OpenAI Announces $1M AI Democratic Project Grant
OpenAI, ChatGPT’s parent company, has launched a program to increase democratic participation in AI development. It would award 10 grants of $100,000 each to teams worldwide to develop a democratic process for determining AI rules. The company announced on May 25 that it intends to award ten grants of $100,000 each to fund experiments to […]
Zhengzhou City Releases Policy Draft to Support Metaverse Industry
Zhengzhou, China, released a series of policy proposals on May 24 to support metaverse companies operating in the region. The government will establish a 10 billion yuan ($1.42 billion) fund to promote the industry’s growth and development. According to the government draft, metaverse enterprises that relocate their headquarters to Zhengzhou will be eligible to receive […]
Host of Companies Set to Partake in Brazil’s CBDC Pilot
National and international companies, including Visa, Microsoft, and Santander, will participate in the Brazilian central bank’s upcoming digital currency pilot project (CBDC). The central bank released the final list of CBDC pilot participants on May 24. Participants were selected from 36 bids submitted by single corporations and consortia, “totalling more than 100 institutions.” The total […]
CCTV Network Removes Video Depicting Crypto Support
A crypto video was aired on CCTV Network Hong Kong, which made many speculate about crypto support by China. However, the video has been removed from the platform. CCTV, a state-affiliated media organization in China, aired a video about cryptocurrency on May 24 that attracted significant attention on Crypto Twitter. The CEO of Binance, Changpeng […]
Bill for Officials to Disclose Bitcoin Holdings Gets Approval in Korea
The South Korean government is implementing the “Kim Nam-guk Prevention Law”, a regulatory bill requiring officials to disclose their Bitcoin holdings. The National Assembly of South Korea has unanimously passed a bill requiring lawmakers and high-ranking public officials to disclose their crypto assets. The new measure was passed during a plenary session on May 25, […]