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FameEX Morning Crypto News Recap | December 7, 2023
2023-12-07 14:46:40
Moody's Unveils Quantum-as-a-Service Platform Tailored for Finance Sector
Moody's Analytics has launched QFStudio, a SaaS platform serving as a continuous integration, benchmarking, and delivery solution for quantum computing applications. This empowers clients to evaluate and compare quantum and classical algorithms for specific tasks, delivering insights into the performance and adaptability of quantum solutions across diverse contexts.
IBM, Meta, and Collaborators Form 'AI Alliance' to Drive AI Progress IBM and Meta are spearheading the creation of the AI Alliance, a collaboration among tech companies aimed at fostering cooperation, not rivalry, in the AI sector. Their mutual objective is to stimulate transparent innovation and responsible AI development, signifying a noteworthy transformation in the industry's approach to advancing AI technologies. France's Third-Largest Bank, Société Générale, Launches Euro-Pegged Stablecoin Société Générale, France's third-largest bank, has launched a euro-pegged stablecoin, positioning itself as one of the early European banking leaders in the stablecoin arena. Jean-Marc Stenger, CEO of Société Générale Forge, underscored the bank's engagement in the evolving cryptocurrency landscape and the demand for a euro-backed stablecoin. This initiative signifies the bank's dedication to the cryptocurrency sector. JPMorgan CEO Jamie Dimon Voices Firm Opposition to Cryptocurrencies in U.S. Senate Hearing JPMorgan Chase CEO Jamie Dimon reaffirmed his reservations about cryptocurrencies during a U.S. Senate Banking Committee hearing. Despite the bank's involvement in blockchain technology, Dimon maintains strong opposition to cryptocurrencies due to concerns over their potential for criminal use and misuse. This underscores the ongoing debate within the financial sector surrounding digital currencies. Global Policymakers Persist in Promoting CBDCs Despite Setbacks Global policymakers remain determined to advance central bank digital currencies (CBDCs) despite hurdles and setbacks. In November, organizations like the International Monetary Fund (IMF), Bretton Woods Committee, and Bank for International Settlements (BIS) urged governments to continue pursuing CBDCs, highlighting the necessity for determination and courage in this endeavor. China's 3-Year Strategy Involves Metaverse Implementation in Crucial Economic Sectors China is aggressively advancing the integration of metaverse technologies into its economy through a Three-Year Action Plan. This plan sets out precise objectives for metaverse integration, with a particular focus on cultural, educational, and entertainment applications. Additionally, it offers guidance to major industry players on incorporating metaverse technologies into their offerings. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
