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TechBullion
2w
422
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Large Language Models Are Getting Bloated. How Do We Fix It?
- Large Language Models (LLMs) are being used widely in society but have some baggage that is starting to affect their performance and our ability to use them.
- The massive amount of training and sheer knowledge required for LLM doesn’t equate to the performance you might expect. LLMs might seem smart while being inaccurate and are biased, verbose without being relevant, wasteful with resources and sometimes just wrong.
- These types of models are worth improving upon and there are indications that LLMs could find a more comfortable middle ground between over-generalized LLMs and agency-specific AI algorithms.
- The domain-specific foundational model has shown a lot of promise for solving the more serious problems that are too general for traditional AI but too in depth for LLMs.
- The Artificial Superintelligence (ASI) Alliance is currently the leader in this field and has developed an interesting twist to their model that transforms the ability to scale up training while maintaining validated answers.
- In ASI
, Web3 is incorporated to create an automated, distributed process that rewards contributors as their contributions are collected and verified. - Early progress shows that use cases like drug discovery or robot simulation based on the domain-specific foundational model could be revolutionary and give reliable information for a wide range of problems without having to train AI models specifically for each problem.
- LLMs will likely fade and give way to much better evolutions in AI, such as the Domain-specific Foundational Model.
- We will continue to see growth, improvements, and a tireless desire for improvement as AI has given us a glimpse of what it can do.
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The Fintech Times
2w
124
Central Bank of Brazil Approves Binance Broker-Dealer Acquisition, Bolstering Compliance Efforts
- The Central Bank of Brazil has officially approved Binance's acquisition of Sim;paul, a locally licensed broker-dealer institution.
- The acquisition enables Binance to comply with regulatory advancements in Brazil more efficiently.
- Binance's compliance program includes robust anti-money laundering (AML) policies and controls.
- Binance plans to expand its global compliance team by 34% to strengthen its regulatory efforts.
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TechBullion
2w
169
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Navigating the Cybersecurity Landscape in Finance: Tools and Techniques for Enhanced Protection
- The finance sector stands at the epicenter of innovation and risk in today’s digital age, making it a prime target for cybercriminals due to the sensitive data and real-time transactions it handles.
- Financial institutions must prioritize cybersecurity more than ever before, as even a single breach can lead to dire consequences, including staggering financial losses and reputational damage that can take years to rebuild.
- Regulatory standards frequently change, requiring robust cybersecurity measures to be put in place to ensure compliance, protect digital assets and create customer confidence.
- Financial institutions face a myriad of cyber threats including phishing attacks, ransomware, insider threats, and DDoS attacks. Effective cybersecurity is essential to safeguard sensitive data.
- Tools and techniques such as encryption, multi-factor authentication, network segmentation, employee training and awareness programs, software updates, comprehensive security policies, regular risk assessments, and disaster recovery and business continuity plans are essential for enhanced protection.
- Effective cybersecurity in finance must be part of core operations, not an afterthought. Encryption is a vital tool that transforms sensitive data into unreadable code, making unauthorized access impossible.
- Multi-factor authentication adds another layer of security, making unauthorized entry significantly harder. Network segmentation limits the pathways that cyber attackers can exploit by dividing a larger network into isolated segments.
- Employee training and awareness programs are vital in protecting against risks stemming from human error, fostering a security-conscious culture and empowering staff with essential knowledge that reinforces best practices.
- Regular software updates and patches seal vulnerabilities that hackers often exploit, ensuring that systems remain secure against evolving cyber threats.
- Financial institutions must adhere to regulatory standards governing data protection in finance, incorporating compliance into a structured approach that includes regular audits and employee training.
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TechCrunch
2w
400
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Thomson Reuters acquires tax automation company SafeSend for $600M
- Thomson Reuters acquires tax automation company SafeSend in an all-cash transaction valued at $600 million.
- SafeSend offers a cloud-based platform for processing and sharing financial documents.
- Thomson Reuters aims to streamline the tax return process with SafeSend's technology.
- SafeSend will continue as a standalone product with support for multiple vendors.
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TechBullion
2w
51
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Sports & Entertainment FinTech: Financial Innovations for a Thriving Industry
- The convergence of sports, entertainment, and financial technology (FinTech) has become one of the most exciting and transformative trends in the global economy.
- FinTech innovations are not only changing the way fans engage with their favorite sports and celebrities but also offering new business models for stakeholders within the industry.
- From mobile payments and blockchain technologies to data-driven financial analysis and cryptocurrency, financial innovations are enabling sports organizations, entertainment companies, and consumers to navigate the industry more effectively.
- FinTech has brought about the widespread adoption of digital payments and mobile wallets, making it easier for fans to purchase tickets, merchandise, and services.
- The use of contactless payment methods has gained traction post-pandemic, as people look for safer, quicker, and more hygienic ways to transact.
- Blockchain technology, the underlying foundation of cryptocurrencies, has gained significant attention in the world of sports and entertainment.
- NFTs are unique digital assets stored on a blockchain that can represent anything from artwork to tickets to collectible items.
- FinTech has empowered fans in ways that were previously unimaginable.
- Athletes, musicians, and content creators can raise funds for projects, album releases, or tournaments by turning to fans for direct support.
- Sports franchises and entertainment companies are increasingly relying on data analytics to optimize their revenue streams.
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TechBullion
2w
331
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Wrongful Termination In New Jersey: Identifying Unlawful Discharge
- Wrongful termination in New Jersey occurs when an employer fires an employee for illegal reasons, such as discrimination, retaliation, or breach of contract.
- Recognizing the signs of unlawful discharge is important in protecting your rights and livelihood.
- Key laws in New Jersey provide strong protections for employees, including laws against discrimination and retaliation.
- If you believe you have been wrongfully terminated, taking steps such as gathering evidence and consulting with legal experts can help you build a strong case.
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Pymnts
2w
137
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KuCoin Debuts Crypto Payment Acceptance Tool for Merchants
- KuCoin has introduced KuCoin Pay, a solution to bring cryptocurrency payments into the retail sector.
- KuCoin Pay aims to bridge the gap between traditional retail and crypto, offering contactless and borderless transactions.
- Merchants can integrate KuCoin Pay into their payment systems, allowing customers to complete purchases using cryptocurrencies and scanning a QR code or using the KuCoin app.
- KuCoin Pay simplifies the buying process for everyday items and promotes widespread crypto adoption.
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TechBullion
2w
94
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Chauffeur Service Melbourne – What Sets It Apart?
- A professional Chauffeur Service Melbourne offers stress-free transportation with a touch of sophistication.
- These services provide luxurious vehicles equipped with top-notch amenities for a comfortable and convenient travel experience.
- Professional chauffeurs prioritize customer satisfaction and assist with tasks such as handling luggage.
- Punctuality, reliability, competitive pricing, and safety are key features of reputable chauffeur services.
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TechBullion
2w
51
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Clear vs. Metal Braces: Cost, Pros & Cons
- Choosing between clear and metal braces depends on factors like cost, appearance, and comfort.
- Clear braces are less noticeable but may stain easily, while metal braces are more visible but stronger and more affordable.
- Metal braces typically cost between $3,000 and $7,000, while clear braces range from $4,000 to $8,500.
- Metal braces are faster in realigning teeth, while clear braces require more maintenance and adjustments.
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TechBullion
2w
172
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Dark Web Monitoring Solutions: Detecting Threats Before They Happen
- Dark web monitoring solutions have emerged as a crucial line of defense, enabling organizations to detect and mitigate threats before they escalate.
- The anonymity of the dark web makes it challenging for law enforcement and cybersecurity experts to track malicious actors.
- By monitoring the dark web, businesses can identify early signs of threats, such as their data being sold or plans for an attack.
- Data breaches can result in sensitive information being sold on the dark web. Monitoring solutions can alert organizations when their data appears in these underground marketplaces.
- Many industries have strict data protection regulations, such as GDPR, HIPAA, and PCI DSS. Dark web monitoring can help organizations comply by ensuring they have mechanisms to detect and respond to data breaches swiftly.
- Dark web monitoring solutions use advanced technologies to scan hidden forums, marketplaces, and communication channels for mentions of a company’s data, assets, or brand.
- When choosing a dark web monitoring solution, it’s essential to consider features like broad coverage, real-time alerts, AI and machine learning capabilities, and tailored monitoring parameters.
- Cybercriminals frequently change tactics, so it’s essential to update the information and keywords being monitored.
- Dark web monitoring solutions are a necessity for organizations aiming to stay ahead of cyber threats.
- Investing in robust dark web monitoring capabilities is a critical step toward ensuring long-term security and resilience.
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TechBullion
2w
34
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The Hidden Cost of Tech Booms: What History Teaches Us About Worker Skills
- Tech companies attract skilled workers with high salaries during tech booms but research by Harvard University warns of the permanent damage to worker's skills and careers. Adrien Matray and Johan Hombert examined France during the 1990s tech bubble and found workers who joined the ICT sector suffered significant long-term earnings losses. These booms create 'skill obsolescence', leaving workers with outdated skill sets when the tech bubble deflates. Financial speculation exacerbates the issue. The very technical expertise that made workers valuable during the boom becomes a liability after. When large numbers of workers are channelled into obsolete skills, this represents a misallocation of human capital, weighing on long-term economic growth despite any infrastructure legacy.
- This has implications for today’s AI boom which may create workers with specialized skills in AI approaches that may prove to be dead ends. The researchers propose strategies for workers, employers and policymakers. Skilled workers should focus on developing flexible, transferable skills rather than highly specialized technical knowledge which carries risks for long-term career potential. Companies should invest in helping employees continually update their skills rather than letting them become too narrowly specialized. Policymakers must balance the benefits of fostering innovation with the potential long-term costs to human capital.
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TechBullion
2w
405
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Payment Platforms for Remote Teams: Simplifying Global Payroll
- Payment platforms for remote teams are transforming how organizations manage global payroll, making it seamless, efficient and compliant with local regulations. This step has become imperative with the increasing rise in remote working culture globally.
- Cross-border payments and conversions of various currencies had always been a challenge, which payment platforms minimize. Payment platforms for remote teams automatically convert payments to local currencies, saving effort and avoiding manual conversion errors.
- Payment platforms for remote teams stay updated with the latest tax and legal regulations globally, automating calculations, ensuring social security contributions and generating needed paperwork. This helps businesses navigate complexities and remain compliant.
- Payment platforms for remote teams offer faster payment solutions meaning international payments are made efficiently and promptly. This boosts job satisfaction and strengthens the employer-employee relationship.
- Payment platforms for remote teams automate the payroll process, reducing administrative costs, save time, and freeing HR teams to focus on other tasks like employee development and building team engagement.
- Choosing the right payment platform for remote teams is critical. An ideal platform should have features like supporting payments in multiple countries and currencies, intuitive and simple interface, automated tax filings, strong security measures to protect employee data, payment flexibility, and customizable reporting.
- Several payment platforms like Payoneer, TransferWise, Deel, Gusto, Papaya Global have emerged and gained popularity and are capable of managing international teams seamlessly with their customized and automated features.
- Payment platforms have become the need of the hour for the management of remote teams as they save costs and time. Efficient payroll processing, fast international payments, compliance to local taxes and laws, and automated procedures ensure that businesses continue to scale operationally while employees get paid promptly and accurately.
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TechBullion
2w
112
Image Credit: TechBullion
Walk-In iPhone Repair Services in Woburn Fast and Reliable Solutions
- Walk-in iPhone repair services in Woburn provide fast and reliable solutions.
- They offer accessibility, allowing customers to get their devices repaired in person.
- Trained technicians provide expertise in diagnosing and fixing a variety of issues.
- They use high-quality parts and ensure fast turnaround times, competitive pricing, and exceptional customer service.
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6 Likes
TechBullion
2w
30
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How to Develop a Secure and User-Friendly E-Wallet App?
- Developing a secure and user-friendly e-wallet app requires combining advanced security features and ensuring the app remains easy to browse and use.
- Defining the purpose of your app is key in dictating the features and security steps required to protect private financial information.
- Steps such as two-factor login, data protection, and multiple payment methods can help shield user data in an e-wallet app.
- A user-friendly interface with quick browsing and easy transactions is as important as security features in an e-wallet app.
- The app must be working with both Android and iOS to reach a wider audience, and cross-platform tools like Flutter or React Native can help cut development time and costs.
- For the app to stay user-friendly and satisfy customer standards, adding tracking tools is essential to understand user activity and feedback.
- Moreover, the app must meet different rules and laws concerning the privacy and security of user data.
- Beta testing can provide useful insights into how the app works in real-world situations and help spot any last-minute changes or improvements before the public starts using it.
- Launching the app is just the beginning, and regular updates, adding new features, and addressing security concerns are vital to remaining competitive on the market.
- Partnering with an expert e-wallet app development company can help ease the process of building a secure and user-friendly e-wallet app.
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TechBullion
2w
305
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Remote Work Financial Ecosystems: Money Management for a Distributed Workforce
- Remote work is becoming an integral part of business operations, requiring financial ecosystems to adapt.
- Shifts in operational costs impact both employers and employees, demanding comprehensive financial systems.
- Components of a well-structured financial ecosystem for remote work include payroll management, expense tracking, budget allocation, and tax compliance.
- Leveraging technology, adopting transparent policies, and staying proactive are crucial in managing finances for a distributed workforce.
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