A federal judge has ordered the U.S. Securities and Exchange Commission (SEC) to pay over $1.8 million in its case against the crypto firm Digital Licensing, also known as Debt Box. The penalty resulted from the SEC’s bad faith conduct in obtaining and defending an ex parte temporary restraining order (TRO) based on misrepresentations. Additionally, the judge granted the SEC’s motion to…
TRUMP Coin Reaches All-Time High as Trump-Themed Cryptos See Major Gains – Market Updates Bitcoin News
May 31, 2024
The presidential meme coin fervor persists, with the token maga (TRUMP) hitting an all-time high of $15.45 on Wednesday. This surge elevated the value of Donald Trump’s TRUMP coins to $8.06 million on May 29. Additionally, various Trump-related crypto assets are emerging…
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…
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 improve detection. The report also reveals how the company’s recently launched safety tools are working for the community…
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…
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 judge held them liable for $14.465 million in statutory damages and $292,912 in attorneys’ fees.
The individuals named…
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…
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 journalism industry.
Nonetheless, I am curious and concerned about the recent trend of OpenAI, maker of ChatGPT and its underlying…
