Chinese AI firm Kunlun Tech revenue jumps 43.6% in H1

Bolt opens ride-hailing to ChatGPT’s 900m users

Bolt now allows users to book rides directly through ChatGPT, expanding its reach to 900 million users. Discover how this AI integration simplifies ride-ha Read More: https://punchng.com/bolt-opens-ride-hailing-to-chatgpts-900m-users/

2h ago ·punchng.com

ChatGPT for Teens is step forward. It’s not enough

2h ago ·indianexpress.com

The country's five major coin exchanges will utilize artificial intelligence to detect and prevent market manipulation. This move comes as part of an effort to strengthen surveillance of the digital asset market. According to the Digital Asset Exchange Alliance on the 27th, the five major exchanges, including Upbit, Bithumb, Coinone, Korbit, and Gopax, have decided to apply AI-based market manipulation detection systems. The exchanges plan to use machine learning algorithms to analyze abnormal trading patterns and detect market manipulation in real-time. Previously, it took about three days to analyze suspicious transactions in depth, but with the new system, this process will be shortened to about one hour. The exchanges also plan to share information on suspicious transactions and collaborate with the authorities in charge of on-site inspections. An official from the exchange alliance said, "We expect that the AI-based market manipulation detection system will play a significant role in preventing market manipulation and enhancing market fairness." The introduction of the new system is also seen as a move to preemptively respond to the government's plan to strengthen regulations on the digital asset market. The Financial Services Commission announced on the 25th that it will establish a digital asset market abuse prevention and detection system and strengthen regulations on unfair trading. The government plans to revise the Virtual Asset Service Provider Guidelines to require exchanges to monitor and report suspicious transactions. The five major exchanges are also expected to expand their surveillance of digital assets. Currently, each exchange is conducting its own surveillance of digital assets, but there are limitations in terms of technology and manpower. The exchange alliance plans to support the improvement of the digital asset market by strengthening the exchanges' autonomous surveillance capabilities. The alliance also plans to establish a digital asset market monitoring system that can respond to changes in the market and provide support for the government and the industry.

2h ago ·hani.co.kr