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Urban Clouds

๐Ÿ‘‰ Issue #34 of QX Snapshots is out!




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โ›“ [๐๐ฅ๐จ๐œ๐ค๐œ๐ก๐š๐ข๐ง] The oil and gas consortium Blockchain for Energy launched a blockchain solution to automate transport logistics - the Commodity Transport Web3 Field Automation solution. Meanwhile, Project Mandala, a new BIS project was launched to address compliance with regulatory requirements for cross-border transactions including CBDCs and tokenized deposits. Separately, the Bank of Korea announced a wholesale CBDC pilot to support tokenized bank deposits on a shared ledger.


โ–ถ [๐๐ฅ๐จ๐œ๐ค๐œ๐ก๐š๐ข๐ง] Hong Kong Stock Exchange debuts โ€˜blockchain-basedโ€™ settlement system.


๐Ÿค– [๐€๐ˆ] Alibaba is delving deep into generative AI, launching its powerful chatbot, Tongyi Qianwen, positioned as a Q&A bot, similar to ChatGPT. Integrated with the retail platform Taobao, it offers improved product recommendations and is part of Alibaba's voice AI for smart speakers and workplace apps. The Netherlands, the U.N., and the European Commission have initiated a project to equip European national agencies for AI oversight. This comes in anticipation of the forthcoming AI Act, which will regulate AI usage in Europe.


โ–ถ [๐€๐ˆ] How the EU Artificial Intelligence Act can protect fundamental rights in the AI age.


๐ŸŽ† [๐๐ฎ๐š๐ง๐ญ๐ฎ๐ฆ ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ] Quantum technology funding declined dramatically in Q3 2023 after years of growing investment, The Quantum Insider's quarterly report revealed. The Post-Quantum Cryptography (PQC) Coalition launched with founding members IBM Quantum, Microsoft, MITRE, PQShield, SandboxAQ, and University of Waterloo.


โ–ถ[๐๐ฎ๐š๐ง๐ญ๐ฎ๐ฆ ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ] IBM and UC Berkeley show a path toward useful quantum computing.


๐Ÿ’ป [๐Œ๐ž๐ญ๐š๐ฏ๐ž๐ซ๐ฌ๐ž] Meta Trims Reality Labs Amid Yuga Labs' Strategic Push into Metaverse with Hadean. Meta is set to make cuts in its Reality Labs division, particularly in the Facebook Agile Silicon Team (FAST) unit, which focuses on custom silicon development for the metaverse. Meanwhile, Yuga Labs has made a significant strategic investment in spatial computing startup Hadean to bolster its upcoming Otherside metaverse.


โ–ถ [๐Ž๐ญ๐ก๐ž๐ซ ๐“๐ž๐œ๐ก] The UK government is investing ยฃ30 million in innovative medical technology for the NHS to reduce waiting lists, expedite diagnosis, and enhance patient treatment.


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