Australia’s central bank has completed it’s pilot of a central bank digital currency (CBDC) exploring use cases for a potential e-AUD, finding its useful in four main areas including enabling complex payments and asset tokenization. The Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC) unveiled their findings in an Aug. 23 report that also detailed…
In a new gameplay trailer released Tuesday, CD Projekt Red (CDPR) revealed a major overhaul and new features coming to the open-world action game Cyberpunk 2077 and its new expansion, Phantom Liberty. Along with a new Dogtown district in the futuristic game world, Cyberpunk 2077 is receiving a significant—not to mention free—update that completely changes the massive RPG to its…
OpenAI is on a roll, announcing back-to-back upgrades that allow users to customize two of its buzziest AI models. The company revealed last month that ChatGPT users can now provide “custom instructions” to personalize the chatbot’s responses. Now, OpenAI announced that fine-tuning is available for GPT-3.5 Turbo, allowing AI developers to achieve improved performance on specialized tasks through specialized data.…
Xiao Yi was accused of abuse of power and corruption in operating a $329 million Bitcoin mining enterprise. Source: https://cointelegraph.com/public/index.php/news/chinese-official-sentenced-life-prison-bitcoin-mining-corruption
MidJourney, a prominent generative AI image creation tool with an annual subscription cost of around $100, has announced the release of its latest feature. Called “Vary (Region),” this new addition allows users to engage in inpainting—a process that edits elements within an image’s canvas. The Vary feature gives users the ability to select specific portions of an image and modify…
The digital age has seen its fair share of revolutions, but none quite as transformative as the rise of artificial intelligence. A recent report by the Microsoft-owned, job-oriented social media service LinkedIn explores the profound impact that AI—especially generative AI—is having on the global job landscape. The numbers alone are compelling. Since November 2022, global English-language job postings mentioning AI…
A federal judge has sentenced former nonfungible token (NFT) marketplace OpenSea product manager Nathaniel Chastain to 3 months in prison for wire fraud and money laundering related to insider trading on the platform. In an Aug. 22 announcement from the United States Department of Justice, U.S. Attorney Damian Williams said Chastain had been sentenced to 3 months in prison, 3 months…
A federal judge on Friday sided with the U.S. Copyright Office, ruling that images created by AI are not eligible for copyright protection—at least not as works attributed to the AI itself. According to a report by the Hollywood Reporter, Judge Beryl Howell handed down the decision in the case of Stephen Thaler, the CEO of neural network firm Imagination…
OpenSea’s former head of product was sentenced to three months in prison on Tuesday for using inside knowledge at the NFT marketplace to flip assets featured on its homepage. Nathaniel Chastain, who was once responsible for deciding which NFTs would be given a prominent spot on OpenSea as part of his job, was convicted of fraud and money laundering in…
There are now more daily transactions on Ethereum layer-2 Base, which was incubated and launched by Coinbase, than on Ethereum—fueled in large part by the hype around social app Friend.tech. The latest data from digital asset analytics platform Artemis Terminal shows that daily transactions on Base hit 1.37 million yesterday while on Ethereum, they stood at little over 1 million.…
