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More than 2,600 tech leaders and researchers have signed an open letter urging for a temporary “pause” on further artificial intelligence (AI) development, fearing “profound risks to society and humanity.”Tesla CEO Elon Musk, Apple co-founder Steve Wozniak and a host of AI CEOs, CTOs and researchers were among the signatories
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Barr said the bank was a “textbook case of mismanagement.” And its government minders were well aware it had serious problems. In 2021, the supervisors found issues with its liquidity management, and in 2022, they determined an array of problems with board oversight, risk management and internal auditing, Barr said.
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“The whole reason that we've laid out the megatrends, and the reason that we think they're important to highlight, is that this set of technology innovations and the changes that they've been driving in society is what has brought us to this Web3 moment and the development of this crystal
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A recurring pattern of recent employee layoffs among tech giants reveals these companies are hedging against economic uncertainties. Despite the current economic conditions, a number of tech giants are still likely to embark on company layoffs even though they are turning profits. These layoffs have been ascribed to a slowdown in
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The United States commodities regulator received a crash course on decentralized finance (DeFi) on March 22. Crypto executives briefed the regulator on key issues affecting the space, including exploits, decentralization and digital identities.As part of a scheduled first meeting of the CFTC’s Technology Advisory Committee (TAC) in Washington D.C., members
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The next major line of defense is proper code auditing. This can’t merely be internal auditing done by the developers themselves. Instead, third-party services need to be employed that publish complete and transparent reports on any and all issues found within the code. These audits also need to be performed
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The partnership of the CFTC with the industry professional seems to be in stark contrast with the other US agencies, such as the SEC, which has presented itself very coldly towards cryptocurrencies. The Commodity Futures Trading Commission (CFTC) declared the former White House Official Carole House as the new chair and
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Despite a turbulent week for crypto following the downfall of Silicon Valley Bank (SVB) and Signature Bank, Bitcoin (BTC) market cap has managed to flip that of tech giant Meta.At the time of writing, data from Companies Market Cap shows Bitcoin's market cap has reached $471.86 billion, surpassing that of Meta’s
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The Commodity Futures Trading Commission (CFTC) has signaled receptiveness to the crypto and blockchain sector after including several executives from the space as part of its new Technology Advisory Committee (TAC). CFTC commissioner and TAC sponsor Christy Goldsmith Romero announced the updated membership via a public statement on March 13,
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