AI News

Coinbase launches “Based Agent,” a tool that lets developers create AI agents

October 28, 2024 1 min read

Coinbase, a leading player in the cryptocurrency exchange arena, has introduced an innovative AI tool named “Based Agent,” aimed at simplifying the process for developers to create AI agents. This launch comes in response to the increasing demand for AI functionalities in the crypto space. On October 26, Lincoln Murr, a developer at Coinbase, showcased the “Based Agent,” which allows users to set up AI agents in less than three

Mark Zuckerberg’s bold bet on the metaverse skyrockets his net worth to $201 billion

September 30, 2024 1 min read

Mark Zuckerberg’s bold leap into the metaverse has skyrocketed his net worth to an astonishing $201 billion, nearly six times what it was just two years ago, thanks to a remarkable 60% surge in Meta Platforms Inc.’s stock this year. Now the fourth richest person in the world, he stands behind titans like Jeff Bezos, Bernard Arnault, and Elon Musk. However, the metaverse is a hotbed of debate. While Zuckerberg

Coinbase completes the first-ever AI-to-AI cryptocurrency transaction

September 2, 2024 1 min read

Coinbase, the leading crypto exchange in the United States, accomplished the inaugural artificial intelligence (AI) to AI cryptocurrency transaction on August 30, 2024. This event emphasizes the increasing importance of AI in decentralized finance (DeFi) and its capacity to revolutionize transactions. Coinbase employed the Base Sepolia Network, renowned for its capacity to handle large amounts of data and its cost-effectiveness, to execute this innovative transaction. Through the utilization of Multi-Party

AI-crafted IDs are now bypassing crypto exchange security checks for a mere $15

February 7, 2024 1 min read

For just $15, AI-created IDs can now bypass security checks on crypto exchanges, providing criminals with a covert to hide their identities. Artificial intelligence (AI) is used by OnlyFake to create phony passports and driver’s licenses that look real, fooling KYC checks on a variety of crypto platforms. This service is available in 26 countries and takes crypto payments. A research showed how a British passport created via OnlyFake was

Alphabet’s Google is on trial in Boston over its uses of AI technology in key products that infringe on patents

January 9, 2024 1 min read

Alphabet’s Google is currently on trial in Boston before a federal jury on allegations that the processors it uses to power artificial intelligence (AI) technology in key products infringe on patents held by Singular Computing, which was founded by computer scientist Joseph Bates. According to Singular Computing, based in Massachusetts, Google stole Bates’ technology and used it to support AI features in products such as Google Search, Gmail, and Google

Cardano’s Charles Hoskinson Sounds Alarm on AI Scams Flooding YouTube

December 16, 2023 1 min read

Charles Hoskinson, the founder of Cardano, raised a red flag in a recent X (formerly Twitter) post about the increasing prevalence of AI-driven scams on YouTube. As artificial intelligence technology advances, Hoskinson sees a new frontier for fraudulent activities in the crypto space. He specifically pointed to a deep fake video on YouTube featuring himself promoting a fabricated ADA giveaway. Despite its initially convincing appearance, closer examination revealed the video

OpenAI Board Decides to Remove Sam Altman Due to Communication Issues

November 20, 2023 1 min read

The founder of ChatGPT and the face of OpenAI, artificial intelligence pioneer Sam Altman, had an unexpected turn in his career on Friday, November 17, when the OpenAI board decided to remove him from his roles as CEO and director. The action, which was called shocking, was attributed to Altman’s alleged inconsistent communication style. Even though Altman has made significant contributions to OpenAI—the company is currently valued at approximately $80

Disney Worries About AI-Driven Trademark Infringement

November 19, 2023 2 mins read

The Walt Disney Company, a global entertainment powerhouse, is facing an unexpected threat in the field of AI-generated art. A social media craze that uses Microsoft’s Bing AI imaging tool to create photographs of dogs in a “Pixar” style has piqued Disney’s interest. While the problem is not about the art itself, Disney is concerned about the unintended production of a trademark-infringing Disney-Pixar logo as a result of this AI

Meta dismantles the team responsible for its artificial intelligence (AI) initiatives

November 19, 2023 1 min read

The team responsible for supervising the creation and implementation of Meta’s artificial intelligence (AI) initiatives was purportedly dismantled by the social media behemoth. Reports state that employees of Meta’s responsible AI division have moved into a variety of positions within the business, many of them into the generative AI product division and some of them into the AI infrastructure team. Meta’s generative AI team was founded in February with the

Alibaba launches Tongyi Qianwen 2.0, an advanced large language model, to compete with US tech giants.

November 1, 2023 1 min read

Alibaba, the tech giant headquartered in Hangzhou, China, has unveiled its latest creation, Tongyi Qianwen 2.0, a large language model (LLM) that boasts impressive enhancements in understanding complex instructions, copywriting, reasoning, and the prevention of hallucinations. Alibaba’s move is part of the ongoing competition between the United States and China in the field of large language models as both countries vie for dominance in AI technologies, pitting Alibaba against American

President Biden’s Executive Order Sets New Standards for AI with a Focus on Consumer Welfare

October 31, 2023 2 mins read

President Joe Biden has taken a step in artificial intelligence (AI) by signing the first-ever executive order on AI in the United States. This executive order introduces a range of measures to ensure the safety and trustworthiness of AI technologies. The executive order is designed to have an immediate and tangible impact on AI development and use. It carries the full weight of the law to make AI technologies safer,

How London is Leading the Way in Artificial Intelligence

October 30, 2023 1 min read

Artificial Intelligence (AI) has become a transformative tool with far-reaching implications for businesses and human interactions. The United Kingdom, particularly London, is emerging as a key player in AI. Recent events like the AI summit dinner at Guildhall and the global AI Safety Summit at Bletchley Park show the nation’s commitment to unlocking the power of AI. Note that London has been a center of adaptation and innovation. The AI