Gillmore Centre Network
It used to be said that the big problem with AI is its 鈥榟allucinations鈥� when supporting data is absent. But it turns out that there is a bigger one: generative AI is removing human sentiment and context without us even knowing.
Artificial Intelligence (AI) has revolutionised every aspect of our society — from the smart devices we use every day to the breakthroughs in medicine and science that are changing the world. The concept of machines facilitating education is not a recent development. This idea dates back to the mid-1920s when Sidney L. Pressey pioneered the use of mechanically driven to aid students in learning multiple choice questions. Yet, when it comes to technology assisted education, the application of AI is still in its early stages.
The Bank of England and the Financial Conduct Authority have unveiled plans to regulate stablecoins in the latest sign of the government鈥檚 attempt to lure crypto companies to the UK.
The proposals will only apply to sterling-denominated coins.
They aim to 鈥減rotect consumers, prevent money laundering with a robust set of rules and to safeguard financial stability鈥� and include a requirement that issuers back stablecoins with deposits at the Bank of England instead of using a commercial bank.