Meta Set to Release ChatGPT Competitor
Meta intends to publish a commercial version of its artificial intelligence (AI) model to achieve wider adoption. According to sources close to Meta, the new version will be more generally accessible. It may be customized by businesses, even though the company already issued its large language mode (LLM) for researchers and academics called LLaMa earlier […]
Celsius Network Fined $4.7B by FTC
The US Federal Trade Commission has fined the insolvent cryptocurrency lender Celsius Network $4.7 billion. The statement made on July 13 states that Celsius and its affiliated businesses will be prohibited from always “offering, marketing, or promoting any product or service that could be used to deposit, exchange, invest, or withdraw any assets.” The company’s […]
South Korea to Set Clear Accounting Standards for Virtual Assets
In a decisive move to prevent a recurrence of the WEMIX accounting controversy, the South Korean government has prepared new guidelines for accounting virtual assets. The South Korean National Assembly’s adoption of the Virtual Assets Act has caused the government to improve accounting transparency for virtual asset transactions, allowing businesses that issue or hold virtual […]
US SEC Accepts Bitwise Spot Bitcoin ETF
The SEC has now legally accepted the spot Bitcoin Exchange Traded Fund (ETF) product filed by Bitwise. The United States Securities and Exchange Commission (SEC) has accepted Bitwise’s application for a spot Bitcoin Exchange Traded Fund (ETF) product, a significant move for the cryptocurrency industry. The cryptocurrency sector needs the SEC’s approval of the Bitwise […]
US FTC Opens Investigation Into OpenAI
The US Federal Trade Commission (FTC) wrote to OpenAI, the maker of the ChatGPT chatbot powered by artificial intelligence. The very popular artificial intelligence-based chatbot ChatGPT’s creator, OpenAI, purportedly received a notice from the US Federal Trade Commission (FTC) alleging that the system had disseminated false material. According to the most recent reports, the government […]