Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. OpenAI faces new accusations from the Federal Trade Commission (FTC) for deploying large artificial intelligence (AI) models that are biased, deceptive, disrupt privacy, and violate public safety laws. FTC Proposes an Immediate Halt… Continue reading ChatGPT Creator OpenAI Slammed by FTC for Violating Privacy and Public Safety Laws
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Nikola stock (NYSE: NKLA) fell over 6.5% yesterday after the company announced a $100 million capital raise, its second round of stock sale in less than a year. Citi is the sole book-running… Continue reading Nikola Stock Sinks after Announcing Yet Another Capital Raise
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. More than 1,300 tech leaders, including Elon Musk, have signed an open letter calling for a pause on experiments on artificial intelligence (AI) systems for six months, citing severe risk to humanity and… Continue reading Elon Musk and Other Tech Executives Calls for Pause on All AI Experiments
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Federal prosecutors have charged Sam Bankman-Fried, a former co-founder of FTX, with paying $40 million in bribes to a Chinese government official. However, the alleged bribery was an attempt to unfreeze accounts belonging… Continue reading Former FTX Co-Founder, Sam Bankman-Fried, Accused of Paying $40 Million in Bribes to Unfreeze Alameda Research Accounts by Chinese Government Official
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. United States-based cryptocurrency exchange Kraken has become the first top crypto company to return to Formula 1 racing this year after signing a deal with the Williams Racing F1 team. As part of… Continue reading Kraken Team Up With Williams Racing in F1 Crypto Deal
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Lucid Motors (NYSE: LCID) would lay off around 1,300 employees and reduce its workforce by 18% as the EV (electric vehicle) company grapples with slowing growth and perennial cash burn. In a leaked… Continue reading Lucid Motors Announces Layoffs amid Slowing Growth
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. The Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Binance and its CEO Changpeng Zhao over the alleged sale of unregistered derivatives to crypto investors in the United States. Details of… Continue reading CFTC Sues Binance and Its CEO Zhao Over Alleged Evasion of Regulatory Law
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Michael Kagan, Nvidia’s Chief Technical Officer, has voiced concerns about the use of cryptocurrencies in society. He believes cryptocurrencies have no societal value and AI applications, such as the chatbot ChatGPT, are more… Continue reading Nvidia CTO Michael Kagan Skeptical about Cryptocurrencies: Prioritizing AI and Gaming
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Ahead of the highly anticipated shift in licensing regime for crypto exchanges scheduled for June, cryptocurrency companies based in Hong Kong have surprisingly found a source of potential support in China owned-banks. A… Continue reading China-based Banks Extend Friendly Hands to Crypto Firms in Hong Kong Despite Mainland Ban
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Elon Musk, who bought Twitter last year and took it private, has now reportedly cut the valuation by over half to a mere $20 billion but sees the social media company’s valuation eventually… Continue reading Musk Reportedly Cuts Twitter Valuation in Half but Sees It Rising Over Ten-Fold
