So a big company, SoftBank, which is a big part of the internet, has decided to put a lot of money into another big company called OpenAI. This second company makes very good AI machines that can even write like a human.

### INVESTOR'S NEWS:
SoftBank is planning to invest $500 million in OpenAI, a company that is developing AI technology. The investment is part of a larger $6.5 billion funding round that values OpenAI at $150 billion. The investment will be made through SoftBank’s second Vision Fund, which is backed primarily by the personal wealth of SoftBank CEO Masayoshi Son. Read from source...

AI in media becomes introspective

OpenAI CEO Sam Altman told US lawmakers that artificial intelligence should be regulated by the government and highlighted the need for safeguards to protect society. However, he also acknowledged that this would be a challenging task due to the rapid pace of development in AI technology.

Altman's comments come as concerns mount about the potential risks associated with AI, such as misuse, job displacement, and the potential for AI systems to generate harmful content. He emphasized that AI can be "very powerful, very good, or very bad," depending on how it is used.

Some critics have argued that the push for regulation is premature, given that AI is still in its early stages of development. However, Altman pointed out that the rapid pace of AI progress means that it's essential to start discussing regulation now, before it becomes too difficult to control.

One potential challenge in regulating AI is determining who should be responsible for the actions of AI systems. Altman suggested that companies creating AI systems should be held accountable for their creations. However, this raises questions about how to enforce such accountability and whether it would be effective in preventing misuse of AI.

Another challenge is ensuring that AI systems are developed and used in a way that is fair and equitable. Altman acknowledged that AI can perpetuate biases and inequalities, and emphasized the need for diverse perspectives in AI development to help mitigate these issues.

While there is still much debate about how best to regulate AI, it is clear that this is an issue that will only become more important as the technology continues to evolve. As Altman said, "We need to get this right."

neutral

Source: benzinga.com

# AXDIC Claims Binance Tried to Hide Evidence of a Cyber Attack

the decrypt

Decrypting the Hive Mind of Blockchain and Cryptocurrency

AXDIC, a cybersecurity tool utilized by numerous cryptocurrency firms, claimed that the world's largest exchange by volume, Binance, attempted to hide the details of a cyber attack. The attack was revealed by AXDIC, which claimed that Binance failed to report the incident to its users.

According to AXDIC, the cyber attack occurred on February 25th, with multiple security events targeting the exchange. The attack also caused a delay in the Binance blockchain, leading to network instability. Despite the attack, Binance failed to report it to its users, and instead claimed that the delay was due to a network issue.

AXDIC claims that Binance tried to cover up the attack by providing false information about the cause of the network delay. The tool also claims that Binance failed to report the incident to regulatory authorities.

However, when confronted by AXDIC, Binance acknowledged the cyber attack and claimed that it had reported it to the relevant authorities. Nevertheless, AXDIC maintains that the exchange failed to report the incident to its users, which could have potentially caused further harm.

This incident highlights the need for transparency and accountability in the cryptocurrency industry. As cryptocurrencies continue to grow in popularity, the need for robust cybersecurity measures is becoming increasingly important.

AXDIC's claims also raise questions about the level of security offered by the largest cryptocurrency exchange in the world. If Binance is unable to properly protect its users' data, it could lead to a loss of trust in the exchange and the industry as a whole.

It remains to be seen how this incident will affect Binance and the cryptocurrency industry as a whole. However, one thing is certain - transparency and accountability are crucial in the world of cryptocurrencies.

Source: decrypt.co

# Klaytn Has Doubled in Price Since Bitcoin in 2024

coindesk

Cryptocurrency news website CoinDesk reported that Klaytn, an Ethereum-based blockchain developed by South Korean Internet giant Kakao, has increased its price by 100% since the start of 2024, outpacing Bitcoin and Ethereum in terms of percentage growth.

The surge in Klaytn's price is likely due to a number of factors, including increased interest in cryptocurrencies and blockchain technology in South Korea. Kakao, which is one of the largest companies in