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Urban Clouds

๐Ÿ‘‰ Issue #44 of QX Snapshots is out!





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Highlights:


โ›“ [๐๐ฅ๐จ๐œ๐ค๐œ๐ก๐š๐ข๐ง] Fnality's blockchain-based Wholesale Payments; S&P Global Stablecoin Stability Assessment; Coinbase Project Diamond for Tokenization. Fnality, a blockchain payments company, completed the first live transactions representing funds held in a Bank of England account. Shareholders including Lloyds, Santander, and UBS participated. Fnality aims to improve efficiency in wholesale payments across borders and enable 24/7 settlement.ย 


โ–ถ [๐๐ฅ๐จ๐œ๐ค๐œ๐ก๐š๐ข๐ง] Call for expression of interest: exploring new technologies for wholesale central bank money settlement - European Central Bank


๐Ÿค– [๐€๐ˆ] OpenAIโ€™s deal with Axel Springer; European Commission Q&A on the AI Act; UK CDEI AI Assurance Portfolio OpenAI signed a content sharing deal with Axel Springer, parent company of Business Insider and Politico. The agreement allows ChatGPT to access and cite articles from Axel Springer publications to improve responses to user prompts, while providing links back to full stories.ย 


โ–ถ [๐€๐ˆ] AI presents growing risk to financial markets, US regulator warns - Financial Times


๐ŸŽ† [๐๐ฎ๐š๐ง๐ญ๐ฎ๐ฆ ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ]ย ย Deloitte Foresees 2024 PQC Adoption Surge, Advances in Quantum Networks, and IBM's Quantum Processor Innovations. Deloitte predicts 2024 will see a major breakthrough in adoption of post-quantum cryptography (PQC), driven by upcoming PQC standards from the National Institute of Standards and Technology (NIST).ย 


๐Ÿ’ป [๐Œ๐ž๐ญ๐š๐ฏ๐ž๐ซ๐ฌ๐ž]ย Worldline Innovates Metaverse Shopping Hub, Renault Group's 'Re-Industry' Plan Powered by Industrial Metaverse. Renault Group announced an ambitious plan to transform its industrial operations by 2027, called Re-Industry. It aims to reduce production costs per vehicle by 30%. This will be enabled by accelerating the digitalization and efficiency of its manufacturing through Renault Group's Industrial Metaverse.ย 


โ–ถ [๐Ž๐ญ๐ก๐ž๐ซ ๐“๐ž๐œ๐ก] ย DeepSouth Neuromorphic Supercomputer to Simulate Human Brain, SpaceX's Starlink Mobile Service Trial Approved by FCC.ย A new neuromorphic supercomputer called DeepSouth, set to switch on in 2024, will be capable of simulating an entire human brain. DeepSouth will perform 228 trillion synaptic operations per second - on par with estimates of the human brain.

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