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Urban Clouds

๐Ÿ‘‰ Issue #38 of QX Snapshots is out!




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Highlights:


โ›“ [๐๐ฅ๐จ๐œ๐ค๐œ๐ก๐š๐ข๐ง] PwC Global CBDC Index; Tokenized Deposits: what are Visa & HSBC up to? Visa completed a pilot program with HSBC and Hang Seng Bank in Hong Kong to test tokenized deposits using central bank digital currencies. The program simulated interbank business-to-business payment use cases like property payments and settlements between merchants and payment institutions. PwC released its Global CBDC Index and Stablecoin Overview 2023.


โ–ถ [๐๐ฅ๐จ๐œ๐ค๐œ๐ก๐š๐ข๐ง] HSBC and Ant Group successfully tested the use of tokenized deposits for intra-group payment transactions.


๐Ÿค– [๐€๐ˆ] UK and US Launch Initiatives to Evaluate AI Risks. UK has launched the AI Safety Institute, a new global hub to test the safety of emerging AI technologies. Backed by major AI firms like Google DeepMind and nations including the US, Japan, and Singapore. NIST is launching a consortium to develop methods for evaluating AI safety and trustworthiness. It is calling for participants across government, industry, and communities to join the consortium through a cooperative research agreement.


โ–ถ [๐€๐ˆ] Musk's xAI set to launch first AI model to select group.


๐ŸŽ† [๐๐ฎ๐š๐ง๐ญ๐ฎ๐ฆ ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ] Moody's Analytics: Quantum Computing for Quants; IBM, Boeing Boost Training, Access and Research. QURECA is partnering with Moody's Analytics to develop a "Quantum Computing for Quants" training course, launching in January 2024. This initiative aims to bridge the gap between quantum computing and finance by empowering professionals to harness quantum computing for quantitative analysis.


โ–ถ[๐๐ฎ๐š๐ง๐ญ๐ฎ๐ฆ ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ] Cisco Investments joined Aliro Quantum's recent funding round with Accenture Ventures and Flybridge.


๐Ÿ’ป [๐Œ๐ž๐ญ๐š๐ฏ๐ž๐ซ๐ฌ๐ž] Saudi's Neom Invests $50 million in Metaverse While Telefonica Lays Metaverse Foundations. Saudi's Neom and Animoca signed a memorandum of understanding to collaborate on digital infrastructure projects supporting Neom's goals and establishing a hub in the region. Telefonica defines four layers of the metaverse: telecoms network, devices, engine (gaming), and experience. They are working with partners like Meta and Pico on devices and experiences.


โ–ถ [๐Ž๐ญ๐ก๐ž๐ซ ๐“๐ž๐œ๐ก] A $5 billion lawsuit against Google over its misleading "Incognito Mode" in Chrome poses a major challenge to the company's privacy claims. Atlassian warned customers of a critical security flaw that could lead to significant data loss if exploited. China aims to produce its first humanoid robots by 2025 and lead globally in the field, per a government blueprint. It plans breakthroughs in sensing, motion control, and human interaction over two years.

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