Daily Archive: December 30, 2020

Why 2020 was a pivotal, contradictory year for facial recognition

“The Clearview story really freaked a lot of people out—as it should,” says Jameson Spivack, a policy associate at Georgetown University’s Center on Privacy and Technology. Many of the concerns focus on how fragmented the field is. While major companies like IBM and Microsoft are significant forces, there are also lots of smaller private companies, like ClearviewAI and NtechLab, that operate with little public oversight. The reporting also exposed how little the public knew about the widespread government use of the technology.

The catalyst: Race protests

These stories raised awareness of the problems, but Spivack says the Black Lives Matter

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New York licenses GMO Internet to issue the first JPY-pegged stablecoin – TechCrunch

The New York Department of Financial Services (NYDFS) has approved Tokyo-based GMO Internet to launch GYEN, the first stablecoin pegged to the Japanese yen.

GMO Internet, an internet conglomerate that offers a large array of services, including domain hosting, online advertising and what it claims is the world’s largest foreign exchange trading platform, will set up GMO-Z.com Trust Company (GMO Trust) to issue GYEN and ZUSD, a USD-pegged stablecoin. Both will start selling outside of Japan next month.

In a press announcement, GMO Trust said it had also made strategic partnerships with global digital asset exchanges to ensure the liquidity

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