The Kingdom of Saudi Arabia is poised to become a major player in the global race for artificial intelligence (AI) dominance. The New York Times reports that the Saudi Arabian government is seriously considering the creation of a staggering $40 billion investment fund dedicated to AI technologies. This ambitious initiative, spearheaded by the country’s Public…
On March 13th, the European Parliament made history by granting final approval to the EU AI Act, marking a pivotal moment as one of the world’s first comprehensive sets of AI regulations. This legislation aims to ensure trustworthy, safe, and respectful AI within the EU, prioritizing both innovation and the preservation of fundamental rights, according…
MetaMask, a popular cryptocurrency wallet, is reportedly testing a revolutionary payment solution: an entirely on-chain card that integrates with the Mastercard network. This collaboration, if successful, could bridge the gap between the cryptocurrency world and traditional everyday purchases. According to a Monday report by CoinDesk, citing promotional materials and a testing platform, MetaMask is partnering…
In a landmark move, Wyoming Governor Mark Gordon has signed into law a bill that grants Decentralized Autonomous Organizations (DAOs) legal standing within the state. This legislation, dubbed the “Wyoming Decentralized Unincorporated Nonprofit Association Act” (DUNA), positions Wyoming at the forefront of recognizing and embracing this emerging form of organizational structure. DAOs are internet-native organizations…
Nissan has taken a pioneering step by launching a one-of-a-kind metaverse experience called the “Heritage Cars & Safe Drive Studio.” This innovative project seamlessly blends the rich history of Nissan with interactive educational exhibits, all within the immersive realm of the metaverse. This new initiative marks the 90th anniversary of the Nissan Motor Co. and…
Andreessen Horowitz (a16z), a prominent name in Silicon Valley venture capitalism, is making a strategic pivot. The firm, known for its early bets on tech giants like Facebook and Airbnb, is reportedly placing a larger focus on Artificial Intelligence (AI) while seemingly hitting the brakes on further cryptocurrency investments. This news comes as a surprise…
The world of cryptocurrency is rife with innovation, but unfortunately, it also attracts scammers. A recent incident involving Humanized AI, a project promising to revolutionize AI’s understanding of human perception, serves as a stark reminder for investors to be cautious. Humanized AI offered HMZ tokens to users in exchange for their contribution to the project’s…
Amid the ongoing crypto summer, Bitcoin NFT sales have surpassed Ethereum. The action is driven by a sudden spike in Bitcoin Ordinals-based NFT collections, particularly led by the NodeMonkes collection. Bitcoin NFT sales saw an impressive 80% increase week-over-week, reaching $168.5 million. Notably, three of the top five best-selling NFT collections during this period were…
Binance has removed Nigeria’s official currency, the Naira, from its peer-to-peer service. The decision comes amid recent efforts by the Nigerian government to stabilize the value of the Naira. During a BBC interview aired on March 1st, Bayo Onanuga, the special adviser to President Bola Tinubu, disclosed the compensation request, highlighting it as a measure…
Hong Kong has announced a significant investment in artificial intelligence (AI) by allocating HK$3 billion (approximately $383 million) to its Cyberport business park. This multi-year scheme, announced by Financial Secretary Paul Chan during the 2024 budget announcement, aims to fuel Hong Kong’s digital economy by fostering innovation and collaboration within the AI sector. Cyberport, a…
