Recently, Goldman Sachs and MIT analysts conducted a thorough analysis of the generative artificial intelligence (AI) market to assess investment viability both in the short and long term. Their research was plagued by the question of whether the AI market today is a bubble that is about to burst or if it is just the

According to Mark Zuckerberg of Meta, holographic-display smart glasses will gradually replace mobile phones as the main means of communication and computing for people. Artificial intelligence and open source were among the many issues that the billionaire tech tycoon discussed in a recent interview with YouTuber Kane “Kalloway” Sutter. However, when host Kalloway questioned Zuckerberg

Ora, a blockchain project that aims to integrate artificial intelligence (AI) into decentralized applications (dapps), announced that it has raised $20 million from investors, including Hashkey Capital, Polychain, and HF0. In a news statement, the project stated that the additional funding will enable it to “continue developing its technology and infrastructure for tokenizing AI models

In contrast to the preceding phase of GameFi projects, which prioritize play-to-earn features over gameplay, the next wave of blockchain-inspired games incur production costs of seven to eight figures and require years to reach the market. Yezi, the chief operational officer of Korean game developer Seraph, claims as much. Regarding the company’s impending Arbitrum dark

There are a number of issues that have caused friction in the relationship between app distribution platforms and developers, such as exorbitant sales prices and antitrust laws that restrict creators’ access to other distribution channels. Many firms, especially in the Web3 field where the absence of legislative certainty may make matters worse, are concentrating on ways to meet the demands of programmers as a result of these issues. “Centralized app stores like Google Play and iOS AppStore are seeing fraudulent crypto applications. This means the centralized stores are not safe anymore as they solely focus on making money from listing,” explained William Peckham, the chief business officer of APhone — a decentralized cloud-based smartphone.  The decentralized app store called APhone, created by Aethir, will integrate conventional apps with blockchain-based solutions. The company claims that its AppNest, which also includes well-known Web2 apps like Whatsapp, Instagram, and ChatGPT, will list cryptocurrency apps including those from Binance, OKX, Phantom, MetaMask, Bitget Wallet, and more. AppNest offers developers a free and open environment, but only after careful consideration. Developers will be subject to a variety of assessment criteria, including team and product stage evaluations, in order to stop fraudulent applications.“Web3 applications must go through a rigorous screening procedure. A due diligence procedure will be required of each partner, according to Peckham. Previous instances of similar applications exist. For Android apps, Aptoide, for example, provides an open-source platform. It does not focus on decentralized apps explicitly, but it does host a variety of Web3 applications, including widgets linked to Bitcoin and crypto wallets. The APhone team is putting its money on features for Web3 aficionados in an effort to differentiate itself from the competition. These features include token prizes for writing app reviews, beta testing, and daily usage in addition to advice for developers and content creators on how to engage the community or create useful content. In order to enable lending, borrowing, and interest earning for holders of its native token, the platform also intends to link with decentralized finance systems. “We are providing users with an entirely ‘beyond the box’ experience — surpassing the typical hardware prerequisites and gatekeepers’ reach,” Peckham stated. The Helium protocol is one example of a company that combines decentralized infrastructure with onchain products. It is based on a decentralized wireless network and creates a peer-to-peer network using gadgets called Helium Hotspots, which function similarly to miniature cell towers.

A $12 million funding campaign has been held for Sonic, a layer-2 blockchain dedicated to gaming that runs on top of Solana. Big Brain Holdings and Galaxy Interactive were among the investors in the Series A round led by Bitkraft, as per a press statement. The money will be used for growth initiatives for the Sonic protocol, which comes with “built-in mechanisms designed specifically for game development and execution on Solana, such as a sandbox environment, customizable gaming primitives and extensible data types, all while boasting the fastest on-chain-gaming experience,” according to the press release. Under the direction of CEO Chris Zhu, Mirror World Labs, a two-year-old infrastructure, constructed the project. Zhu obtained a bachelor’s degree from New York University in 2020, and according to his LinkedIn profile, he has worked for ByteDance, the parent company of the video-sharing app TikTok. “We expect the

Squads Labs, a technology firm that promises to help businesses transact and manage digital assets, has raised $10 million in Series A funding led by Electric Capital. Squads Labs confirmed in an email on Monday that RockawayX, Coinbase Ventures, L1 Digital, and Placeholder participated in the fundraising round.Squads has also announced a smart wallet geared at individuals for public testing on iOS. The startup already offers a Solana-based business wallet. This has resulted in over $10 billion in worth. The new wallet, Fuse, is intended to eliminate the need to learn seed phrases, which are streams of 12 to 24 random syllables used to restore access to a user’s assets, in favor of wallet recovery and two-factor authentication. Individual users are frequently the focus of efforts to attract additional players to the cryptocurrency business. While Squads’ focus has historically been on recruiting enterprises to the digital asset world, with the launch of Fuse, it appears to be broadening its appeal to both sides of the market. Squads intends to use the new funds to enhance its smart account technology and products, as well as expand its personnel.

Next week, shareholders will have the opportunity to vote on Tesla (TSLA.O) CEO Elon Musk’s $56 billion compensation plan, which was declared illegal earlier this year by a Delaware judge.On Saturday, Norway’s $1.7 trillion national wealth fund announced that it will not support theratification of Musk’s pay package. LSEG data shows that the fund is

Leading artificial intelligence (AI) developers’ former staff members are pushing these cutting-edge AI firms to strengthen their policy for protecting whistleblowers. With the public, they might then express “risk-related concerns” about the development of increasingly complex AI systems. The “Right to Warn AI” petition was established on June 4 by a group of 13 former and present workers from OpenAI (ChatGPT), Anthropic (Claude), and DeepMind (Google), as well as the seminal AI scientists Stuart Russell and Yoshua Bengio. By issuing this declaration, frontier AI businesses hope to demonstrate their commitment to enabling staff members to voice concerns about AI risks both internally and externally. William Saunders, a former OpenAI employee and supporter of the movement, commented that, when dealing with potentially dangerous new technologies, there should be ways to share information about risks with independent experts, governments and the public. “Today, the people with the most knowledge about how frontier AI systems work and the risks related to

On June 13, the artificial intelligence-focused protocols Fetch.ai, SingularityNET, and Ocean Protocol will fully unite to become the Artificial Superintelligence Alliance (ASI). Additionally, the three intend to combine their tokens under the umbrella of the Web3 platform Fetch.ai, which will soon be rebranded ASI and focus on AI. Users will be able to exchange FET for ASI starting on June 11; when the merger closes two days later, users will be able to exchange FET for the native tokens of SingularityNET (AGIX) and Ocean Protocol (OCEAN). Over the past 18 months, artificial intelligence (AI) has become a hot topic in the IT community, with worries expressed that tech behemoths like Microsoft (MSFT), Alphabet (GOOG), and Meta (META) will take control of the industry. The Web3 firms were partly inspired by this to attempt to create a decentralized AI infrastructure in which contributors can freely exchange and see one other’s data.Based on statistics from CoinMarketCap, each of the three distinct tokens has increased by more than 2% in the past day.The CoinDesk 20 Index {{CD20}}, which gauges the overall performance of the digital asset market, has decreased by roughly 0.55%.

The CEO and president of OpenAI, which makes ChatGPT, Sam Altman, recently spoke in public on X.com about the recent departure of Jan Leike, who was presumably the company’s previous chief safety officer. According to current reports, Leike served as the alignment head. On May 17, he submitted his resignation, citing irreconcilable differences with the

The Nigerian Interpol convened with cybersecurity specialists and other members of the local intelligence community to discuss strategies for combating the nation’s surging cybercrime epidemic. It was reported that the purpose of the brainstorming, which was held in the capital city of Abuja as part of the training platform run by A&D Forensics in collaboration with the Africa Stablecoin Consortium, was to put the Nigerian Interpol in a better position to combat crimes involving virtual assets, especially stablecoins. The training session’s goal, according to blockchain expert Chioma Onyekelu, was to equip Interpol agents with the knowledge and abilities to use blockchain intelligence and analysis in order to find and apprehend cybercriminals engaged in cryptocurrency transactions, particularly those involving Bitcoin and stablecoins. According to Onyekelu, cybercrime has advanced beyond the use of fiat money, with criminals increasingly utilizing virtual assets as a means of committing a variety of online crimes. Through focused training sessions, Nigeria’s Interpol can better respond to requests from foreign partners on cybercrime. With Nigeria’s increasing engagement in virtual asset exchanges, Onyekelu clarified that officers will be able to combat cybercrimes involving virtual assets—especially stablecoins—by virtue of the training. Senior Partner at A&D Forensics Adedeji Owonibi told the media that the training was essential because of the nation’s growing trends in cybercrime.He made the observation that,“A significant gap exists between the evolving cybercrimes and the capabilities of law enforcement agencies in Nigeria. As responsible corporate citizens, we recognized the need to bridge this gap and support our law enforcement agencies in staying updated and effectively combating cybercrimes.” Owonibi addressed the debates surrounding the cybersecurity Levy’s recent introduction by stating that, despite its contentious nature, the government is empowered to decide on issues that affect national security and emphasized the significance of putting the security interests of the country first. The Office of the National Security Adviser (ONSA) will oversee the National Cybersecurity Fund, which will be administered by the Central Bank of Nigeria (CBN) on Monday. The CBN ordered banks and other payment service providers to start withholding 0.5% of the entire value of electronic transactions. The Securities and Exchange Commission (SEC) of Nigeria is taking action against cryptocurrencies, outlawing peer-to-peer exchanges that use the naira and indicating a dramatic change in the country’s regulatory landscape. As part of its economic reformation efforts, the International Monetary Fund (IMF) has advised Nigeria to embrace the adoption of cryptocurrencies by granting licenses to international cryptocurrency exchanges.

A bipartisan bill that would support the Biden administration in enforcing export restrictions on the nation’s best artificial intelligence (AI) models has been unveiled by American legislators. The plan, which would prevent future regulations on AI exports from facing legal challenges, was unveiled late on May 8 by House Republicans Michael McCaul and John Molenaar and Democrats Raja Krishnamoorthi and Susan Wild. The Commerce Department would also be granted “express authority” to prevent individuals of the United States from working with foreign agents in the creation of AI systems that could endanger national security. The U.S. Commerce Department, which is in charge of export policy, finds it more challenging to regulate open-source AI models under the current laws. The newly proposed bill will reduce obstacles to controlling open source AI exports if it is approved. This measure comes after a Reuters story published on Wednesday stating that the United States is prepared to defend its in-house AI against threats from China and Russia. It declared that it will put export restrictions on its most sophisticated in-house AI models. China has been known to utilize open-source models originating from the U.S., like Meta’s Llama models, to develop its own AI. It also comes after Microsoft and G42, a Dubai-based artificial intelligence startup in the United Arab Emirates (UAE), recently reached an agreement on April 16.Microsoft promised to support local AI innovation in the UAE with a $1.5 billion partnership. The UAE will now have access to state-of-the-art AI technologies created by Microsoft in the United States thanks to this agreement. This is only one of several agreements Microsoft has with other countries about the creation and application of its artificial intelligence models and cloud computing services. The United States’ primary concern, though, remains the possibility of China gaining access to advanced AI technology.The AI model Yi-34B of 01.AI, a well-known Chinese startup run by Lee Kai-fu, a former Google executive, was developed with the aid of Meta’s Llama system, the company disclosed in November 2023. The US government has taken a number of actions to punish China and limit its access to AI technology produced in the US. The People’s Liberation Army (PLA) was accused of using Chinese AI startup Baidu’s technology for military purposes, which put the company in danger of penalties in January.

A recent letter addressing the prospects and challenges for children in the metaverse was released by the European Parliamentary Research Service (EPRS), a government think tank for the European Union.The author of the essay, EPRS policy analyst Maria Niestadt, claims that the metaverse can provide opportunities for cultural and social experiences that children might not otherwise have, as well as “boost children’s creativity and motivation to learn and even help them heal from diseases.”Nonetheless, the EPRS lists a number of difficulties that the EU must overcome, such as safeguarding kids from harmful psychological and physical effects associated with using virtual, augmented, and/or mixed reality headsets, in addition to security and privacy concerns. The letter claims that youngsters have a plethora of opportunities in the metaverse.The think tank makes a number of arguments in favor of children using virtual and mixed reality headsets, even though it doesn’t go so far as to fully support their use. The letter claims that there are a ton of chances for kids in the metaverse.The think tank makes various arguments for the beneficial use of virtual and mixed reality headsets for kids, even though it stops short of endorsing their use wholeheartedly. “Virtual world technologies can be used to diagnose and treat various paediatric mental and physical health disorders (such as autism, attention deficit/hyperactivity disorder). They can also be used to promote physical health through immersive fitness exercises, to help prepare children for psychological difficulties (such as the fear of heights) or to aid

On Sunday, Tesla’s official website revealed that the starting price of the redesigned Model 3 in China had been lowered by 14,000 yuan ($1,930) to 231,900 yuan ($32,000). The manufacturer reduced the cost of its Model 3 rear wheel drive in Germany from 42,990 euros ($43,670.75), the price it has been charging since February, to