Pixel Penguin accused of ‘charity rug,’ Epic adds new NFT games and more…
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Pixel Penguin accused of ‘charity rug,’ Epic adds new NFT games and more…

The Pixel Penguin alleged ‘charity project rug’ Nonfungible-token (NFT) project Pixel Penguin has caused a stir this week in what a blockchain investigator ZachXBT has alleged is a “charity project rug.” The project quietly launched in February, but drew a lot of attention on May 31 following a Twitter thread from Web3 influencer Andrew Wang. I woke up today to…

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Australia asks if ‘high-risk’ AI should be banned in surprise consultation
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Australia asks if ‘high-risk’ AI should be banned in surprise consultation

The Australian government has announced a sudden eight-week consultation that will seek to understand whether any “high-risk” artificial intelligence tools should be banned. Other regions including the United States, the European Union and China have also launched measures to understand and potentially mitigate risks associated with rapid AI development in recent months. On June 1, Industry and Science Minister Ed…

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Japanese AI experts raise concern over bots trained on copyrighted material
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Japanese AI experts raise concern over bots trained on copyrighted material

Japanese artificial intelligence experts and researchers are urging caution over the use of illegally-obtained information to train AI, which they believe could lead to “a large number of copyright infringement cases,” job losses, false information, and the leaking of confidential information. On May 26, a draft from the government’s AI strategy council was submitted, raising concerns about the lack of…

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Winklevoss twins' crypto exchange Gemini to seek UAE crypto license
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Winklevoss twins’ crypto exchange Gemini to seek UAE crypto license

The Winklevoss-owned crypto exchange Gemini has announced that it has begun the process of acquiring a crypto service license for customers in the United Arab Emirates (UAE). In a May 31 blog post, Gemini cited increased enthusiasm for cryptocurrencies among citizens and positive conversations with regulators of the UAE as the reason for pursuing the license.  Additionally, Gemini co-CEOs Cameron…

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