On The Wire: Today's Top Stories In Finance & Tech

Your daily briefing of some of the most important stories from the crypto, finance, and tech space.

The daily news roundup from REX Wire

Welcome to your daily briefing, where we bring you stories from the forefront of finance, technology, and market analysis, sent directly to your inbox.

In today's roundup, Microstrategy is going even further down the Bitcoin rabbit hole. The UK has been urged to hurry up on its safety testing of AI products. China is facing worsening deflation. And the US is cracking down on those who benefit from spyware.


AI Tech Giants Urge UK To Expedite Safety Evaluations

Major AI firms, including OpenAI and Google DeepMind, press the UK for faster AI safety tests, amid debates on regulation. They seek clarity on AISI's evaluation process, aiming for pre-launch risk mitigation and advocating for binding safety requirements.

AI Tech Giants Urge UK To Expedite Safety Evaluations
The UK has ambitions to become a leader in the field of AI, but it needs to speed up its safety checks to make that happen.

China Faces Sharpest Price Decline In Fifteen Years

China's consumer price index fell by 0.8% in January, marking the steepest decline in 15 years amid ongoing property sector and stock market woes. This deflationary trend threatens long-term economic stability, prompting government intervention.

China Faces Sharpest Price Decline In Fifteen Years
China’s consumer prices see a 15-year low, signaling deflation as economic challenges mount.

Microstrategy Commits To Becoming "World's First Bitcoin Development Company"

Led by permabull Michael Saylor, Microstrategy will seek to further Bitcoin adoption and build additional value for shareholders by developing software for the Bitcoin ecosystem.

Microstrategy Commits To Becoming “World’s First Bitcoin Development Company”
Not content with owning almost 1% of all BTC in existence, Microstrategy will now devote itself to developing Bitcoin software products.

US Implements Visa Ban For Spyware Misuse And Sales To Abusers

The US introduces visa restrictions for commercial spyware abusers and their suppliers, part of efforts to combat the industry linked to oppressing dissidents. This follows a 2022 executive order and the blacklisting of Israel’s NSO Group, aiming to safeguard national security.

US Implements Visa Ban For Spyware Misuse And Sales To Abusers
US targets spyware industry with visa restrictions for abusers and suppliers to curb oppression.

Disney Invests $1.5 Billion In Epic Games To Forge An Entertainment Universe

Disney invests $1.5 billion in Epic Games to develop a "games and entertainment universe," featuring characters from Disney, Pixar, Marvel, and more. The partnership aims to create interactive experiences and exclusive content, building on previous collaborations like Fortnite.

Disney Invests $1.5 Billion In Epic Games To Forge An Entertainment Universe
Disney and Epic Games unite to craft a vast digital world, blending iconic franchises in an interactive universe.

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