South Korea’s regulations prohibiting corporations from opening virtual asset exchange accounts are making it impossible for local universities to liquidate their large cryptocurrency donations. Financial authorities cite money laundering concerns as the reason for maintaining the ban.
Education Ministry and Financial Intelligence Unit Favor Maintaining Ban
South Korean universities are…
Xbox has released its fourth Transparency Report, in which it details its efforts to protect players and what countermeasures it’s using to stave off toxicity and harmful elements. According to Xbox, it has invested in “the responsible application of AI” to help…
Roblox reported that its first quarter bookings reached $923.8 million, up 19% at a time when much of the game industry has reported weak results.
However, the company’s stock price has fallen 27.36% in trading to $28.32 a share this morning due to a weak financial…
Video game publisher Electronic Arts forecasted full-year bookings for the coming year that fell below Wall Street’s expectations.
The company’s forecast fell short of analyst expectations for the fiscal year ending March 31, 2025. The midpoint of EA’s forecast range $7.3 billion to $7.76 billion was $7.5 billion, and that fell short of analyst expectations of $7.7 billion for the FY25…
A federal court awarded a $14.4 million judgment to Activision Publishing in its lawsuit against EngineOwning UG, Garnatz Enterprise Ltd, and 11 individuals.
U.S. District Court Judge Michael W. Fitzgerald in California issued the default judgment against the defendants. The…
Companies no longer need to buy a ChatGPT Enterprise license directly from OpenAI. They can now purchase the gen AI service through the multinational professional service consultancy PwC. Until today, businesses could only subscribe to the enterprise option by reaching out…
Kinetix, the generative AI startup creating user-generated emotes (UGE) for video games, has teamed up with Overdare to put generative AI in the hands of gamers.
Overdare is a user-generated content (UGC) platform from South Korean publishing giant Krafton. Today, the companies are placing the power of generative AI directly into the hands of gamers.
Enabling completely new, previously impossible…
OpenAI is devouring the media industry
May 30, 2024
Let’s make one thing clear up front: I’m generally pro-generative AI. At least, I am a lot more amenable to it — and use it myself daily in the form of parsing information via ChatGPT and generating images with it and Midjourney — than many of my peers in the…
Let’s just face it, America. We’ve got a weight problem. No, not that weight problem. It’s the size of the cars. The best-selling vehicles in the US are all of the biggest, heaviest, and most oversized models available. But it doesn’t have to be that way. A new crop…
Wyoming just approved its largest solar farm – 771 megawatts (MW) of utility-scale solar plus battery storage.
Developer Enbridge has been issued a siting permit by the Industrial Siting Council to construct and operate Cowboy Solar I & II on private land leases in Laramie County, in the state’s southeast corner. Next steps will be to obtain county, environmental, and municipal…
