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U.S. Secretary of State Marco Rubio: Venezuela needs a government that is legally formed through elections, but the conditions for this must be created.On June 3rd, Microsoft (MSFT.O) unveiled a new AI software designed to function like a 24/7 administrative assistant, the latest development in the companys efforts to integrate AI into the workplace. The software maker stated on Tuesday that while AI bots like ChatGPT or Microsofts Copilot are only visible to users, the new tool, "Scout," will appear in internal emails and calendar systems. Charles Lamanna, head of product development for Microsofts numerous business applications teams, said this means Scout will be able to handle a wider range of tasks autonomously. He explained that, for example, if theres a time conflict, the assistant can autonomously ask meeting organizers to reschedule. Salespeople can also ask their bosses questions with Scout. "It has its own independence, so its shareable," Lamanna said. However, Lamanna did not disclose Scouts pricing; initially, users will need to subscribe to Microsofts GitHub Copilot coding assistant. He indicated that customer pricing will likely be based on usage rather than a fixed subscription fee. Lamanna stated that in the long term, as the cost of accessing AI models continues to decrease, Microsoft hopes to incorporate more AI products into subscription plans.Microsoft (MSFT.O) executive: Will collaborate with Mayo Clinic to develop artificial intelligence models.Iranian Foreign Minister Araqchi: The Iranian and Saudi foreign ministers discussed diplomatic efforts in a phone call.Microsoft (MSFT.O) executive: Microsofts inference AI model was developed in collaboration with its own chips.

Crypto lender Voyager Digital gets approval to return $270 million to customers

Alice Wang

Aug 05, 2022 15:16

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Voyager Digital Holdings Inc., a cryptocurrency company, has been granted permission by the U.S. Bankruptcy Court in New York to restore $270 million in client funds, the Wall Street Journal reported on Thursday.


Voyager Digital Holdings Inc., a cryptocurrency company, has been granted permission by the US Bankruptcy Court in New York to restore $270 million in client funds, the Wall Street Journal reported on Thursday.


According to the Journal, Judge Michael Wiles, who is in charge of Voyager's bankruptcy, said the firm had "sufficient grounds" to back up its claim that clients should be given access to the custodial account kept at Metropolitan Commercial Bank.


The business did not immediately respond to requests for comment.


Voyager, one of several businesses that struggled after the widespread turbulence on the cryptocurrency market, filed for Chapter 11 last month.


Voyager reported that it had between $1 billion and $10 billion in assets and liabilities, as well as over 100,000 creditors, in its bankruptcy case.


The Federal Reserve and the Federal Deposit Insurance Corp (FDIC) issued an injunction to the firm last week directing it to stop making "false and misleading" promises about the government's protection of its clients' cash.


The firm only had a bank account at Metropolitan Commercial Bank, according to the authorities, and none of the investors using its platform were covered by the FDIC.


During the COVID-19 epidemic, cryptocurrency lenders like Voyager saw a surge in business, luring depositors with high interest rates and convenient access to loans that conventional banks seldom ever gave. Lenders have suffered from the recent decline in cryptocurrency markets, which was brought on by the failure of two significant tokens in May.

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