MIT

Shutterstock Assists OpenAI in Training for AI Models
Shutterstock Assists OpenAI in Training for AI Models
July 11, 2023  |  artificial intelligence

 Shutterstock and OpenAI have agreed to stick together for another six years. The expanded partnership, announced Tuesday (July 11), will help Shutterstock “solidify its position as a leading provider...

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OpenAI Takes Aim at ‘Hallucinations’ as More Businesses Integrate AI
OpenAI Takes Aim at ‘Hallucinations’ as More Businesses Integrate AI
June 01, 2023  |  artificial intelligence

Humanity has always tended to over-trust the computer. Simply put, we have a long history of misplaced, often naïve faith in next-big-thing technologies. This should...

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Boston Fed, MIT Study Paints Path Forward for Digital Dollar
Boston Fed, MIT Study Paints Path Forward for Digital Dollar
December 22, 2022  |  Cryptocurrency

A U.S. digital dollar is possible, and researchers have built the framework to prove it. That’s according to a multi-year project from the Federal Reserve...

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Visa, MIT Reports: Card-Present Fraud Rising as In-Store Shopping Returns
Visa, MIT Reports: Card-Present Fraud Rising as In-Store Shopping Returns
October 06, 2022  |  Cybersecurity

As consumers have returned to shopping in physical stores, scammers have stepped up their use of card-present threats.  For example, between June and November 2021,...

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Do CBDCs Need Blockchain? Growing Number of Central Banks Say No
Do CBDCs Need Blockchain? Growing Number of Central Banks Say No
April 13, 2022  |  CBDC

There has been a widespread assumption that central bank digital currencies (CBDCs) would be built on blockchain — or at least the distributed-ledger technology (DLT)...

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Web3 Expands Creator Access, Improves Competition
Web3 Expands Creator Access, Improves Competition
March 16, 2022  |  Technology

For many years, Google, Meta, Amazon and other Big Tech companies have been the dominant players of Web 2.0, the traditional way we use the...

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CBDC Weekly: China’s Digital Yuan Wrapping Up its Olympic Test Run
CBDC Weekly: China’s Digital Yuan Wrapping Up its Olympic Test Run
February 18, 2022  |  CBDC

The quest for a digital dollar plodded along this week, with the Boston Fed and Massachusetts Institute of Technology’s (MIT) Digital Currency Initiative announcing results...

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Boston Fed, MIT Digital Dollar Test Casts Doubt on Blockchain as Processing Platform
Boston Fed, MIT Digital Dollar Test Casts Doubt on Blockchain as Processing Platform
February 03, 2022  |  CBDC

A digital dollar experiment by the Boston Fed and MIT was able to produce a functioning and fault-tolerant central bank digital currency (CBDC) design that...

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Today In Payments: Banks Wary As Fed And MIT Prep Digital Currency Report; Jumio Lands $150 Million
Today In Payments: Banks Wary As Fed And MIT Prep Digital Currency Report; Jumio Lands...
March 23, 2021  |  News

In today’s top news, Boston’s Federal Reserve and MIT could reveal digital dollar prototypes this summer, and Jumio raised $150 million to expand its digital...

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