#will

According to insights from the Wall Street Journal, Meta's ongoing project is a new AI system. They aim to topple established language models, such as GPT-4 and even their own Llama 2. This fresh initiative will center on large-scale text processing and its subsequent scrutiny. The timeline for initiating the model's training is set for 2024.

Mairead McGuinness, the European Commissioner for Financial Services, believes there's no need to rush the launch of a digital euro before the next EU elections in June 2024. She advises the next EU Commission to take a careful and measured approach to the CBDC rollout. Furthermore, McGuinness mentioned that the European Central Bank will finalize its stance on the project this coming October.

Today, key aspects of the summit's agenda were revealed, giving priority to risk management and support strategies. Leaders from major countries, top tech organizations, academic circles, and civic groups will converge at the event to discuss expedient actions in the cutting-edge arena of AI development. The UK's representatives are of the opinion that fostering AI investment could significantly benefit society and economic productivity, but only if done within a regulatory framework. “Without appropriate guardrails, this technology also poses significant risks in ways that do not respect national boundaries. The need to address these risks, including at an international level, is increasingly urgent.“

A team member, involved with the experimental Bonkler collection, misappropriated $1 million from the company's commission proceeds. However, the collection's primary assets, including the main contract and NFTs, remained unaffected. Bonkler’s daily minting process is currently suspended but will be reinstated after transitioning to its V2, which will feature lending and treasury functionalities. Per Remilia's co-founder, the breach was orchestrated by a developer in collaboration with two other team members. These individuals not only misappropriated the funds but also tried to blackmail the rest of the team by gaining access to certain social platforms. These employees have since been dismissed, and the company is gearing up to press legal charges against them.

Justin Bieber's popular track "Company" is getting the NFT treatment. On September 7, music tech platform anotherblock and co-producer Andreas Schuller, aka Axident, will release the song as a limited NFT — only 2,000 will be available. Fans who buy the NFT will get a 1% share in the song's royalties, while Axident retains the rights. Michel D. Traore, CEO of anotherblock, emphasized that this NFT initiative not only shines a spotlight on producers but also introduces the masses to Web3 technologies.

This collaboration seeks to digitize various sectors, including government services, healthcare, and education. The Google Distributed Cloud (GDC) services will enhance local infrastructure and data processing capabilities, aligning with El Salvador’s vision to become an innovation hub. President Nayib Bukele emphasized the importance of technology and foreign investment for the nation’s development: “Google’s global experience combined with the audacity of El Salvador will redefine the technological landscape.”

Polygon Labs has launched its Chain Development Kit (CDK), a software tool designed to help developers create Ethereum Layer 2 chains powered by zero-knowledge proofs. The toolkit will support an "Interop Layer," a new protocol that aggregates zero-knowledge proofs from multiple Polygon chains and secures them on the Ethereum mainnet. This move aligns with Polygon's shift towards creating more interconnected chains, similar to ecosystems like Cosmos and Polkadot.