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The post Bank of England ready to water down ‘overly conservative’ stablecoin proposals: FT appeared on BitcoinEthereumNews.com. The Bank of England (BOE) is set to ease proposed restrictions on stablecoin holdings following pressure from digital asset industry participants, the Financial Times (FT) reported on Thursday. Sarah Breeden, deputy governor for financial stability, said the central bank’s initial plans to restrict individuals to owning up to 20,000 pounds ($27,000) per coin may have been “overly conservative,” according to the FT. The BOE is “looking very hard at whether there are different ways we can manage what we think is an important risk as stablecoins come into play,” Breeden said in an interview. Stablecoins are cryptocurrencies pegged to the value of a traditional financial asset, usually a fiat currency, mostly the U.S. dollar. They have been at the forefront of the development of mainstream digital asset adoption, helped by the establishment of formal regulatory r

Businesses tend to eye AI spending as a way to reduce headcount, but firms that cut staffers as a result of AI are doing no better than those who don’t, according to new Gartner research. Gartner recently surveyed 350 global business leaders at large organizations already using AI agents and intelligent automation tools and found that 80% of them reported a lowered headcount as a result of AI initiatives — in some cases by up to 20%.  But those layoffs appear to be less beneficial than senior leaders might assume.  “There’s no connection or correlation between people who are achieving ROI and layoffs,” said Helen Poitevin, distinguished vice president analyst at Gartner, adding that labor reduction is “not the best” ROI metric. Other factors such as revenue, growth, and time to market are more effective in achieving a strong ROI.  “Those who only look to the workforce tend to be the ‘laggards,’ because they’re not going after the broader set of value that they can get to,” she said. Th

Scientists shared transcripts with The Times in which chatbots described how to assemble deadly pathogens and unleash them in public spaces.

AI companies frequently invoke the possibility of AI-enabled scientific discovery as a justification for their existence: If the technology eventually cures cancer and solves climate change, then all the carbon emissions and slop videos will have been well worth it.  Already, LLMs can assist scientists in all sorts of ways. They can point people to…

Calling AI things like “smart” or saying it “knows” something might sound harmless, but it can quietly mislead people about what AI actually does. A new study shows that news writers are more careful than expected, rarely using strongly human-like language. When they do, it often falls on a spectrum—sometimes describing simple requirements, other times hinting at human traits.

Engineers and scientists return for better pay and quality of life as US grows more hostile

Oxford team’s technology picked up danger signs with 86% accuracy in study of 72,000 patients in England Oxford scientists have developed a simple AI tool that can predict the risk of heart failure five years before it develops. More than 60 million people worldwide have the condition in which the heart cannot pump blood around the body as well as it should. Spotting cases before they develop into heart failure would be a big step forward, experts say. Doctors could prepare better for and manage the condition at an earlier stage or even prevent it entirely. Continue reading...