Arm Stock Price Surges 30% Amidst High AI Chip Demand
The stock price of Arm, a leading technology company based in the United Kingdom, increased by more than 30% on Wednesday, February 7 owing to high AI demand and strategic expansions. Financial Times reports that the company, best known for developing cutting-edge processors, cited increasing demand for its artificial intelligence (AI)-based technology. Arm, a prominent […]
Life Corporation Faces Lawsuit for Using AI Voice of Joe Biden
Texas firm Life Corporation and Walter Monk will face a lawsuit for allegedly using an AI-generated robocall that used the voice of United States President Joe Biden to advise New Hampshire residents not to vote in the January 23 primary election. Attorney General John Formella stated in an announcement from the New Hampshire Department of […]
Crypto Exchange Bitsonic CEO, Exec Reportedly Face Jail Term
Reportedly, for plundering 10 billion South Korean won ($7.5 million) worth of customer deposits, the CEO of cryptocurrency exchange Bitsonic has received a seven-year prison sentence, the firm’s CTO also received a one-year sentence. The Korean District Court imposed a seven-year prison sentence on Jinwook Shin, according to a February 6 report by the Yonhap […]
Crypto Sector Tops Canadian Fintech Industry for 2 Years
The number of investments in crypto and blockchain technology dominated the financial technology sector in Canada for the second year in a row, according to a report by the accountancy firm KPMG. KPMG published a report on Canadian fintech on February 6, emphasizing that despite substantial declines in transaction volumes and values in 2023, cryptocurrencies […]
Crypto Criminals to Face life imprisonment in South Korea
A new version of the Virtual Asset Users Protection Act, issued by the South Korean government states that criminals that earn over 5 billion won ($3.8 million) in illegal crypto profits will face life imprisonment sentences. The top financial regulator in South Korea, the Financial Services Commission (FSC), implemented a novel legislation on February 7 […]