Compared to the European Union, Japan Considers Enacting Tighter AI Regulations
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What’s new today: Twitter is facing a legal battle over Musk’s mass layoffs.
Fast Track Insights: Cryptocurrency exchange Coinbase benefits from Cboe’s Bitcoin ETF application.
Compared to the European Union, Japan is considering enforcing looser laws on the use of artificial intelligence (AI). The country wants to harness this technology to boost economic growth and establish itself as a global leader in cutting-edge semiconductors. By the end of the year, Japan wants to develop an AI policy that is expected to be in line with the US approach, rather than following strict guidelines pushed by the European Union.
When Elon Musk took over the business, Twitter called former employees to settle accusations that they weren’t compensated, weren’t given the promised severance pay, and were discriminated against. requested to use arbitration. However, Twitter currently denies this. accuse the organization, now known as the X Corporation, of numerous labor law and workplace violations, including failure to compensate hundreds of employees who were laid off in the months following Musk’s acquisition; Many lawsuits have been filed.
The release of ChatGPT last year brought artificial intelligence (AI) to the forefront of today’s tools and platforms. microsoft It was an early technology introduction. AI Function of Bing Edge browser to improve and simplify user experience. One such tool is Microsoft’s Bing AI image A generator that helps users create AI images. Bing Image Maker is powered by OpenAI’s DALL-E image generator and uses text prompts to simplify image creation. read more
Coinbase, the largest U.S. cryptocurrency platform, saw its shares rise 13% on Monday after exchange operator Cboe announced it was working with crypto firms to introduce a spot bitcoin ETF. . The U.S. Securities and Exchange Commission (SEC) received a new application from Cboe on Friday to create an asset management for Fidelity’s Bitcoin Exchange Traded Fund. Cryptocurrency platform Coinbase was identified in the documents as potentially helping exchanges in cracking down on ETF manipulation.
