Tag: Technology

An American Diplomat’s Web3 Warning: The U.S. Is Already Losing Smart Technology Allies It Needs

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Meanwhile, the Chinese fintech company AliPay is using its private blockchain to push aggressively into Pakistan and the Philippines, where U.S. rivals PayPal or Coinbase have no operations.
Late last summer, the People’s Bank of China partnered with the central banks of Hong Kong, the United Arab Emirates and Thailand to facilitate 160 cross-border payments totaling over $12 million in value on the “mBridge Ledger,” a blockchain system that uses China’s own central bank digital currency for cross border payment.
The dollar’s influence on the digital future is at stake. Just as the dollar has projected U.S. economic power in the analog world, digital assets pegged to the dollar, called stablecoins, project the dollar into the digital economy.
But if, say, an Indonesian natural resource exporter can only get paid on China’s own closed network and cannot be paid in U.S.-dollar-denominated digital assets such as dollar-backed stablecoins, the U.S. financial system will suffer.
Just as capitalist and communist trade blocs squared off in the 20th century, companies wishing to export their goods to select markets will soon have to navigate competing trade blockchains. They’ll have to choose between permissionless — or interoperable — systems built on open blockchains versus firewalled, permissioned closed systems like those preferred by China. Given that China is becoming the largest trading partner for most of the world, many nations will be tempted to opt into its system. If U.S. regulators continue to antagonize open blockchain systems, economic participants will continue to view them as legally risky, making China’s closed alternative that much more appealing by comparison.
So far, the U.S. has not risen to the challenge.
The September release of the White House’s framework for digital asset development was a step in the right direction, but it was not enough. While the framework calls for U.S. agencies to “message U.S. values related to digital assets” in international forums, it otherwise remains vague on foreign policy.
At best, the United States merely endorses a nebulous paper-based exercise called the “G20 Roadmap for enhancing cross-border payments.” In reality, this amounts to innovation theater. The word “Web3” does not appear anywhere in the latest joint statement from State Department-organized U.S.-Japan “Internet Economy Dialogue.” On the economic policy side, the U.S. posture on digital assets is skewed to benefit domestically oriented financial sector incumbents at the expense of promising innovations. Risk-averse lawyers hold too much sway in the policy debate at the expense of technologists and informed foreign policy hands. Viewed from abroad, the signals from American policymakers suggest that the United States has turned anti-innovation. While digital assets pose real risks, those risks are currently being overemphasized while potential benefits get overlooked. The result is erratic “regulation by enforcement” and onerous tax policies that drive away commerce.
Take “staking.” Staking is a process by which the owners of blockchain tokens temporarily give up control of the tokens as part of a process called “proof-of-stake” that some blockchains use to ensure network reliability. To compensate people who pledge their tokens for staking, these networks provide stakers with fees paid in tokens, something vaguely akin to interest paid on a bond. Because staking requires some technical skill, investors often make use of services that stake the tokens on their behalf.

One benefit of staking is that it serves as a substitute for the energy-intensive “mining” process employed by Bitcoin. But, because nothing quite like staking has existed before, its exact regulatory status remains unresolved.
In February, the Security and Exchange Commission charged the U.S crypto exchange Kraken, saying it had failed to treat its staking service as an investment contract. As a result, the country’s second-largest crypto exchange has stopped offering this service to customers. This means that American investors have lost an important avenue for participating in, and benefitting from the governance of global blockchain networks.
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( With inputs from : www.politico.com )

April 4, 2023
Hyderabad: FTCCI to organise Industrial Innovation and Technology Expo

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Hyderabad: The Federation of Telangana Chambers of Commerce and Industry (FTCCI) will organise IITEX EXPO’– Industrial Innovation and Technology Expo –2023 here for three days from June 28.
MSMEs and companies which are operating in the domain of printing, packaging, food processing, electric vehicles and renewable energy have been invited to participate in the expo, FTCCI president Anil Agarwal said on Monday.
Speaking to reporters, he said the maiden exhibition is an ambitious initiative of the Chamber and will have 150 stalls.

The aim of the IITEX is to boost production through the use of the latest technology and innovations. The expo is our endeavour to get futuristic technologies for the benefit of MSMEs, he said.
Supported by the Ministry of MSME, Government of India, Telangana Government, the objective of the exhibiton is to showcase the latest innovations and technological developments, connect MSMEs with the latest technology, Research and Development, provide them with an opportunity for B2B connect across India and abroad, promote indigenisation and support the Atmanirbhar Bharat initiative, the FTCCI president said.
“It will be our endeavour to involve all regional chambers from across India. Further, it would be our endeavour to provide a platform for startups to showcase their expertise and competence in this area of specialisation,” Agarwal said.
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( With inputs from www.siasat.com )

April 3, 2023
UK goes light-touch on AI as Elon Musk sounds the alarm

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LONDON — As Elon Musk urged humanity to get a grip on artificial intelligence, in London ministers were hailing its benefits.
Rishi Sunak’s new technology chief Michelle Donelan on Wednesday unveiled the government’s long-awaited blueprint for regulating AI, insisting a heavy-handed approach is off the agenda.
At the heart of the innovation-friendly pitch is a plan to give existing regulators a year to issue “practical guidance” for the safe use of machine learning in their sectors based on broad principles like safety, transparency, fairness and accountability. But no new legislation or regulatory bodies are being planned for the burgeoning technology.

It stands in contrast to the strategy being pursued in Brussels, where lawmakers are pushing through a more detailed rulebook, backed by a new liability regime.
Donelan insists her “common-sense, outcomes-oriented approach” will allow the U.K. to “be the best place in the world to build, test and use AI technology.”
Her department’s Twitter account was flooded with content promoting the benefits of AI. “Think AI is scary? It doesn’t have to be!” one of its posts stated on Wednesday.
But some experts fear U.K. policymakers, like their counterparts around the world, may not have grasped the scale of the challenge, and believe more urgency is needed in understanding and policing how the fast-developing tech is used.
“The government’s timeline of a year or more for implementation will leave risks unaddressed just as AI systems are being integrated at pace into our daily lives, from search engines to office suite software,” Michael Birtwistle, associate director of data and AI law and policy at the Ada Lovelace Institute, said. It has “significant gaps,” which could leave harms “unaddressed,” he warned.
“We shouldn’t be risking inventing a nuclear blast before we’ve learnt how to keep it in the shell,” Connor Axiotes, a researcher at the free-market Adam Smith Institute think tank, warned.
Elon wades in
Hours before the U.K. white paper went live, across the Atlantic an open letter calling for labs to immediately pause work training AI systems to be even more powerful for at least six months went live. It was signed by artificial intelligence experts and industry executives, including Tesla and Twitter boss Elon Musk. Researchers at Alphabet-owned DeepMind, and renowned Canadian computer scientist Yoshua Bengio were also signatories.
The letter called for AI developers to work with policymakers to “dramatically accelerate development of robust AI governance systems,” which should “at a minimum include: new and capable regulatory authorities dedicated to AI.”
AI labs are locked in “an out-of-control race to develop and deploy ever more powerful digital minds that no one – not even their creators – can understand, predict, or reliably control,” the letter warned.
Rishi Sunak’s new technology chief Michelle Donelan unveiled the government’s blueprint for regulating AI, insisting a heavy-handed approach is off the agenda | Leon Neal/Getty Images
Back in the U.K., Ellen Judson, head of the Centre for the Analysis of Social Media at the think tank Demos, warned that the U.K. approach of “setting out principles alone” was “not enough.”
“Without the teeth of legal obligations, this is an approach which will result in a patchwork of regulatory guidance that will do little to fundamentally shift the incentives that lead to risky and unethical uses of AI,” she said.
But Technology Minister Paul Scully told the BBC he was “not sure” about pausing further AI developments. He said the government’s proposals should “dispel any of those concerns from Elon Musk and those other figures.”
“What we’re trying to do is to have a situation where we can think as government and think as a sector through the risks but also the benefits of AI — and make sure we can have a framework around this to protect us from the harms,” he said.
Long time coming
Industry concerns about the U.K.’s ability to make policy in their area are countered by some of those who have worked closely with the British government on AI policy.
Its approach to policymaking has been “very consultative,” according to Sue Daley, a director at the industry body TechUK, who has been closely following AI developments for a number of years.
In 2018 ministers set up the Centre for Data Ethics and Innovation and the Office for AI, working across the government’s digital and business departments until it moved to the newly-created Department for Science, Innovation and Technology earlier this year.
The Office for AI is staffed by a “good team of people,” Daly said, while also pointing to the work the U.K.’s well-regarded regulators, like the Information Commissioner’s Office, had been doing on artificial intelligence “for some time.”
Greg Clark, the Conservative chairman of parliament’s science and technology committee, said he thought the government was right to “think carefully.” The former business secretary stressed that is his own view rather than the committee view.
“There’s a danger in rushing to adopt extensive regulations precipitously that have not been properly thought through and stress-tested, and that could prove to be an encumbrance to us and could impede the positive applications of AI,” he added. But he said the government should “proceed quickly” from white paper to regulatory framework “during the months ahead.”
Public view
Outside Westminster, the potential implications of the technology are yet to be fully realized, surveys suggest.
Public First, a Westminster-based consultancy, which conducted a raft of polling into public attitudes to artificial intelligence earlier this month, found that beyond fears about unemployment, people were pretty positive about AI.
“It certainly pales into insignificance compared to the other things that they are worried about like the prospect of armed conflict, or even the impact of climate change,” James Frayne, a founding partner of Public First, who conducted the polling said. “This falls way down the priority list,” he said.
But he cautioned this could change.
“One assumes that at some point there will be an event which shocks them, and shakes them, and makes them think very differently about AI,” he added.
“At that point there will be great demands for the government to make sure that they’re all over this in terms of regulation. They will expect the government to not only move very quickly, but to have made significant progress already,” he said.

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( With inputs from : www.politico.eu )

March 28, 2023
MEPs cling to TikTok for Gen Z votes

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It may come with security risks but, for European Parliamentarians, TikTok is just too good a political tool to abandon.
Staff at the European Parliament were ordered to delete the video-sharing application from any work devices by March 20, after an edict last month from the Parliament’s President Roberta Metsola cited cybersecurity risks about the Chinese-owned platform. The chamber also “strongly recommended” that members of the European Parliament and their political advisers give up the app.
But with European Parliament elections scheduled for late spring 2024, the chamber’s political groups and many of its members are opting to stay on TikTok to win over the hearts and minds of the platform’s user base of young voters. TikTok says around 125 million Europeans actively use the app every month on average.

“It’s always important in my parliamentary work to communicate beyond those who are already convinced,” said Leïla Chaibi, a French far-left lawmaker who has 3,500 TikTok followers and has previously used the tool to broadcast videos from Strasbourg explaining how the EU Parliament works.
Malte Gallée, a 29-year-old German Greens lawmaker with over 36,000 followers on TikTok, said, “There are so many young people there but also more and more older people joining there. For me as a politician of course it’s important to be where the people that I represent are, and to know what they’re talking about.”
Finding Gen Z
Parliament took its decision to ban the app from staffers’ phones in late February, in the wake of similar moves by the European Commission, Council of the EU and the bloc’s diplomatic service.
A letter from the Parliament’s top IT official, obtained by POLITICO, said the institution took the decision after seeing similar bans by the likes of the U.S. federal government and the European Commission and to prevent “possible threats” against the Parliament and its lawmakers.
For the chamber, it was a remarkable U-turn. Just a few months earlier its top lawmakers in the institution’s Bureau, including President Metsola and 14 vice presidents, approved the launch of an official Parliament account on TikTok, according to a “TikTok strategy” document from the Parliament’s communications directorate-general dated November 18 and seen by POLITICO.
“Members and political groups are increasingly opening TikTok accounts,” stated the document, pointing out that teenagers then aged 16 will be eligible to vote in 2024. “The main purpose of opening a TikTok channel for the European Parliament is to connect directly with the young generation and first time voters in the European elections in 2024, especially among Generation Z,” it said.
Another supposed benefit of launching an official TikTok account would be countering disinformation about the war in Ukraine, the document stated.
Most awkwardly, the only sizeable TikTok account claiming to represent the European Parliament is actually a fake one that Parliament has asked TikTok to remove.
Dummy phones and workarounds
Among those who stand to lose out from the new TikTok policy are the European Parliament’s political groupings. Some of these groups have sizeable reach on the Chinese-owned app.
All political groups with a TikTok account said they will use dedicated computers in order to skirt the TikTok ban on work devices | Khaled Desouki/AFP via Getty Images
The largest group, the center-right European People’s Party, has 51,000 followers on TikTok. Spokesperson Pedro López previously dismissed the Parliament’s move to stop using TikTok as “absurd,” vowing the EPP’s account will stay up and active. López wrote to POLITICO that “we will use dedicated computers … only for TikTok and not connected to any EP or EPP network.”
That’s the same strategy that all other political groups with a TikTok account — The Left, Socialists and Democrats (S&D) and Liberal Renew groups — said they will use in order to skirt the TikTok ban on work devices like phones, computers or tablets, according to spokespeople. Around 30 Renew Europe lawmakers are active on the platform, according to the group’s spokesperson.
Beyond the groups, it’s the individual members of parliament — especially those popular on the app — that are pushing back on efforts to restrict its use.
Clare Daly, an Irish independent member who sits with the Left group, is one of the most popular MEPs on the platform with over 370,000 subscribed to watch clips of her plenary speeches. Daly has gained some 80,000 extra followers in just the few weeks since Parliament’s ban was announced.
Daly in an email railed against Parliament’s new policy: “This decision is not guided by a serious threat assessment. It is security theatre, more about appeasing a climate of geopolitical sinophobia in EU politics than it is about protecting sensitive information or mitigating cybersecurity threats,” she said.
According to Moritz Körner, an MEP from the centrist Renew Europe group, cybersecurity should be a priority. “Politicians should think about cybersecurity and espionage first and before thinking about their elections to the European Parliament,” he told POLITICO, adding that he doesn’t have a TikTok account.
Others are finding workarounds to have it both ways.
“We will use a dummy phone and not our work phones anymore. That [dummy] phone will only be used for producing videos,” said an assistant to German Social-democrat member Delara Burkhardt, who has close to 2,000 followers. The assistant credited the platform with driving a friendlier, less abrasive political debate than other platforms like Twitter: “On TikTok the culture is nicer, we get more questions.”

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( With inputs from : www.politico.eu )

March 23, 2023
German Christian Democrats rewrite Merkel’s China playbook

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BERLIN — Germany’s Christian Democrats, the country’s largest opposition group, are planning to shift away from the pragmatic stance toward China that characterized Angela Merkel’s 16 years as chancellor, claiming that maintaining peace through trade has failed.
It’s a remarkable course change for the conservative party that pursued a strategy of rapprochement and economic interdependence toward China and Russia during Merkel’s decade and a half in power. The volte-face has been spurred by Moscow’s invasion of Ukraine and Beijing’s increasingly aggressive stance — both economically and politically — in the Asian region and beyond.
According to a draft position paper seen by POLITICO, the conservatives say the idea of keeping peace through economic cooperation “has failed with regard to Russia, but increasingly also China.” The 22-page paper, which is to be adopted by the center-right Christian Democratic Union/Christian Social Union (CDU/CSU) parliamentary group in the Bundestag around Easter, outlines key points for a new China policy.

In a world order that is changing after Russia’s full-scale invasion of Ukraine, Chancellor Olaf Scholz last year announced a Zeitenwende, or major turning point, in German security policy. Economy Minister Robert Habeck and Foreign Minister Annalena Baerbock, in particular, have stressed the necessity of a comprehensive China strategy, an idea already mentioned in the coalition agreement to form Scholz’s government. Their ministries have elaborated two different drafts, but a comprehensive strategy is not yet in sight.
“We realize at this point in time, with some surprise, which is why we prepared and presented this paper, that the German government is significantly behind schedule on key foreign and security policy documents,” said CDU foreign policy lawmaker Johann Wadephul.
The foreword to the position paper states that “the rise of communist China is the central, epochal challenge of the 21st century for all states seeking to preserve, strengthen, and sustain the rules-based international order.” The CDU/CSU parliamentary group is open to working out a “national consensus” with Scholz’s government. That consensus, the group says, must be embedded in the national security strategy and in a European China strategy.
The relationship with China is described in the same triad fashion that was formulated by the European Commission in 2019 and is in the coalition agreement of the current German government. Under this strategy, the Asian country is seen as a partner, economic competitor and systemic rival.
But the CDU/CSU group’s paper says policy should move away from a Beijing-friendly, pragmatic stance toward China, especially on trade. “We should not close our eyes to the fact that China has shifted the balance on its own initiative and clearly pushed the core of the relationship toward systemic rivalry,” the text states.
Such an emphasis from the conservative group is remarkable given its long-held preference for economic cooperation and political rapprochement toward both China and Russia under Merkel. Before leaving office, for example, Merkel pushed a major EU-China investment deal over the line, though it was later essentially frozen by the European Parliament due to Beijing’s sanctions against MEPs.
“I say to this also self-critically [that] this means for the CDU/CSU a certain new approach in China policy after a 16-year government period,” Wadephul said.
The paper calls for a “Zeitenwende in China policy,” too, concluding that Germany should respond “with the ability and its own strength to compete” wherever China seeks and forces competition; should build up its resilience and defensive capability and form as well as expand alliances and partnerships with interest and value partners; and demonstrate a willingness to partner where it is openly, transparently and reliably embraced by China.
The CDU/CSU paper calls for a European China strategy and a “European China Council” with EU neighbors for better cooperation. A central point is also strengthening reciprocity and European as well as German sovereignty.
“Decoupling from China is neither realistic nor desirable from a German and European perspective,” according to the text.
To better monitor dependencies, the paper proposes an expert commission in the Bundestag that would present an annual “China check” on dependencies in trade, technology, raw materials and foreign trade, with the overall aim of developing a “de-risking” strategy.

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( With inputs from : www.politico.eu )

March 23, 2023
Germany, Japan pledge to boost cooperation on economic security

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Germany and Japan agreed on Saturday to strengthen cooperation on economic security in the aftermath of tensions over global supply chains and the economic impact of the war in Ukraine.
In the first high-ministerial government consultations held between the two countries, German Chancellor Olaf Scholz reached out to Tokyo to seek to reduce Germany’s dependence on China for imports of raw materials.
“The current challenges of our time make it clear: It is important to expand cooperation with close partners and acquire new partners. We want to reduce dependencies and increase the resilience of our economies.” the German chancellor said in a tweet.
Scholz and Japanese Prime Minister Fumio Kishida said they believe the agreement will allow both countries to diversify value chains in order to be able to reduce economic risks.
In a joint statement, the two countries said they will work on establishing “a legal framework for bilateral defense and security cooperation activities,” including ways to protect critical infrastructures, trade routes and to secure future supply of sustainable energy.
Germany’s decision to prioritize consultations with Japan came after the Asian country put forward an economic security bill last year aimed at securing the uptake of technology and bolstering critical supply chains.
Japan is Germany’s second-largest trading partner in Asia after China, with a bilateral trade volume of €45.7 billion mainly based on the import and export of machinery, vehicles, electronics and chemical products.
The two leaders also exchanged views on the situation in Ukraine, cooperation in the Indo-Pacific region and the G7 meeting in Hiroshima scheduled for May.

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( With inputs from : www.politico.eu )

March 15, 2023
GPT-4: OpenAI’s latest innovation in chatbot technology

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OpenAI, the leading artificial intelligence research institute, has announced the release of GPT-4, the latest version of its popular AI chatbot, ChatGPT. The new model boasts several enhanced capabilities that make it stand out from its predecessor, including the ability to process up to 25,000 words, eight times more than ChatGPT.
One of the most notable features of GPT-4 is its ability to respond to images. Users can upload photos of ingredients, and GPT-4 will provide recipe suggestions based on the image. Additionally, it can write captions and descriptions of images with impressive accuracy.
Since its launch in November 2022, millions of people have used ChatGPT for various purposes such as writing songs, poems, marketing copy, computer code, and homework assistance. However, there are concerns that GPT-4 could take over many jobs currently done by humans.
OpenAI has addressed these concerns and spent six months on safety features for GPT-4. The model was also trained on human feedback, but OpenAI warns that it may still be prone to sharing disinformation.
Initially, GPT-4 will only be accessible to users with premium access to ChatGPT, which requires a monthly subscription fee of $20. The model is already powering Microsoft’s Bing search engine platform, and the tech giant has invested $10 billion into OpenAI.
In a live demo, GPT-4 generated an answer to a complicated tax query. However, there was no way to verify the accuracy of its response. Despite its enhanced capabilities, OpenAI has warned that GPT-4 is still not fully reliable and may “hallucinate” or invent facts or make reasoning errors.
GPT-4 is a type of generative artificial intelligence, using algorithms and predictive text to create new content based on prompts. OpenAI claims that GPT-4 has more advanced reasoning skills than ChatGPT, and it can find available meeting times for three schedules, among other things.
OpenAI has also announced new partnerships with language learning app Duolingo and Be My Eyes, an application for the visually impaired, to create AI chatbots that can assist users using natural language.

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( With inputs from www.siasat.com )

March 15, 2023
Silicon Valley Bank collapse sets off scramble in London to shield UK tech sector

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LONDON — The U.K. government was scrambling on Sunday to limit the fallout for the British tech sector from the collapse of Silicon Valley Bank, a big U.S. lender to many startups and technology companies.
The government is treating the potential reverberations as “a high priority” after a run on deposits drove California-based SVB into insolvency, marking the largest bank failure since the global financial crisis, U.K. Chancellor of the Exchequer Jeremy Hunt said in a statement Sunday morning. U.S. Treasury Secretary Janet Yellen and other policymakers were on alert that problems at SVB could spread.
Hunt said the British government is working on a plan to backstop the cashflow needs of companies affected by SVB’s implosion and the halt in trading of its British unit, Silicon Valley Bank UK. The Bank of England announced on Friday that the U.K. unit is set to enter insolvency.

Silicon Valley Bank’s “failure could have a significant impact on the liquidity of the tech ecosystem,” Hunt said.
The government is working “to avoid or minimize damage to some of our most promising companies in the U.K.,” the chancellor said. “We will bring forward immediate plans to ensure the short-term operational and cashflow needs of Silicon Valley Bank UK customers are able to be met.”
Hunt told the BBC Sunday morning that the government would have a plan that deals with the operational cashflow needs of companies “in the next few days.”
Discussions between the governor of the Bank of England, the prime minister and the chancellor were taking place over the weekend, according to the statement.
Speaking on Sky News Sunday morning, Hunt said that Bank of England Governor Andrew Bailey had made it clear that there was “no systemic risk to our financial system.” But Hunt warned that there was a “serious risk” to the technology and life-sciences sectors in the U.K.
Ministers held talks with the tech industry on Saturday after tech executives in an open letter warned Hunt that the SVB collapse posed an “existential threat” to the U.K. tech sector. They called for government intervention.
Britain’s science and technology minister on Saturday pledged to do “everything we can” to limit the repercussions on U.K. tech companies.
Michelle Donelan, who heads the newly created Department for Science, Innovation and Technology, said in a tweet: “We recognize that the tech sector is often not cashflow positive as they grow and I am determined to stand with them as we do everything we can to minimize impact on the sector.”
Chancellor Jeremy Hunt said protecting the U.K. sector from the impacts of SVB’s collapse was a “high priority” | Justin Tallis/AFP via Getty Images
A bank insolvency procedure for Silicon Valley Bank UK would mean eligible depositors would be paid the protected limit of £85,000, or up to £170,000 for joint accounts.
The Bank of England said in its Friday statement that SVB UK “has a limited presence in the U.K. and no critical functions supporting the financial system.”

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( With inputs from : www.politico.eu )

March 9, 2023
KENT 16002 Bed & Upholstery Vacuum Cleaner 450W | Cyclonic Technology for Dust Collection | UV Disinfection | Reduced Air Pollution

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(as of [price_update_date] – Details)

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Change those bedsheets every 3rd day or routinely clean armchair/ sofa covers but still laying in & breathing in some harmful particles and bacteria every day?
It sucks air and dust at high speed, creating a fast-spinning vortex and separating dust in a detachable cylindrical collection vessel or bin
With its HEPA filter, it ensures minimal release of dust and bacteria back into the environment than traditional vacuums cleaners
It uses a powerful 450W motor for high efficiency and stronger suction force, MAX. VACUUM PRESSURE: > 2.5 kpa
Country of Origin: China

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March 6, 2023
SKIMS University BSc 1st Year Technology Result declared, Check here – TheNewsCaravan Newspaper

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The post SKIMS University BSc 1st Year Technology Result declared, Check here appeared first on TheNewsCaravan Newspaper.
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( With inputs from : www.TheNewsCaravan.com )

March 3, 2023