Italy’s data protection authority, the Garante, has ordered the Chinese AI startup DeepSeek to cease operations in the country due to inadequate responses regarding its data collection practices. Despite being removed from local app stores, the app remains functional for users who previously downloaded it. Concerns over privacy and potential espionage have led to investigations by multiple countries, as DeepSeek’s low-cost AI model challenges established tech giants and raises national security alarms.
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0 posts last weekEl Salvador Amends Bitcoin Law to Meet IMF Loan Conditions
El Salvador has amended its Bitcoin law to comply with terms set by the International Monetary Fund (IMF) for a $1.4 billion loan, making Bitcoin acceptance voluntary for businesses and halting tax payments in the cryptocurrency. Despite previous resistance to IMF pressure, the country plans to accelerate its Bitcoin acquisitions, although adoption remains low, with only 7.5% of the population using Bitcoin for transactions in the past year.
about El Salvador Amends Bitcoin Law to Meet IMF Loan ConditionsDeepSeek Emerges as a Game Changer in Global AI Competition
DeepSeek, a Chinese AI startup founded in 2023, is causing a stir in global stock markets with its AI chatbot, which has become the top free app on Apple’s iPhone store. The company claims its technology rivals that of U.S. firms like OpenAI while being more cost-effective, raising concerns about the competitive landscape in AI development between the U.S. and China. Amidst this, analysts caution that the excitement may be overstated, as DeepSeek’s innovations are not fundamentally new.
about DeepSeek Emerges as a Game Changer in Global AI CompetitionEl Salvador Acquires More Bitcoin Despite IMF Agreement on Crypto Policies
El Salvador has purchased an additional 12 Bitcoin for its reserves, totaling over $1 million, despite a recent $1.4 billion deal with the IMF to reduce its crypto activities. The country now holds 6,044 BTC, valued at nearly $610 million, while a recent survey shows 92% of Salvadorans do not use Bitcoin for transactions.
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