Binance criminal settlement could include a $4 billion fine and CEO’s guilty plea
Nick Barclay / The Verge Binance owner and CEO Changpeng “CZ” Zhao has agreed to step down and plead guilty to breaking anti-money laundering laws, according to reports from The Wall Street Journal and Forbes. This comes as part of the major settlement the Department of Justice is expected to
Read MoreAmidst OpenAI chaos, Sam Altman’s involvement in Worldcoin is ‘not expected to change’
Sam Altman's involvement in crypto project Tools for Humanity, which is building Worldcoin, remains uninterrupted, per a source close to the project. © 2023 TechCrunch. All rights reserved. For personal use only.
Read MoreFord downsizes EV battery factory plan
Ford said Tuesday it will downsize its plans to build a factory in Michigan that makes cheaper lithium iron phosphate batteries using tech licensed from China’s CATL. The decision comes two months after Ford paused the factory project, known as the BlueOval Battery Park Michigan in Marshall; it’s also in
Read MoreGlobal executives report cloud has returned positive ROI over last two years, MIT research finds
Two-thirds of global executives report cloud has returned positive Return on Investment (ROI) over the last two years, new research from MIT Technology Review finds. The report by MIT Technology Review Insights, in partnership with Infosys Cobalt, examines how cloud capabilities play a vital role in accelerating the global economy’s
Read MoreCoffee Briefing Nov. 21 – Microsoft Ignite updates; Canadians want more AI training; SalvageData expands to Canada; and more
Coffee Briefings are timely deliveries of the latest ITWC headlines, interviews, and podcasts. Today’s Coffee Briefing is delivered by IT World Canada’s editorial team! Missed last week’s Coffee Briefing? We’ve got you covered. Microsoft announces new services and updates at Ignite Source: Microsoft At Microsoft Ignite, Microsoft introduced almost 100
Read MoreScreenshots show xAI’s chatbot Grok on X’s web app
Shortly after X announced its plans to test a three-tiered subscription service, X owner Elon Musk teased that his new AI chatbot, xAI’s Grok, would be part of the top-tier subscription, X Premium+. Now we’re getting a first look at what Grok may look like when launched inside the X
Read MoreHow the OpenAI fiasco could bolster Meta and the ‘open AI’ movement
It has been a whirlwind four days for OpenAI, the generative AI poster child behind the smash hit ChatGPT. Seemingly out of nowhere, the OpenAI board ousted CEO and co-founder Sam Altman and demoted president and co-founder Greg Brockman, who subsequently resigned, paving the way for what looked like a
Read MoreThe dynamic intersection of technology, leadership, and the financial landscape
Embark on an exploration into the intricate realm of fintech, where technology, leadership, and the financial landscape converge in a dynamic interplay. Unveiling the complexities that define this intersection, we seek to unravel the profound insights that shape the future of financial technology in navigating the ever-evolving landscape where innovation,
Read MoreBest practices for developing a generative AI copilot for business
Chris Ackerson Contributor Share on X Chris Ackerson, formerly of IBM Watson, is currently the Vice President of Product at AlphaSense, a market intelligence and search platform, where he spearheads the development of AI and ML capabilities to deliver better data and insights to thousands of enterprise companies. Since the
Read MoreHow does generative AI contribute to the sophistication of payment fraud schemes in South Africa?
The accessibility of generative AI tools has lowered the barriers for would-be criminals, while the transition to hybrid work models and geographically dispersed teams has expanded the attack surfaces they can exploit. In this context, the overlap of AI technology and the interests of financial leaders becomes increasingly significant. Numerous
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