Kenya’s data protection agency filed a lawsuit with the High Court of Kenya, asking the court to force Worldcoin to safeguard and store the data it collected from Kenyan individuals until investigations are complete, according to local media reports. The
EY, a member of the Big Four accounting firms, recently tested an artificial intelligence system on its UK audit clients’ accounts, yielding remarkable results. In the trial, as reported by the Financial Times, EY’s AI system detected fraudulent activities in
FTX, the defunct cryptocurrency exchange, has temporarily halted user accounts linked to Kroll, its bankruptcy claims agent, following a troubling cyber breach. While seemingly necessary for safeguarding users, this decision raises questions about crypto firms’ broader vulnerabilities in an era
A recent study by Research and Markets indicates that social media platforms are the top users of generative artificial intelligence (AI), which is still reaching incredible new heights in its adoption. Artificial intelligence (AI) is a rapidly evolving field changing
The EU Parliament passed the much-awaited AI Act last week, making it the first major jurisdiction in the world to introduce comprehensive rules for the sector, but compliance could prove tough for startup companies new to regulation. While aspects of
The U.S. Securities and Exchange Commission settled charges with two investment advisers over “false and misleading” statements about their use of AI, or what it called ‘AI washing.’ Toronto-based Delphia Inc and Global Predictions Inc, a company based in San
AI integration in gambling is transforming the industry, enhancing the user experience while exacerbating addiction risks and spotlighting concerns among experts. An important turning point in the development of gaming and betting is the meeting point of artificial intelligence (AI)
A Vancouver lawyer faces a probe for using ChatGPT in court, leading to the submission of ‘fictitious’ case law in a child custody dispute. A Canadian attorney is facing criticism after, in the most recent installment highlighting the dangers of
A tribunal in Canada has ruled that consumers who get misleading information from AI programs can receive compensation. The Civil Resolution Tribunal of British Columbia made the ruling after a Canadian flyer promised a bereavement discount by an AI chatbot
In less than a week, the stock market value of UK chip designer Arm Holdings nearly doubled as investors jumped on the artificial intelligence (AI) boom. According to financial results reported by ARM, the demand for AI-related technology is boosting
Following President Biden’s Executive Order, the Biden-Harris administration has made key strides in positioning America at the forefront of artificial intelligence modernization and safety. The recent actions taken by the administration are a clear reaction to the order issued three
AI startup ElevenLabs reaches unicorn status with $80 million in Series B funding led by Andreessen Horowitz, riding the generative AI wave. ElevenLabs, an artificial intelligence (AI) startup, has achieved unicorn status following its most recent round of funding, as
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