Space and Time Secures $20 Million in Series A Funding to Enhance AI and Blockchain

August 27, 2024 Bitcoin.com

Space and Time Secures Million in Series A Funding to Enhance AI and Blockchain

Space and Time (SxT) Labs has announced the completion of a $20 million Series A funding round, led by Framework Ventures and supported by several prominent investors. SxT Labs disclosed that the funding aims to accelerate the company’s development of tools that bridge the gap between artificial intelligence (AI) and blockchain technology. Space and Time […]

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AI vs. human leadership: Debate over plan to govern Cheyenne with AI

August 27, 2024 Coin Telegraph

Coin Telegraph

AI technology could drastically reduce inequalities and expand access to services in local and state governments, many believe.

Artificial intelligence could soon be governing a city in the United States — at least if one American mayoral candidate has his way.

Victor Miller recently threw his hat into the ring for mayor of Cheyenne, Wyoming, pledging to manage the 65,000-person city exclusively with a generative AI bot he built himself — called VIC, or Virtual Integrated Citizen.

He argued that it could quickly scan heaps of municipal documents, summarize events and render error-free judgments in near real-time. Its rulings would also be objective — without fear of favor or influence from lobbyists — which would be good for democracy.

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Telegram issues official statement on Pavel Durov detention

August 26, 2024 Coin Telegraph

Arrest

The Telegram team said, "Telegram's CEO Pavel Durov has nothing to hide and travels frequently in Europe."

The Telegram messaging platform has issued what appears to be its first official statement concerning the detention of its CEO, Pavel Durov.

Durov’s status remains unclear as French authorities have so far reportedly refused to cooperate with the Russian embassy. As Cointelegraph previously reported, authorities in Paris are scheduled to give an official statement on Monday, Aug. 26.

Telegram’s official statement was posted on Aug. 25 at approximately 12:00PM PST, via the platform’s Telegram News channel. The company expressed its full-throated support for its CEO and wishes for a quick resolution to the situation.

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French authorities to issue statement on Pavel Durov’s detention

August 26, 2024 Coin Telegraph

Arrest

It remains unclear if Durov has been officially arrested or charged.

French authorities are scheduled to issue a statement on the detention of Telegram CEO Pavel Durov on Monday, Aug. 26.

The outspoken billionaire was reportedly detained at an airport outside of Paris on Aug. 24 by French authorities. While initial reports indicated he’d been arrested on a litany of charges related to the Telegram messaging app’s lack of moderation, as of Aug 25, there appears to be no official confirmation that Durov has been placed under arrest or charged with crimes.

According to a report from The Washington Post, authorities in Paris have confirmed that Durov has been “detained” and a statement will be issued on Monday, Aug. 26.

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The singularity: How AI could become the final boss whale of crypto

August 26, 2024 Coin Telegraph

artificial intelligence

World-renowned futurist Ray Kurtzweil says the singularity is coming sooner than expected.

Everyone from Elon Musk to the CEO of Google DeepMind has predicted that artificial intelligence will surpass human intelligence within a matter of decades. This scenario is often referred to as the AI singularity.

Big tech, academia, and governments around the world have started workshopping potential scenarios to deal with this hypothetical moment. While much has been written about the threat of a violent AI takeover, there’s little in the way of research concerning how a machine could corner the global economy.

Futurist Ray Kurzweil, a former Google researcher who’s considered a luminary in the field of technology, recently published a book entitled “The Singularity Is Nearer: When We Merge with AI.” In his text, he discusses what he views as our imminent future as the second-smartest beings on Earth.

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Breaking: Telegram CEO Pavel Durov allegedly arrested in France

August 24, 2024 Coin Telegraph

Arrest

Reports are trickling in via social media, but so far, we haven’t seen any official confirmation.

Telegram CEO Pavel Durov has allegedly been arrested in France on numerous charges related to his operation of the social messaging platform. This comes according to unconfirmed accounts via social media and unverified press reports.

According to the reports, Durov was arrested when his plane landed at the Bourget airport outside Paris. He allegedly faces charges of terrorism, trafficking, conspiracy, fraud, money laundering, and more.

In the wake of the reported, yet still unconfirmed, arrest, the TON cryptocurrency developed by Telegram has taken a more than 10 percent dip from its early Aug. 24 high of $6.86 to $6.07 as of the time of this article’s publication.

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DNA computing breakthrough could turn living cells into functioning blockchains

August 24, 2024 Coin Telegraph

Blockchain

Scientists built a DNA computer capable of playing chess.

In the not-so-far future it may be possible to run entire computer networks inside of living cells thanks to a recent breakthrough in molecular computing from scientists in the US.

According to research published on Aug 22., a team of scientists at North Carolina State University and Johns Hopkins University have built a functional DNA computer.

As Cointelegraph previously reported, DNA storage has been around for a while. But this may be the world’s first functional molecular computer capable of conducting both storage and compute functions via DNA — instead of using electricity, like regular desktop computers and smartphones.

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Big tech is prepping an explosive pivot to robotics

August 24, 2024 Coin Telegraph

artificial intelligence

The ten most valuable tech firms in the world are all involved in developing technology for the robotics industry.

The next big thing in the technology industry appears to be consumer robotics and there could be massive implications for both Main Street and Wall Street.

An analysis of the top ten tech firms in the world by market capitalization, their 2024 performance to-date, and what we’ve been able to glean about their current budgets indicates that big tech is ready to move beyond chatbots.

There are currently countless robots in the world. They’re used to build cars, stitch clothing, and even handle nuclear materials. But these specialized machines are purpose-built to perform specific tasks and typically not available or even useful to the average person.

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US, African Nations Discuss Responsible AI Use in Military Applications

August 24, 2024 Bitcoin.com

The United States is urging countries to collaborate on the responsible use of artificial intelligence (AI) in military applications. A senior State Department official, Mallory Stewart, emphasized the need for countries to agree on AI guidelines that align with international laws. Concerns about the potential negative consequences of AI in military applications, such as prolonged […]

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Elon Musk’s Twitter buyout is going so poorly that banks had to issue pay cuts

August 22, 2024 Coin Telegraph

Banks

The “hung” loans have led to bankers calling it the worst buyout since 2008.

There have been thousands of corporate buyouts in the 14 years since the 2008 banking crisis. And, according to the banks holding the loans, none of them have been worse than Elon Musk’s takeover of Twitter.

A report from the Wall Street Journal indicates that approximately $13 billion in loans used in the purchase of Twitter (now X) are stuck on banks’ balance sheets.

The typical practice for this type of debt financing is for banks to sell that debt to other investors. Since X is a private company, this practice allows investors who weren’t involved in the initial financing phase to become stakeholders.

Technology