#data

On October 3, 2024, the total value locked (TVL) on the betting platform Polymarket reached a new all-time high of $137.68 million, according to data from the analytics site DefiLlama.

South Korea’s regulator fined Tools For Humanity and the Worldcoin Foundation, the entities behind the famous iris scanning solution, $829,000 for violating personal data protection laws. Officials have also provided recommendations for improving the product in terms of regulatory compliance.

American AI company Groq partnered with Saudi oil producer Aramco to build an AI data center. This facility is anticipated to be a crucial technological hub for companies across the Middle East, Africa, and India.

After the recent U.S. presidential debate, prediction markets revealed a tie between Vice President Kamala Harris and Donald Trump. The official data on how voters reacted to the debate will be available in the coming days.

Nvidia CEO Jensen Huang highlights AI's role in combating AI-generated misinformation ahead of the 2024 U.S. elections. He stresses that only AI can handle the scale of false data production and suggests the U.S. should build an AI supercomputer to lead innovation in this field.

The U.S. Federal Trade Commission (FTC) criticized several social media companies, including Meta, Google, and ByteDance, for collecting and processing user data without sufficient oversight or transparency. The collected data often includes age, gender, language, income, and other information of interest to advertisers.

BlackRock, the global asset management firm, is set to launch a more than $30 billion investment fund aimed at advancing AI infrastructure, including power projects and data centers. This will be one of the largest funds of its kind on Wall Street.

The chance that the U.S. Federal Reserve will cut interest rates by 50 basis points in September surged to 47%, according to CME Group data at the time of publication.

Core Scientific, a mining company, is targeting a $25-30 billion valuation by offering high-performance capabilities for AI data centers, according to CEO Adam Sullivan, who highlighted the need to diversify their business.

On August 2, the U.S. Bureau of Labor Statistics reported an increase in the unemployment rate to 4.3% in July, exceeding expectations of 4.1%.