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AI usage – DIGIT INFO https://www.digit.info Bookmarking Crypto Insights Fri, 31 May 2024 13:42:29 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.digit.info/wp-content/uploads/2024/07/cropped-61589-32x32.png AI usage – DIGIT INFO https://www.digit.info 32 32 EU watchdog urges banks to prioritize clients in AI usage https://www.digit.info/eu-watchdog-urges-banks-to-prioritize-clients-in-ai-usage/ Fri, 31 May 2024 13:42:29 +0000 https://www.digit.info/2024/05/31/eu-watchdog-urges-banks-to-prioritize-clients-in-ai-usage/

The EU’s top financial regulator, ESMA, mandates that banks and investment firms ensure AI tools prioritize client interests, reinforcing accountability under MiFID.

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]]> Environmental Impact of AI Models Takes Center Stage Amid Criticism Against Bitcoin Mining https://www.digit.info/environmental-impact-of-ai-models-takes-center-stage-amid-criticism-against-bitcoin-mining/ Tue, 18 Apr 2023 13:04:56 +0000 https://www.digit.info/2023/04/18/environmental-impact-of-ai-models-takes-center-stage-amid-criticism-against-bitcoin-mining/ Read more]]> Environmental Impact of AI Models Takes Center Stage Amid Criticism Against Bitcoin MiningWhile bitcoin’s effect on the environment has been discussed at length over the last two years, the latest trend of artificial intelligence (AI) software is now being criticized for its carbon footprint. According to several headlines and academic papers this year, AI consumes significant electricity and leverages copious amounts of water to cool data centers. […]

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