G7 antitrust watchdogs signal possible action on AI sector competition
The G7 nations want to ensure AI isn’t used to facilitate “collusion” between AI firms that could lead to the sharing of sensitive information or forming a monopoly. Go to Source
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Tether is ‘best friend’ of US, says CEO Paolo Ardoino
While focusing on developing countries, Tether is doing its best to maintain a good relationship with the United States, Paolo Ardoino told Cointelegraph. Go to Source
Apple, Google to use AI to maintain dominance — Cathie Wood’s ARK Invest
ARK Invest’s chief futurist has questioned whether Apple and Google would manage to introduce performant AI features with their current AI strategies. Go to Source
OpenAI’s move to for-profit: Is it indeed ‘illegal’?
OpenAI’s potential transformation into a for-profit corporation is not impossible, but it will likely not be an easy process. Go to Source
Rives Launches Doom Olympics: A Competitive Onchain Gaming Event
Rives, a blockchain gaming project, has announced the launch of its Doom Olympics, a unique competition built on the Cartesi platform. The tournament will feature seven distinct challenges inspired by the classic video game Doom, rewarding top players with over $15,000 in prizes. Rives Combines Blockchain and Classic Gaming With Doom Olympics Rives has structured … Read more
Ethena’s USDE Sees Market Cap Shrink by $770M in Less Than 2 Months
Based on the latest data, Ethena’s yield-generating stablecoin, USDE, has experienced a dramatic contraction in supply since July 4, 2024. Over the span of less than two months, its market capitalization has decreased by $770 million. Ethena’s USDE Supply Plummets as Competition Heats Up From Aug. 23 to Aug. 30, the stablecoin economy expanded from … Read more
DeFi market stages a comeback as derivatives surge
Onchain derivatives fuel DeFi’s resurgence, with daily volumes reaching $5 billion amid rising competition. Go to Source
Microsoft declares OpenAI both ‘strategic partner’ and ‘competition’ in SEC filing
The two companies face antitrust probes in the US and EU over their partnership. Go to Source
US antitrust chief to scrutinize AI sector for monopoly risks
U.S. antitrust enforcer Jonathan Kanter said regulators must urgently examine the AI sector to prevent potential monopolies. Go to Source
Weak competition in AI race could hurt consumers: UK watchdog
The UK’s Competition and Markets Authority wants to prevent AI from being used to undermine consumer trust. Go to Source
