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  • No Must Worry AI, Says AI ‘Godfather’ Yann LeCun. Hong Kong Urges 3 Main Banks to Serve Crypto Exchanges.

No Must Worry AI, Says AI ‘Godfather’ Yann LeCun. Hong Kong Urges 3 Main Banks to Serve Crypto Exchanges.

The feedback had been delivered by Meta’s senior AI researcher throughout a press convention in Paris

Good morning tech fam, listed below are some fast tech updates so that you can catch on to!

What’s New Right now: Oracle’s Well being Unit Shrinks with Job Cuts and Rescinded Provides.

Quick-Observe Insights: Hong Kong Urges 3 Main Banks to Serve Crypto Exchanges.

 AI receives lots of consideration. The general public outcry concerning AI taking human jobs has skyrocketed ever because the sensational chatbot ChatGPT was launched by OpenAI. Unfounded issues about job loss have been voiced by thousands and thousands of individuals. These worries have additionally been exacerbated by the speedy developments in AI applied sciences. Nevertheless, maybe the complete world can exhale a sigh of aid.

The Insider, citing three folks with data of the state of affairs, reported that software program firm Oracle (ORCL.N) in the reduction of on open positions in its well being unit, rescinded job presents, and laid off lots of of staff on Thursday. Firms in america are coping with excessive ranges of inflation and rising rates of interest, resulting in hundreds of layoffs. Cerner, an digital medical data firm, is a part of Oracle’s well being unit. In December of final yr, Oracle purchased Cerner for US$28.3 billion, its largest acquisition ever.

ChatGPT and different generative AI platforms in enterprises have grown considerably. In spite of everything, these artificial intelligence platforms can execute numerous job duties with the proper cues, from emailing and coding to venture administration and buyer care help. The expertise is, nevertheless, very contentious, with all kinds of detractors involved about AI’s doable results on the industrial sector. The first drive behind the motion to outlaw generative AI is uncertainty about its accuracy, though there are lots of extra arguments for doing so. Read More

 To simply accept cryptocurrency exchanges as purchasers, the Hong Kong Financial Authority (HKMA) is exerting strain on HSBC, Normal Chartered, and Financial institution of China. In a letter to banks dated April 27, the HKMA said that doing due diligence on potential purchasers shouldn’t “create an undue burden,” particularly “for these establishing an workplace in Hong Kong to search for the alternatives right here.”