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AI took giant strides in 2024, as AGI comes into view

Amid a year of high points, challenges remain. How will AI developers deal with a looming data shortage, for instance?

Artificial intelligence enjoyed a banner year in 2024. The frontier technology captured awards, corralled investors, charmed Wall Street and showed that it could reason mathematically — even explaining differential equations

It also drew the attention of global regulators, concerned about privacy and safety risks. Others worried that AI might soon evolve into artificial general intelligence (AGI) and then artificial superintelligence — surpassing human cognitive abilities. Catastrophic scenarios were posited and discussed: bioterrorism, autonomous weapons systems and even “extinction-level” events.

Here are 10 of 2024’s AI highlights.

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Coinbase Users Are Losing $300M Annually to Scam Artists, Analyst Says

FTX’s Bankman-Fried Is Allegedly Using Alameda Funds to Pay for Legal Defense

FTX’s Bankman-Fried Is Allegedly Using Alameda Funds to Pay for Legal DefenseAccording to two sources close to FTX, Sam Bankman-Fried, the disgraced co-founder, gave his father, Stanford Law professor Joseph Bankman, millions of dollars. The funds are reportedly being used to pay for legal costs. The sources said that Bankman-Fried allegedly gave “at least $10 million” from the now-defunct quantitative trading firm Alameda Research to his […]

Coinbase Users Are Losing $300M Annually to Scam Artists, Analyst Says

New FTX CEO Told Members of Congress SBF’s Family ‘Certainly Received Payments’ From the Business

New FTX CEO Told Members of Congress SBF’s Family ‘Certainly Received Payments’ From the BusinessAccording to multiple reports, FTX co-founder Sam Bankman-Fried’s parents face scrutiny over their reported involvement with their son’s business operations. The two Stanford professors Joseph Bankman and Barbara Fried have not been charged with any wrongdoing, but the current FTX CEO, John J. Ray III, recently told members of the U.S. Congress that Joseph Bankman […]

Coinbase Users Are Losing $300M Annually to Scam Artists, Analyst Says

Fed’s Outgoing Vice Chair Richard Clarida’s ‘Rebalancing’ Trades Ignite Fed Trading Ethics Scandal

Fed’s Outgoing Vice Chair Richard Clarida’s ‘Rebalancing’ Trades Ignite Fed Trading Ethics ScandalMembers of the U.S. Federal Reserve are getting criticized this week after the central bank published its minutes report from the policy meeting on December 14-15. Following the update, the outgoing vice chair of the Federal Reserve’s trading activities has reignited ethics conversations. Richard Clarida’s Trades Under Scrutiny The U.S. central bank can shake up […]

Coinbase Users Are Losing $300M Annually to Scam Artists, Analyst Says

AOC Says She Doesn’t Hold Bitcoin so the Lawmaker ‘Can Do Her Job Ethically’

AOC Says She Doesn’t Hold Bitcoin so the Lawmaker ‘Can Do Her Job Ethically’Alexandria Ocasio-Cortez, otherwise known as AOC, is a New York representative well known for her political stances and statements. The Democrat believes that it is “absolutely wild” that U.S. representatives can buy and swap popular stocks. AOC also thinks it’s not ethical for members of Congress to own cryptocurrencies. AOC Doesn’t Hold Crypto Because She […]

Coinbase Users Are Losing $300M Annually to Scam Artists, Analyst Says

South African University to Commence Blockchain and Digital Currency Education in November

South African University to Commence Blockchain and Digital Currency Education in NovemberA South African university, the University of Cape Town (UCT) has revealed it will commence blockchain and digital currency classes starting in November. According to the institution, students that enroll and complete the $693 six-week course will be issued a legal certificate. Better Understanding of Blockchain As explained on UCT’s website, students that successfully complete […]

Coinbase Users Are Losing $300M Annually to Scam Artists, Analyst Says

After Fed Members Disclose Million-Dollar Stock Trades Fed’s Powell Initiates Ethics Inquiry

After Fed Members Disclose Million-Dollar Stock Trades Fed’s Powell Initiates Ethics InquiryThe Federal Reserve chairman Jerome Powell has directed his staff to start an ethics inquiry into the financial activities of Fed members, as a number of senior central bank officials are being questioned for their investments. Reports indicated last week that the president of the Dallas Federal Reserve branch, Robert Kaplan, benefitted from “multiple million-dollar-plus […]

Coinbase Users Are Losing $300M Annually to Scam Artists, Analyst Says