Automobile blockchain market sees a significant increase in adoption: report

    coingeek 2024-07-08 43965 views Trending
    Blockchain technology has come a long way, from its humble beginnings in 2009 to hogging the spotlight in recent years. Although the emerging technology has fallen behind artificial intelligence (AI) in recent years, blockchain use cases in the automobile sector are poised to reach new highs.

    Germany losing out in AI race, KfW bank says

    coingeek 2024-07-05 35789 views Trending
    ​Germany has failed to keep up with global artificial intelligence (AI) leaders, and the gap is widening, says the country’s state-owned development bank KfW.German scientists have been researching AI for decades and have made significant contributions to the industry. However, this expertise has failed to translate into real-world applications, says Fritzi Köhler-Geib, the chief economist at the Frankfurt-based bank.

    BIS: Central banks must raise their game to keep pace with AI

    coingeek 2024-07-04 47302 views Trending
    ​Central banks must embrace artificial intelligence (AI) and leverage it to “sharpen their analytical tools,” says the Bank for International Settlements (BIS) in its first comprehensive AI report.

    ECB issues first digital euro ‘preparation phase’ progress report

    coingeek 2024-07-03 58897 views Trending
    The European Central Bank (ECB) has published the first report on its digital euro preparation phase, including updates on offline functionality, holding limits and the tender process for digital euro component providers. Privacy was also highlighted, following on from a June 13 blog published by the ECB on how to make the digital euro “truly private.”

    Middle East in strong position for AI innovation: report

    coingeek 2024-07-02 45748 views Trending
    While there is a noticeable gold rush for artificial intelligence (AI) globally, enterprises in the Middle East are matching the zest of their counterparts in other regions in integrating AI into their processes.

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

    coingeek 2024-07-01 41309 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 43866 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 69321 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 65780 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 61923 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 35143 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 59179 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).

    Hong Kong Treasury chief: We’re leading in Web3 with digital currency ETFs, enabling regulations

    coingeek 2024-06-20 71468 views Web3
    ​Hong Kong has become a premier global destination for Web3 and digital assets, with its approval of digital currency ETFs and favorable regulations opening up new opportunities for investors and innovators, says the region’s top finance official.

    US advocacy group seeks ties with India on pending tech regulations

    coingeek 2024-06-19 56180 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 80018 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 42830 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 62368 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 63376 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 62730 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 36937 views Trending
    U.S. antitrust enforcer Jonathan Kanter said regulators must urgently examine the AI sector to prevent potential monopolies.

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