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EU Parliament Passes AI Draft Act to Regulate Growth and Use of Artificial Intelligence Technology

The EU is taking the lead with legislation for artificial intelligence as it passes its AI Act to minimize risks posed by the technology. The European Union (EU) Parliament has passed the EU AI Act to oversee the development and application of artificial intelligence in the region. On Wednesday, Parliament passed

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GameStop Partners with Telos Foundation to Support Web3 Gaming via Blockchain Technology

The partnership between GameStop and Telos Foundation will attract new users by leveling Web3 barriers preventing widespread adoption. Popular video game and merchandise retailer GameStop Corporation (NYSE: GME) plans to provide more Web3 games in collaboration with the Telos Foundation. The blockchain company powering the Telos blockchain will support GameStop’s plan

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Microsoft Reportedly to Invest Billions of Dollars in CoreWeave to Accelerate Availability of AI Technology

An unconfirmed report states Microsoft and CoreWeave have entered a business partnership worth billions of dollars, to support AI advancement. Microsoft Corporation (NASDAQ: MSFT) is reportedly diving deeper into the AI space and is partnering with specialized cloud provider CoreWeave on a deal worth billions of dollars. The tech giant is

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China Telecom Invests 3B Yuan to Establish Quantum Technology Group in Anhui Province

China Telecom has noted that the establishment of a quantum tech hub is in line with President Xi Jinping’s long-term tech adoption. China Telecom Corp Ltd (Hong Kong: 728), a Chinese telecommunications company, has announced plans to venture into the supercomputer quantum industry to streamline its services. According to the company’s

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Laos government reportedly prioritizes blockchain technology for digital transformation

On May 26, the Laotian government reportedly hosted the inaugural Ministerial Conference on Blockchain 4.0 Digital Transformation in the country’s capital, Vientiane. The conference, which was led by Laotian Prime Minister Sonexay Siphandone, was attended by blockchain experts and various leaders from the main economic departments within the country. Blockchain 4.0

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Blockchain technology platform Bakkt looks toward Europe after MiCA

The international regulatory environment for cryptocurrency is improving, and the company is eyeing a retail expansion on the continent, Bakkt chief product officer Dan O’Prey said. On the whole, O’Prey saw positive long-term trends.Speaking to Cryptox’s U.S. News Editor, Sam Bourgi, at Bitcoin 2023, O’Prey described Bakkt as prioritizing its

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