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Requiring Artists’ Consent Before Training AI Systems On Their Work Would “Basically Kill” The Industry In The UK – Nick Clegg

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Nick Clegg, former UK deputy prime minister and now a top executive at Meta, has intensified the growing debate over intellectual property rights in artificial intelligence development by declaring that requiring artists’ consent before training AI systems on their work would “basically kill” the industry in the UK.

Clegg made the statement while promoting his new book at the Charleston Festival, where he acknowledged that the creative community should have the right to opt out of AI training datasets—but rejected calls for a consent-first approach.

“Quite a lot of voices say, ‘You can only train on my content [if you] first ask.’ And I have to say that strikes me as somewhat implausible because these systems train on vast amounts of data,” Clegg said. “I just don’t know how you go around asking everyone first. I just don’t see how that would work. And by the way, if you did it in Britain and no one else did it, you would basically kill the AI industry in this country overnight.”

His comments come as UK lawmakers debate legislation that would compel technology firms to disclose which copyrighted works they have used to train their AI models—a push driven by concerns from artists, musicians, writers, and other creators that their intellectual property is being exploited without permission or compensation.

Parliament Pushes Back on Consent Amendment

The proposed amendment to the Data (Use and Access) Bill, introduced by Baroness Beeban Kidron, herself a filmmaker, would force AI companies to reveal which copyrighted works they use, thereby allowing creators to protect their work under existing laws. But despite vocal support from high-profile artists such as Paul McCartney, Elton John, Dua Lipa, and Ian McKellen, the amendment was rejected last week by the House of Commons.

UK Secretary of State for Science, Innovation and Technology Peter Kyle defended the rejection, saying the country must avoid a regulatory environment that pits AI development against creative industries.

“Britain’s economy needs both sectors to succeed and to prosper,” Kyle said, warning that overregulation could stifle AI growth in the UK.

However, creative sector leaders argue the core issue is fairness, not technological innovation. Without transparency and enforceable rights, they warn, AI developers are essentially stealing their work. Kidron wrote in an op-ed that the aim of the amendment was to give artists “visibility into what happens to their work” and ensure that AI models “do not train in secret, behind closed doors, on content that has been created over years, even decades.”

“The fight isn’t over yet,” Kidron added, confirming that the bill will return to the House of Lords in early June, where efforts to revive the transparency clause are already underway.

Escalating Global Dispute Over AI and Intellectual Property

Clegg’s remarks, delivered on stage in a room of creators, have drawn backlash not only from lawmakers but from the broader creative community. They view his dismissal of consent-based protections as a reflection of the tech industry’s longstanding reluctance to address how generative AI systems exploit copyrighted material.

This controversy is far from unique to the UK. Globally, AI developers face mounting lawsuits and public scrutiny over how training data is sourced. Authors in the U.S., artists in Europe, and news organizations in Asia have all raised concerns that AI models trained on copyrighted works are being commercialized without compensation or even acknowledgment.

In this context, Clegg’s assertion that the UK would be at a disadvantage by enforcing stronger protections is being seen by many creatives as a defense of an exploitative system. For artists, the concern is not just about the principle of consent, but about power—tech companies, they argue, are profiting from the creative labor of others while shielding the workings of their AI models from scrutiny.

A Fight Far From Over

As the AI industry continues to evolve at a blistering pace, the collision between innovation and rights is no longer hypothetical—it is already here. The UK, like many other countries, is being forced to choose between a tech-first approach and one that centers on transparency and fairness.

Clegg’s assertion may have been intended as a pragmatic warning, but to many in the creative sector, it’s the latest reminder of what they see as a pattern of technology companies claiming they cannot survive if held accountable for the content they use.

The return of the Data Bill to the House of Lords in June will be a pivotal moment. The outcome could determine whether the UK positions itself as a leader in ethical AI development or just another jurisdiction where creators’ rights are eroded in the name of innovation.

Trump Media Reportedly Plans to Raise $3bn for Crypto, Signals Retreat from Floundering Media Venture

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Trump Media & Technology Group (TMTG), the company behind Truth Social, is reportedly planning to raise a staggering $3 billion for cryptocurrency investments, with a particular focus on bitcoin.

The move, which includes $2 billion in fresh equity and another $1 billion through a convertible bond, comes at a time when the company is grappling with severe financial strain and plunging revenues from its core media business.

According to FT, the capital raise, still under deliberation, is expected to be announced ahead of a major cryptocurrency investor gathering this week. The event will feature key Trump allies and family members, including Vice President JD Vance and Trump’s sons, Donald Jr. and Eric Trump, signaling a coordinated push to reposition the company and its brand within the crypto space.

While the timing of the investment and the final terms remain fluid, the decision marks a sharp turn from TMTG’s original mission: to build a media alternative to mainstream platforms, driven by Trump’s ideological and political base. With Truth Social failing to live up to user growth and revenue expectations, the pivot to digital assets is being interpreted by many observers as a de facto divestment from its media ambitions.

“Trump Media Group just announced plans to raise $3 billion to buy cryptocurrencies. Instead of salvaging a failed business by borrowing a page from @Saylor’s playbook, it’s too bad Trump’s company can’t open a factory and produce real products to help Americans avoid his tariffs,” Peter Schiff, Chief Economist & Global Strategist at Euro Pacific, said.

A Company in Trouble

TMTG’s financial troubles have been mounting steadily. In 2024, the company posted a net loss of over $400 million, even as its total annual revenue fell to just $3.6 million — a figure considered paltry for a publicly traded tech firm. Truth Social, its core product, has struggled to attract advertising dollars and user engagement, both of which are vital for survival in the social media marketplace.

In its most recent quarterly filing, TMTG reported an alarming $327.6 million loss against revenue of just $770,500 — numbers that cast doubt on the viability of Truth Social as a business model. The company has repeatedly attributed its losses to high operating costs, legal expenditures, and a challenging advertising landscape. But observers have pointed to a deeper problem: the platform’s limited appeal beyond Trump’s political base and its failure to scale into a broader market.

From Social Media to Crypto: A Calculated Escape?

Against this bleak backdrop, TMTG’s shift toward cryptocurrency investment appears more like a financial maneuver than a genuine growth strategy. Industry analysts suggest the company is moving funds, or planning to attract new ones, into bitcoin and other crypto assets as a hedge against the growing uncertainty of its media revenue.

The timing of this move is particularly telling. TMTG recently signed a binding agreement to launch a suite of retail investment products, including crypto offerings and exchange-traded funds (ETFs), all framed around Trump’s “America First” economic policies. These products are aimed at politically aligned retail investors and serve to deepen the fusion between the Trump political brand and the digital asset economy.

However, regulatory watchdogs and government ethics officials have raised concerns about the company’s growing entanglement with unregulated financial products. There is concern that TMTG’s crypto ambitions could attract scrutiny over potential conflicts of interest, especially given Donald Trump’s return to the White House and the renewed influence his administration may exert over financial policy and regulatory agencies.

Still, supporters of the move argue that it reflects forward-thinking adaptability. TMTG, they say, is embracing innovation and responding to market realities by diversifying its portfolio — even if that means steering away from the social media platform that launched it.

In response to reports about the planned capital raise, a spokesperson for Trump Media dismissed the coverage as “fake news,” targeting the media outlets involved without denying the story’s substance. The company has remained tight-lipped about the exact structure or timeline of the investments but has hinted at a broader strategy to integrate financial technology into its platform ecosystem.

This strategy, however, raises critical questions about the company’s future. Is TMTG transitioning into a crypto-focused investment vehicle because it sees greater opportunity there, or is it simply fleeing a collapsing media venture in search of a lifeline?

For now, the numbers suggest the latter. With Truth Social posting negligible income and the parent company hemorrhaging capital, the promise of crypto riches appears to be less about strategic expansion and more about financial survival.

Savvy Investors’ Favorites: Why BlockDAG, Cardano, Polkadot, and Chainlink Are the Best Cryptos to Buy Right Now!

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As we wrap up May 2025, all eyes are on a few standout crypto projects that are making real strides with new updates, exchange plans, and price movements. These aren’t just short-term gains; each of these networks is making waves with significant presales, tech rollouts, and ecosystem expansions.

What’s exciting is that these moves are backed by concrete actions, like CEX listings, protocol upgrades, and increased token utility. If you’re following the top crypto picks right now, these are the ones that deserve attention. Let’s dive into the latest developments with BlockDAG, Cardano, Polkadot, and Chainlink and why they’re taking the lead in 2025.

1. BlockDAG: $269M Raised, 2400% ROI Ahead!

BlockDAG is making a huge splash in the crypto world, currently topping the list of the best coins to buy. With over $269 million raised and more than 21.2 billion BDAG tokens sold in its presale, the project is catching serious attention. The presale price of $0.0020 is locked in until June 13, but that’s when things get even more exciting.

On that date, BlockDAG will announce its listings on 20 major centralized exchanges, including MEXC and BitMart, and analysts are expecting a price jump to $0.05, giving early investors the potential for a 2,400% return. Plus, there’s a “Double Your BDAG” bonus available for those who add 50% more to their investment before the lock ends.

On the tech side, BlockDAG is already delivering real results. Its beta testnet is live, complete with smart contracts, token tools, and an explorer that works smoothly. More than 17,600 mining rigs have been sold, and the X1 mobile miner app has already hit 1 million users.

What sets BlockDAG apart is its hybrid technology, combining DAG and proof-of-work for fast, scalable performance without sacrificing decentralization. With exchange listings, a growing user base, and solid infrastructure in place, BlockDAG isn’t just a hot topic, it’s a project actively shaping the future of crypto.

2. Cardano Eyes $1 After Strong Recovery

Cardano (ADA) is back in the spotlight after bouncing back from some weekend price drops. Trading at $0.7709 with a solid 5.09% gain in the past 24 hours, ADA is once again above key support levels after a brief dip driven by profit-taking and broader economic concerns. Analysts are now eyeing a $1 target for ADA, supported by growing confidence in its fundamentals and technical chart indicators.

The Cardano ecosystem is seeing increased activity, particularly in the DeFi space, where the network is focused on boosting interoperability and scaling solutions. With predictions suggesting ADA could reach as high as $2.91 by 2025, and mid-term targets around $0.93, the future looks promising.

While Cardano may not be grabbing major headlines, it’s steadily gaining traction for its strong utility and low-risk potential, making it a regular feature in top crypto to buy lists.

3. Polkadot’s Upgrades Fuel DOT Growth

Polkadot (DOT) is making waves in the crypto scene with recent upgrades and optimistic forecasts. Currently priced at $4.58, DOT has gained 2.46% in the last 24 hours. One of the latest developments is the approval of a proposal to raise annual inflation to 120 million DOT, alongside the upcoming runtime upgrade 1.5.0. These changes are aimed at driving developer activity and enhancing staking rewards.

On top of that, Polkadot’s growing adoption among Web3 apps is hard to ignore. Its parachain flexibility makes it a top choice for projects looking for robust compute layers. Short-term projections put DOT at $4.91, with some analysts seeing it reach as high as $9.86 to $14.18 later this year.

Long-term predictions are even more optimistic, with some targeting a return to $55 if market conditions stay favorable. With all these developments, Polkadot is cementing itself as a solid pick in the best crypto to buy conversation this May.

4. Chainlink Price Surge Signals Big Moves

Chainlink (LINK) is making a strong case as a top crypto pick this week, with its price jumping to $15.84, marking a 4.28% rise in just 24 hours. It’s been trading within a range of $14.93 to $15.91, and analysts are noticing bullish signals that could see LINK outperforming BTC in the coming weeks. Chainlink’s strong role in decentralized finance, especially with its price feeds and oracles supporting multiple blockchains, only adds to its appeal.

While some caution exists in the short term, with a potential pullback to $12.09, the long-term outlook is positive. LINK could climb as high as $35.77, driven by market dynamics and increased protocol usage. Chainlink isn’t just another token—it’s a crucial part of Web3’s infrastructure. That real-world utility, coupled with its recent momentum, is why Chainlink keeps showing up on best crypto to buy lists.

Final Thoughts

The crypto space is buzzing with real progress, and names like BlockDAG, Cardano, Polkadot, and Chainlink are leading the charge. These projects aren’t just riding market waves, they’re making real moves that matter.

BlockDAG is taking center stage with its impressive $269M presale, tech updates, and upcoming exchange listings. Cardano continues to prove its resilience with a strong DeFi presence.

Polkadot’s big governance changes are positioning it for long-term success, while Chainlink is showing breakout potential with solid fundamentals. These aren’t just trends, they’re the projects driving the future of crypto, and if you’re following the market closely, they’re the ones to watch.

Global Payment Service Provider SPAYZ.io Expands Operation Into Three Dynamic African Markets

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A customer makes a purchase. 

SPAYZ.io, a global payment service provider that enables hassle-free payment acceptance and growth in the Asian, African, and European markets, has expanded operations into three dynamic African markets, South Africa, Egypt, and Cameroon.

This marks a major step forward in its mission to deliver localized payment solutions across high-growth regions in Africa. As it continues to scale, its focus remains on empowering businesses with region-specific infrastructure that meets the needs of modern commerce.

Speaking on SPAYZ.io expansion to these African markets, Dmitrii, Head of Strategic Partnerships said,

“It is important that we don’t rush into new markets just for the sake of expansion. Instead, we take a deliberate and thoughtful approach to growth that is long-term, ensuring our payment solutions are stable and easy to access. Every market we enter is the result of careful research, strategic planning, and a deep understanding of the local ecosystem. It’s the reason why Africa is a priority region for us. Our planned launches in South Africa, Egypt, and Cameroon reflect our approach. We are giving our clients access to markets with a burgeoning consumer base, driven by the rapid adoption of new technologies. I look forward to seeing the new opportunities these launches will open to our partners and look forward to discussing our plans during our participation at FMAS later this month.”

SPAYZ.io’s launch in these African countries comes after the company earlier this month, expanded operations to Nigeria, Japan, and the Philippines, providing merchants access to high-growth markets through innovative financial solutions.

Africa is currently attracting mounting interest from merchants seeking access to some of the region’s fastest-growing, consumer-led markets. The adoption of digital payments and the transition away from physical cash has sparked domestic demand for online transactions that cater to local payment methods.

SPAYZ.io has revealed a commitment to enhance financial transactions across the African continent, providing seamless and efficient payment methods that cater to the needs of consumers alike. The payment provider offers a range of payment solutions designed to facilitate secure and efficient transactions for businesses, particularly in Asian, African, and European markets.

Their offerings include the following:

QR Code Payments: Allows users to scan a QR code for instant, secure transactions.

Bank Card Processing: Supports quick and secure processing for major international credit and debit cards, compliant with PCI DSS standards.

E-Wallets: Provides fast and easy electronic transactions for users without online bank accounts, including services like GCash P2P in the Philippines, Jazzcash and Easypaisa in Pakistan, Touch’n’Go and FPX in Malaysia, Dana and OVO in Indonesia, and MobileMoney and Viettel in Vietnam.

Online Banking/Internet Banking: Enables customers to access bank accounts and make transactions via mobile devices or computers.

Payment Acquiring: Simplifies accepting payments from customers securely through SPAYZ.io’s platform.

Open Banking: A flagship solution for the EU, offering seamless integrations and compliance with PSD2 regulations for enhanced security and customer experience.

Local Bank Transfers: Supports pay-in and payout transactions, such as EFT Bank Transfers in South Africa and bank transfer services in Nigeria.

Mobile Money Solutions: Available in markets like Egypt, Cameroon, Kenya (M-Pesa), Ghana, and Congo, catering to regions with high mobile money adoption.

API Integration: Allows businesses to integrate SPAYZ.io’s payment solutions into their CRM systems, with access to a merchant account for monitoring operations and API keys.

SPAYZ.io is on a mission to redefine the world of payments. By offering innovative, secure, and scalable payment solutions, we’re helping businesses navigate the complexities of global finance with ease. Its commitment to excellence and our passion for technology drive us to constantly evolve and adapt to the needs of its clients.

4 Top Crypto Gems to Buy Now for Massive Gains: BlockDAG, AVAX, BNB & TRON!

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With changing narratives shaping the market and buyers focusing on real results instead of hype, timing your entry point has become critical. Whether aiming for short-term gains or building a longer strategy, narrowing down the top crypto gems to buy now depends on three main factors: real use, easy access, and growth potential.

Some coins are securing major exchange listings, while others grow by forming partnerships and driving regular user activity. This article highlights four options gaining traction, BlockDAG, Avalanche, BNB, and TRON. Each has a unique strength, and all are being looked at as top crypto gems to buy now before the next big market jump.

1.  BlockDAG: Price Frozen at $0.0020 and Raised $269M

BlockDAG keeps surprising the market with its strong presale, having already raised $269 million and sold more than 21.2 billion BDAG coins. The current price is fixed at $0.0020 until June 13, and with a confirmed launch price of $0.05, there’s a potential for 2,400% gains. The network runs on a combined model of Directed Acyclic Graph (DAG) and Proof-of-Work, offering both speed and security. Its testnet is already active, including features like a no-code dApp creator and a refreshed blockchain explorer. Over 1 million users are now mining BDAG through the X1 crypto mining software, and more continue joining.

The project has sold more than 17,600 ASIC miners and is preparing for its listing on 20 centralized platforms such as MEXC, LBank, BitMart, and Coinstore. These listings will go live right after the presale ends. Partnerships with Inter Milan and UFC fighter Alex Pereira have improved its reach.

What sets BlockDAG (BDAG) apart is its working system, wide promotions, and real user data. With the entry price still open and listings locked in, BDAG stands as one of the few coins still offering meaningful early access. That’s why many consider it a top crypto gem to buy now before the next big price rally.

2.  Avalanche: Increased Whale Activity Boosts Confidence

Avalanche (AVAX) trades at $22.25 after falling 3.76% in the past 24 hours. Despite the dip, big holders are buying in large amounts. Net inflows are up by 380%, suggesting experienced buyers are preparing early. Analysts see AVAX hitting $27 soon, with some aiming as high as $55 in the near future.

Support from the VanEck Web3 Fund and continued progress with its Fusion program are bringing more attention from DeFi projects and institutional players. Avalanche’s growing ecosystem and quiet upward trend keep it listed among the top crypto gems to buy now, especially for those watching background signals like accumulation and developer activity.

3.  BNB: Reliable Utility Supports Its Price

BNB trades at about $602 and is holding up well compared to other large caps. What keeps BNB stable is its strong use across Binance, from lower trading fees to rewards from burns and staking. Even when the market dips, BNB stays active, and this built-in use is what helps it stay strong.

Though it hasn’t made big moves recently, BNB still ranks on many lists of top crypto gems to buy now for those who want something stable. It’s not a coin expected to spike overnight, but with global rules getting clearer, BNB’s purpose and backing from Binance make it a strong option to hold over time.

4.  TRON: Real-World Use Adds Strength

TRON (TRX) is priced at $0.115 with a modest 0.49% gain today. Though it’s not making headlines, TRON continues showing steady use across its network. It’s a major option for USDT transactions and has a strong base in Asia and Latin America. This everyday use gives TRON a strength that many other coins don’t have.

The project also sees steady work from developers and has grown its DeFi space by adding more apps and protocols. These elements are why TRX is often counted among the top crypto gems to buy now for those looking at coins with real daily use. It may not rise fast, but its base and use case make it a strong choice.

Wrapping Up!

Each coin here brings something different. Avalanche is seeing more big holder action, BNB keeps its value with steady Binance use, and TRON adds real-world activity and DeFi growth. But BlockDAG is showing another level of progress.

With $269 million raised, a locked presale price of $0.0020, and 20 exchange listings nearing, BDAG is giving early buyers special access before it hits $0.05. Its testnet is working, hardware has been sold, and the number of users is rising. These steps aren’t future plans, they’re already happening. That’s what puts BlockDAG among the top crypto gems to buy now. With only a short window before listings begin, it could be the last low-price entry available.