Bitcoin holds above $50k as alt markets falter October 6, 2021 Bitcoin continues to look strong this week, yesterday peaking at almost $52k – the highest it’s been in nearly a month.
Google owned AI firm DeepMind turns profit for first time October 6, 2021 Google’s AI department DeepMind turned a profit for the first time ever in 2020 as turnover soared to £868m. Profits stood at £44m in 2020, up from a loss of £477m a year prior, as annual turnover jumped by more than £560m from £266m in 2019. The results, posted on Companies’ House, give the first [...]
Facebook’s artificial intelligence catches little offending content, says whistleblower October 6, 2021 Whistleblower Frances Haugen testified in a congressional hearing that “Facebook’s AI systems only catch a very tiny minority of offending content. And best case scenario, and the case of something like hate speech, at most they will ever get 10 to 20 percent.” Watch the full report.
Facebook accused of being ‘morally bankrupt’ at whistleblower Frances Haugen Senate hearing October 5, 2021 Whistleblower Frances Haugen is testifying against Facebook before the US Senate, and has accused the firm of putting “astronomical profits before people” and said it “harms children.” Haugen, a former Facebook product manager, began her testimony by saying: “I believe Facebook’s products harm children, stoke division and weaken our democracy.” During the committee hearing, Senator Blumenthal, [...]
Bitcoin rises to $50k again as Wall Street drops amid inflation fears October 5, 2021 Bitcoin - the leading cryptocurrency - is currently trading at around $50,200, up almost six per cent over the past 24 hours.
Conservative conference: Rishi Sunak declares the ‘future is here’ October 4, 2021 Rishi Sunak has declared the “future is here” in his party conference speech as he vowed to bring the UK’s economy into the 21st century. The chancellor said “I want tax cuts”, but that first “public finances must be put back on a sustainable footing”. It comes after the government recently increased National Insurance Contributions [...]
Powell comments spark Bitcoin resurgence back towards $50k October 4, 2021 A strong weekend in the cryptocurrency markets saw Bitcoin rise in price by almost 10 per cent, and currently trading at just below $48,000.
Fear grips markets while Bitcoin holds at over $43k October 1, 2021 Bitcoin has banked more people in three weeks than the entire banking system did in several decades, writes Jason Deane.
Starmer promises ‘strong economy’ and tells Johnson to ‘get a grip or get out of the way’ September 29, 2021 Sir Keir Starmer has vowed in his party conference speech to “never again under my leadership go into an election with a manifesto that is not a serious plan for government”, while promising four times to deliver a “strong economy”. The Labour leader said “the good society and the strong economy” are “partners” as he [...]
Cryptocurrency markets struggle again as debt ceiling deal fails September 29, 2021 The prices of Bitcoin and other major cryptocurrencies are largely flat over the last 24 hours, though still down slightly from before Friday’s news about China.