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Fed Gov Speaks Up on HAVs, Google’s Allo Chats Smarter, and More – This Week in Artificial Intelligence 9-23-16

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Fed Gov Speaks Up on HAVs, Google's Allo Chats Smarter, and More - This Week in Artificial Intelligence 9-23-16

1 – Self-Driving Cars: Feds Release Long-Awaited Rules

On Tuesday, the federal government released its long-anticipated new rules for self-driving cars. In a press release, U.S. Transportation Secretary Anthony Foxx stated,

“Automated vehicles have the potential to save thousands of lives, driving the single biggest leap in road safety that our country has ever taken.”

The guidelines are flexible and meant to evolve as the technology behind autonomous cars advances. While the suggested framework will be assimilated into state rules on regulation of human drivers, registration, traffic laws and enforcement, insurance and liability, the federal government foresees the National Highway Traffic Safety Administration maintaining control of regulation of motor vehicles and equipment, a move meant to encourage innovation but also set a bar for safety standards. The new 103-page policy includes a 15-point safety standard for “highly automated vehicle” (HAVs) manufacturers.

(Read the full article on SiliconBeat and access the policy on Transportation.gov)

2 – Say Hello to Google Allo: A Smarter Messaging App

Google introduced its new, smarter messaging app – Google Allo – on Tuesday this week. In addition to smarter chat features, users will get an initial taste of Google assistant, integrated intoga_contextualthe platform. Allo’s Smart Reply feature suggests simple responses to comments and photos, which are meant to become more aligned to your personality over time as Allo learns typical responses.

Users can pull up Google Assistant within a chat (as opposed to having to leave and open a separate Siri or browser window), which will provide resources based on your requests (say, finding a tutorial for making sushi). Google Allo also has end-to-end encryption technology, allowing users to initiate an “Incognito” chat, with “discreet” notifications and message expiration features.

(Read the full article on Google’s Blog)

3 – How Microsoft Computer Scientists and Researchers are Working to ‘Solve‘ Cancer

Different teams of Microsoft researchers, engineers and programmers in labs around the world are taking different but complementary approaches to solving cancer. Microsoft’s big picture philosophy, as described by Corporate Vice President Jeanette Wing, involves two approaches: the first is that cancer (and all biological processes) are information processing systems that can be mimicked in and potential solutions tried out on models; the second is data-driven and involves applying machine learning methods to the influx of data becoming available from cancer patients and treatments.

“We can use methods that we’ve developed for programming computers to program biology, and then unlock even more applications and even better treatments,”

said Andrew Phillips, head of the biological computation research group at Microsoft’s Cambridge, U.K. Lab. Example ongoing efforts include using machine learning and natural language processing to help oncologists create individualized cancer treatments; creating algorithms to help scientists understand how cancers develop and which treatments might work; and engineering novels ways to – one day – introduce program cells to fight diseases like cancer.

(Read the full article on Microsoft News)

4 – Elastic Acquires Behavioral Analytics Leader Prelert

Mountain View- and Amsterdam-based Elastic, one of the largest provides of open-source products for search and analytics (through tools Elasticsearch and the Elastic Stack) announced its acquisition of Prelert, a leader in behavior analytics. Founded in 2008, Prelert provides technology to enterprises that helps them automate the detection of anomalies in big databases and predicts next steps and potential scenarios. Elastic plans to integrate Prelert technology into the Elastic Stack by 2017, which will allow Elastic customers to create solutions for issues involving cybersecurity, fraud detection, IT operations analytics, and other complex solutions. An acquisition price was not provided.

(Read the full press release on Elastic)

5 – Salesforce Introduces Salesforce Einstein—Artificial Intelligence for Everyone

On Monday, Salesforce introduced its new AI-powered CRM Platform, Einstein. Salesforce Einstein’s AI features will be rolled out across multiple cloud platforms, including sales, service, marketing, commerce, community, analytics, and IoT. The technology, which makes use of “advanced machine learning, deep learning, predictive analytics, natural language processing, and smart data discovery”, creates customized predictive and self-learning models for every customers, helping them to decide on next actions and automating necessary steps forward. The technology draws on a massive database that includes customer data; email and eCommerce data; social data streams; and IoT signals, to train these models. In the same press release, Salesforce also announced the creation of a new Salesforce Research Group, under the leadership of Richard Socher, which will focus on cutting-edge AI research across deep learning, natural language processing, and computer vision for its products.

(Read the full press release on Salesforce News)

Image credit: SiliconBeat

Source: https://emerj.com/fed-gov-speaks-havs-googles-allo-chats-smarter-week-artificial-intelligence-9-23-16/

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Biggest Bank in Venezuela Suffers 5 Day Outage After Hack Attempt

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The Bank of Venezuela, one of the biggest state banks in the country, is now experiencing an outage that has left its customers without services for five days. The bank published a PR statement stating this was the result of a “terrorist attack” on the national financial system, being perpetrated in the form of a massive hack. More than 16 million customers are still without banking services at the time of writing.

Bank of Venezuela Hacked In “Terrorist Attack”

The Bank of Venezuela, one of the biggest financial institutions in the country, servicing more than 16 million customers, is facing an outage that has left its online platform without service for five days. Bank customers starting complaining about the outage for these services on September 15, when some of them took their concerns to social media.

At that time, a worker of the bank told local media that the outage was the product of several adaptations that were being made to the online platform of the bank to support the Digital Bolivar redenomination plan. The bank issued a PR statement via social networks stating it was working to restitute the service on September 16.

However, this did not happen. On September 17, the bank issued yet another statement revealing the institution had been hacked as an attempt to perpetuate a “terrorist attack” on the national financial system. The statement also told users their financial information was safe, and that the bank was still working to restitute the services. No more details were offered.

16 Million Users Affected; Restitution Announced

The aftermath of this left more than 16 million users without banking services for a week. This means that a lot of people couldn’t make goods and services purchases and they are still waiting to make their everyday expenses.

Some of these users complained about this and stated this outage made them unable to buy food and medicines for their families. However, the Bank of Venezuela outed a statement stating their services will be restituted. The statement claims that services will be available again on September 20 and that the institution managed to preserve the integrity of the data, meaning that users will be able to access their accounts with the same information.

This is one of the longest outages that any bank had faced in the story of the country and reinforces the importance of the existence of an alternate finance system like cryptocurrencies, that would help deal with this kind of event.

What do you think about the Bank of Venezuela’s 5-day service outage? Tell us in the comments section below.

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Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Source: https://news.bitcoin.com/biggest-bank-in-venezuela-suffers-5-day-outage-after-hack-attempt/

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Ethereum NFT Fantasy Soccer Game Sorare Raises $680 Million

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In brief

  • Sorare, a fantasy soccer game based on Ethereum NFT cards, has raised $680 million at a valuation of $4.3 billion.
  • The French startup plans to expand into other sports, onboard women’s soccer teams, and open a U.S. office.

Sorare, an Ethereum-based fantasy soccer game based around NFT trading cards, has grown significantly in 2021 with a rising player base and sizable trading volume, not to mention dozens of new licensed teams in the mix. Today, the French startup put an exclamation mark on that upward momentum with the announcement of a $680 million funding round.

The $680 million Series B round values the company at $4.3 billion and follows a $50 million Series A round that was announced back in February. This new Series B round was led by Japanese tech and investment conglomerate SoftBank, which has a number of existing crypto industry dealings, particularly through its SBI Holdings financial services division.

Sorare is currently focused specifically on soccer, with players from more than 175 licensed clubs available in the game. Popular clubs like FC Barcelona, Juventus FC, and Paris Saint-Germain FC are part of Sorare, as is the United States’ Major League Soccer Players Association—just the players, not the clubs themselves.

Nicolas Julia, co-founder and CEO of Sorare, told Decrypt this week that the company plans to expand into other sports, as well. It will also open a United States-based office in the coming months to “help us continue to grow with fans and sports leagues” in the country, he said.

“We have ambitious plans to keep growing Sorare into a sports entertainment giant,” Julia said. “The new funding will be used to help us continue to grow a world-class team, expand to new leagues and new sports, and keep improving our experience for users, including shipping a mobile app.”

Like Dapper Labs’ NBA Top Shot, Sorare is built around NFTs based on professional athletes. An NFT acts like a deed of ownership to a provably scarce digital item. In the case of Sorare, it’s a digital trading card that can be bought and resold, with each available in limited quantities. One such NFT card sold for nearly $290,000 worth of ETH in March, for example.

Unlike Top Shot, however, Sorare has an ongoing game component. It’s similar to other fantasy sports in that you can choose a lineup of pro players each week and enter leagues with other users, earning points based on your players’ respective real-world performances. With Sorare, you can only build your team with the player cards you own, but there are rewards in the form of rare cards and ETH.

According to the company, Sorare has seen more than $150 million worth of trading volume since the start of 2021, and has more than 600,000 registered users on the platform. Sorare aims to onboard the top 20 soccer leagues and top 50 soccer associations around the world, as well as bring in women’s soccer clubs to join the current selection of men’s teams.

The $680 million Series B round—which Sorare dubbed Europe’s largest to date—also includes participation from new investors Atomico, D1 Capital, Bessemer Ventures, Eurazeo, IVP, Hillhouse, and Liontree, as well as existing Sorare investors Accel, Benchmark, and Headline.

Professional soccer players Gerard Piqué, Antoine Griezmann, Rio Ferdinand, and César Azpilicueta also invested in this round. February’s Series A round, meanwhile, included notable investors such as entrepreneur and NFT enthusiast Gary Vaynerchuk, as well as Seven Seven Six founder and Reddit co-founder Alexis Ohanian.

Sorare also has close ties to leading game publisher Ubisoft. The startup took part in Ubisoft’s Entrepreneurs Lab accelerator program, plus the companies collaborated this spring on One Shot League, a Sorare spinoff game focused on Belgium’s Jupiler Pro League.

Source: https://decrypt.co/81332/ethereum-nft-fantasy-soccer-game-sorare-raises-680-million

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60 Cryptocurrency Exchanges in South Korea to Shut Down All or Some Services This Week

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The deadline for cryptocurrency exchanges and wallet operators to comply with the new regulatory requirements to stay open in South Korea is this week. So far, only one crypto exchange has been licensed to continue operations. About 60 crypto exchanges are expected to either shut down or reduce services.

60 Crypto Exchanges Expected to Shut Down or Reduce Services

Under the “Act on the Reporting and Use of Specific Financial Transaction Information (Special Act),” crypto exchanges must be Information Security Management System (ISMS)-certified and register with the South Korean Financial Intelligence Unit (FIU) by Sept. 24. Crypto exchanges that fail to do either must cease operations on that date.

According to local media, 34 exchanges have not received ISMS certification, so they are expected to shut down entirely on Sept. 24.

A total of 29 crypto exchanges have been ISMS-certified but only one has successfully registered with the FIU, a unit of the Financial Services Commission (FSC), the country’s top financial regulator.

The Financial Intelligence Unit held its first crypto business review meeting Friday to review the report submitted by Dunamu Inc., the operator of Upbit, the largest crypto exchange in the country. The review committee accepted the report, making Upbit the first licensed crypto exchange operator in the country.

The FIU further revealed Friday that besides Upbit, four other crypto exchange operators have submitted a report: Bithumb, Korbit, Coinone, and Korea Digital Exchange (Flybit). In addition, a wallet operator, Korea Digital Asset (KODA), has also submitted a report.

The FSC said:

Considering that there is one week left until the 24th, virtual asset providers who have not yet filed a report should file a report promptly.

In addition, registered crypto exchanges that want to offer trading in Korean won must also partner with banks to provide users with real-name verified accounts. So far, only the country’s largest exchanges — Upbit, Bithumb, Coinone, and Korbit — have secured banking partnerships. Banks are reluctant to partner with smaller exchanges due to risks such as money laundering.

That means, 25 crypto exchanges out of the 29 that have been ISMS-certified will be crypto-only exchanges if they successfully register with the FIU. They must cease offering trading in Korean won by Sept. 24 and should have already notified their customers as required by the financial regulators. Four companies — Gopax, Gdac, Hanbitco, and Huobi Korea — said they are still working to secure banking partnerships by the deadline.

Currently, out of 63 crypto exchanges, only the top four exchanges will continue to operate as normal. The rest will either shut down or reduce services.

What do you think about all these crypto exchanges having to shut down under the new regulation? Let us know in the comments section below.

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Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Source: https://news.bitcoin.com/60-cryptocurrency-exchanges-south-korea-shut-down-all-or-some-services/

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