Commonwealth Secretariat Launches AI-Driven Policy Tool, StrategusAI, to Enhance Governance Across Member States

by Theresa Joy Lacatan | Aug 27, 2024 | AI News, Blog News

On 16 August 2024, the Commonwealth Secretariat and Intel Corporation, in collaboration, launched StrategusAI, an innovative Artificial Intelligence (AI) toolkit designed to transform the way member governments develop and implement policies. This tool aims to help...

U.S. Copyright Office: Need for Federal Protections Against AI-Generated Digital Replicas

by Theresa Joy Lacatan | Aug 27, 2024 | AI News, Blog News

On 15 July 2024, the U.S. Copyright Office released a Report titled “Copyright and Artificial Intelligence, Part 1: Digital Replicas.” The Report explores the complex relationship between copyright law and the rapidly advancing capabilities of artificial...

SEC Chairman Warns of AI’s Impact on Investment Decisions and Potential Conflicts of Interest

by Theresa Joy Lacatan | Aug 15, 2024 | AI News, Blog News

On 14 August, 2024, the Securities and Exchange Commission (SEC) Chairman Gary Gensler released a statement highlighting the growing influence of artificial intelligence (AI) in financial markets and the potential risks it poses to investors. With AI increasingly...

MAS Signs MoU with Banks and Tech Partners to Bolster Quantum Computing Security Against Emerging Threats

by Theresa Joy Lacatan | Aug 15, 2024 | AI News, Blog News

On 14 August 2024, the Monetary Authority of Singapore (MAS) signed a Memorandum of Understanding (MoU) with major banks and financial institutions to reinforce the country’s financial sector against potential cybersecurity threats from quantum computing. This MoU,...

Elon Musk Unveils World’s Most Powerful AI Training Cluster

by Theresa Joy Lacatan | Jul 25, 2024 | AI News, Blog News

Elon Musk’s venture, xAI, has commenced training its large language model (LLM), Grok, on what he claims is the world’s most powerful AI training cluster. On July 22, 2024, Musk announced that the Memphis Supercluster, located in Memphis, Tennessee, is equipped...

MAS Commits Up to S$100 Million to Boost Quantum and AI Capabilities in Financial Sector

by Theresa Joy Lacatan | Jul 22, 2024 | AI News, Blog News

The Monetary Authority of Singapore (MAS) announced on 18 July 2024 a substantial commitment of S$100 million under the Financial Sector Technology and Innovation Grant Scheme (FSTI 3.0) to enhance quantum and artificial intelligence (AI) capabilities within the...