DeFi News Official TheBitTimes.com

U.K. lawmakers wish to unite global efforts to safeguard the masses against bad actors who misuse artificial intelligence, or AI. The U.K.’s House of Commons issued a report acknowledging the potential benefits of AI, such as enhanced productivity and innovative consumer products. However, regulators also highlight the challenges associated with the burgeoning tech, including privacy issues. The AI industry is evolving rapidly, particularly with the emergence of large language models like ChatGPT. These models have transformed AI into a versatile and ubiquitous technology. The report notes that the rapid development of AI has made governance and regulation discussions more urgent. Policymakers are called upon to ensure that AI’s positive impact can be harnessed while safeguarding against potential harm. Twelve key challenges in AI governance are identified, ranging from addressing bias and privacy issues to managing employment disruption due to AI. The report recognizes th...

Through the collaboration, Axelar will be the first cross-chain protocol to join Microsoft’s Azure marketplace. On July 11, cross-chain protocol Axelar and tech giant Microsoft announced a partnership to bridge public and private blockchains. The collaboration will see Axelar joining Microsoft’s Azure marketplace, becoming the first cross-chain protocol listed on the developer’s online store. Galen Moore, Axelar’s spokesperson, told Cointelegraph that the initiative would enable Axelar to reach tens of thousands of companies that use Azure, Microsoft’s cloud service. “This has tremendous potential for products that integrate established internet technology with public blockchain s in ways that are meaningful for users,” Moore stated. In the marketplace, developers will have access to tools via the AxelarJS software development kit (SDK), as well as Axelar’s general message passing, which helps developers integrate functionality independently of blockchain s and databases. The companie...

Polygon Copilot Caters to All User Levels The beta launch was announced on Twitter earlier today by Polygon Labs. Polygon Copilot, as it is referred to, is an AI-powered guide trained on all public Polygon (MATIC) documentation and general Web3.0 content. With all of this information, it is able to offer important insights, analytics, and guidance across different aspects of the ecosystem.  advertisement It is specifically powered by Layer-E, a start-up focused on Web3 content monetization and OpenAI ChatGPT which was released a couple of months ago. Users can get information across several domains like Non-Fungible Tokens (NFTs), Decentralized Applications (DApps), gaming, Decentralized Finance (DeFi), and social networks via this tool, especially during an onboarding process.  It is designed in such a way that makes it easier for users to navigate whether they are serious builders, an enthusiast, or just a curious user. Also, it can effectively cater...

The hype around artificial intelligence [AI] technology reached China. However, the government clearly did not want its citizens to use a Westernized tool. Therefore, several tech giants in the region came forward to create their own version of OpenAI’s ChatGPT. Alibaba got into the race by revealing an AI tool called Tongyi Qianwen. The software is expected to be integrated across all of Alibaba ’s platforms. The firm’s CEO Daniel Zhang noted that the chatbot would release in the “near future”. As a result, det AI ls about the timeline are uncert AI n at the moment. Nevertheless, the world now knows that Alibaba is in the AI game. Tongyi Qianwen hasn’t been given an English version of its name yet. But, it translates to “seeking an answer by asking a thousand questions.” Tongyi Qianwen, which can operate in both Chinese and English, will initially be added to DingTalk, Alibaba’s office messaging app, according to the firm. It was trained on enormous amounts of data to produce per...