China’s new AI regulations begin to take effect
The Chinese has government loosened its original guidelines for AI it released in April and scheduled them to take effect starting on Aug. 15.
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Chinese man sentenced to 9 months in prison for buying 13K in USDT
China has been harshly enforcing its crypto ban since the start of the year, cracking down on individuals and projects alike.
Pentagon forms ‘Task Force Lima’ to map generative AI for US defense
Task Force Lima will look into how artificial intelligence can be used across the U.S. defense, including warfighting capabilities.
Chinese police to crack down on crypto and deepfake AI
The move comes as several prominent Chinese blockchain executives have been arrested this year.
US and China AI-tech standoff shows signs of spreading to other countries
The ongoing spat between the United States and China over emerging tech like AI continues as U.S. President Joe Biden restricts investments.
Japanese startup to use stablecoins and CBDC to link Asian countries
Soramitsu is developing a cross-border payment system that uses Cambodia’s CBDCs and targets Japan, India, China and Southeast Asia.
Justin Sun Rejects Huobi’s Insolvency Rumors, Says the Exchange Will ‘Thrive’
Tron’s founder Justin Sun urged people to ignore the rumors that the cryptocurrency exchange Huobi is coping with severe problems following the alleged detention of some of its executives. The…
Weekend Wrap: Celsius’ Mashinsky fraud suit is on, Tether class suit dismissed and more
The former Celsius CEO has been denied a lawsuit dismissal, Tether celebrates a minor court victory and China vows to crack down on telecoms fraud using crypto and AI.
Huobi’s TVL drops to $2.5B amid rumors of insolvency, investigations in China
The exchange faces ongoing rumors about its stablecoins reserves and an alleged investigation by Chinese authorities.
Alibaba releases two open-sourced AI models to rival Meta’s Llama 2
The Chinese tech and e-commerce giant Alibaba revealed two new open-sourced AI models, Qwen-7B and Qwen-7B-Chat, to rival Meta’s recently-launched Llama 2.
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