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As Bitcoinist news platform reports, a potent combination of unbridled money printing and rapid AI commercialization is setting the stage for a game-changing cryptocurrency bull run unlike anything seen before, according to top analyst Arthur Hayes. In a thought-provoking interview last week, the co-founder of BitMEX explored how these two
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The global chip shortage has gone from bad to worse, bringing entire industries to their knees while creating golden opportunities for companies racing to increase production. As AI models explode in size and ambition, their ravenous hunger for computing power strains the limits of current infrastructure. GPU shortages lead to
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The Chinese government imposes extensive censorship and surveillance on the internet accessed by citizens within China's borders. This system of censorship and technological controls is often referred to as the “Great Firewall of China.” The Great Firewall blocks access to many foreign websites, monitors citizens' internet activity,
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Can AI systems exhibit real human bias? That's the provocative question raised by researchers in Berlin, who have developed a new large language model called OpinionGPT that can generate biased outputs on demand. The team from Humboldt University claims OpinionGPT is able to respond to prompts as if
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In a monumental acquisition that will send shockwaves throughout the cryptocurrency industry, financial technology firm Ripple has purchased Nevada-based Fortress Trust. This gives Ripple access to a coveted Nevada custodial trust license, allowing it to offer custodial services for digital assets within the state. With this latest purchase, Ripple continues
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PayPal's recent launch of its own U.S. dollar-backed stablecoin, PayPal USD (PYUSD), marks a pivotal moment for cryptocurrency going mainstream. The move by this prominent payments company taps into an expansive existing financial infrastructure and large customer base, while also embracing future digital payment rails. But is
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At the G20 leaders' summit hosted by India on September 9-10, 2023, the agenda is focused on reviving strong, sustainable, balanced and inclusive economic growth globally. This comes at a challenging time amid the lingering impacts of COVID-19, war, sanctions, inflation and climate change threatening development momentum. However, under
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A controversial move by a faction of NFT holders from the leading NounsDAO project is causing shockwaves across the crypto community. In just one week's time, owners of 25% of all Nouns non-fungible tokens (NFTs) will split from the main group and divide up a portion of the
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Have you checked your credit score recently? If it's lagging in the low 600s, you may be missing out on lower interest rates and better loan options. According to Ted Rossman, senior industry analyst at Bankrate, once your score reaches the mid-700s, you've hit the credit
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Last month, a new alliance was forged between two titans of enterprise software - Accenture and Workday. Their expanded collaboration aims to reinvent corporate finance functions through cloud-based solutions infused with artificial intelligence. This partnership foreshadows immense change on the horizon for how businesses worldwide operate. Accenture and Workday are
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Last week, Chinese fintech giant Ant Group announced an ambitious foray into financial AI services. The company unveiled an AI model tailored for banking and investing use-cases and plans to integrate it into consumer and business apps. While Ant framed it as an innovation, some observers expressed concerns given China&
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Last month, a raft of innovations were unveiled at the annual Equipment Finance Advisor convention in Las Vegas. Cutting-edge technologies like AI-enabled lending platforms and VR-based client portals grabbed headlines. However, behind the flashy demos lies a mundane truth: much of the industry still runs on paper. Despite digitization elsewhere,
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Last week, the head of one of the world's largest climate philanthropies called for increased innovation in financing environmental projects. His remarks come as the World Bank pursues reforms to better address the climate crisis. Andrew Steer, CEO of the $10 billion Bezos Earth Fund, said development banks
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India is hosting the G20 summit this weekend, putting the country's growing power on global display. However, beneath the veneer of optimism lies deepening religious tensions that jeopardize the nation's aspirations. Last month, deadly sectarian violence erupted in Nuh, the district housing the luxurious golf resort
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When government leaders gather in Dubai this November for the COP28 climate talks, they will face rising pressure from the business community to turn rhetoric into results. At the Reuters IMPACT conference this week, executives delivered a clear message: the time for empty promises is over. Companies Push for Faster
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Taiwan recently announced a public hearing to establish guidance for regulating virtual asset platforms and businesses. The proposed framework focuses on critical areas like token issuance oversight, asset segregation, transparency, and investor protection. Taiwan's Financial Supervisory Commission (FSC) will host the hearing to finalize its "Guiding Principles