Kyrgyzstan launches into crypto: launch of National Stablecoin with Binance

Kyrgyzstan has introduced a national stablecoin and central bank digital currency with the help of cryptocurrency exchange Binance, as announced by President Sadyr Japarov. The country, which has around 7 million inhabitants, aims to become a cryptocurrency leader in Central Asia. A stablecoin named A5A7, backed by the Russian ruble, is facing sanctions from Western…

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Meta Announces AI Lab Layoffs—600 Staffers Affected

Top line Meta to lay off around 600 employees at its superintelligence labs, according to multiple reports citing an internal memo from the company’s AI leader. The layoffs would reportedly not impact the company’s division developing next-generation AI models. AFP via Getty Images Key facts The reductions, first reported by Axioswould target certain divisions of…

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Elon Musk Launches AI-powered Grokipedia to Compete with Wikipedia

NEED TO KNOW Elon Musk competes with Wikipedia by launching an alternative to the AI-generated online encyclopedia called Grokipedia Service insights are entirely AI-generated Grokipedia has previously been accused of copying Wikipedia content verbatim Elon Musk uses artificial intelligence to create an alternative to Wikipedia. Monday October 27, the 54-year-old billionaire launched his new website…

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Japan target Google on an alleged research monopoly on Android devices

The Japan fair trade committee has ordered GoogleAn alphabet unit (Nasdaq: Goog), to stop certain commercial practices deemed anti -competitive under the country’s antimonopolis law. The Watchdog announced the order on Tuesday, declaring that Google had violated the regulations linked to unfair commercial behavior. The agency initially opened its investigation on October 23, 2023 and…

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