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Nigerian Microfinance Bank Carbon Acquires Fintech Startup Vella Finance

Vella Finance, a Nigerian fintech startup, was recently bought by the microfinance bank Carbon. The acquisition of the fintech startup paves for Carbon to launch a new banking platform targeting…

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US Bans AI-Generated Voices Used in Scam Robocalls After Biden Impersonation Frauds

To crack down on fraudulent activities and safeguard consumer interests, the Federal Communications Commission (FCC) has officially prohibited using artificial intelligence-generated voices in unwarranted robocalls across the United States. This…

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Deepfake Alert: Fraudulent Crypto Platform Promoted in Doctored Clip of Andrew Forrest on Facebook

A doctored clip of Australian mining magnate and businessman Andrew “Twiggy” Forrest on Facebook represents the newest addition to a series of deepfakes hijacking images of figures in deceptive advertisements,…

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Meta’s Reality Labs Hits $1 Billion in Q4 Revenue Despite $4.65 Billion in Operating Loss

Meta’s metaverse unit – Reality Labs – recorded its most successful quarter to date despite sustaining significant financial losses. Its recently released Q4 report revealed that the division clocked over…

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VC Investment in Web3 and Artificial Intelligence (AI) Surpasses $637M in 2023: TenSquared Report

A significant challenge for AI lies in its potential to compromise privacy. Artificial Intelligence (AI) systems depend on vast amounts of data, which could be exploited for identity theft or…

Continue ReadingVC Investment in Web3 and Artificial Intelligence (AI) Surpasses $637M in 2023: TenSquared Report