From underwhelming AI unveilings by one of tech’s biggest players to meaningful product upgrades and a clear shift in small business sentiment, this week’s business technology news shows a market in motion where AI is both a challenge and an opportunity. Here’s what you need to know. Apple’s AI Ambitions Fall Flat at WWDC Apple’s
Germany’s anti-money laundering authority has sounded the alarm on the increasing use of cryptocurrencies in illicit finance, reporting a record 8.2% year-on-year rise in crypto-related suspicious activity reports (SARs). According to the 2024 annual report from the Financial Intelligence Unit (FIU), digital assets are now embedded in complex, global money laundering networks and traditional financial
As the legal battle over crypto privacy tools heats up on both sides of the Atlantic, the crypto community is pouring millions into defending two developers behind Tornado Cash a controversial protocol accused of facilitating money laundering but also praised for protecting user privacy. At the heart of the storm are Roman Storm and Alexey
ABU DHABI, UAE— The financial world is watching the United Arab Emirates once again as Abu Dhabi-based EmCoin becomes the first company authorised by the UAE’s Securities and Commodities Authority (SCA) to offer fully regulated virtual asset services. But EmCoin isn’t just another crypto app; it’s a gateway into a new financial paradigm where digital
PARIS, France— Despite the often dramatic predictions about artificial intelligence wiping out jobs, global hiring trends suggest a more nuanced reality: AI isn’t killing the job market it’s reshaping it. Speaking at the Vivatech trade fair in Paris, Tomas Chamorro-Premuzic, Chief Innovation Officer at global staffing leader ManpowerGroup, said fears of AI-triggered mass unemployment are
Apple has officially added the iPhone XS to its list of “vintage” products, marking the end of a chapter for a once-flagship device. The move comes just six months after the larger iPhone XS Max received the same classification. According to Apple, a product is deemed vintage when it has been more than five years
HYDERABAD— What started as a seemingly harmless part-time job opportunity promising modest daily earnings quickly spiralled into a harrowing financial nightmare for a Hyderabad woman. A resident of KPHB Colony was conned out of ₹32.8 lakh by cybercriminals posing as representatives of a travel agency and crypto investment platform operating through popular messaging apps WhatsApp
NEW YORK— Lawyers for two men accused of kidnapping and torturing a 28-year-old Italian national over his cryptocurrency holdings presented a striking new narrative in Manhattan criminal court Wednesday: the alleged victim, they said, wasn’t being held captive at all. Instead, attorneys claim he was seen in photos and videos “laughing and smiling,” frequenting shops
In a move signalling the growing importance of digital currencies in legal and financial proceedings, the UK’s Insolvency Service has appointed its first-ever crypto intelligence officer. The role, filled by veteran investigator and former police detective Andrew Small, marks a critical step in the government’s efforts to recover digital assets tied to bankruptcies and criminal
How private is your AI search history? If you’re using Meta AI, the answer might be not as private as you think. Meta’s newly launched artificial intelligence tool is raising eyebrows after it emerged that some user prompts and responses are being displayed publicly potentially without users fully realising it. From test questions to deeply