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China has a flourishing market for deepfakes that clone the dead
This story first appeared in China Report, MIT Technology Review’s newsletter about technology in China. Sign up to receive it in your inbox every Tuesday. If you could talk again to someone you … more
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P2P digital currency ban looming in Nigeria as central bank halts fintech account opening
Four leading fintech apps were directed to halt onboarding recently, and with the National Security Agency classifying digital currency as a national security issue, a ban is imminent. [...] Read … more
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Philippines, ADB collaborate to pioneer digitally tracked green bonds
The tie-up between gov't agencies and the ADB is geared toward supporting the country in fostering a sustainable capital market, with DTGBs eyed as a starting point to achieve this. [...] Read … more
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Is money the secret to getting Gen Z talking? The U.K.’s national data crunchers reveal their latest tricks for finding out what makes them tick
The Office of National Statistics is revamping how to gets data on Gen Z participants, including higher cash prizes and face-to-face interviews. more
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London Drugs reopens all stores after cyberattack
London Drugs says it has reopened all its stores across Western Canada after a cybersecurity breach forced the retailer to close last month. more
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An AI photo of pop star Katy Perry was good enough to fool her own mom—'that shows you the level of sophistication that this technology now has,' expert says
Each instance of deepfake photos underlines growing concerns around the misuse of AI, particularly regarding the potential to carry out scams. more
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UPS is searching for its next CFO
UPS will look inside its own ranks and outside the company for a strategic finance chief as the company seeks raise demand. more
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FTX to pay out at least 118% of recognized claims to 98% of its creditors
FTX's reorganization plan promises 98% of creditors over 100% cash repayment, with a total distribution value up to $16.3 billion. The post FTX to pay out at least 118% of recognized claims to 98% … more
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After body blows from activist investor Nelson Peltz, Disney's Iger says streaming is 'on track' to profitability
Disney’s streaming unit lost $18 million this quarter, compared to a $659 million loss in the same quarter last year. more
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Small towns with affordable home prices beckon remote workers
An estimated 291,400 people last year migrated from other areas into America’s small towns and rural areas last year. more
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Billionaire Stan Druckenmiller says he'd give Bidenomics an ‘F’ because inflation almost came down before the Fed 'fumbled on the five-yard line’
The famed investor accused the Federal Reserve and the Biden administration of misdiagnosing the severity of the pandemic’s economic crisis. more
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Bitcoin Fan Jack Dorsey Takes Kendrick Lamar’s Side in Drake Beef
Who’s winning the Kendrick and Drake lyrical war? Dorsey says it’s no contest. more
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Botanix Labs Secures $11.5 Million Funding to Develop Bitcoin-Native DeFi Ecosystem
Founded at Harvard, Botanix Labs raises millions to build the first Bitcoin-native Layer 2 primitive with full EVM equivalence — Spiderchain. more
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Oklahoma joins Ohio, Mississippi in passing Blockchain Basics Act
The new bill, which seeks to protect the residents’ right to mine, own, and trade digital currencies, is at advanced stages in Nebraska, South Carolina, and Tennessee. [...] Read More... The … more
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Spain's Sabadell rejects BBVA takeover bid that would create a $75 billion bank
Sabadell's shares rose 7% in the week since it received its first surprise bid, while BBVA stock fell 8%. more
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Elon Musk’s doomerist hobby is falling to sleep at night listening to podcasts on the end of civilization
'There are many long dead civilizations. At some point our civilization will come to an end, too.' more
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British Microsoft-backed self-driving startup Wayve raises $1 billion, clocking new high in Europe-based AI funding deal
Wayve's latest funding round surpasses those of Europe's prominent generative AI startups like Mistral and Alepha Alpha. more
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Dylan LeClair Joins "MicroStrategy of Asia" as Director of Bitcoin Strategy
Metaplanet hired leading industry analyst Dylan LeClair to drive its corporate Bitcoin strategy, positioning itself as a "MicroStrategy of Asia" and pioneering public firm adoption in the region. more
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QCP Capital secures preliminary approval to operate in Abu Dhabi
QCP Capital secures initial approval to operate in Abu Dhabi, expanding its crypto options trading services to the Middle East. The post QCP Capital secures preliminary approval to operate in Abu … more
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SEC sends Robinhood a Wells notice, BTC-e’s Vinnik cops to money laundering
Robinhood is scheduled to report its Q1 financials on May 8, and the analyst call may reveal further details regarding the company's SEC's issues. [...] Read More... The post SEC sends … more
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Bill aims to provide tax clarity on staking digital currencies
Rep. Drew Ferguson (R-GA) says the U.S.’ approach to digital asset rewards is overly complex, leading to confusion, double taxation, and overseas relocation of U.S. companies. [...] Read … more
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Boeing faces new FAA probe after aircraft maker reports that workers falsified inspection records on 787 planes
No planes have been taken out of service, but having to perform the test out of order on planes will slow the delivery of jets still being built at the final assembly plant in North Charleston, S.C. more
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Amazon records largest quarterly operating profit, boosted by AI
Amazon recorded $143.3 billion in Q1 revenue, beating Wall Street estimates, with its focus on AI “reaccelerating” growth for AWS, its cloud computing division. [...] Read More... The post … more
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EU partners with Japan to tackle digital IDs, AI
The EU's partnership with Japan isn't only geared toward supporting innovation and boosting their competitiveness in the tech space but is said to help even out the EU's AI playbook. [...] Read … more
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Janitors hired to clean a meat plant owned by $8 billion Perdue Farms used children for the work, regulators said
The Labor Department’s latest statistics indicate the number of children being employed illegally in the U.S. has increased 88% since 2019. more
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