Top Tech News Today: Google’s Gemini to Rival ChatGPT and Bing AI, Leaving Bard Behind. Europe Ahead of US in Crypto Regulation, SEC Commissioner Warns

A text-only model, ChatGPT can read and write text. Gemini has more kinds of apps than ChatGPT.

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

What's New Today: Streaming Platform of Disney Sees Four Million Subscribers Leave!

Fast-Track Insights: Europe Ahead of US in Crypto Regulation, SEC Commissioner Warns.

At the Google I/O event on May 10, Google made some intriguing and noteworthy announcements. Along with introducing the eagerly anticipated Google Pixel 7a and Pixel Fold, the tech giant also displayed its most recent AI developments. The imminent release of the Gemini language model is one of the most significant advances. Even though Google already has Bard, Gemini is anticipated to perform better than ChatGPT and BingAI because of its distinct capabilities. Gemini's multimodal capabilities, distinguishing it from its forerunners, are one of its main advantages.

The Walt Disney Company's flagship streaming service, Disney+, lost four million members in the second quarter that ended on April 1 as it approaches its third wave of layoffs, according to a report by IANS. In Q2 of 2023, the business recorded 157.8 million subscribers, down from 161.8 million in the prior quarter. Disney+Hotstar, which lost 8% of its subscriber base from 57.5 million in the first quarter to 52.9 million in the second, was blamed by the corporation for this decrease.

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Hester Peirce of the Securities and Exchange Commission has cautioned that without regulations to control the markets for crypto assets, the US runs the risk of slipping behind the EU and the UK. The top Republican member of the US stock market regulator said standards outlined by Brussels and London might serve as a guide for Washington legislators while speaking at the Financial Times' crypto and digital assets event. The Markets in Crypto Assets (Mica) law, a comprehensive set of new regulations created by the EU, is anticipated to take effect in 2019.