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The Banque de France views central bank digital currency (CBDC) as a crucial component for the new international monetary system, enhancing cross-border payments. It’s being considered from an international perspective right from the outset. Two potential development pathways include building interoperability with legacy systems and creating regional or international platforms for CBDCs.

French telecom firm Iliad is investing around $106 million USD in the local artificial intelligence (AI) sector, creating a laboratory for cutting-edge AI research in Paris. The lab will design general AI while possibly making use of Europe’s ‘most powerful cloud-native Ai supercomputer’ created by NVIDIA.

President Ursula von der Leyen’s recent State of the Union address spotlighted EU’s resolve in enhancing AI technology. Within this endeavor, she proposed a “new global framework for AI”, comprising of guardrails, governance, and guiding innovation. The initiative aims at promoting responsible AI development and includes a project to expedite European supercomputer access for AI startups. Despite optimism, challenges of balancing rapid technological advancement and ethical considerations loom large.

Goldman Sachs views the boom of Artificial Intelligence (AI) as not a bubble, but the beginning of an AI revolution. The firm predicts global AI investments to reach $200 billion by 2025, attributing this expected surge to the expansive economic opportunities offered by generative AI. Despite this optimism, cautious investment approach has been advised.

“Ethereum co-founder, Vitalik Buterin, highlights Asia’s increasing mastery over blockchain technology, evident in its active participation in developing ‘account abstraction’ or ERC-4337. This shift towards technical involvement in the blockchain from Asian contingents marks a significant change in the global blockchain landscape.”

“Project Sela showcases the potential of central bank digital currencies (CBDCs), implementing a novel intermediary approach to reduce liquidity risk. Dealing with concerns about cybersecurity and privacy, it signals a future where transactions settle directly on the central bank’s ledger, inspiring global central banks’ digital transformation.”

Google’s Digital Futures Project aims to promote the secure, responsible use of AI through research and collaboration with think tanks and academic institutions. However, skeptics question potential conflicts of interest, highlighting the need for transparency in its operations.

“AI and blockchain technologies are set to restructure established sectors and create new markets, driving economic growth through task automation and modernising payment systems. However, they also pose risks, and their benefits may take another decade to materialise. Also, the migration of NFTs indicates belief in Bitcoin’s promise, though Ethereum still dominates the NFT market.”

Ethereum co-founder, Vitalik Buterin, proposes the use of zero-knowledge proofs (ZK-proofs) for ensuring financial compliance and privacy in the blockchain world. This method can verify claim affirmations without divulging all transaction details, thus balancing anonymity and accountability. However, acceptance and successful execution within the blockchain community and regulatory bodies will determine the viability of this potential revolution in blockchain technology.

In its first significant mishap, Ethereum Layer 2 network, Base, experienced an outage halting new block production. Despite quick repair and recovery, concerns about the reliability of such newer networks have been raised. The future of blockchain may be promising, but these newer platforms must work on technical robustness and gaining users’ trust. Meanwhile, Genesis Global Trading announced the voluntary cessation of its spot trading services, reflecting the stiff competition and constant evolution in the crypto market.

“The University of Cincinnati has developed a Crypto Literacy Scale (CLS) to standardize knowledge about cryptocurrencies and related technology. This initiative, “Measuring Crypto Literacy”, aims to bridge the gap between traditional financial literacy and understanding of cryptocurrencies’ intricate workings, promoting safer and more informed engagements in the blockchain world.”

“In the rapidly developing AI industry, customer trust is increasingly challenging to attain. Salesforce’s consumer survey indicates growing concerns over unethical AI applications; in fact, willingness to use AI has declined since last year. As the technology continuously evolves, public perception caught between efficiency and ethics will undoubtedly shape AI’s future trajectory.”

Python’s versatility and straightforward approach, supported by libraries like Django, Flask, Pandas, Matplotlib, TensorFlow, and scikit-learn, is fueling innovation across web development, data interpretation, machine learning, scientific computation and IoT. With this broad ecosystem and adaptability, Python is a leading force behind global technological transformation.

“The surge in blockchain users and transactions has increased data validation needs, impacting Bitcoin and Ethereum. This heightens concerns about the potential devaluation of decentralization as storage demands rise. ‘Stateless blockchain’ is a proposed solution, reducing storage limitations and increasing the possibilities for decentralization and security. However, challenges to user-friendliness and implementation balance remain.”

The Reserve Bank of Australia’s pilot program for a Central Bank Digital Currency (CBDC) has explored potential benefits and challenges of tokenized currencies such as an e-AUD. The program highlighted opportunities for financial innovation and resilience in the digital economy, but also demonstrated legal ambiguities and uncertainties surrounding CBDC use.

“Bitcoin and Ether miners are branching into new business areas including high performance computing services for the artificial intelligence industry, seeking to diversify revenue and reduce crypto reliance. This follows the Ethereum blockchain Merge, leaving a surplus of GPUs on the secondary market, used for gaming, rendering services and mining other cryptocurrencies.”