California Governor Gavin Newsom vetoed Senate Bill 1047 (SB 1047), which sought to establish new security standards for artificial intelligence systems. Although the project was considered a potential model for future AI regulation, Newsom argued that it could limit innovation in the state’s technology sector.
The governor underscored the importance of a balanced approach, noting that SB 1047, by focusing solely on large-scale AI models, could overlook the risks associated with smaller models.
The measure had the support of prominent figures such as Elon Musk and other leaders in the sector. They advocated for stricter regulation in the field of artificial intelligence.
Mark Zuckerberg becomes the world’s fourth richest billionaire
Technology entrepreneur Mark Zuckerberg has risen to fourth place on the list of billionaires, with a net worth of $201 billion. Following Facebook’s transformation to Meta in October 2021 and its focus on the Metaverse and artificial intelligence.
Meta shares have seen a notable rise, trading at approximately $567 per share, more than sixfold from the lows of $88 in November 2022. Although prior to this rally, the price had fallen sharply from the $300 range .
At the Meta Connect event, Zuckerberg introduced the new Orion augmented reality glasses, which incorporate projectors to create visualizations superimposed on the real world. Along with a more affordable Quest 3S virtual reality headset.
Despite the recent increase in its market value, Meta has decided to reduce its budget for the Metaverse by 20% due to accumulated losses of USD 60 billion in its Reality Labs division since 2019.
Ethereum-podria-superar-las-tasas-de-interes-de-estados-unidos-en-rendimientos-de-staking”>Ethereum Could Overtake US Interest Rates in Staking Yields
Ethereum staking returns are anticipated to exceed US interest rates within the next year. Which could boost the price of the Cryptocurrency as investors seek higher returns.
The recent drop in rates and increase in transaction fees on the Ethereum network are changing market dynamics. Which could close the gap between staking returns and risk-free rates.
Since mid-2023, the spread between the Ethereum staking rate and the effective federal funds rate has remained negative. However, according to brokerage firm FalconX, two factors could push this spread into positive territory by mid-2025, creating a “double-hit effect.”
Interest rates in the United States are expected to continue declining. Which would make traditional assets such as Treasury bonds less attractive, thus favoring Ethereum staking, which currently offers returns around 3.2%. According to David Lawant, head of research at FalconX, this could create an enabling environment for Ethereum to deliver attractive returns in a potential bull market.
Europe strengthens regulation and adoption of cryptocurrencies
This week in Europe, the Dutch Authority for Financial Markets (AFM) issued a warning about pump-and-dump schemes in cryptocurrencies. Warning about the risk of market manipulation.
This alert comes just before the entry into force of the Cryptoasset Markets Regulation (MiCA), which as of December 30 will prohibit these practices throughout the European Union.
On the other hand, the banking entity Société Générale-FORGE has formed a strategic alliance with Bitpanda to promote its EURCV stablecoin. With the aim of integrating cryptocurrencies into the European financial system.
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