US Fed Reserve Admits To Own Failure In Identifying Silicon Valley Troubles

SVB’s failure on March 10 caused shock waves throughout the banking sector Washington: The US Federal Reserve called for greater banking oversight while admitting to its own failures in a widely-anticipated report published Friday into the collapse of Silicon Valley Bank (SVB) last month. “Following Silicon Valley Bank’s failure, we must strengthen the Federal Reserve’s […]

German Artist Admits That Prize Winning Image Was AI-Generated, Sparks Row

Mr Eldagsen’s entry includes a sepia-toned image of two women entitled “Pseudomnesia: The Electrician”. Paris: A German artist has sparked an angry row after winning a prestigious photography prize with an entry that was generated by artificial intelligence. Boris Eldagsen eventually rejected the gong from the Sony World Photography Awards after concluding that such competitions […]