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On August 13th, according to a report by US tech media WIRED citing sources familiar with the matter, the Trump administrations new artificial intelligence guidelines will be revised, expanding the regulation of AI models. The White House announced this month that it has developed an AI framework under which cutting-edge AI models developed by US labs will undergo federal safety testing before public release. The government has not yet released the framework, and there are reportedly no plans to do so. Currently, this AI framework only covers so-called "closed-source models" developed by companies such as Anthropic and OpenAI. However, a White House official revealed that the framework is expected to cover open-source models in the coming months. In short, once open-source models reach the same "cutting-edge" capability level as Anthropics Mythos-level model and OpenAIs GPT-5.6, they will be incorporated into the framework and undergo pre-release testing.August 13th - According to the Wall Street Journal, earlier this year, the U.S. military engaged in a joint military exercise in Germany with Ukrainian drone operators. The outcome was unfavorable for the U.S. military. Sources familiar with the matter revealed that in the exercise, titled "Combined Resolve," Ukrainian drone units easily detected and defeated U.S. troops and armored vehicles rotating from Fort Hood, Texas.Iraqi Prime Minister: We will not allow our territory to become a site for attacks against our neighbors.CoreWeave warned investors that switching from Nvidia chips to other chips would be difficult and could require significant time and money.On August 13, Colombian President Eduardo de la Espéré declared a state of economic emergency on August 12 in response to the earthquake crisis. De la Espéré stated that the state of emergency aims to expedite aid to affected communities, allocate resources for reconstruction, and includes measures to revitalize the economy.

JP Morgan Closes Agreement For Over $800 Million Interest in Fintech Viva Wallet

Haiden Holmes

Dec 19, 2022 12:11

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A source with knowledge of the situation told Reuters on Saturday that JP Morgan had inked an agreement to purchase a 48.5% share in the Athens-based payments startup Viva Wallet for more than $800 million.


The insider, who requested anonymity, stated that the agreement was likely to be disclosed early the next week.


Neither JP Morgan nor Viva Wallet would comment.


In January, JP Morgan stated that it had reached an agreement to purchase a share in Viva Wallet.


The stake will be bought from Viva Wallet's minority owners, including the Latsis family office, which owns around 13% of the company, the British fund Hedosophia, which owns approximately 24%, and Deca Investments, which owns approximately 10%.


Cloud-based Viva Wallet, which operates in 23 European countries, offers card acceptance services via its POS application, Google (NASDAQ:GOOGL) play add-on devices, and advanced online payment systems.