CLAUDE
Navigating AI Transparency and Privacy in Digital Commerce
As AI transforms digital commerce, transparency and proactive privacy measures become key to balancing innovation with consumer trust and safety.
Mercari Japan Embraces Bitcoin Payments
Mercari, Japan's e-commerce leader, announces Bitcoin payment integration by June 2024, leveraging its subsidiary Melcoin. This reflects Japan's advanced crypto regulatory environment, fostering digital currency adoption in commerce.
US Government Grants $162 Million to Microchip Technology for Semiconductor Production Boost
US grants $162M to Microchip Technology, bolstering domestic semiconductor production under the CHIPS & Science Act.
Chamber of Digital Commerce Joins Forces to Counter SEC's Lawsuit Against Binance.US
The Chamber of Digital Commerce has spearheaded a collective effort to defend Binance.US against the SEC's lawsuit. The chamber, along with Binance.US and other industry stakeholders, is challenging the SEC's regulatory approach, marking a significant collaborative resistance within the cryptocurrency sector.
US Toughens Export Controls on Semiconductors to China Amid Military Concerns
The US Department of Commerce tightened export controls on advanced computing semiconductors to China and other countries of concern to address national security threats posed by military modernization. The rules, effective from November 16, 2023, refine the parameters defining restricted chips, introduce a global licensing requirement, and expand controls on semiconductor manufacturing equipment. The update also adds certain PRC entities to the Entity List, requiring a BIS license for foundries manufacturing chips for these entities.
Mastercard Unveils Interoperable CBDC in Australia
Mastercard, in association with the RBA and DFCRC, has demonstrated a groundbreaking interoperable CBDC solution to enhance Web3 commerce in Australia and beyond. The live demonstration showcased a pilot CBDC holder purchasing an NFT on Ethereum, utilizing Mastercard’s Multi Token Network, emphasizing the potential of blockchain interoperability in fostering secure and efficient digital commerce.
Visa Announces $100 Million Fund for Generative AI in Commerce and Payments
Visa Inc. has announced a $100 million fund to invest in generative AI technologies that are relevant to commerce and payments. The initiative, led by Visa Ventures, aims to foster innovation in the rapidly evolving field of artificial intelligence.
Citcon Partners with Cash App Pay and Afterpay to Enhance E-commerce Payment Solutions
Citcon partners with Cash App Pay and Afterpay to offer e-commerce businesses a range of streamlined payment options. The collaboration aims to simplify the payment process for both merchants and consumers, targeting especially the Millennial and Gen Z demographics.
Chainalysis Employs Coinbase Commerce to Facilitate Crypto Payments, Broadening Support for DeFi Sector
Chainalysis has announced the integration of Coinbase Commerce into its payment systems. This new feature enables users to settle invoices with a diverse selection of digital assets, including a variety of DeFi tokens.
OpenAI Introduces New Plugin Feature for ChatGPT AI Chatbot
OpenAI has introduced a new plugin feature for its AI chatbot, ChatGPT, allowing it to retrieve information from online sources and interact with third-party websites. The feature is in the alpha phase and will only be available to a limited set of users initially, with a waitlist in place to access it. The plugins include e-commerce platforms Shopify, Klarna, and Instacart, and travel search engines Expedia and KAYAK, among others.