At the National Press Club on July 17, Gensler acknowledged AI as a technology as transformative as the internet and mass automobile production but raised important questions about its potential impact on societal structures and global financial stability. The SEC
The U.S. Federal Trade Commission (FTC) launched an investigation into OpenAI over potential violations of consumer protection laws related to its AI chatbot ChatGPT, which is accused of spreading false information and flouting data privacy rules. According to a report
EU Competition Commissioner Margarethe Vestager says the metaverse does not need to be regulated because it does not pose any antitrust concerns at this time. Vestager’s comments come ahead of a presentation she will make to competition regulators this week,
China has issued a directive to parents to report police if their children are using encrypted messaging apps. Almost every social media platform is banned in China, and even China-owned TikTok is facing restrictions in the Western world and Australia. This
Countless obituaries have been written about the metaverse, but not everyone is reading from the same page. This week, 120-year old American cosmetics brand Elizabeth Arden launched its first virtual store in the metaverse. The store’s opening signals the growing
Immersive training experiences promise a number of benefits over traditional learning including greater effectiveness and efficiency. To find out if virtual reality learning lives up to its hype, MetaNews spoke with Alina Vasile, Vice President of Production at Gemba, a
President Joe Biden yesterday (April 4) sat down with his Council of Advisors on Science and Technology (PCAST) to discuss the risks and opportunities of Artificial Intelligence development. During the powwow with academics and executives from tech giants like Google
Shelly Palmer, a Professor of Advanced Media in Residence at Syracuse University, argues that TikTok poses no more of a threat than Twitter, Facebook, Snapchat, or other apps. ByteDance’s ubiquitous short video-sharing platform is facing continuous restrictions in the western
The European Union antitrust chief Margrethe Vestager warned Thursday that her team is on guard to curb potential competition abuses in the metaverse and in AI. “It’s already time for us to start asking what healthy competition would look like
The global metaverse market in finance is poised to grow by $107.06 billion between 2022 and 2027, according to a report by global tech research and advisory firm Technavio. Businesses are investing heavily in the metaverse, with the World Economic
DecentWorld recently launched on March 1st, and enthusiastic users have already started buying virtual real estate in the metaverse, with entire blocks, and even cities of streets being snapped up. DecentWorld’s designers claim that the highly anticipated platform would gradually
The annual Token2049 crypto conference in Dubai continued as planned this week, even as heavy rains swept through the United Arab Emirates (UAE), causing massive flooding. Thousands of attendees were reportedly left stranded after storms dumped more than a year
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