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South African Fintech Firm Raises $7.5 Million to Expand Financial Inclusion

[Aug 30 7:30 AM] Omnisient, a South African fintech startup, secured a $7.5 million Series A investment from Arise to support its mission of enhancing financial inclusion across Africa and beyond. The investment will help Omnisient expand its technology to African…

EU AI rules stifle innovation, Meta and Spotify CEOs warn

[Aug 24 10:01 AM] Zuckerberg and Ek’s concerns highlight the need for balanced regulation of emerging technologies.

Colombia's Regulator Notifies Worldcoin of Alleged Data Violation

[Aug 22 6:33 PM] Worldcoin is currently collecting data of individuals with its Orb device in 25 locations of the Latin American country.

Meta to Appeal Nigeria’s $220 Million Data Privacy Fine

[Jul 21 11:30 PM] Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) has fined Meta (formerly Facebook) $220 million for alleged data privacy violations. The investigation centered on Whatsapp LLC and Meta’s failure to allow users to consent to…

Metamask Updates Privacy Policy, Explains When It May Process Users’ IP Addresses

[Jun 19 1:17 AM] Metamask, the popular Ethereum wallet, has updated its privacy policy. The update provides users with greater transparency and control over their personal data, specifically concerning IP address processing. According to the new policy, Metamask…

Artificial Intelligence Technology Brings Benefits, Risks to Banking: Bank of America

[Nov 21, 2023 5:01 AM] AI has the potential to improve productivity and enhance bank returns, the report said.

IMF Publications’ Report Highlights Growing Risks of Generative AI in Financial Sector

[Sep 12, 2023 10:30 AM] As artificial intelligence (AI) continues its expansion into the finance sector, a new report published on the International Monetary Fund (IMF) Publications web portal cautions about risks associated with the latest AI capabilities in the…

Study: Generative AI Could Add Trillions to Global Economy

[Jul 31, 2023 3:30 PM] A new report by McKinsey & Company suggests generative artificial intelligence (AI) technologies could boost global economic output by trillions of dollars annually. The study, titled “The Economic Potential of Generative AI” and…

Judge Upholds Confidentiality of FTX Customers’ Identities, Citing Security Concerns

[Jun 10, 2023 12:00 PM] In the FTX bankruptcy case, the presiding judge John Dorsey has ruled to maintain the confidentiality of individual customer identities, according to a recent decision on Friday. Dorsey emphasized the importance of safeguarding these clients…

5 emerging trends in deep learning and artificial intelligence

[Apr 22, 2023 7:07 AM] Explore five emerging trends in deep learning and artificial intelligence: federated learning, GANs, XAI, reinforcement learning and transfer learning.

Silicon Valley Bank Failure Highlights Dangers of Fractional-Reserve Banking

[Mar 12, 2023 2:30 PM] After the failure of Silicon Valley Bank (SVB), a great deal of Americans are starting to realize the dangers of fractional-reserve banking. Reports show that SVB suffered a significant bank run after customers attempted to withdraw $42 billion…