Web3 Diaries-FTX To Sell Its Crypto Holdings
A Judge in the U.S. Bankruptcy Court for the District of Delaware has ruled that defunct crypto exchange FTX can sell and invest its crypto holdings to pay back creditors.
Judge John Dorsey said in a court hearing that he approved the motion and overruled two objections that were made opposing the plan. This allows FTX to sell, stake and hedge its crypto holdings worth over $3.4 billion.
Californian Lawmaker Proposes Legislation To Protect Actors From AI Clones
A California congressman has proposed a bill that would require work contracts to contain informed consent when it comes to digital replicas in order to protect performers, artists, and entertainers from artificial intelligence.
The bill’s sponsor, California Assembly Member Ash Kalra, stated that the use of generative AI should be prohibited absent a collective bargaining agreement between the parties since it poses a “real threat” to workers in the entertainment sector.
Assembly Bill 459, the proposed law, will eventually be referred to a committee, whose members will examine, debate, and revise it before it is presented to the chamber for a vote.
Tech Leaders Bat For Regulating AI
Top executives of the global tech giants held a closed-door meeting with the U.S. lawmakers in Washington D.C., have discussed Artificial Intelligence (AI) technology and potential approaches to regulation.
The symposium called ‘AI Insight Forum’ was organized by Senate Majority Leader Chuck Schumer, and attended by 22 tech titans including X (Twitter) owner Elon Musk, Google’s Sundar Pichai, Meta CEO Mark Zuckerberg, Sam Altman from OpenAI and Microsoft founder Bill Gates, according to the New York Times.
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