OpenAI gets lukewarm response to customized AI offering
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OpenAI gets lukewarm response to customized AI offering

OpenAI has introduced the option of fine-tuning for GPT-3.5 Turbo, enabling artificial intelligence (AI) developers to enhance performance on specific tasks using dedicated data. However, developers have expressed criticism as well as excitement for the development. OpenAI clarified that through the process of fine-tuning, developers can customize the capabilities of GPT-3.5 Turbo according to their requirements. For example, a developer…

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FBI flags 6 Bitcoin wallets linked to North Korea, urges vigilance in crypto firms
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FBI flags 6 Bitcoin wallets linked to North Korea, urges vigilance in crypto firms

The Federal Bureau of Investigation (FBI) has flagged six Bitcoin wallets linked to North Korean state-backed hacking group Lazarus. The six wallets contain 1,580 Bitcoin worth $40 million believed to be hoarded from the various cryptocurrency hacks over the past year. The FBI in its investigation found that the Lazarus group moved approximately 1,580 BTC linked with several crypto exploits. These…

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Atomic Wallet faces lawsuit over $100M crypto hack losses: Report
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Atomic Wallet faces lawsuit over $100M crypto hack losses: Report

A group of disgruntled cryptocurrency investors have launched a class action against Atomic Wallet, which suffered a major breach and $100 million in losses in June. Dozens of high-net worth investors from Russia and the Commonwealth of Independent States are part of the class action against Atomic Wallet, the German business media agency bne IntelliNews reported on Aug. 21. The…

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Binance Australia Says It’s ‘Cooperating’ With Authorities Amid Regulatory Scrutiny
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Australian Central Bank Says Key Management Still a Challenge for Users in CBDC Pilot

The Reserve Bank of Australia (RBA) has wrapped up its five-month-long pilot program centered on a central bank digital currency (CBDC), termed the eAUD, which would serve as a digital counterpart to the Australian Dollar. The bank’s primary objective was to identify potential areas where the eAUD could positively impact the Australian economy. The results aligned with many of the…

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CBDCs seen offering faster settlements by 87% global securities firms: Citi survey
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CBDCs seen offering faster settlements by 87% global securities firms: Citi survey

Discussions around ways to shorten local settlement cycles within the next five years have got most securities firms eyeing local central bank digital currencies (CBDCs).  CitiBank’s latest edition of the Securities Services Evolution whitepaper highlighted India’s recent move to T+1 settlements, which ensures all trade-related settlements conclude within 24 hours of a transaction. As the United States and Canada, among…

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Hollywood studios offer new proposal for AI and data transparency to curb strike
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Hollywood studios offer new proposal for AI and data transparency to curb strike

The Alliance of Motion Picture and Television Producers (AMPTP) released details of its proposal for striking actors and writers on Aug.22, which included standards for the entertainment industry surrounding the usage of artificial intelligence (AI) and data transparency.  Under the proposed conditions, generative AI cannot be considered a writer. Therefore any created material cannot be considered literary or intellectually protected.…

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