Home Web3 Diaries-EU AI Act Passes In Parliament

Web3 Diaries-EU AI Act Passes In Parliament

Share
Share

Web3 Diaries-EU AI Act Passes In Parliament

The European Parliament has passed the EU AI Act, a sweeping legislative framework for governance and oversight of artificial intelligence technologies in the European Union.

The measure passed in Parliament during a June 14 vote that saw majority support for the act in the form of 499 votes for, 28 against and 93 abstaining. The next step before the bill becomes law will involve individual negotiations with members of the European Parliament to smooth out the details. Initially proposed by the European Commission on April 21, the EU AI Act is a comprehensive set of rules for AI development in the EU.

Once implemented, the act would prohibit certain types of artificial intelligence services and products while limiting or placing restrictions on others.

AI Automation Could Take Over 50% Of Today’s Work Activity By 2045: Mckinsey

In just 22 years, generative AI may be able to fully automate half of all work activity conducted today, including tasks related to decision-making, management, and interfacing with stakeholders, according to a new report from McKinsey & Co.

The prediction came from the management consulting firm report on June 14, forecasting 75% of generative AI value creation will come from customer service operations, marketing and sales, software engineering, as well as research and development positions.

The firm explained that recent developments in generative AI has “accelerated” its “midpoint” prediction by nearly a decade from 2053 — its 2016 estimate — to 2045.

 ‘Metaverse’ Has A Potential To Cut Global Warming

For many technology enthusiasts, the metaverse – a virtual 3D environment in which the physical and digital worlds converge – has the potential to transform almost every facet of human life, from work to education to entertainment.

New Cornell research shows the metaverse could have environmental benefits, too: lowering the global surface temperature by up to 0.02 degrees Celsius before the end of the century.

The team’s paper, “Growing Metaverse Sector Can Reduce Greenhouse Gas Emissions by 10 Gt CO2e in the United States by 2050,” published June 14 in Energy and Environmental Science. The lead author is doctoral student Ning Zhao.

Share

Latest News

News
"Polygon’s Rio Upgrade Boosts Network To 5,000 TPS For Global Payments | 3.0 TV (3versetv)"

Polygon’s Rio Upgrade Boosts Network To 5,000 TPS For Global Payments

Polygon Labs has rolled out the Rio upgrade on mainnet, marking the network’s biggest step toward becoming a high-speed payment layer. Rio...

News
UK Regulator Lifts Ban On Crypto ETNs | 3.0 TV (3versetv)

UK Regulator Lifts Ban On Crypto ETNs, Opening Market To Retail Investors

In a landmark decision, the UK Financial Conduct Authority has ended its three-year ban on crypto exchange-traded notes, allowing retail investors to...

News
SWIFT Partners with Ethereum: ConsenSys Building Blockchain Prototype, Confirms Joe Lubin

SWIFT Partners with Ethereum: ConsenSys Building Blockchain Prototype, Confirms Joe Lubin

Ethereum co-founder and ConsenSys chief Joseph Lubin, announced on Bloomberg Crypto that ConsenSys is building the prototype for SWIFT’S blockchain based shared...

News
Coinbase Gains Approval To Offer Staking In New York | 3.0 TV (3versetv)

Coinbase Gains Approval To Offer Staking In New York

Cryptocurrency exchange Coinbase has received approval from New York regulators to offer staking services to local residents, allowing them to earn rewards...

Latest Blogs

3.0 TV (3versetv): Your Gateway to the Future of Web3, Blockchain, and AI News

The internet’s future is being reshaped by Web3 Blockchain and Artificial Intelligence (AI) through 3.0 TV (3versetv) which delivers authentic fast and...

EU Eyes Ban on Multi-issuance Stablecoins: Implications for Crypto and Payments

On 30th September 2025, the European Systemic Risk Board under the European Union made a daring recommendation to ban multi-issuance stablecoins, which...

Bitcoin Spot vs. Derivatives Trading: What’s the Difference?

Why This Matters for Traders? Bitcoin traders who want to start trading need to understand the distinction between spot trading and derivatives...

Crypto Job Scams: How Hackers Trick Applicants and How to Stay Safe

The Rise of Crypto Job Fraud The rising interest in cryptocurrencies and blockchain technology has attracted scammers who exploit job seekers’ enthusiasm...

Related Articles

3.0 TV (3versetv): Your Gateway to the Future of Web3, Blockchain, and AI News

The internet’s future is being reshaped by Web3 Blockchain and Artificial Intelligence...

EU Eyes Ban on Multi-issuance Stablecoins: Implications for Crypto and Payments

On 30th September 2025, the European Systemic Risk Board under the European...

Bitcoin Spot vs. Derivatives Trading: What’s the Difference?

Why This Matters for Traders? Bitcoin traders who want to start trading...

Crypto Job Scams: How Hackers Trick Applicants and How to Stay Safe

The Rise of Crypto Job Fraud The rising interest in cryptocurrencies and...