Up to 8 million workers in the United Kingdom could lose their jobs to AI with current government policy on the technology, the Institute for Public Policy Research (IPPR) warned. In a new report published Mar. 27, the institute says
The clothing brand H&M Group offers customers the chance to design their own clothing with a little help from generative AI and Stable Diffusion. The integration will allow customers to make their own clothing from nothing more than a text
Amazon’s U.S. warehouses are trialing humanoid robots as the megacorp continues to further automate its operations. Amazon said the move is about “taking on highly repetitive tasks and freeing employees up to better deliver for our customers.” Amazon presenta sus
Gary Gensler, the U.S. Securities and Exchange Commission Chair, says that unless AI is brought to heel, the technology may lead to a financial crash before the decade is out. Gensler went on to add that an AI crash is
Meta plans to offer EU customers an ad-free version of Instagram on their phones for $14 a month. For $17, the company will bundle ad-free Instagram with an ad-free version of Facebook on desktop. The plan is a means for
Bluesky, the X alternative, saw record signups the following day of Elon Musk’s announcement to make his platform a subscription-only app. The X boss has suggested that everyone might soon need to pay a “small monthly” fee to use X,
MicroStrategy and Tesla are among the expected beneficiaries of a rule change that will allow U.S. companies to count crypto gains on their balance sheets for the first time ever. Crypto proponents argue this makes ownership of crypto assets a
SpaceX reduced the value of Bitcoin on its balance sheet by $373 million last year and in 2021. Tesla also offloaded Bitcoin last year. While the sale of Tesla’s Bitcoin (BTC) is in the public domain, details surrounding SpaceX’s holdings
Amazon launched a generative AI tool on its e-commerce marketplace that helps shoppers make better buying decisions. The feature can read product reviews and create a summary of the most important points, according to a blog post published on Aug.
The U.S. Internal Revenue Service (IRS) has laid a new rule classifying cryptocurrency staking rewards as gross income. The IRS announced its landmark decision in Revenue Ruling 2023-14 on July 31, which seeks to clarify the tax treatment of income
Abu Dhabi, often hailed as the financial hub of the United Arab Emirates (UAE), has once again demonstrated its forward-thinking attitude toward fintech. It’s been officially confirmed that the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority has granted
Prime Minister Fumio Kishida reaffirmed Japan’s commitment to embracing the transformative power of Web3 during the prestigious WebX Web3 conference. In a remarkable shift from its aggressive stance on Bitcoin regulation, Japan is now positioning itself at the forefront of
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