KuCoin, one of the largest cryptocurrency exchanges in the world, is currently facing allegations of taking advantage of its large U.S. customer base to facilitate illicit money laundering. The exchange is accused of failing to implement basic anti-money laundering policies, allowing over $5 billion in suspicious funds to be received and over $4 billion in criminal funds to be sent. According to the allegations, KuCoin has been operating in the shadows of the financial markets, with defendants facing charges related to the accusations of money laundering. The scale of the alleged operations is substantial, with billions of dollars of trades…
Author: Robert Gill
A recent survey of managers has revealed that 41% are considering replacing workers with cheaper AI tools by 2024. This alarming statistic comes as previous reports have predicted that over 2 million US jobs could be replaced by AI by 2030. In addition, 48% of managers believe that their businesses would financially benefit from replacing employees with AI, with 40% thinking that multiple employees could be replaced without issue. Furthermore, 45% see AI as an opportunity to lower employee salaries due to less human-powered work being needed. The survey also found that 62% of managers said their employees fear that…
Apple is Making Moves to Enhance AI Capabilities with Baidu Partnership In a strategic move to bolster its artificial intelligence capabilities, Apple is reportedly in talks with Chinese tech giant Baidu to acquire AI services. Baidu’s LLM known as ERNIE Bot is renowned for its ability to deliver accurate, logical, and fluent responses that approach human-level intelligence. Sources suggest that Apple is ramping up efforts to incorporate generative AI services into this year’s iOS and macOS updates. This comes after Bloomberg reported in October that Apple was working to catch up with competitors like ChatGPT in the AI space. Following…
Reddit, Inc. Rings Opening Bell at NYSE in Celebration of IPO Success In a rare sighting in the tech IPO market, Reddit, Inc. (NYSE: RDDT) celebrated its successful initial public offering by ringing the Opening Bell® at the New York Stock Exchange with its mascot Snoo. This marked a significant moment for the company and the market as a whole, as Reddit and Astera Labs became the first venture-backed tech companies to go public since September. Morgan Stanley emerged as a standout among banks, securing the lead left spot on both Reddit and Astera’s IPOs. This success broke a dry…
Pope Francis Skips Homily at Palm Sunday Mass Due to Health Concerns Pope Francis showed signs of frail health during the Palm Sunday Mass at St. Peter’s Square, where he decided to forgo his homily. Instead, he blessed the palm fronds and olive branches carried by the faithful in attendance. The Pontiff did not participate in the procession of cardinals, raising concerns about his well-being. Vatican officials estimated that around 25,000 people gathered for the Mass despite the Pope’s limited involvement. Francis, who has been battling respiratory problems and knee issues, is expected to lead various events leading up to…
In an exciting NCAA Tournament matchup, the Duke Blue Devils secured a 64-47 victory over the Vermont Catamounts. Responding to the recent upset of No. 4 Auburn by No. 13 Yale, Duke managed to avoid their own upset by maintaining a strong lead throughout the game. The Blue Devils held a 34-29 lead at halftime, thanks in part to their solid free throw shooting. Despite the pro-Vermont crowd energizing the Catamounts and cutting Duke’s lead to just two points multiple times, Duke went on a 12-3 run in the second half to establish a comfortable lead. Leading by as much…
The Justice Department has launched a scathing attack on tech giant Apple, accusing the company of perpetuating “social stigma, exclusion, and blame” against Android smartphone users through the infamous “green bubble” issue in text messages. This contentious problem has led to ridicule and even undermined the attractiveness of Android users in the dating world, with some women jesting that they find men with Androids less appealing. In response to the uproar, Apple’s rivals, including Google, have called on the company to rectify the texting problem to alleviate the challenges faced by Android users. The antitrust case brought by the DOJ…
Microsoft has made a major move in the world of artificial intelligence by hiring Mustafa Suleyman, a co-founder of Google’s DeepMind. According to Bloomberg, Suleyman will lead Microsoft’s consumer AI initiatives, bringing with him his expertise in machine learning and AI development. DeepMind, which was founded by Suleyman, Demis Hassabis, and Shane Legg in 2010, was acquired by Google in 2014 and played a crucial role in Google’s AI efforts. Suleyman worked with DeepMind until 2019, then moved to Google as an AI product management lead before leaving to start his own startup, Inflection, in 2022. Inflection focused on creating…
The Great American Eclipse: Mark Your Calendars for April 8, 2024 Excitement is building for the Great American Eclipse set to take place on April 8, 2024, with parts of 15 states along the path of totality. This rare astronomical event is expected to be a sight to behold, starting in Texas at 1:27 p.m. CT and ending in Maine at 3:35 p.m. ET. The highlight of the eclipse will be the longest duration of totality, which is predicted to be 4 minutes and 28 seconds near Torreón, Mexico. Most other places along the path will experience between 3.5 and…
Former President Donald Trump is facing challenges in finding an insurance company to underwrite his bond to cover the massive judgment against him in the New York attorney general’s civil fraud case. Trump’s lawyers have approached 30 underwriters for the bond, which is due by the end of the month. However, the judgment against Trump, including interest, exceeds $464 million, making it difficult to find a company to back the bond. During a hearing, an insurance broker testified that securing a bond in the full amount is practically impossible. Potential underwriters are requesting cash to back the bond, rather than…