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Fox News AI Newsletter: Brand new Alexa

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Welcome to Fox News’ Artificial Intelligence newsletter with the latest AI technology advancements.

IN TODAY’S NEWSLETTER:

– Amazon rolling out AI-driven Alexa+ service

– Simon Cowell warns AI ‘shouldn’t be able to steal’ human talent

– Would you hop on this driverless electric city bus?

Alexa on a variety of devices

Alexa+ will work across a range of devices.  (Amazon)

RAMPING UP ALEXA: Amazon revealed Wednesday it will be rolling out an Alexa+ service infused with artificial intelligence.

NOTHING FOR FREE: The “America’s Got Talent” judge, Simon Cowell, wrote commentary in the Daily Mail this week criticizing potential changes to U.K. law that would allow companies to use any online material to train AI models unless they explicitly opt out.

self-driving bus 1

The Alexander Dennis Enviro100AEV  (Alexander Dennis)

NO DRIVER HERE: Cambridge, U.K., is taking the lead in testing a revolutionary public transit system that could transform urban mobility. The Alexander Dennis Enviro100AEV, equipped with Fusion Processing’s cutting-edge CAVstar automated drive system, is poised to change how people move around the city, offering a sustainable and efficient alternative to traditional buses.

DANGEROUS TREATMENT: Health experts say that artificial intelligence (AI) chatbots posing as therapists could cause “serious harm” to struggling people, including adolescents, without the proper safety measures.

AI in psychology

A robot analyzing a human’s brain function with magnifying glass. The integration of technology in mental health. Vector illustration. (iStock/Guzaliia Filimonova)

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Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future with Fox News here.





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From social experiment to retail ‘value extraction’ tools

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Memecoins, once seen as community-driven digital assets, are increasingly being used to exploit retail investors, with a growing number of scams and failed celebrity-backed tokens raising regulatory concerns.

The $4 billion collapse of the Libra (LIBRA) token, which was endorsed by Argentine President Javier Milei, is the latest blow to the sector after eight insider wallets cashed out $107 million in liquidity, leading to a price decline of 94% within hours of its launch.

The rise of memecoin-related scams presents significant regulatory challenges, according to Anastasija Plotnikova, co-founder and CEO of blockchain regulatory firm Fideum.

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Source: Kobeissi Letter

“Memecoins have evolved from community-driven social experiments into a chaotic landscape dominated by value extraction from retail investors,” Plotnikova told Cointelegraph, adding:

“Insider rings, pump-and-dump schemes, and sniper groups have replaced the organic, collectible nature of original memecoins, creating an unhealthy playing field.”

Related: TRUMP, DOGE, BONK ETF approvals ‘more likely’ under new SEC leadership

Investors will also need to distinguish between memecoins that can be seen as genuine “collectibles” and “outright fraudulent activities” like rug pulls which are “not only unethical but also clearly illegal, with case law to support enforcement.”

“In my view, these activities should fall firmly within the jurisdiction of law enforcement agencies,” she added.

More troubling revelations have emerged since the meltdown of the Milei-endorsed Libra token, notably that Libra was an “open secret” in memecoin insider circles and that some members of the Jupiter decentralized exchange knew about the token launch two weeks in advance.

Related: Trump to host first White House crypto summit on March 7

Memecoin scandals unlikely to impact US crypto legislation

While the recent memecoin meltdowns are a negative hit for investor sentiment, they may not impact emerging cryptocurrency regulation in the long term, according to Dmitrij Radin, the founder of Zekret and chief technology officer of Fideum.

This is because crypto legislation is built with a “long term” perspective, not just based on recent events, he told Cointelegraph.

It’s also important to understand that the Libra rug pull was different compared to the launch of the Official Trump (TRUMP) and the Official Melania Meme (MELANIA) tokens, with the latter two unlikely to trigger a regulatory response in the US, Radin said, adding:

“David Sacks, the US crypto czar, mentioned that memecoins are more of a collectible. So it shouldn’t be regulated as security or anything like that.” 

“That’s why I believe that Trump and Melania coins might be taken in a different way than Libra,” he added.

Magazine: Caitlyn Jenner memecoin ‘mastermind’s’ celebrity price list leaked