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What's New Today: Thousands of people will lose their jobs when Meta and Alibaba launch the newest round of layoffs.
Fast-Track Insights: The international securities regulator released the first set of global norms for the crypto industry.
Microsoft Corp began making AI updates accessible to customers on Tuesday, including ChatGPT, its search engine Bing, and cloud services – a broad rollout aimed at closing the AI gap with Alphabet Inc's Google. Among the most significant modifications is the addition of live search results from Bing to ChatGPT, the popular chatbot from its partner OpenAI, whose replies were previously restricted to information as of 2021. ChatGPT can already pull from Bing online results for premium members and will soon do so for free users, according to the company's annual Microsoft Build conference.
Meta, a Facebook-owned firm, is planning another wave of layoffs as part of founder Mark Zuckerberg's objective of increased efficiency in 2023. Among other IT titans, Alibaba announced employment losses in its cloud segment but did not specify how many. Employees affected are scheduled to be contacted, according to the Washington Post, citing sources familiar with the situation. According to the Washington Post, the new round of layoffs will result in 10,000 job losses. Meta workers who work on trust and safety concerns in Meta's business divisions will be affected by the current round of layoffs.
If the goal of artificial intelligence is to replicate through a series of computer programs the way the human brain thinks, then when it comes to the field of robotics, it entails figuring out the best way to enable these machines to be able to make decisions based on the information they receive from their engineering, electronics, and, most importantly, computing. As a result of their mutual development environment. In truth, cybernetics is a highly complete science that combines several fields including e order to enhance the capabilities of these automata, AI, and robotics are becoming more and more entwined. Read More
The International Organisation of Securities Commissions (IOSCO) revealed on Tuesday the first worldwide strategy for regulating crypto assets and digital markets, relying on lessons learned from the collapse of the FTX exchange last year, which fueled consumer worries about consumer protection. As different governments follow their standards, the sector, which normally simply has to comply with anti-money laundering procedures, has been asking for a worldwide approach to regulation. Following a liquidity difficulty, crypto exchange FTX filed for bankruptcy in the United States in November.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
