Crypto exchange Binance is reportedly planning to lay off a significant number of employees in response to an ongoing probe by the United States Department of Justice (DOJ). The investigation is expected to conclude with a consent decree or settlement, according to an anonymous insider familiar with the company’s plans. The job cuts are set
A team of researchers from Skoltech has introduced a groundbreaking model aimed at enhancing the planning stage of oil well development. By comparing prospective wells with existing ones in the vicinity, this model can provide valuable data to predict the oil-producing properties of a well and improve drilling techniques. The study, published in IEEE Geoscience
Former CEO of Celsius, Alex Mashinsky, was taken into custody on Thursday on federal securities fraud charges, according to a source familiar with the matter. This arrest comes as the bankrupt cryptocurrency exchange has reached a settlement agreement with government regulators, agreeing to pay a record-breaking $4.7 billion fine. Alongside the arrest, the exchange has
Smartphone apps have become an essential tool for travel and navigation. However, many of these apps are inaccessible to people with disabilities who rely on public transit. Inclusive technology can play a crucial role in helping individuals with disabilities navigate transportation systems and access various services. This article explores the current state of accessibility in
Enterprises today are extensively experimenting with large language models (LLMs) and generative AI. According to Matt Carbonara, the managing director at Citi Ventures, these enterprises can be divided into two categories. The first category consists of more conservative enterprises that are adopting this technology in a centralized manner. They are establishing centers of excellence and
A bill in California that aimed to compel tech giants like Facebook and Google to pay publishers for news content has been postponed until 2024. The California Journalism Competition and Preservation Act, sponsored by Assemblymember Buffy Wicks, D-Oakland, proposed that digital advertising giants should pay news outlets a “journalism usage fee” whenever they sell advertising
VentureBeat Transform event this year put the spotlight on generative AI, a technology that has been causing significant shifts and generating both excitement and concern. During the event, top experts from various industries shared their experiences and discussed how they are leveraging generative models, such as ChatGPT, to enhance efficiency and customer experience. This technology
Meta, the parent company of Instagram and Messenger, has announced an exciting new feature that allows users to use their Avatars during video calls on these popular social media platforms. In a recent blog post, Meta shared the news that users now have the ability to incorporate their Avatars into their video chats, adding a
The Indian Space Research Organisation (ISRO) is preparing for the launch of its third lunar mission, Chandrayaan-3, on July 14 at 2:35pm IST. This mission follows the previous Chandrayaan-2, which unfortunately faced partial failure with a crash-landing on the moon’s surface. In an effort to avoid the mistakes of its predecessor, ISRO has made several
Craig Mazin, co-creator of The Last of Us TV series, has decided to remove his name from the long-awaited Borderlands movie. This news was reported by World of Reel and confirmed through the Writer’s Guild of America (WGA) website. The current credited writers on the film are Eli Roth and Joe Crombie, with the latter