CRYPTOCURRENCY
U.S. Department of Energy Halts Bitcoin Mining Survey Amid Legal Pushback
The DOE's emergency Bitcoin mining survey is withdrawn following legal challenges from Riot Platforms and the Texas Blockchain Council.
UK Defence Ministry Awards 1.8 Billion Pound AI-Driven Maritime Enhancement Contract to Thales
UK Ministry of Defence signs £1.8 billion contract with Thales for 15-year project to improve Royal Navy ship availability and resilience, leveraging AI and data management.
Treasury Secretary Yellen Highlights Economic Recovery and Addresses Financial Risks
Treasury Secretary Janet Yellen highlighted Biden Administration's economic achievements and ongoing financial stability efforts, focusing on banking, climate change, cybersecurity, AI, and digital assets in a testimony to the House Committee on Financial Services.
AI and Competition Policy: Insights from the White House Meeting
The White House meeting on competition policy and AI highlighted concerns about market concentration in critical AI components and its impact on small businesses. The discussion emphasized the need for fair competition and scrutinizing industry behaviors. The Biden-Harris Administration is committed to promoting competition and supporting small businesses in AI development.
U.S. Tightens Microchip Export to Sustain AI Leadership Over China
Senator Mike Rounds highlighted the U.S.'s marginal lead in AI over China, measurable in months. The U.S. restricts AI chip exports to China to maintain this edge. Meanwhile, China's significant AI advancements, despite challenges like U.S. sanctions and technology gaps, underscore the intensifying global AI race.
Canada Tightens Crypto Asset Regulations for Public Investment Funds
The Canadian Securities Administrators propose regulatory changes for public investment funds handling crypto assets, focusing on custodianship standards and limiting direct crypto dealings to specific fund types.
NVIDIA Launches the GeForce RTX 4090 D targeting China
NVIDIA's GeForce RTX 4090 D, launched for the Chinese market, combines advanced performance with U.S. export control compliance, marking a strategic global tech distribution move.
NIST's Call for Public Input on AI Safety in Response to Biden's Executive Order
NIST is seeking public input to create AI safety guidelines following President Biden's Executive Order, aiming to ensure a secure AI environment, mitigate risks, and foster innovation.
Coinbase's Legal Challenge Against SEC's Decision
Coinbase challenges the SEC in court over its decision to deny a rulemaking petition, marking a critical juncture in U.S. cryptocurrency regulation.
California Advances in Generative AI with New Report
The Newsom Administration's report on Generative AI outlines California's approach to regulating and embracing this technology, emphasizing education and workforce training for responsible use.