A monthslong test with some of the world’s largest banks found that digital dollars could be an effective way to improve domestic and cross-border payments, according to a unit of the Federal Reserve Bank of New York. The Fed’s New York Innovation Center spent 12 weeks testing a technology known Read more…
A Saskatchewan judge says an emoji can amount to a contractual agreement and ordered a farmer to pay more than $82,000 for not delivering product to a grain buyer after responding to a text message with a thumbs-up image. The Court of King’s Bench decision said a grain buyer with Read more…
Amidst ongoing protests in France, the country has just passed a new bill that will allow police to remotely access suspects’ cameras, microphones, and GPS on cell phones and other devices. The bill has been criticized by the French people as a “snoopers” charter that allows police unfettered access to Read more…
Yolanda Diaz, Spain’s Labor Minister and candidate for Prime Minister with the progressive platform Sumar, has proposed a scheme to tackle social inequality by giving every young person in the country 20,000 euros (roughly $21,776) to spend on school, training or starting a business once they reach the age of Read more…
Inflection AI, an AI startup company, has built a cutting-edge supercomputer equipped with 22,000 NVIDIA H100 GPUs. For those unfamiliar with Inflection AI, it is a business that aims at creating “personal AI for everyone.” The company is widely known for its recently introduced Inflection-1 AI model, which powers the Read more…
After months of painful job cuts, companies in San Francisco’s tech sector stepped up hiring in May, spurred in part by an artificial intelligence boom, according to a new report. San Francisco and neighboring San Mateo County added 2,800 jobs in the tech sector in May, according to the city’s Read more…
