Evidence is mounting that the new generative AI internet search tools provided by OpenAI, Google and Microsoft can increase the risk of returning false, misleading or partially correct information.   Despite the implications of this for the news industry and an informed democracy, the New Zealand government has decided to leave AI considerations out of […]

Image by Ledger Insights   The nation of Palau has contracted with DLT firm Soramitsu Labs to build a government bond issuance platform, the Nikkei reported. The Pacific island nation has a population of less than 20,000 who it is targeting as investors.   Soramitsu is best known as the developer of Cambodia’s Bakong, the […]

Image by Ledger Insights   Customers Bancorp operates a 24/7 DLT-based payment system, Customers Bank Instant Token (CBIT), which is used by many companies in the digital asset sector, including Galaxy Digital, Coinbase, Circle, Gemini and Kraken. Yesterday the U.S. Federal Reserve issued an enforcement action against the bank relating to weak risk management and […]

Over the past decade, virtual assistants powered by artificial intelligence, like Apple’s Siri and Amazon’s Alexa, have become integral to technologies such as smartphones and social media.   More recently, a new type of human-like chatbots are on the rise: AI romantic companions. Chatbots are AI-powered programs that engage with humans through text, voice and […]

In April, Reserve Bank of India Governor Shri Shaktikanta Das announced plans to expand its retail central bank digital currency (CBDC) pilot beyond banks. Last month the central bank said payment providers would join the digital rupee pilot this quarter. Now Reuters reported that five payment providers have applied, citing sources. They are Google Pay, […]

Image by Ledger Insights.   Thai digital money giveaway highlights programmable money challenges   At the start of August, Thailand opened the registration process for the 10,000 baht ($284) digital money giveaway that was part of an election pledge last year. This week the Senate approved a budget increase to fund the payments to less […]

Image by The Crypto Times   Andrej Karpathy, a former Tesla AI director and OpenAI co-founder, announced on July 16 the launch of Eureka Labs, a startup aimed at developing “a new kind of school that is AI native.”   The company’s goal is to leverage generative AI to create virtual teaching assistants, that can […]

On Friday Thailand’s Securities and Exchange Commission (SEC) opened applications for its Digital Asset Regulatory Sandbox. As with most sandboxes, the aim is to explore innovations in the sector which may not currently be allowed by legislation. The term “digital asset” is often usually broadly, but has a specific meaning in Thailand. It includes both […]

California’s Department of Motor Vehicles (DMV) has digitized 42 million car titles on a blockchain, according to the developer Oxhead Alpha and Ava Labs. The digitization is not on a permissionless blockchain. Instead, it is on a DMV-run blockchain, which we assume is an Avalanche subnet. Avalanche subnets are permissioned blockchains which have separate validators […]

Image by The Crypto Times A group of anonymous whistleblowers has reportedly filed a complaint against the AI company OpenAI, alleging that the company used illegal non-disclosure agreements (NDAs) to prevent former employees from warning regulators about the risks of AI technology. According to documents obtained by the Washington Post from Senator Chuck Grassley’s office, […]