Fintech News

Silvergate Bank readies job cuts and NYSE delisting proceedings

Silvergate Bank prepares for staff reduction as it commences NYSE delisting process

Silvergate Bank’s parent company, Silvergate Capital, is set to be delisted from the New York Stock Exchange, and 230 of its staff will be let

China continues to forge ahead with its digital yuan adoption plans

Chinese province announces plan for widespread adoption of digital yuan

China continues to forge ahead with its digital yuan adoption plans, with the latest move seeing the CBDC being integrated into the education and public

US Vice President Kamala Harris met with CEOs from AI leading companies

White House meets AI leaders to discuss societal protection

On Thursday, United States Vice President Kamala Harris met with CEOs from leading companies to reaffirm the country’s commitment to promoting responsible artificial intelligence (AI)

Amnesty International has come under fire for using artificial intelligence (AI)

AI-generated images of Colombian protests scrapped by Amnesty following backlash

Amnesty International, a global human rights advocacy group, recently retracted artificial intelligence (AI) generated images used in its campaign to raise awareness about police brutality

Google's AI Efforts Coalesce Around DeepMind

Google Unites AI Teams Under DeepMind’s Leadership

Alphabet, Google’s parent company, has launched a new AI-focused group, Google DeepMind, which combines its existing DeepMind and Brain teams. This move is expected to

Tesla CEO Elon Musk is reportedly creating his own artificial intelligence company

Elon Musk Goes Head-to-Head with OpenAI, Launches New AI Company

Tesla CEO Elon Musk is reportedly in the process of creating his own artificial intelligence company, X.AI Corp, which will reportedly compete with OpenAI’s ChatGPT.

Meta Explores AI as the Key Driver for Its Development After Metaverse Ambitions Fall Short

Meta Introduces Advanced AI Technology for Identifying and Separating Image Items

Meta, the social media giant, has shifted its focus to artificial intelligence (AI) as its primary driver for development after its metaverse ambitions fell short.

US President Joe Biden has emphasized the importance of ensuring the safety of artificial intelligence

US President Biden Demands Tech Companies Address AI’s Negative Impacts

US President Joe Biden has emphasized the importance of ensuring the safety of artificial intelligence (AI) before its release to the public. During a meeting

El Salvador's President Nayib Bukele

El Salvador’s President Prepares to Eliminate Taxes on Tech and AI

El Salvador’s President Nayib Bukele has announced a groundbreaking plan to abolish all taxes on technology innovation, computing, artificial intelligence (AI) development, and communication hardware

The UAE plans to issue its own CBDC

UAE to Introduce Central Bank Digital Currency (CBDC) to Boost Digital Payments

The UAE’s plan to issue its own CBDC is expected to become a major step forward in the region’s digital transformation efforts. The central bank’s

35 central banks around the world were exploring CBDCs

CBDCs and the Future of Money: How They Could Disrupt the Financial Industry

The world of Central Bank Digital Currencies (CBDCs) is quickly gaining traction. In May 2020, only 35 central banks around the world were exploring CBDCs,

quantum computers to crack codes

Chinese research team claims success in decrypting data with quantum computers

Chinese scientists have asserted that they utilized quantum computers to crack the RSA encryption employed by numerous industries, including banking, mobile phones, and data storage.

Spain CBDCs

Spain’s central bank will test wholesale CBDCs

The Bank of Spain (BDE) has declared its intention to initiate an experimental program to investigate the potential of Central Bank Digital Currencies (CBDCs) and