As business leaders prepare for a cashless economy in which crypto could play a larger role, the ability to protect customer and client data remains a concern. 

About a third of executives expect the shift to a cashless economy to occur in the next five years, according to a survey published by consulting firm Protiviti and Oxford University. 

Roughly 85% expect such a future to come 10 years from now, with 87% expecting assets like bitcoin, ether and tether to impact their businesses.

The survey, conducted between July and September gathered responses from 251 board members, C-suite executives and other business leaders in North America, Europe and Asia. 

Cory Gunderson,…

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Over 100,000 GPUs from data centers and private clusters are set to plug into a new decentralized physical infrastructure network (DePIN) beta launched by io.net.

As Cointelegraph previously reported, the startup has developed a decentralized network that sources GPU computing power from various geographically diverse data centers, cryptocurrency miners and decentralized storage providers to power machine learning and AI computing.

The company announced the launch of its beta platform during the Solana Breakpoint conference in Amsterdam, which coincided with a newly formed partnership with Render Network.

Tory Green, chief operating officer of io.net, spoke exclusively to Cointelegraph…

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Last week the administration of United States President Joe Biden issued a lengthy executive order intended to protect citizens, government agencies and companies through ensuring AI safety standards. 

The order established six new standards for AI safety and security, along with intentions for ethical AI usage within government agencies. Biden said the order aligns with the government’s own principles of “safety, security, trust, openness.”

My Executive Order on AI is a testament to what we stand for:

Safety, security, and trust. pic.twitter.com/rmBUQoheKp

— President Biden (@POTUS) October 31, 2023

It includes sweeping mandates such as sharing results of safety tests with…

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Gaming console Xbox is tapping into artificial intelligence (AI) with a new partnership intending to boost game creators by integrating generative AI into their game creation toolkits. 

In a blog post, Xbox general manager of gaming AI Haiyan Zhang announced that the company is building AI game dialogue and narrative tools through a multi-year partnership with Inworld AI, a company focused on allowing the integration of AI into non-playable characters (NPCs) in-game. Zhang wrote: 

“We see a world of opportunities to accelerate game developer creativity, reduce complexity, and enhance player experiences.”

According to Zhang, the AI toolset will include an AI design copilot that will…

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The Virtual Assets Regulatory Authority [VARA] is one of the earliest world regulatory bodies to release comprehensive crypto assets regulations to promote crypto-related activities in Dubai. Established in March 2022, VARA was created to promote the Emirate as a regional and international hub for virtual assets and related services.

VARA released a comprehensive regulatory framework for virtual asset service providers (VASP) in February this year. The regulatory framework includes four compulsory rulebooks and activity-specific rulebooks for VASPs. These rules will govern VASPs operating within the Dubai region only. The VARA framework also includes a rulebook for marketing, advertising…

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