Huawei records huge leaps in AI, rivaling US and European counterparts

    coingeek 2024-07-01 41642 views Trending
    ​Chinese-based technology company Huawei says it has recorded impressive strides with artificial intelligence (AI) and its native operating system despite a raft of headwinds slowing its momentum.

    Gradual adoption of generative AI among Asian firms eyed in second half of 2024: survey

    coingeek 2024-06-28 44269 views Trending
    Generative artificial intelligence (AI) is set to undergo a renaissance in Asia after an impressive start in late 2022, buoyed by several private entities and massive government support.A handful of Asian businesses are keen on incorporating generative AI tools and products into their operations, citing efficiency and productivity as deciding factors.

    Switzerland extends CBDC trial by 2 years after promising early results

    coingeek 2024-06-27 69690 views Trending
    ​After nearly nine months of experimenting with a wholesale central bank digital currency (CBDC), the Swiss National Bank (SNB) has announced an extension of the pilot to explore new use cases and expand the scope.

    Spain’s BBVA to launch digital bank in Germany by 2025

    coingeek 2024-06-26 66175 views Trending
    Spain’s second-largest bank, Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) , is set to launch digital banking services in Germany, joining other global giants targeting Europe’s largest economy.

    Iran launches retail CBDC pilot on Kish Island ‘free zone’

    coingeek 2024-06-25 62308 views Trending
    ​The Central Bank of Iran (CBI) announced the launch of a pilot scheme for Iran’s central bank digital currency (CBDC), the digital rial, focusing on domestic micropayments.

    South Korea commits $14.5 million to experiment with CBDC, digital vouchers

    coingeek 2024-06-24 35519 views Trending
    ​South Korea is doubling down on its investments in blockchain technology as it seeks to maintain its innovator position in Southeast Asia.The latest play by the South Korean authorities is an ambitious 20 billion won ($14.5 million) investment to support 14 projects across several verticals. The initiatives will be spearheaded by the Korea Internet & Security Agency (KISA) and the Korean Ministry of Science and ICT.

    Ethiopia to establish CBDC framework following new banking reforms approval

    coingeek 2024-06-21 59575 views Trending
    ​As part of plans to liberalize the country’s financial landscape, Ethiopia’s Council of Ministers is moving toward introducing new banking reforms, with the incoming rules hinting at a commercial rollout of central bank digital currencies (CBDCs).

    US advocacy group seeks ties with India on pending tech regulations

    coingeek 2024-06-19 56550 views Trending
    The Information Technology Industry Council (ITI), a premier global advocate for technology that represents U.S. technology giants like Google, Amazon , Meta, Apple and Microsoft , said it is looking forward to working on pending regulations with the new team at India’s Ministry of Electronics and Information Technology (MeitY).

    ASEAN countries join hands for AI development

    coingeek 2024-06-17 80378 views Trending
    ​Southeast Asian countries have pledged to work together to foster the development of artificial intelligence (AI) in the region and established a working group on AI governance.In their recent meeting, technology and innovation ministers from members of the Association of Southeast Asian Nations (ASEAN) announced a raft of measures aimed at boosting the region’s AI capabilities. These include ramping up regional consultation on AI development, investing in education and public awareness, investing in AI infrastructure and establishing robust data governance frameworks.

    Nigeria remains global leader in ‘Bitcoin’ Google searches amid government crackdown

    coingeek 2024-06-14 43239 views Trending
    Nigeria has maintained its lead in Googlesearches for “Bitcoin” despite a crackdown that has led to the shutdown of leading global exchanges. Meanwhile, United States lawmakers have criticized the arrest and detention of Binance executive Tigran Gambaryan, describing it as “wrongful detention.”

    France wants to certify smart contracts—is it even possible?

    coingeek 2024-06-13 62727 views Trending
    The regulatory arm of the Banque de France, the Autorité de Contrôle Prudentiel et de Résolution (ACPR), wants to certify smart contracts. The First Deputy Governor of the Banque de France recently confirmed that work between it and the ACPR to make that process mandatory is ongoing.

    OpenAI insiders accuse the company of prioritizing profits over safety

    coingeek 2024-06-12 63730 views Trending
    ​In the heated race to build the most powerful artificial intelligence (AI) models, industry leaders Google and OpenAI have abandoned their commitment to safety, insiders from the two companies alleged this week.

    India to leverage AI for tackling climate change risks, official says

    coingeek 2024-06-11 63250 views Trending
    ​India will not only use artificial intelligence (AI) to boost economic growth but is also planning to use the technology for climate change mitigation, adaptation and other related issues.

    US antitrust chief to scrutinize AI sector for monopoly risks

    cointelegraph 2024-06-06 37280 views Trending
    U.S. antitrust enforcer Jonathan Kanter said regulators must urgently examine the AI sector to prevent potential monopolies.

    AI revenue could balloon to $12 billion by 2030: report

    coingeek 2024-06-06 44649 views Trending
    ​As artificial intelligence (AI) inches forward, revenues for the ecosystem are expected to surpass $12 billion before the end of the decade, driven by increasing adoption rates and innovative leaps.

    Canada moves toward AI strategy for government operations

    coingeek 2024-06-05 52082 views Trending
    ​Canada could be making a full-scale pivot to artificial intelligence (AI) for government processes in the coming weeks, following regulators’ development of a national strategy.The Treasury Board is taking the lead in the quest to integrate AI into government operations but hints at a broader collaborative effort by sister agencies. Treasury Board President Anita Anand noted that the move is the first attempt by the government to embrace AI after lone attempts by individual agencies.

    Deutsche Bank explores tokenized funds to survive margin compression

    coingeek 2024-06-04 47920 views Trending
    ​Blockchain technology can enable banks to stay competitive and profitable as revenue from margin fees continues to drop, says Deutsche Bank.Deutsche recently announced that it had joined Project Guardian, a project by the Monetary Authority of Singapore (MAS) that explores asset tokenization on public blockchains.

    Japan’s Nomura bank announces new stablecoin project

    coingeek 2024-06-03 50392 views Trending
    ​Japanese financial services giant Nomura Holdings has announced a new partnership with the GMO Internet Group to explore stablecoins backed by Japanese yen and U.S. dollar.

    HKMA urges Hong Kong banks to upskill workforce on AI

    coingeek 2024-05-31 77745 views Trending
    ​Artificial intelligence (AI) will redefine financial services in Hong Kong, and commercial banks must prepare for the AI revolution, the city-state’s central bank says.In its latest guidance, the Hong Kong Monetary Authority (HKMA) discussed manpower management in the age of AI, acknowledging that the technology is taking root in the state’s banking industry. Banks are leveraging it to provide customized services for their clients and process massive amounts of data to detect fraud.

    Spain’s central bank launches third wholesale CBDC trial

    coingeek 2024-05-30 45694 views Trending
    ​The Spanish central bank has launched a third trial for its wholesale central bank digital currency (CBDC), focusing on a natively digital bond.

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