While other regions flex their regulatory muscles for artificial intelligence (AI), Japanese regulators are loosening their grip over the local ecosystem in a valiant effort to attract investment. According to a report by Nikkei Asia, the Far East nation is seeking to lure leading AI companies to set up shop within its borders by adopting…
This month, Barcelona-based tech startup Brickken announced its selection to participate in the European Commission’s (EC) European Blockchain and Distributed Ledger Technologies (DLT) Regulatory Sandbox. The sandbox aims to accelerate the development of blockchain technologies and platforms by putting startups and regulators in pan-European countries in direct contact, to test new products and services in…
Get Email Alerts and Follow Us: Vladimir Putin proposed a new peace plan, rejected by the U.S. and Germany, demanding Ukraine withdraw its troops from the Donetsk, Lugansk, Kherson, and Zaporizhia regions. These areas voted to join Russia in 2022, a move not recognized by the West or Kiev. Putin’s conditions for peace also include…
A European privacy group has filed complaints against Meta (NASDAQ: META) in Germany, France and nine other countries over its plans to train its artificial intelligence (AI) models using users’ data. Austrian privacy rights activist group NOYB took aim at Meta over a recent change to its privacy policy that allows it to tap on…
The EU has often been accused of being slow-moving with a tendency to over-regulate industries. However, in the fields of both blockchain technology and artificial intelligence, it leads much of the rest of the world, quickly penning well-considered regulations to support innovation and mitigate risks. In yet another example of this trend, on May 24,…
The European Union (EU) could fine Microsoft (NASDAQ: MSFT) $2 billion over its failure to prevent AI hallucinations and deepfakes on its search engine Bing. In a recent statement, the European Commission said it was stepping up its enforcement action against the tech giant, which started in March. At the time, the Commission issued a request for information on how…
Get Email Alerts and Follow Us: As we look forward to the upcoming week, the economic calendar is set to be dominated by key readings on inflation. With preliminary European CPI reports and the Tokyo CPI in Japan scheduled for release, alongside the April PCEPCE stands for Personal Consumption Expenditures. It is a measure of…