Tag: technology | BizAndTech Newswire

technology

Tokenized funds get preliminary approval to be used as collateral in the US
A subcommittee of the Commodity Futures Trading Commission’s (CFTC) Global Markets Advisory Committee voted to approve guidelines for using tokenized shares of money-market funds as collateral for t...

Microsoft to Invest $4.8 Billion in Italy for AI Infrastructure
Microsoft announced Wednesday (Oct. 2) plans for a €4.3 billion ($4.8 billion) investment in Italy, its biggest investment in the country so far. The initiative is set to roll out over the next two ...

New Map Shows Community Broadband Networks Are Exploding In U.S.
The Institute For Local Self Reliance (disclosure: I have done writing and research for them) has released an updated interactive map of every community-owned and operated broadband network in the U.S...

Scientists Develop AI They Say Defeats Widespread eCommerce Authentication Method
Artificial intelligence can now solve Google’s reCAPTCHAv2 with 100% accuracy, according to new research, possibly rendering a critical online security measure obsolete and forcing eCommerce platfor...

This Week in Web3: Unlocking Blockchain’s Potential Within Payment Ecosystems
Blockchain is growing into a global innovation that transcends its initial association with crypto. The auction house Christie’s, for example, recently announced that an upcoming collection of fine...

Fidelity Takes VC Plunge, Raises $250 Million for Tech Investments
Fidelity raised $250 million for its first fund devoted to venture capital. The Boston-based asset manager’s latest push into the private asset space — Fidelity Venture Capital Fund I — closed w...

New Yorker’s ‘Social Media Is Killing Kids’ Article Waits 71 Paragraphs To Admit Evidence Doesn’t Support The Premise
These days, there’s a formula for articles pushing the unproven claims of harm from social media. Start with examples of kids harming themselves, insist (without evidence) that but for social media ...

OpenAI Market Cap Rivals Uber, AT&T After $6.6 Billion Fundraise
OpenAI has reportedly raised $6.6 billion in new funding, nearly doubling its valuation. The artificial intelligence (AI) startup is now valued at $157 billion, The Wall Street Journal (WSJ) reported ...

Franklin Templeton’s Onchain Money Market Fund Launches on Aptos
Asset management mogul Franklin Templeton has launched its Franklin OnChain US Government Money Fund (FOBXX) on Layer-1 blockchain Aptos. The collaboration signifies growing institutional interest ...

OpenAI valued at $157 billion after securing $6.6 billion in latest funding round
OpenAI has concluded its latest funding round, raising $6.6 billion at a post-money valuation of $157 billion, according to an Oct. 2 blog post. The capital influx is expected to bolster OpenAI’s ca...

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