News list for " said Wednesday"
OpenAI CEO Altman said Wednesday that the GPT-4.5 model, known internally as Orion, will be available "in a few weeks." Foreign media reported in November that Orion has not yet achieved the performance expected by OpenAI. Altman said the model will be the last one the company has launched that does not use additional computing power to mimic the way humans reason. OpenAI has adopted inference models in some of its newer models, including o1 and o3.
U.S. President Donald Trump said he spoke with Russian President Vladimir Putin on Wednesday and the two sides agreed to negotiate an end to the Russian-Ukrainian war. Trump posted on social media platforms that he planned to call Ukrainian President Vladimir Zelensky about the conversation later on Wednesday.
Russian companies have started using bitcoin and other digital currencies in Global Payments after legislative changes to allow them in response to Western sanctions, Russian Finance Minister Anton Siluanov said on Wednesday. This year, Russia allowed the use of cryptocurrencies in foreign trade and has taken steps to legalize the mining of cryptocurrencies, including bitcoin. Russia is one of the leading countries in the world for bitcoin mining. Siluanov said: "Such transactions...
Federal Reserve Chairperson Jerome Powell said on Wednesday that the US economy is stronger than it was when the central bank began cutting interest rates in September last year, making policymakers likely to be more cautious about further rate cuts. "We can be more cautious as we try to find a neutral position," Mr. Powell said. Mr. Powell's comments on Wednesday appeared to be in line with more cautious policymakers and largely echoed earlier views that the Fed could consider rate cuts "carefu...
Mr. Nagel, the European Central Bank's governing body, said on Wednesday that the central bank could cut interest rates again next week but that easing should be gradual and cautious. "Given that the process of falling inflation has largely proceeded as currently expected, at this stage I would not object if we continued to lower the policy rate," Mr. Nagel said on Wednesday. "But I will reserve my final judgment and will make my decision after reviewing the new macroeconomic forecasts for Decem...
Former SEC Chairperson Jay Clayton said on Wednesday that Congress could pass legislation to regulate cryptocurrencies under Trump. Clayton also said he favors easing regulatory burdens to encourage companies to go public, heralding a broad change in public policy that the industry is currently looking forward to, as they spend heavily to influence this month's presidential election.
Citi (C) said in a research note on Wednesday that a sweeping Republican victory in the upcoming U.S. election would be the most favorable outcome for Coinbase and the broader crypto market, while a Harris victory and a divided Congress could lead to more uncertainty in the digital asset industry. Citi pointed out that the existing House Financial Services subcommittee is composed of several Democrats who are strongly opposed to cryptocurrencies. However, they "can...
Four cryptocurrency companies and 14 individuals have been charged, U.S. prosecutors said on Wednesday, marking the first criminal indictment of a financial services firm for manipulating the cryptocurrency market and conducting fraudulent transactions. Federal prosecutors in Boston have filed charges against companies including Gotbit, ZM Quant, CLS Global, and MyTrade, as well as their leaders and employees, and have arrested multiple overseas suspects. Five have agreed to plead guilty or have...
Payments giant Visa said Wednesday that Spanish bank Bilbao Vizcaya (BBVA) has been participating in the development of the new Visa Tokenized Asset Platform (VTAP) sandbox this year. The bank is testing the issuance, transfer and exchange of bank tokens on the network blockchain. It plans to launch an initial pilot on the Ethereum blockchain to selected customers in 2025. (Blockworks)
On August 29, Google said on Wednesday that in order to challenge OpenAI's dominance in the artificial intelligence market, the company has made the first major update to its flagship artificial intelligence model Gemini, releasing customizable "Gems". Gemini will also integrate directly into the company's artificial intelligence image generation machine, Imagen 3. However, it still cannot generate human images, and a previous version produced problematic images and forced Google to take the too...
