The work of creating crypto- and investor-friendly legal frameworks in the United States continues. Thankfully for the web3 community, they have friends in high places. It’s been almost three years since Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC) released her updated Token Safe Harbor Proposal 2.0 — but she isn’t […]
UK gov’t touts $100M+ plan to fire up ‘responsible’ AI R&D
The U.K. government is finally publishing its response to an AI regulation consultation it kicked off last March, when it put out a white paper setting out a preference for relying on existing laws and regulators, combined with “context-specific” guidance, to lightly supervise the disruptive high tech sector. The full response is being made available […]
Spotify calls Apple’s DMA compliance plan ‘extortion’ and a ‘complete and total farce’
Count Spotify among those not thrilled with how Apple has chosen to comply with the EU’s Digital Markets Act (DMA), which sets the stage for sideloading apps, alternative app stores, browser choice, and more. On Friday, the streaming music company issued its response to Apple’s new DMA rules, calling the new fees imposed on developers […]
Microsoft launches a Pro plan for Copilot
Microsoft evidently envisions Copilot, the umbrella brand for its portfolio of AI-powered, content-generating technologies, becoming a significant future revenue line-item. And that’s perhaps not far off base; according to the company, more than 40% of the Fortune 100 participated in its Copilot early access program. But given the enormous cost of running GenAI models in […]
Bank of America: 90% of US Adults Surveyed Plan to Buy Crypto in 6 Months
A new Bank of America survey shows that out of more than 1,000 U.S. adults, 90% plan to buy crypto in the next six months. Moreover, nearly 40% of respondents revealed that they use cryptocurrency as a means of payment. Bank of America’s Crypto Survey Bank of America (BOA) analyst Jason Kupferberg shared his crypto […]