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Nvidia facing EU investigation over unfair business practices in promoting AI products
Nvidia has a near-monopolistic stronghold on the AI chip market, holding about 84% of the total market share. The company’s valuation has grown exponentially since demand for generative AI peaked, and the world scrambles to deal with accelerated computing going mainstream — innovations that depend on Nvidia’s chips. However, the US chipmaker’s success has also […]Cryptopolitan
Fri, Dec 6
Crypto is still a big risk to America’s financial stability, says Treasury Secretary Janet Yellen
Treasury Secretary Janet Yellen says cryptocurrencies remain a serious threat to America’s financial stability. Speaking during the Financial Stability Oversight Council’s (FSOC) annual meeting, Yellen flagged ongoing vulnerabilities tied to Bitcoin and commercial real estate, even as inflation eases and unemployment stays low. The council, established after the 2008 financial crash, focuses on monitoring systemic […]Cryptopolitan
Fri, Dec 6
Czech Republic exempts long-held Bitcoin from capital gains tax
The Czech Republic has announced a tax policy that does not tax Bitcoin that has been held for three or more years. This amendment was approved on December 6, 2024, and will be effective from January 1, 2025. According to the new law, citizens are allowed to exclude earned income from their personal income tax […]Cryptopolitan
Fri, Dec 6
AI framework: China makes 6 bold moves for global leadership amid censorship concerns
China has deepened its focus on developing and scaling AI applications through a new framework. The blueprint signals that the country’s ambition is to become a global leader while aligning its innovation goals by 2030. The report outlines strategies for applying AI across key industries while addressing challenges like inconsistent technology practices. However, the timing […]Cryptopolitan
Fri, Dec 6
Coinbase’s Paul Grewal reveals letters US regulator sent to coerce banks from serving crypto businesses
Documents obtained by Coinbase through the Freedom of Information Act (FOIA) revealed that the Federal Deposit Insurance Corporation (FDIC) and other federal agencies actively discouraged banks from transacting with crypto businesses in what is popularly called “Operation Chokepoint 2.0” within the crypto industry. Following the release of documents obtained by Coinbase through the FOIA, Coinase’s […]Cryptopolitan
Fri, Dec 6
OpenAI’s most recent “reasoning” model in basic errors
OpenAI recently released a “reasoning” AI model – o1, but it is already rocked with basic errors, according to the company’s new ad. The ChatGPT maker released what it has termed its most advanced model to date for paying subscribers kicking off its “12 Days of OpenAI” event, which is a series of releases to […]Cryptopolitan
Fri, Dec 6
Total world debt hits a record $323 trillion in Q3
Global debt has hit an earth-shattering $323 trillion in the third quarter of 2024. That’s $12 trillion more than where we started the year. Over the last two decades, total global debt has tripled, putting today’s figure into perspective. Debt-to-GDP now sits at 326%, higher than pre-pandemic levels, and it’s not showing signs of slowing […]Cryptopolitan
Fri, Dec 6
