Japan Plans to Introduce Laxer AI Regulations than the European Union
Tech Updates: Legal Battle Looms for Twitter over Musk’s Mass Layoffs, Crypto Exchange Coinbase Benefits from Cboe’s Bitcoin ETF Application
Japan is looking to become a leading semiconductor manufacturer and boost economic growth by introducing more lax rules for the use of artificial intelligence (AI). They are aiming to have a new policy in place by the end of the year that is more in line with the U.S. approach than the European Union’s tight regulations.
Twitter Inc., now known as X Corp, is facing legal action from many ex-employees who were laid off after the company was taken over by Elon Musk. They have accused the firm of failing to provide severance pay and subjecting them to discrimination. Twitter Inc. has refused to negotiate with the former employees, who are now pursuing arbitration instead.
Microsoft Bing has been an early adopter of AI technology, incorporating it into their browsers to improve user experience. Bing Image Maker is powered by OpenAI’s DALL-E image generator and it facilitates image production with the help of text prompts. Read More
On Monday, U.S.-based crypto exchange Coinbase saw a 13% increase in share price after Cboe filed an application with the Securities and Exchange Commission to launch a spot Bitcoin exchange-traded fund. Cboe stated that Coinbase would help them monitor ETF manipulation.
