Month: February 2025

U.S. House Committee Advances Effort to Erase IRS’ DeFi Tax Rule

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The U.S. House of Representatives has taken the first significant move to erase the work of the Internal Revenue Service to impose a tax regime on decentralized financial (DeFi) platforms in the final days of former President Joe Biden’s administration. The House Ways and Means Committee — the panel responsible for overseeing the Treasury Department’s … Read more

Treasury Secretary Scott Bessent Hires Galaxy Digital Counsel to Advise on Crypto

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U.S. Treasury Secretary Scott Bessent named Galaxy Digital regulatory counsel Tyler Williams to advise on digital assets and blockchain technology policy. Williams currently serves as head of Regulatory and Legislative Affairs & Regulatory Counsel at Galaxy Digital and also lectures part-time at The George Washington University Law School. He has previously worked with the government, … Read more

ElevenLabs is launching its own speech-to-text model

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ElevenLabs, an AI startup that just raised a $180 million mega funding round, has been primarily known for its audio generation prowess. The company took a step in another technological direction by launching its first standalone speech-to-text model called Scribe. The startup, valued at $3.3 billion, has aided many other companies in providing speech-to-text services … Read more

Jeff Bezos bans Washington Post opinion writers from opposing ‘free speech and free markets’

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Jeff Bezos attends President Donald Trump’s inauguration, joined by fellow free speech and free market supporters Mark Zuckerberg and Elon Musk. | Image: Getty Images In a move promoted as supporting freedom of speech, The Washington Post will no longer publish opinion columns that oppose the core views of Post owner and Amazon executive chair … Read more

How Pattern PXM’s Content Brief is driving conversion on ecommerce marketplaces using AI

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Brands today are juggling a million things, and keeping product content up-to-date is at the top of the list. Between decoding the endless requirements of different marketplaces, wrangling inventory across channels, adjusting product listings to catch a customer’s eye, and trying to outpace shifting trends and fierce competition, it’s a lot. And let’s face it—staying … Read more

How to configure cross-account model deployment using Amazon Bedrock Custom Model Import

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In enterprise environments, organizations often divide their AI operations into two specialized teams: an AI research team and a model hosting team. The research team is dedicated to developing and enhancing AI models using model training and fine-tuning techniques. Meanwhile, a separate hosting team is responsible for deploying these models across their own development, staging, … Read more

The U.S. War on Crypto Isn’t Over

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In the wake of the appointment of a U.S. crypto czar and the announcement of comprehensive crypto legislation, many believe the era of “regulation by enforcement” in the U.S. is over. But while the SEC and CFTC now have crypto-friendly chairmen, both state regulators and Attorneys General are poised to take their place as aggressive … Read more

ByteDance processes billions of daily videos using their multimodal video understanding models on AWS Inferentia2

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This is a guest post authored by the team at ByteDance. ByteDance is a technology company that operates a range of content platforms to inform, educate, entertain, and inspire people across languages, cultures, and geographies. Users trust and enjoy our content platforms because of the rich, intuitive, and safe experiences they provide. These experiences are … Read more