Good morning tech fam, here are some quick tech updates for you to catch on to!
What's New Today: Mark Zuckerberg discusses the goals of Meta in virtual reality. To create virtual reality products, Meta has been investing enormous sums of money.
Fast-Track Insights: KuCoin is the focus of a DCB bank warning over unregistered service offerings. KuCoin violates the Anti-Money Laundering and Counter-Terrorist Financing Act.
Elon Musk announced on Tuesday that he will leave his position as Twitter's CEO once a successor has been found. "As soon as I find someone naive enough to accept the position of CEO, I will step down! After that, I will only manage the teams working on software and servers, Musk stated on Twitter. After receiving a resounding majority of votes from Twitter users in a poll that the billionaire started on Sunday night calling on him to resign, Musk has now publicly mentioned leaving his position as the social media platform's CEO for the first time.
Mark Zuckerberg discusses the goals of Meta in virtual reality. Meta is attempting to exploit the agreement with Within and other small businesses to establish itself as a dominant force in the rapidly developing metaverse industry. Meta has been investing billions of dollars in the development of virtual reality products and has acquired other start-ups over time. Soon after Mark Zuckerberg declared that his social network was becoming a metaverse business, Meta announced that it will acquire Within in October 2021.
Sundar Pichai, CEO of Google, emphasised the need to remove bias from AI training data as well as the need for diverse representation among AI developers. Sundar Pichai, CEO of Alphabet and Google, responded when asked if artificial intelligence would ever replace people with "AI assistants, very much to help you with most things" during the Google for India event on Monday.
In the US, Binance is intensifying its regulatory efforts. The Chamber of Digital Commerce is an American lobbying group, and today it stated that the largest cryptocurrency exchange in the world by trading volume had joined in order to "help design policies that benefit and protect customers." Binance stated that it would seek to "inform, advocate, and bring forth ideas" to assist define crypto policy in the United States when it joined the group's Executive Committee.
Dutch central bank issues a warning against KuCoin for providing unlicensed services, The DNB asserts that KuCoin has been "illegally offering services for the exchange" and that it is in violation of the Anti-Money Laundering and Anti-Terrorist Financing Act. KuCoin has allegedly been "illegally promoting services for the exchange of virtual and fiduciary currencies and it is supplying custodian wallets," according to the warning.
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