Search Results for: Enterprises

Upbit Singapore Acquires Preliminary MAS Approval for Major Payment Institution Licence

On October 16, 2023, Upbit Singapore Pte. Ltd. (Upbit Singapore), secured an in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) licence, marking a pivotal step in the firm’s journey to fortify its digital asset venture in the region. This provisional approval allows Upbit Singapore to persist in … Continue reading Upbit Singapore Acquires Preliminary MAS Approval for Major Payment Institution Licence

Coinhouse Trims 15% Workforce Amid Crypto Sector Challenges

On October 13, 2023, French crypto exchange Coinhouse announced a 15% reduction in its workforce, following in the steps of another French unicorn, Ledger. This move primarily affects the web 3.0 department within the firm. Coinhouse CEO Nicolas Louvet, in an interview with BFM Crypto, clarified that the current downsizing does not relate to an … Continue reading Coinhouse Trims 15% Workforce Amid Crypto Sector Challenges

Vodafone DAB and Chainlink Labs Unveil Blockchain Solution to Streamline Global Trade

Vodafone’s Digital Asset Broker (DAB) and Chainlink (LINK) Labs have unveiled a proof of concept (PoC) in collaboration with Sumitomo Corporation and InnoWave. This initiative aims to tackle the inefficiencies entrenched in the mammoth $32 trillion global trade arena. The core of the demonstration lay in the fluid exchange of pivotal trade documents across varied … Continue reading Vodafone DAB and Chainlink Labs Unveil Blockchain Solution to Streamline Global Trade

SEC Commissioner Expresses Dissent on LBRY Case Outcome

On October 27, 2023, Securities and Exchange Commission (SEC) Commissioner Hester M. Peirce voiced her dissent regarding the commission’s litigation against blockchain firm LBRY, Inc. (“LBRY”). This litigation emerged from the SEC’s enforcement action initiated in March 2021, accusing LBRY of conducting an unregistered securities offering through its token sales. The federal district court ruled … Continue reading SEC Commissioner Expresses Dissent on LBRY Case Outcome

Former Sequoia Partner Michelle Fradin, Involved in FTX Investment, Joins OpenAI

Michelle Fradin, a former partner at Sequoia Capital known for her key role in the investment in FTX, has transitioned to a new position at OpenAI, where she will spearhead data strategy, acquisitions, and operations. This move marks a significant step in her professional journey, intertwining her expertise in venture capital with the rapidly evolving … Continue reading Former Sequoia Partner Michelle Fradin, Involved in FTX Investment, Joins OpenAI

Binance's MVB Accelerator Program Collaborates with CMC Labs to Launch Innovative Founder Track

The Most Valuable Builder (MVB) accelerator program, which is a collaborative project between BNB Chain and Binance Labs, has been in the forefront of supporting Web3 builders and fostering the development of the BNB Chain ecosystem ever since it was first introduced in 2021. This forward-thinking program, which is well-known for its intense accelerator structure … Continue reading Binance's MVB Accelerator Program Collaborates with CMC Labs to Launch Innovative Founder Track

Revive Elvis Presley with AI: A Next-Generation Tribute

Fans of Elvis Presley, the undisputed King of Rock ‘n’ Roll, are in for a groundbreaking experience with the upcoming virtual concert, “Elvis Evolution.” This innovative show, set to open in London in November 2024, marks a significant leap in entertainment technology, using artificial intelligence (AI) to bring the music legend back to life for … Continue reading Revive Elvis Presley with AI: A Next-Generation Tribute

EU Authorities Probe Bank-NBFI Ties, Including Crypto

Both the European Banking Authority (EBA) and the European Systemic Risk Board (ESRB) have begun an important inquiry into the complex ties that exist between conventional banks and non-bank financial institutions (NBFIs), which includes the cryptocurrency industry, which is undergoing fast development. A significant worry has been raised over the possible systemic hazards that might … Continue reading EU Authorities Probe Bank-NBFI Ties, Including Crypto

Understand JPMorgan's DocLLM: Enhancing AI-Powered Document Analysis

JPMorgan has recently introduced DocLLM, a transformative generative language model tailored for multimodal document understanding. This AI model represents a significant leap in analyzing complex business documents like forms, invoices, reports, and contracts, which often contain intricate semantics at the intersection of textual and spatial modalities​​. DocLLM stands out by strategically avoiding the use of … Continue reading Understand JPMorgan's DocLLM: Enhancing AI-Powered Document Analysis

Microsoft's OpenAI Investment Faces EU Merger Regulation Scrutiny

A recent notification made by the European Commission states that it will investigate Microsoft’s considerable investment in OpenAI in accordance with the EU Merger Regulation. This revelation illustrates the growing regulatory attention on big technological and artificial intelligence cooperation. Several competition authorities, notably those in the United Kingdom and Germany, have conducted a series of … Continue reading Microsoft's OpenAI Investment Faces EU Merger Regulation Scrutiny

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