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🇬🇧 UK is making a bold move in AI safety, opening a new office in San Francisco! This strategic location, home to AI giants like OpenAI and Google, will enhance collaboration between UK and US on AI safety. The UK AI Safety Institute, established in 2023, has already made strides in AI risk evaluation. With the new office, it aims to tap into the rich pool of tech talent and work directly with US-based AI firms. Being in San Francisco offers UK a chance to engage with leading AI companies and stay updated on latest AI developments. It's a step towards setting new international standards for AI safety. UK's commitment to AI safety is clear. Here's to the future of safe AI technology! 🥂🤖 #UK #AI #Safety #SanFrancisco #TechNews

🇬🇧 UK is making a bold move in AI safety, opening a new office in San Francisco! This strategic location, home to AI giants like OpenAI and Google, will enhance collaboration between UK and US on AI safety.

The UK AI Safety Institute, established in 2023, has already made strides in AI risk evaluation. With the new office, it aims to tap into the rich pool of tech talent and work directly with US-based AI firms.

Being in San Francisco offers UK a chance to engage with leading AI companies and stay updated on latest AI developments. It's a step towards setting new international standards for AI safety.

UK's commitment to AI safety is clear. Here's to the future of safe AI technology! 🥂🤖 #UK #AI #Safety #SanFrancisco #TechNews

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Big news in the crypto world! Genesis, a major cryptocurrency firm, has agreed to a hefty $2 billion settlement with the New York Attorney General. This comes after allegations of misleading financial practices, particularly with the Gemini Earn program. 😲💰💼 The lawsuit claimed Genesis defrauded over 23,000 investors through the program, which was marketed as low-risk. Turns out, Genesis had significant exposure to risky loans. Despite this, they assured investors of the program's safety. 🚫🔒 Now, Genesis is setting up a victim fund to compensate those who lost money. This fund, sourced from Genesis' remaining assets, could pay up to $2 billion to affected creditors. However, this doesn't mean Genesis is admitting guilt. Legal proceedings will continue against other involved parties. 🏛️⚖️ This settlement is a big step in compensating defrauded investors and marks a milestone in the regulatory oversight of the crypto industry. Genesis is now prohibited from operating in New York, reflecting the state's strict stance on regulatory compliance and investor protection in the crypto space. 🚦🗽 The New York AG's office is cracking down on crypto firms violating state regulations. This settlement is part of that broader effort. Genesis' interim CEO, Derar Islim, emphasizes the firm's commitment to maximizing value for all creditors throughout the bankruptcy process. 🏦🔍 In summary, this $2 billion settlement is a pivotal development in regulating the crypto industry and protecting investors. It could set a precedent for future regulatory actions and underscores the importance of transparency and accountability in the crypto sector. 📈🔮👀
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