Fun

News Feed - 2023-11-01 06:11:19

Savannah Fortis14 hours ago‘AI’ takes Collins dictionary word of the year, ‘debanking’ makes shortlistThe Collins dictionary named ‘AI’ word of the year, describing AI-powered language models as “bursting into the public consciousness” and “much talked about” in 2023.5139 Total views9 Total sharesListen to article 0:00NewsJoin us on social networksArtificial intelligence, more specifically its abbreviation “AI,” was crowned word of the year for 2023 in the Collins dictionary, one of the world’s earliest English-language dictionary publishers.


The Collins dictionary defines AI as “the modeling of human mental functions by computer programs.” The dictionary publisher described AI-powered language models as “bursting into the public consciousness” at the end of 2022.


It said AI has not only seen rapid development in 2023 but has also been “much talked about.” Collins wrote that AI is considered to be the “next great technological revolution.”


In addition to AI, Collins has had a particular interest in “digital culture” this year, shortlisting the word “de-influencing,” which it defines as an influencer using their online presence “to warn followers to avoid certain commercial products, lifestyle choices, etc.”


Among its other shortlisted words for the word of the year, Collins also had two finance-related words. “Debanking” made the list, which its officials define as “the act of depriving a person of banking facilities.”


Collins claimed this word made the list after a populist politician in the United Kingdom, Nigel Farage, claimed the Coutts bank tried to close his account due to his political affiliation. It wrote that:“The issue was thrust into the spotlight and many others subsequently came forward to complain of having been debanked without explanation.”


Debanking has long been an issue tied to the crypto space. In April, United States Republicans in the House Financial Committee argued there is a record of a “coordinated strategy” of denying players in the digital asset industry access to banking facilities.


Related:Siemens and Microsoft partner to push AI adoption in industrial sectors


Recently, the popular cryptocurrency exchange Binance has been up against debanking woes in Europe. The exchange said that users with its local banking partner Paysafe will not be able to trade euro spot trading pairs from Sept. 28 onward.


Collins also added the word “greedflation” to its shortlisted words: a compound word containing the words “greed” and “inflation.” It defined this as the use of inflation as an excuse to raise prices to artificially high levels in order to increase corporate profits.


The dictionary, based in the United Kingdom, said the U.K.’s current living crisis has been driven by inflation and claims many are convinced that “businesses are making excessive hikes in order to boost their profits, so-called greedflation.”


According to the U.S. inflation calculator, the country is currently facing an inflation rate of 3.7%, higher than the predicted 3.6% rate, though substantially down from the 2022 and 2021 rates of 6.7% and 7%, respectively.


Magazine:‘AI has killed the industry’: EasyTranslate boss on adapting to change# Banking# Banks# AI# InflationAdd reactionAdd reactionRead moreBlockchain companies are creating AI chatbots to help developersHow Google’s AI legal protections can change art and copyright protectionsFed inspector blames crypto focus, nepotism for Silvergate Bank collapse

News Feed

Bitcoin At $200,000 By 2025? Bernstein Predicts Target Despite Election Impact
Este artículo también está disponible en español. Less than a day before the polls closed in the United States, crypto analysts continued to offer their two cents on the
Veronika Rinecker12 hours agoGerman political parties split on how to regulate increasing AI adoptionAs the trilogue on the AI Act begins, the European Commission, German politicians, and digital experts express skeptici
Merge Flippening Predictions Fail as Ethereum’s Market Dominance Drops 13% in 30 Days
Merge Flippening Predictions Fail as Ethereum’s Market Dominance Drops 13% in 30 Days During the last 35 days, ethereum has lost a significant amount of market dominance leading
Gareth Jenkinson29 minutes agoCrypto custodian Hex Trust receives Dubai VASP licenseInstitutional cryptocurrency custodian Hex Trust adds Dubai to its list of operational jurisdictions in addition to Hong Kong, Singapore
Janet Yellen Admits Crypto Has Benefits — Says Treasury Working on Crypto Regulation
Janet Yellen Admits Crypto Has Benefits — Says Treasury Working on Crypto Regulation U.S. Treasury Secretary Janet Yellen has admitted that there are benefits to cryptocurrency.
Nivesh Rustgi3 hours agoCurve liquidation risk poses systemic threat to DeFi even as founder scurries to repay loansA Curve Finance hack sparked a sharp sell-off, and while DeFi traders stepped in to support CRV, the pos
Malware exploits weak passwords in PostgreSQL for cryptojacking
Derek Andersen2 hours agoMalware exploits weak passwords in PostgreSQL for cryptojackingUp to 800,000 internet-connected databases could be vulnerable to crypto-mining malware that will use their computing capacity.359 T
XRP Bulls Eye $5 Target: Key Levels To Watch For Potential Breakout
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Bitcoin trader sees 2 months to all-time high as China cuts key rates
William Suberg10 hours agoBitcoin trader sees 2 months to all-time high as China cuts key ratesBitcoin adds a Chinese rate cut to its existing bag of bullish BTC price events as bulls stare down final resistance.5511 Tot
Cappasity to Present 3D NFT for E-Commerce in March 2022
Cappasity to Present 3D NFT for E-Commerce in March 2022 press release PRESS RELEASE. Cappasity’s platform will allow retailers to create immersive NFTs easily and quickly. T
India Freezes Bitcoin at Binance Amid Investigation Involving Crypto Exchange Wazirx
India Freezes Bitcoin at Binance Amid Investigation Involving Crypto Exchange Wazirx India’s Enforcement Directorate (ED) says it has frozen more than 77.6 bitcoins that wer
Working Group Meets to Prepare Regulations for Cryptocurrencies in Russia
Working Group Meets to Prepare Regulations for Cryptocurrencies in Russia A crypto working group has held its first meeting at Russia’s parliament. Its members have been tas