Binance co-founder Changpeng ‘CZ’ Zhao has voiced strong support for government transparency, advocating for all public spending to be tracked on the blockchain. It comes after reports suggesting Elon Musk and the Department of Government Efficiency (DOGE) are exploring blockchain to improve fiscal accountability and address the federal deficit in the United States. In a post on 25 January, CZ argued that all government expenditures should be recorded on an immutable public ledger, stressing that “public spending” should be fully transparent.
The call for onchain tracking of government spending has sparked widespread debate online, particularly among advocates of small government and fiscal responsibility. Blockchain’s transparency could offer a solution to rising government debt and fiscal irresponsibility, as the immutable nature of the ledger would make it impossible to alter past transactions.
In light of the ongoing global fiscal challenges, including the US’s mounting $36 trillion national debt, CZ’s suggestion aligns with the broader discussion about the role of blockchain in promoting sound monetary and fiscal policies. Fixed-supply assets like Bitcoin are increasingly seen as a hedge against currency inflation, and some, including former President Trump, have suggested using Bitcoin to pay off national debt.
The idea of tracking government spending on the blockchain continues to gain traction as a potential method for increasing transparency and reducing inefficiencies within government finances.
The CEO of Japanese IT giant NTT DATA has called for global standards in AI regulation to mitigate the risks posed by the rapidly advancing technology. Speaking at the World Economic Forum in Davos, Switzerland, Abhijit Dubey emphasised that inconsistent regulations could lead to significant challenges. He argued that standardised global rules are essential for addressing issues like intellectual property protection, energy efficiency, and combating deepfakes.
Dubey pointed out that the key to unlocking AI’s potential lies not in the technology itself, which he believes will continue to improve rapidly, but in ensuring businesses are prepared to adopt it. A company’s ability to leverage AI, he said, depends on the readiness of its workforce and the robustness of its data architecture.
He stressed that companies must align their AI strategies with their broader business objectives to maximise productivity gains. ‘The biggest issue isn’t the technology it’s whether organisations are set up to implement it effectively,’ Dubey noted.
The discussion at Davos highlighted the urgent need for collaboration among governments, businesses, and industry leaders to create cohesive AI regulations that balance innovation with risk management.
The UK government has demanded urgent action from major social media platforms to remove violent and extremist content following the Southport killings. Home Secretary Yvette Cooper criticised the ease with which Axel Rudakubana, who murdered three children and attempted to kill ten others, accessed an al-Qaeda training manual and other violent material online. She described the availability of such content as “unacceptable” and called for immediate action.
Rudakubana, jailed last week for his crimes, had reportedly used techniques from the manual during the attack and watched graphic footage of a similar incident before carrying it out. While platforms like YouTube and TikTok are expected to comply with the UK‘s Online Safety Act when it comes into force in March, Cooper argued that companies have a ‘moral responsibility’ to act now rather than waiting for legal enforcement.
The Southport attack has intensified scrutiny on gaps in counter-terrorism measures and the role of online content in fostering extremism. The government has announced a public inquiry into missed opportunities to intervene, revealing that Rudakubana had been referred to the Prevent programme multiple times. Cooper’s call for immediate action underscores the urgent need to prevent further tragedies linked to online extremism.
Meta’s new Ray-Ban smart glasses, featuring a Live AI assistant, promise a futuristic way to interact with the world. Users can ask questions about their surroundings, with the AI offering answers in real time. From recipe ideas to decorating advice, Live AI aims to be a virtual assistant that sees what you see and responds conversationally.
Despite its intriguing potential, Live AI struggles in everyday use. Its responses often state the obvious, like suggesting scrambled eggs when a fridge has two eggs and no milk. Users also find it challenging to remember to use the feature, with a smartphone search frequently feeling more practical and efficient. Moreover, the AI’s suggestions often lack the depth needed to be genuinely useful.
Making Live AI effective requires users to master the art of asking precise, specific questions a skill that doesn’t come naturally to everyone. This, combined with issues like misinterpreting conversations and a short battery life, makes the technology feel less magical in real-world scenarios. While the glasses point to a vision of hands-free AI, they currently struggle to provide a compelling alternative to existing devices.
AT&T has secured $850 million by selling and leasing back 74 underutilised central office facilities that house its legacy copper network. The deal was made with real estate firm Reign Capital and is part of AT&T’s strategy to phase out its copper network operations by 2029. The company is transitioning to fibre optic and wireless networks, which are more efficient and require less space.
The sale-leaseback arrangement enables AT&T to sell the properties while retaining the necessary space for its network operations. Michael Ford, AT&T’s global real estate head, described the agreement as a way to “unlock value in otherwise stranded commercial real estate space.” The transaction, completed in early January, impacts only a small portion of the company’s extensive real estate portfolio and will not affect jobs or services.
AT&T shares rose by 0.7% following the announcement, reflecting market confidence in the company’s move to optimise its assets and shift towards modern, high-demand technologies.
The European Commission has concluded its preliminary investigation into social media platform X and is poised to decide on a fine amounting to millions of euros, according to reports from Germany’s Handelsblatt newspaper. The probe’s findings and implications are expected to be revealed soon.
The investigation, conducted under the European Union‘s strict digital regulations, signals the bloc’s commitment to ensuring compliance from major tech companies operating within Europe. Details about the specific breaches or concerns raised during the probe have not yet been disclosed.
The European Commission has not commented on the report. The decision to impose a substantial fine would mark a significant move in enforcing its Digital Services Act, aimed at holding tech platforms accountable.
Eurozone banks should embrace a digital euro to counter United States President Donald Trump’s new push to promote dollar-backed stablecoins globally, European Central Bank (ECB) board member Piero Cipollone stated on Friday. Cipollone warned that stablecoins, which function similarly to money market funds, could further erode banks’ revenues and customer base, strengthening the need for an ECB-backed digital currency.
A digital euro would provide a secure, centralised online wallet guaranteed by the ECB but managed by private banks, allowing even unbanked individuals to make payments. However, eurozone banks have raised concerns about losing deposits to this digital alternative. Cipollone emphasised that such a move would safeguard Europe’s financial system from potential disruptions caused by stablecoins gaining global traction.
While the ECB continues to experiment with a digital euro, a final decision depends on European lawmakers approving the necessary legislation. Meanwhile, Trump’s executive order on Thursday prohibited the Federal Reserve from issuing its own digital currency. Over 40 countries, including China and Russia, are already piloting central bank digital currencies, putting pressure on the eurozone to accelerate its digital efforts.
Big Cheese Studio, a game development studio based in Poland, confirmed it suffered a cyberattack early Friday, according to the Polish Press Agency (PAP). The attack occurred around 4:00 GMT, and the company’s website remained offline several hours later. Management stated that security measures were in place, with an official statement expected later in the day.
Reports indicate hackers accessed the studio’s game code systems and employee personal data. The attackers are allegedly demanding 100,000 zlotys (£19,000) in cryptocurrency to prevent the release of stolen information. Users on social media platform X brought attention to the ransom threat, sparking concerns over data privacy and security.
Big Cheese Studio, listed on the Warsaw Stock Exchange, is working to address the breach. The incident underscores growing risks faced by companies in the gaming industry from cyber threats.
Meta has begun testing advertisements on its Threads platform in the US and Japan, targeting a small group of users with image ads in their home feeds. The trial comes as the platform surpasses 300 million monthly active users. Businesses will have the opportunity to extend their existing Meta campaigns to Threads, with the company closely monitoring the tests before a wider rollout.
Advertisers will also benefit from a new inventory filter powered by AI, enabling control over the type of content their ads appear alongside. Analysts suggest that while Threads is still a minor player in Meta’s overall revenue strategy, growing uncertainty around TikTok has led brands to explore alternative platforms.
Launched in July 2023 as a competitor to X, formerly known as Twitter, Threads continues to attract users following X’s controversial changes under Elon Musk. Meta’s plans to expand its AI infrastructure with a $65 billion investment this year further highlight its ambitions to remain competitive with tech giants such as OpenAI and Google.
While Threads is not expected to contribute significantly to Meta’s revenue by 2025, its integration into Meta’s broader ad ecosystem demonstrates the company’s efforts to capitalise on the platform’s growing popularity.
Meta Platforms plans to invest up to $65 billion in 2025 to strengthen its artificial intelligence infrastructure, positioning itself against competitors OpenAI and Google. Chief Executive Mark Zuckerberg announced the plans, including ramped-up hiring for AI roles and the development of a massive 2-gigawatt data centre, enough to cover much of Manhattan.
The company, a significant buyer of Nvidia’s AI chips, aims to have over 1.3 million graphics processors in place by the end of the year. Meta intends to introduce about 1 gigawatt of computing power in 2025, marking a pivotal step in its strategy. Zuckerberg highlighted the transformative potential of AI, predicting its influence on Meta’s products and business over the coming years.
Competition in the AI sector has intensified, with companies like Microsoft and Amazon also committing tens of billions to AI infrastructure. Meta’s announcement follows news of Stargate, a $500 billion AI venture involving OpenAI, SoftBank, and Oracle. Analysts suggest Meta’s timing underscores its determination to remain a key player in the AI race.
Meta has distinguished itself with its open-source Llama AI models, which are freely accessible to consumers and businesses. Zuckerberg expects Meta’s AI assistant, already serving 600 million users, to reach over 1 billion by 2025. The planned investment significantly exceeds previous spending levels, signalling Meta’s commitment to leading in the rapidly evolving AI landscape
