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Good morning tech fam, here are some quick tech updates for you to catch on to!
What's New Today: Meta launches a new AI-driven speech translator for languages that are primarily spoken, and not written!
Fast-Track Insights: A new, secret crypto bill is being circulated that can raise the dominance of the DeFi industry.
Meta AI launched its AI-driven universal speech translator, which aims to create AI systems that power real-time speech-to-speech translation across all languages, especially for those that are primarily spoken and not written. While launching it, the company claimed that it is open-sourcing the system so that people can use it for more languages. Meta also claims that it is the first AI-powered translator which can translate Hokkien, a Chinese language that is majorly spoken, and not written.
Adobe reveals its prototype AI project at the Adobe Max 2022 event that can convert a still image of a person into an entirely animated one. All that the users have to do is load a full-body picture into the Project Motion Mix software, and the system will turn that individual into an AI-controlled doll, making the person dance to its tunes! However, the project is still a prototype and Adobe has not mentioned anything about launching it for commercial purposes.
The rising number of cyberattacks on the digital supply chain is becoming increasingly efficient for the growth and development of the security startups. The global sales of security technologies have risen incredibly and are expected to become double in volume by 2026. Supply chain attacks are growing and have become a part of our daily lives, hence, the need to possess ultra-advanced security systems is also on the rise, booming security startup economy.
Germany has become the most favorable crypto economy in the world for Q3 2022. The US, which was the joint top-rank holder from the last quarter has fallen six places to rank seventh on the top crypto economy list, states the report. Germany, even though is not a tax-haven, is definitely considered to be one of the strongest all-around traditional-tax crypto economies that abundantly reward long-term crypto holders.
The crypto industry is secretly circulating a bill which can contribute to the boom of the DeFi industry. Earlier, the industry advocated that this same bill can actually kill the dominance of the DeFi industry. But since the new draft of the Digital Commodities Consumer Protection Act (DCCPA) bill has started to circulate online, with some commentators suggesting that it could eventually turn into a positive thing for the crypto economy.
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