Microsoft Lays Off AI Ethics Team in 10,000 Job Cuts
Microsoft recently laid off 10,000 employees, including its entire ethics and society team within the artificial intelligence organization. This has left Microsoft without a dedicated team to ensure its AI principles are closely tied to product design, which is a concern as the company is leading the charge to make AI tools available to the mainstream. Current and former...
Don’t Take the Fork in the Road: Exploring the Dynamics of Hard Forks and Soft Forks in a Decentralized Universe
Forking, the process of replicating and modifying existing code, is an essential part of open-source cryptocurrencies. But because these networks lack a central authority, the challenge of implementing new features can be daunting. To do this, the development and security of the network must be deliberated by a carefully considered governance. To explore how this can be achieved, let's...
Bitcoin Surges Above $24K After US Regulators Step In
Bitcoin (BTC) is the largest cryptocurrency by market capitalization and it has been trading as high as $24,574 Monday midday, according to CoinDesk data. This is a 10% increase over the past 24 hours and a significant jump from its dip below $20,000 last Friday (UTC). The surge in BTC's value is likely due to the collapse of SIVB,...
“Crypto Companies Search for New Banking Partners”
The shutdown of Silvergate Bank, Silicon Valley Bank (SVB), and Signature Bank has caused a disruption in the crypto ecosystem, as many crypto companies are now searching for new banking partners to bridge the gap between centralized and decentralized finance. This is due to the fact that the banks have closed their doors to crypto companies, leaving them without...
The Horror of Hyperinflation: How One Bad Decision Can Send Economies Into Disarray
Hyperinflation is a worrisome phenomenon characterized by a rapid and uncontrolled increase in the general price level of goods and services over a sustained period of time. It has a number of serious implications, such as reducing the purchasing power of currency, and even potentially leading to the collapse of an economy. It's not a new phenomenon, with some...
Revolutionizing the Financial Industries with Security Tokens: An In-Depth Look into Programmable Finance & Blockchain Technology
Security tokens are gaining tremendous traction in the financial services industry as they offer a range of advantages over traditional securities. Security tokens are digital assets that represent a stake in some external enterprise or asset and are issued on a blockchain platform. One of the main advantages of security tokens is that they benefit from the properties of the...
Signature Bank Closure: Crypto Industry Impact
Circle Internet Financial's $3.3 billion cash reserves problem was seemingly solved on Sunday when federal regulators promised that depositors of failed Silicon Valley Bank would be made whole. However, Circle's USDC stablecoin is still in danger due to the closure of Signature Bank, another key financial institution for the crypto industry and USDC. On Sunday, New York state officials...
U.S. Federal Authorities Consider Safeguarding SVB Deposits
Bitcoin prices rose above $21,400 after the Washington Post reported that U.S. federal authorities are considering safeguarding uninsured deposits at Silicon Valley Bank (SVB) should a buyer not be found for the institution, which collapsed last week following a $42 billion bank run. 85% of SVB depositors held money in accounts that were not FDIC-insured, meaning that without federal...
AI: Preparing for a Future of Collaboration
AI has seen a surge in use since the launch of OpenAI's ChatGPT, leading to fears of a future where humans are replaced by robots. However, while AI has the potential to automate certain tasks, it still requires human collaboration and intervention to function properly. This means that while AI can help to improve efficiency and productivity, it is...
Mind-Easy App: Self-Care for Busy Lawyers Like Entisar Bukair
Entisar Bukair, a lawyer from London, Ont., uses the Mind-Easy app on her phone for self-care and to destress. The app features an AI avatar named Olivia, who speaks to Bukair in Arabic and leads her through breathing exercises. Bukair was looking for an easy and regular way to take care of her mental health, and her friend suggested...
