Harvard legal scholar Christine Kim called on governments to immediately tax all income and wealth made in the metaverse, even unrealized gains. In a new research paper, Kim argues that failure to do so would turn the metaverse into a
Meta has added legs to its Quest Home avatars after almost a year of waiting, in what is seen as a step closer to a more human-like metaverse. This development was initially announced in 2022 at the Connect Conference. The
With the European Union’s comprehensive Digital Services Act (DSA) coming into effect on Friday, August 25, more than a dozen tech titans, including Meta, Apple, and Google, are facing intense legal scrutiny in Europe. The EU’s new DSA carries new
Meta Platforms Inc. announced an AI model that can transcribe and translate up to 100 languages. SeamlessM4T supports translations between speech and text, making it easier for people to interact regardless of their native language. In a blog post published
The Thai Ministry of Digital Economy and Society, led by Minister Chaiwut Thanakamanusorn, has made news for its outspoken opposition to Facebook. In a first, the Ministry has vowed to take the social media juggernaut to court to prevent it
The Canadian government has outlined a voluntary code of conduct for AI developers to prevent their systems from being used to create harmful or malicious content. Consultations are currently ongoing between Innovation Canada and various stakeholders such as civil society
Facebook parent company Meta Platforms Inc. has released a new set of Metaverse youth safety guides to ensure their security in the virtual platforms they join. The new toolkit is also a move towards addressing cases of cyberbullying and creating
The world’s leading news agencies have signed an open letter that seeks a relook into regulations around the use of AI in journalism while calling for transparency and clear copyright laws. The letter was signed by organizations like Getty Images,
Congresswoman Maxine Waters voices concerns as PayPal unveils PYUSD stablecoin, highlighting potential implications for financial markets. Meanwhile, reports suggest an alarming surge in counterfeit PYUSD tokens across blockchains. The influential Democrat on the House Financial Services Committee has recently articulated
While generative AI has garnered praise for its ability to create images, videos, or audio, the same tech has also attracted attention for wrong reasons like racial bias. The tech has been criticized for distortions and some have been described
Update 21:53 BST, Fri Aug. 11, 2023 – Elon Musk has now revealed that the much-touted fight between him and Mark Zuckerberg will be held in Italy at a date to be announced. In a series of tweets, Musk said
Meta CEO Mark Zuckerberg says he’s “ready today” to fight Elon Musk in a cage match, but is not very optimistic that the proposed fight between the two billionaires will take place. Posting on his new social media platform Threads, Zuckerberg
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