Top Tech News Today: Japan Aims for Economic Growth and Chip Leadership by Softening AI Regulations. Crypto Exchange Coinbase Benefits from Cboe’s Bitcoin ETF Application

Top Tech News Today:  Japan Aims for Economic Growth and Chip Leadership by Softening AI Regulations. Crypto Exchange Coinbase Benefits from Cboe’s Bitcoin ETF Application

Compared to the European Union, Japan is considering enacting stricter AI regulations

Good morning tech fam, here are some quick tech updates for you to catch on to!

What's New Today: Legal Battle Looms for Twitter over Musk's Mass Layoffs.

Fast-Track Insights: Crypto Exchange Coinbase Benefits from Cboe's Bitcoin ETF Application.

Compared to the European Union, Japan is contemplating implementing more lax laws for the use of artificial intelligence (AI). To boost economic growth and position itself as a global leader in cutting-edge semiconductors, the nation wants to make use of this technology. Japan wants to create an AI policy by the end of the year that, rather than following the tight guidelines promoted by the European Union, is anticipated to be more in line with the approach taken by the United States.

When Elon Musk took over the business, Twitter Inc. pushed its ex-employees to utilize arbitration to settle accusations that they were not compensated, weren't given the promised severance, or was subjected to discrimination. However, Twitter Inc. is now refusing to do so. many lawsuits have been filed against the organization that is now known as X Corp, accusing it of many labor and workplace infractions, including failing to compensate hundreds of employees who were laid off in the months after Musk's takeover.

With the release of ChatGPT the year before, artificial intelligence (AI) has moved to the forefront of current tools and platforms. Microsoft was an early technology adoption, including AI features in the Bing and Edge browsers to improve and simplify the user experience. One such tool is Microsoft Bing's AI image generator, which assists users in creating AI pictures. Bing Image Maker is powered by OpenAI's DALL-E picture generator and uses text prompts to simplify image production. Read More

 The largest U.S. cryptocurrency platform, Coinbase, saw a 13% increase in share price on Monday after exchange operator Cboe said that it was collaborating with the cryptocurrency firm to introduce a spot bitcoin exchange-traded fund. The U.S. Securities and Exchange Commission (SEC) received a new application from Cboe on Friday to create asset management for Fidelity's bitcoin exchange-traded fund. The cryptocurrency platform Coinbase was identified in the document as one that might assist the exchange in policing ETF manipulation.

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.

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