On Friday, December 8, negotiators from the European Parliament and Council came to a provisional agreement about the guidelines governing the use of artificial intelligence (AI). The agreement addresses the use of AI by the government for biometric monitoring, the regulation of AI platforms like ChatGPT, and the need for transparency before entering the market.
In an effort to enhance Web3 game marketing, Spindl, an attribution and analytics platform, has partnered with AppsFlyer, a business that has long since achieved a similar goal in the Web2 space.Since 2011, AppsFlyer has been offering attribution for mobile gaming, which is the process of figuring out which marketing strategies are resulting in sales. To date, the company has raised $300 million in venture financing. The goal behind founding Spindl two years ago was to create a Web3-native version of this kind of platform that might serve as the foundation for the strategies of blockchain-based games.That said, this has been challenging because the majority of “Web3 games” are actually a hybrid of off-chain and on-chain, which is why Spindl need the AppsFlyer functionality.The two companies, according to a blog shared with CoinDesk on Monday, would be combining their data sets to enable developers to map their user journeys that span Web2 events, like clicks and app installs, and Web3 events, like NFT mints. Web3 is the next iteration of the internet, centered on decentralization and based on blockchain technology. Web2 is the current iteration of the internet, centered around social media and mobile apps.According to Antonio García Martínez, the founder of Spindl, the collaboration indicates a merger of Web2 and Web3 gaming. “Every Web 3 gaming dashboard has missing data around onchain revenue and user actions, presenting a very partial picture,” he wrote. “Worse still: the more onchain a game is, the more wrong basic metrics like lifetime value are.”
In a startling shift in the cryptocurrency space, a shrewd trader has profited handsomely from Wrapped Bitcoin (WBTC), making a tidy $24 million.Analyzing Lookonchain data makes it evident that this trader profited from purchasing WBTC at reduced costs and then selling it when Bitcoin’s value surged.InQubeta (QUBE), a recent addition to the AI crypto market, is gearing up for a big comeback and aiming for a hundredfold value gain.InQubeta appears as a decentralized platform designed exclusively for businesses committed to influencing artificial intelligence in the future.The website enables supporters of cryptocurrency to get involved in this AI movement and fund innovative projects.Best cryptocurrency initial coin offering (ICO) of the year goes to InQubeta. A cutting-edge AI initiative called InQubeta is well-positioned to profit on the potential for a remarkable 100x increase.Fairness is upheld via the InQubeta ecosystem, which connects companies with real investors.The main form of payment in this instance is the QUBE token, which is used inside InQubeta.Additionally, holders and stakers of these tokens can benefit from expected price rises as well as dividends from a rewards pool that is only available to them.QUBE is becoming more and more popular, to the point where it’s being called the best cryptocurrency available right now. As the best cryptocurrency initial coin offering (ICO), QUBE has sold over 550 million tokens during its presale.QUBE coins can be purchased by investors for a mere $0.0161 during the fifth phase of the presale.This strategy offers a unique chance because there are ten phases throughout all of the presale.It is anticipated that the final QUBE token would cost approximately $0.0308.Numerous analysts predict that QUBE will become the greatest cryptocurrency in 2023 and that its price will soar 50 times after introduction. An essential part of running the platform is the QUBE token.It is used not only for transactions but also for platform promotion and governance.There are 1.5 billion QUBE coins that can be acquired during the presale.There will be a public sale for just 65% of the tokens.The remainder will be used, among other things, to preserve liquidity, reward stakeholders, pay legal counsel, and finance marketing initiatives. With the goal of empowering AI companies and investors by opening up new channels for funding and cooperation, InQubeta has introduced a well-liked NFT marketplace.With the help of this platform, AI developers can raise money for their firms by turning investment opportunities into NFTs.Prominent artificial intelligence firms will facilitate these exclusive tokens, which will be associated with equity ownership or additional benefits.Those who buy these tokens will become early backers of potentially lucrative AI ventures and will stand to earn large gains.
According to a study released on Monday by Bank of America (BAC), artificial intelligence (AI) technology has the potential to increase banks’ operational effectiveness. It carries risks as well. “Whilst greater automation – likely to be the first and greatest application of AI technology for banks – has the potential to improve bank productivity and thereby enhance bank returns, we also see some vulnerabilities around broad use of AI in banks,” analysts led by Richard Thomas wrote. The report stated that because the industry is heavily regulated and has access to a lot of sensitive data, banks and supervisors will need to be “comfortable about the risks that accompany the institutionalization of AI.” It also noted that ongoing discussions are taking place between the industry and regulators. Concerns are likely to
“Grok,” an AI chatbot developed by Elon Musk and his business xAI, is purported to be able to exceed OpenAI’s initial ChatGPT version in a number of academic exams. According to Musk and xAI, the goal of developing Grok is to provide AI tools that will support humankind by fostering creativity and research, as they stated in a post on X (previously Twitter) on November 5. Grok’s real-time world knowledge through the X platform is a “unique and fundamental advantage,” according to Musk and the xAI team. “It will also answer spicy questions that are rejected by most other AI systems,” Musk and xAI said. “Grok is designed to answer questions with a bit of wit and has a rebellious streak, so please don’t use it if you hate humor!” According to information released by xAI, the Grok-1 engine outperformed ChatGPT-3.5 in every exam conducted on it, including math and coding tasks.In none of the tests, though, did it perform better than OpenAI’s most sophisticated version, GPT-4. “It is only surpassed by models that were
On October 19, Greek Prime Minister Kryiakos Mitsotakis announced the formation of an advisory committee tasked with developing a national artificial intelligence (AI) policy for Greece. According to the Greek government, the “exponential pace” of AI development has made an advisory group led by the prime minister of the nation necessary.The committee’s goal is to get Greece ready for technological advancements and applications.Regarding the commission’s formation, Mitsotakis stated that before technology becomes a regular occurrence, it needs to be embraced.He declared, “This is about the present, not the future.” The MIT computer science professor Constantinos Daskalakis will serve as the committee’s leader. Other members of the commission include experts in science, technology, ethics, and the law.Greek scientists and researchers who are diaspora residents outside of Greece are also included. Daskalakis commented on the initiative saying, “We will also work in a coordinated manner so that Greece can be a member of the international initiatives for Artificial Intelligence that are being developed within the framework of the International Organization of Artificial Intelligence.” The advisory committee’s primary responsibilities will also include developing guidelines and policy suggestions for a long-term national plan.The statement states that the AI plan would, among other things, take into account how AI will affect society and the economy and work to improve productivity, foster innovation, and fortify local infrastructure.One of the 27 EU members that will be governed by the upcoming EU Artificial Intelligence Act is Greece.EU officials said earlier in October that they are thinking of enacting even stricter rules for big AI models, such ChatGPT from OpenAI and Llama 2 from Meta.
Following a metaverse-inspired shift of its well-known online game Fortnite, video game maker Epic Games is letting go of roughly 16% of its workforce.According to CEO Tim Sweeney’s memo to staff on Thursday, the layoffs will effect 830 employees of Epic Games. Epic Games has been “growing Fortnite as a metaverse-inspired ecosystem for creators,” according to Sweeney. The game’s growth is now primarily driven by creator content, meaning lower revenue for Epic as the revenue is increasingly divided. “I had long been optimistic that we could power through this transition without layoffs, but in retrospect I see that this was unrealistic,” Sweeney added. The term “metaverse” refers to a hypothetical virtual world where the internet transforms into a fully immersive space that may be used for activities such as work, leisure, socializing, and events.Epic Games’ announcement suggests that significant video game creators have been working hard to harness it, even if it is still in its very early phases of development.
Adventure role-playing game on the Web 3Big Time is coming out of a year-long testing phase and plans to launch in early October.Big Time intends to offer its big community a free-to-play experience without the sort of poorly matched pay-to-win incentives that have afflicted other crypto-centric games. Big Time’s creators, which include the former CEO of Ethereum-based virtual world Decentraland and several former AAA game developers, refer to its “player-owned economy,” in which players can craft, trade, or loot digital wearables and collectibles in the form of non-fungible tokens (NFTs), powered by a native Big Time cryptocurrency, as they explore historic civilizations and dystopian futures. Axie Infinity, a competitive digital pet player, and other once-heralded cryptocurrency-based games like Decentraland have experienced issues over time. Decentraland’s metaverse world has received criticism for having few players, and Axie is vulnerable to the sneaky effects of its play-to-earn model.Ari Meilich, the creator of Big Time and former CEO of Decentraland, credited his new game’s success to both a committed player base and the Big Time Studios creative team, which has worked on games that have amassed hundreds of millions of dollars in revenue and tens of millions of users. “The Big Time community has already grown to over 350,000 people on Discord and over a quarter million on X (formerly Twitter),” Meilich said in an interview. “We also have a signup list with over a million people, and have made direct sales in excess of $8 million, plus whatever the users
AVALANCHE House in Seoul –Korean game producer Neowiz, which is publicly traded, announced on Thursday that its Web3 division, IntellaX, will create games for the Avalanche blockchain.With a sizable fan base for numerous gaming cultures and a high level of consumer engagement, Korea has a thirst for esports and blockchain games.As a result, local businesses like Neowiz, one of the top five gaming companies in Korea by market value, have seen their valuations rise. With a 25-year history of entertaining titles like Cats & Soup, Neowiz is the developer of the eagerly awaited Lies of P, a Pinocchio-inspired souls-like game that is predicted to be one of the top sellers of 2023. Co-CEO of Neowiz Taegeun “Andrew” Bae stated at the event on Thursday that the business generated $51 million in revenue the previous year. “We couldn’t be more excited to be collaborating with Neowiz and continuing to expand our robust gaming network in South Korea,” said Ava Labs’ head of gaming, Ed Chang, at the event. “Having such an experienced game publisher join Arcad3 will strengthen the whole program, and the expertise of the first Arcad3
According to a report by credit rating company Moody’s Investors Service, blockchain technologies that support cryptocurrencies may in the next five years assist issuers of financial instruments like bonds in lowering financing costs.While integrating these technologies into organizations may initially result in higher IT expenditures and “substantial investment,” it may eventually help businesses spend less, according to a report released on Wednesday.According to Moody’s, recent advancements have boosted the transformative potential of technologies like distributed ledger technology (DLT) and artificial intelligence (AI) when used in the financial markets.DLT might “gradually lower financing expenses, especially for smaller issuers,” according to the paper, while AI could potentially lower operating expenses for financial institutions by automating manual processes. “DLT could improve financial market efficiency, modernize the payment system, and foster financial inclusion,” Vincent Gusdorf, head of DeFi and digital asset analytics, said in a press statement. “The overall economic and financial effects of technological changes, including the policy and strategic changes they prompt, are likely to be positive.” The paper claimed that digital or tokenized bonds, which are gaining popularity in international markets, could reduce transaction costs and increase access to capital markets by enabling businesses avoid middlemen like banks and by boosting liquidity on the secondary market.Similar findings were reached by Hong Kong’s central bank after a successful $100 million tokenized bond offering earlier this year.Some businesses could be able to access new markets and take advantage of undiscovered income potential thanks to DLT. Although the effects
United States District Judge Beryl Howell recently supported the U.S. Copyright Office’s position that works of art produced exclusively by artificial intelligence (AI) are not entitled to copyright protection. This decision was made amidst growing concerns that generative AI would displace human artists and authors.Since the start of the Hollywood writers’ strike more than 100 days ago, worries about the potential AI takeover of scriptwriting have grown.However, laws governing intellectual property have continuously maintained that only works produced by people are granted copyrights. Howell’s decision was a response to Stephen Thaler’s lawsuit challenging the government’s refusal to register inventions made using AI.Thaler, the CEO of the neural network business Imagination Engines, argued that AI that satisfies the requirements for authorship should be acknowledged as such.As a result, the owner of the AI system should be the rightful owner of the work.Howell disagreed and emphasized the significance of people as authors in terms of copyright laws.She cited earlier rulings in favor of protecting ideas created by people, such as Burrow-Giles Lithographic Company v. Sarony.Another instance demonstrated the impossibility of copyrighting even an animal-taken image. Howell talked about how copyright inspires people to engage in creative activities.She pointed out that patents and copyrights were intended to be protected property that supported the arts and sciences by promoting invention and creativity.This decision is made while continuing legal debates over AI companies exploiting protected information for training continue.Artists have filed numerous lawsuits in California alleging copyright violations, which may force AI businesses to deconstruct their language models. The debate about AI and copyright is altered by this decision.It highlights the importance of human creativity in intellectual property, even though AI-produced art might not be protected by copyright.
In order to enhance user experience and increase the model’s functionality, OpenAI has announced a number of changes to its ChatGPT model. These modifications appear to be in line with the features provided by Claude, a new rival. The changes include new capabilities like prompt examples, recommended responses, and the capacity to analyse data across
A Shopify application developed by Web3 infrastructure company Co:Create will enable millions of businesses to use the platform to establish blockchain-based loyalty and rewards programs.The Web3 Rewards Tools program, which is powered by Ethereum sidechain Polygon, seeks to assist brands in forging closer ties with their customers by utilizing non-fungible tokens (NFT) and gamified experiences.Brands can offer token-gated products with their own NFT collections and running projects like the Bored Ape Yacht Club or CryptoPunks, as well as give token-based prizes. In an interview, Tara Fung, CEO and co-founder of Co:Create, stated that Web3’s technology enables retailers to give their devoted customers digital ownership as a way to engage the community that supports a brand. “We are building an intergrated system that helps the most innovative community centric brands grow, reward and engage their community,” said Fung. “And that is where the Shopify app lives.” In contrast to larger businesses implementing Web3 activations, she also pointed out that commerce aids startups and newer brands in developing their consumers and interacting with their communities. “The future of brand engagement and the most exciting brands that people are actually ecstatic about and want to give their advocacy
The upper house of Parliament decided on Wednesday to include the metaverse in a U.K. bill on online safety that includes safeguards against minors being harmed online.The March 17-introduced Online Safety Bill is very close to being approved and becoming law.The superset of virtual worlds known as the metaverse has gained a lot of popularity in recent years. Social media giant Facebook even changed its name to Meta to demonstrate its dedication to the growth of the industry.Some officials have claimed that the safety of children is also at stake from these virtual worlds. “These virtual reality experiences are very immersive and the degree of harm that can be created and indeed the degree of enjoyment can be that much more intense,” Melanie Dawes, CEO at Ofcom, the U.K.’s communications regulator said during an event in October. The Centre for Countering Digital Hate discovered that children are frequently harassed by photographing and examining 100 visits to the most well-liked worlds in Meta’s flagship platform, Horizon Worlds.Lawmakers in the UK’s House of Lords stated that it was important to make sure that the Online Safety Bill applied to the metaverse given the potential harm children could encounter in these virtual reality activities. “The metaverse is in scope of the bill, which, as noble
Web3-native game launcher HyperPlay announced on June 8 that it had finished its Series A investment round after securing $12 million from backers, including co-leaders Griffin Gaming Partners and Bitkraft Ventures. ConsenSys, the parent firm of MetaMask, Ethereal Ventures, Delphi, Game7, Mirana Ventures, and Monoceros Ventures are some of the additional investors.The Web3 gaming interoperability challenge, according to HyperPlay, which was founded in November 2022 by MetaMask and Game7 DAO, is addressed “head-on” by its platform, which offers Web3 gaming interoperability and frees developers from being constrained by centralized organizations like Apple, Google, and Steam. According to the platform, it wants to make it possible for players to carry their MetaMask wallet inside native or browser-based games, enabling interoperability across all Web3 games. According to the company, HyperPlay’s game store now has over 33 Web3 games available.“Since announcing HyperPlay in November of last year, we’ve been focused on building a platform that empowers both developers and users to effortlessly navigate the Web3 gaming realm,” said JacobC.eth, the company’s creator.The platform claims to be a resource for both users and developers, and it claims that because of its “developer loyal” focus, it “charges no taxes on in-game economies, instead monetizing optional features like on-ramping or token swaps.” Users may bring their wallets, tokens, and nonfungible tokens (NFTs) into any native or browser game thanks to HyperPlay’s support for all chains that are compatible with the Ethereum Virtual Machine.Users won’t have to exit the game and visit another website to conduct NFT transactions thanks to the integration of an in-game wallet overlay in the HyperPlay launcher, according to the business.Blockchain gaming, also known as web3 gaming, employs distributed ledger technology to provide more openness, security, democratization, and user control over in-game resources. Web3 gaming accounted for nearly half of all blockchain transactions in 2022, according to a report by DappRadar. This places gaming far ahead of NFTs and decentralized finance (DeFi) as the industry with the fastest growth in the blockchain field.Another DappRadar analysis states that the sector continues to grow steadily in the first quarter of 2023, continuing its pace into 2023.Funding for blockchain gaming and metaverse initiatives totaled $739 million throughout that time.
The need for action has been made more pressing by the negative consequences of artificial intelligence (AI) technology in the hands of criminals, which has made it possible to create deep fakes and malware OpenAI, the creator of ChatGPT and Dall-e, has announced a $1 million cybersecurity grant program to enhance and measure the impact of AI-driven cybersecurity technologies. In order to prevent potentially harmful applications, the AI business has repeatedly underlined the significance of AI legislation. OpenAI seems to be taking proactive measures in the current digital weapons race
New Huo Tech, a Hong Kong-listed tech company, recently announced its mid-year financial performance .The report reveals a complex financial picture with some noteworthy trends and developments. Most striking is the company’s exceptional growth in revenue. Compared to the same period in 2022, revenue has surged by a staggering 612.3% from HKD 352 million to
