With technology continuously shaping the world, here are the top stories making waves in the tech realm today.
1. Ahead of sentencing, SBF team argues for 5-6 years in jail because FTX customers will get money back
Prosecutors seek 40-50 years for FTX founder Bankman-Fried, while defense urges a sentence 90% shorter. The verdict is anticipated to be delivered by Judge Lewis Kaplan in Manhattan. Bankman-Fried’s legal team is optimistic, hoping the judge considers the likelihood of FTX customers recovering their losses. (CNBC)
2. Fintech Awards London 2024 confirms Aon as headline sponsor with sponsorships in demand
Fintech Awards London, renowned for honoring London’s fintech sector, names Aon as headline sponsor for 2024. Aon’s expertise in risk and human capital solutions aligns with the event’s celebration of innovation. (The Fintech Times)
3. AI and compliance: The future of adverse media screening in fintech
The incorporation of Artificial Intelligence (AI) into financial services heralds a new era in compliance and regulation. Moody’s, an economic analysis provider, reports a global trend towards AI-based solutions for adverse media screening, streamlining operations, and minimiding regulatory risks. (Fintech Global)
4. French fintech ditches remittances in favour of DeFi
Tempo France shifts focus exclusively to decentralided finance (DeFi), suspending classical remittances. While holding a pan-European licence, Tempo plans to transition to web3, digital assets, and blockchain-based services. (Finextra)
5. General meeting May 2024: Registration and call for nominations open
Members can now register for the RIPE NCC General Meeting from May 22-24, 2024, held at the Metropolo Hotel by Golden Tulip in Kraków. Participation options include in-person or remote attendance, with livestream access, chat interaction, and electronic voting available. Agenda items cover board elections, financial reports, and policy decisions. (RIPE NCC)
6. Windows is under new management after Microsoft AI reshuffle
Microsoft consolidates management of Windows OS and Surface devices as its Windows and Web Experiences team leader resigns, potentially exiting the company. The reorganisation follows Microsoft’s appointment of a former Google AI executive to lead its new AI division. (Computer World)
7. Standardisation could open door to third-party chiplets in AMD designs
Senior AMD executives hint at future processors integrating domain-specific accelerators, potentially from third-party developers. Sam Naffziger, senior VP, emphasises chiplet standardisation in a video interview. (The Register)
8. Mark Zuckerberg told Facebook execs to ‘figure out’ how to track encrypted usage on rival apps like Snap and YouTube, unsealed documents show
Unsealed emails expose Meta’s CEO Mark Zuckerberg’s directive to executives to uncover insights into competitor app usage, notably Snapchat, even if encrypted. In a June 2016 email to Javier Olivan, Zuckerberg sought ways to bypass encryption, seeking detailed analytics amidst Snapchat’s rapid private growth. (Business Insider)
9. GLAAD report says Meta allows anti-trans hate to ‘flourish’ on its platforms
GLAAD, the largest LGBTQ+ media advocacy group, accuses Meta’s content moderation system of fostering an “epidemic of anti-transgender hate” on its platforms. (The Verge)
10. Elon Musk says all Premium subscribers on X will gain access to AI chatbot Grok this week
Elon Musk’s xAI, after open-sourcing its Grok large language model in March, plans to extend Grok chatbot access to more paying subscribers, including Premium tier users. (Tech Crunch)
11. Google will now let you use AI to build travel itineraries for your vacations
Generative AI tools like OpenAI’s ChatGPT offer a swift and efficient means to craft travel itineraries, revolutionising trip planning. (CNET)
12. European flying car technology sold to China
Chinese firm acquires European flying car technology. The AirCar, with a BMW engine, completes successful flights and transforms from car to aircraft in minutes. Hebei Jianxin Flying Car Technology Company secures exclusive rights for production and use in China’s designated areas. (BBC)
13. Apple announces WWDC 2024 with plans to highlight ‘visionOS advancements’
Apple’s WWDC, slated for June 10th – 14th, promises updates across iOS, iPadOS, macOS, watchOS, and tvOS, with a special focus on advancements in visionOS. (Road Tovr)
14. IoT Community coins ‘GenAIoT’ with enterprise in mind
The birth of the buzzword “GenAIoT” signals the convergence of generative AI and the Artificial Internet of Things (AIoT), aiming to operationalise industrial and enterprise IoT solutions. (IoT news)
