Laos Cuts Power Supply to Crypto Miners Amid Drought
Électricité du Laos (EDL), a state-owned electricity distribution company in Laos, has announced that it will suspend electricity supply to cryptocurrency mining operations in the country, citing difficulty in generating sufficient power amidst drought conditions. According to the announcement, Laos had a shortage during the first half of 2023. Extreme heat increased the electricity demand […]
FTX Reports Cybersecurity Breach Involving Claims Agent Kroll
Defunct cryptocurrency exchange FTX disclosed a cybersecurity breach involving its bankruptcy case claims agent, Kroll, which exposed non-sensitive customer data. The ailing cryptocurrency exchange utilized the X platform on August 25 to alert its customers, creditors, and the general public of a cybersecurity breach involving its claims agent, Kroll. The breach has disseminated non-sensitive customer […]
Binance to Suspend Crypto Debit Card Service in Latin America, Middle East
Binance will suspend its crypto debit card services in Latin America and the Middle East beginning on August 25, it claims this would only impact 1% of users in the affected regions. The crypto debit card functioned similarly to other debit cards, allowing users to purchase everyday products and services. The only distinction is that […]
OpenAI’s Customized AI Offering Gets Mixed Reactions from Devs
OpenAI has introduced a fine-tuning option for GPT-3.5 Turbo, allowing artificial intelligence (AI) developers to improve performance on specific tasks using dedicated data. However, developers have both criticized and expressed enthusiasm for the development. OpenAI clarified that developers can tailor the capabilities of GPT-3.5 Turbo to their needs through fine-tuning. Using a data set derived […]
Germany to Tighten Screening for Chinese Investment in AI Sectors
Local media agencies report that the vice chancellor of Germany has proposed tightening the screening process for foreign direct investment from China in AI and other related sectors. Rober Habeck, a Greens coalition member and economic minister, stated that restrictions on Chinese foreign investment would be tightened in “critical sectors” such as semiconductors and artificial […]