The well-known cryptocurrency exchange Coinbase was found to have broken anti-money laundering regulations by not carrying out sufficient background checks, according to New York finance officials. Coinbase must spend an additional $50 million on enhancing its compliance program in addition to paying a $50 million fine to the New York …
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Popular stock trading software Trade Republic increases the interest rate on cash by 2%
Trade Republic, a German business, is more known for its mobile app that makes it easier to purchase and sell stocks, but it also offers interest on unspent funds. Users will earn 2% a year in interest on whatever cash they have in their Trade Republic accounts. I’m reminded of …
Read More »Hackers allege the Los Angeles Housing Authority was attacked with ransomware
Shortly after the LockBit ransomware group took ownership of a hack on the organization, the Housing Authority of the City of Los Angeles, or HACLA, said it is looking into a cybersecurity incident. On December 31, LockBit’s dark web leak site added HACLA, which offers more than 19,000 low-income families …
Read More »An open source replacement for ChatGPT is now available, but good luck maintaining it
It’s now possible to run the first open source alternative to OpenAI’s ChatGPT on your laptop, but good luck with that. PaLM + RLHF, a text-generating model that functions similarly to ChatGPT, was released this week by Philip Wang, the developer in charge of deconstructing closed-sourced AI systems like Meta’s …
Read More »How China is creating a parallel reality with generative AI
Chinese IT firms race to compete with Stable Diffusion and DALL-E 2, but obstacles remain. Everyone is thrilled about the future of AI because to the enormous technological advancement that machine learning models have demonstrated in recent months, but they are also concerned about its unfavorable effects. The potential of …
Read More »By banning TikTok, India created a “extremely important precedent,” according to the FCC Commissioner
“Bye-bye, giants. The FCC’s Brendan Carr cautioned that TikTok “operates as a sophisticated monitoring tool” and said that banning the social media app is the “logical next step in our efforts to safeguard communication networks.” The senior Republican on the Federal Communications Commission expressed concern that China could utilize private …
Read More »For devices that are no longer under warranty, Apple is raising the battery replacement service fees
Beginning in March 2023, Apple will charge more for replacing the batteries in out-of-warranty iPhones, iPads, and MacBooks. The price increase for various gadget types ranges from $20 to $50. Reddit users noticed the change and noted that Apple had subtly stated it on the repair pages for these devices. …
Read More »Tesla’s Q4 vehicle delivery total of 405,278 fell short of Wall Street projections
Tesla announced on Monday that it delivered 405,278 automobiles in the fourth quarter of 2022. Despite setting a record for deliveries, the manufacturer fell short of Wall Street’s forecast of between 420,000 and 425,000 cars delivered. The manufacturer of electric vehicles stated that 439,701 units were produced overall in the …
Read More »In China, Baidu has begun providing autonomous cabs at night
The Chinese internet behemoth Baidu, well renowned for its search engines, is making significant progress in the field of autonomous vehicles. The public will be able to use its robotaxis in Wuhan between 7 am and 11 pm starting this week without safety drivers in the drivers’ seats. Its unmanned …
Read More »TikTok Is No Longer The Most Popular Social Media Website
Google Maps, the world’s most popular website domain, as well as everyone else’s preferred search engine, were dethroned from the top spot late last year. The tech juggernaut was demoted to second place on Cloudflare Radar’s popularity list by a surprise (relative) newcomer. Despite the best efforts of authorities, TikTok …
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