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The Rise of Global Attendees at the City’s Web3 Carnival Signals a Shifting Landscape As U.S. regulators intensify their oversight of the crypto realm, industry players are casting their eyes overseas in search of more welcoming environments conducive to their growth. One such destination gaining traction is Hong Kong. Positioned to reclaim its status as a financial hub, the city is leveraging favorable crypto regulations to attract a fresh wave of entrepreneurs, innovators, and investors. And it’s yielding results. In mid-April, Hong Kong’s annual web3 festival drew over 50,000 attendees, with a notable increase in non-Chinese participants compared to previous…

Prepare for a gaming revolution as autonomous AI players step onto the scene, courtesy of Altera, a new startup venturing into the realm of AI agents. On Wednesday, Altera announced a significant milestone, raising $9 million in an oversubscribed seed round. The funding, co-led by First Spark Ventures (Eric Schmidt’s deep-tech fund) and Patron (the seed-stage fund co-founded by Riot Games alums), marks a substantial step forward for the company. This round follows Altera’s earlier achievement of securing a pre-seed investment of $2 million from a16z SPEEDRUN and others in January of the same year. With this financial boost, Altera…

Ever pondered why ChatGPT sometimes politely declines certain requests? OpenAI is providing insight into the rationale behind its AI models’ rules of engagement, whether it involves adhering to brand guidelines or refraining from generating NSFW content. Large language models (LLMs) like ChatGPT lack inherent limits on their responses, making them versatile yet prone to generating inaccurate content. For AI models interacting with the public, establishing guardrails is essential, but defining and enforcing these boundaries is challenging. For example, if someone asks an AI to generate false claims about a public figure, it should refuse. But what if the requester is…

This week, a crypto wallet maker sparked concern by suggesting a potential zero-day exploit targeting iMessage, but closer inspection suggests the threat might be exaggerated or even fraudulent. Trust Wallet’s official account warned of a high-risk zero-day exploit allegedly targeting iMessage, circulating on the Dark Web. The tweet advised iPhone users to disable iMessage until Apple resolves the issue. However, there’s no concrete evidence to support the existence of such an exploit. While the tweet gained significant traction, Trust Wallet later clarified that the information stemmed from an advertisement on CodeBreach Lab, offering the alleged exploit for $2 million in…

Comparing the 2023 crypto venture scene to a cold pot of water, Tom Schmidt from Dragonfly Capital likened Q1 2024 to the moment bubbles start forming before a boil. Indeed, PitchBook data shows a substantial uptick, with $2.52 billion raised in Q1, marking a 25% increase from Q4 2023. David Nage from Arca noted a surge in deal activity, reminiscent of the intensity seen in 2021. Despite a significant drop in VC and crypto funding in 2023, deal-making activity has rebounded notably. Several factors have fueled this resurgence. Legal wins by Ripple and Grayscale last year, along with positive sentiments…

In 2022, Rivos faced legal battles when Apple sued the company for alleged trade secret violations, claiming Rivos hired Apple engineers and used confidential information to develop rival chips. However, Rivos refuted the accusations, counter-suing Apple for unfair competition. The dispute concluded with a settlement in February, coinciding with the resolution of related litigation involving Apple engineers hired by Rivos. Now, with the legal turmoil behind them, Rivos is refocusing on bringing its chipset technology to market, according to CEO Puneet Kumar. “Rivos aims to develop industry-leading, power-efficient, high-performance chips,” Kumar stated. “We’re eager to target customers seeking data-driven solutions.”…

Meta’s Oversight Board, an independent policy council, is delving into how Meta’s social platforms handle explicit AI-generated images. The board announced on Tuesday that it’s investigating two cases involving Instagram in India and Facebook in the U.S., concerning Meta’s failure to detect and respond to explicit content. In both instances, the platforms have since removed the content. To avoid gender-based harassment, Meta chose not to disclose the identities of the individuals targeted by the AI images. The Oversight Board examines cases related to Meta’s moderation decisions. Users must first appeal to Meta regarding a moderation action before approaching the Oversight…

Following in Spotify’s footsteps, Amazon Music is now introducing its own AI playlist generator called Maestro. This feature allows U.S. customers on both iOS and Android platforms to create playlists using spoken or written prompts, including emojis. Amazon suggests users can write prompts containing activities, sounds, emotions, or choose from prompt suggestions provided on the screen. Within seconds, an AI-generated playlist tailored to the input will be created. As Maestro launches in beta, Amazon cautions that the technology may not always produce accurate results initially. Similar to Spotify, Amazon has implemented measures to block offensive language and inappropriate prompts. Initially,…

Can generative AI solutions tailored for enterprise use ever achieve interoperability? The Linux Foundation, in collaboration with a consortium of organizations including Cloudera and Intel, aims to explore this question. On Tuesday, the Linux Foundation unveiled the Open Platform for Enterprise AI (OPEA), a project aimed at fostering the development of open, multi-provider, and modular generative AI systems. This initiative, under the auspices of the Linux Foundation’s LF AI and Data organization, seeks to pave the way for the creation of robust and scalable generative AI systems that leverage the best open-source innovations. Ibrahim Haddad, the executive director of LF…

Apple made significant updates to its App Store guidelines on Friday, permitting the inclusion of emulators for retro console games globally, with the option for users to download titles. However, Apple cautioned that developers must ensure compliance with copyright regulations. While Android users already enjoy access to numerous emulators for playing classic games on their devices, Apple’s policy change is expected to motivate developers to bring their emulators to the App Store. According to Apple, emulator apps must incorporate an in-app purchase mechanism for offering digital items. This adjustment in App Store rules, prompted by regulatory requirements, could serve as…