#technology

Microsoft’s Chief Technology Officer, Kevin Scott, announced that the company will unveil a new AI-based product by the end of the year, though specific details remain under wraps. He expressed confidence that the forthcoming technology will captivate those anticipating major advances in the field.

The developers behind Procreate, an iPad application designed for digital graphics, have declared their opposition to generative artificial intelligence. They have made it clear that this technology will never be integrated into their platform, citing ideological differences. However, they acknowledge the positive aspects of machine learning.

Cropin Technology, a company specializing in artificial intelligence within the agricultural sector, has launched Sage—a new tool designed for crop yield forecasting. This tool leverages the Google Gemini model and analyzes historical agricultural data to provide real-time forecasts for 13 different crops.

Tangem, a company specializing in card-based crypto wallets, is collaborating with Visa to create a new hardware wallet incorporating Tangem Pay technology. This will enable users to make payments at standard terminals.

The US House of Representatives unanimously passed the Financial Technology Protection Act (H.R.2969), which seeks to create a specialized task force to tackle the use of digital assets in criminal activities.

Alibaba's arm, Ant Digital Technologies, has increased the registered capital for two of its blockchain subsidiaries, Ant Chain Digital Technology and Ant Blockchain Technology. The capital infusion exceeded previous amounts by over fifteen times, with the former receiving approximately $289 million and the latter about $200 million.

The founders of Hydrogen Technology, the company behind the HYDRO token, have been imprisoned for manipulating the cryptocurrency's price and conspiring to defraud investors. Shane Hampton, the Head of Financial Engineering, was sentenced to 2 years and 11 months, while CEO Michael Kane received a sentence of 3 years and 9 months.