BRUXELLES - In the frenetic chaos of the digital era, Europe is laying the groundwork for an epochal evolution: the long-awaited transition to WEB 4.0. With unprecedented determination, the European Commission has embarked on an ambitious mission to shape the future of technology and propel the continent to new heights of innovation. Keen focus on cutting-edge technologies like Artificial Intelligence.
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Web 4.0 emerges as a true technological revolution, following the dynamic landscape of Web 3.0 with social media, AI, and AR. The European Commission envisions an unmatched convergence of immersive tech, IoT, blockchain, and AI, embodying a new digital era. In this revolutionary synergy, we envisage environments capable of providing extraordinarily intuitive and immersive experiences, where the physical and digital worlds seamlessly merge into one.
According to European estimates, this market is projected to grow from 27 billion euros in 2022 to over 800 billion euros by 2030, creating approximately 860,000 new jobs. The European Commission is fervently working to drive this remarkable transformation.
The latest updates introduced by the European Union on Web 4.0 align with the goals of the "Digital Decade Policy Programme" within Agenda 2030. All integrated with the "Connectivity" project. Four are the focus on which two programs are based:
Let's explore each aspect in detail:
The European Commission is committed to putting people at the center and enhancing their virtual world skills. By the end of 2023, they will promote the guiding principles of virtual worlds proposed by the Citizens' Panel, and by the first quarter of 2024, they aim to distribute a "toolbox for citizens," defining guidelines for navigating virtual realms. Additionally, collaboration with EU member states will establish a pool of talent specialized in virtual worlds, supporting skills development through projects funded by the "Digital Europe" and "Creative Europe" programs for digital content creators.
The European Commission proposed a partnership on virtual worlds in Horizon Europe to foster European business development and promote excellence. The aim is to unite actors in virtual worlds and Web 4.0, fostering collaboration for innovation. EU states will cooperate, creating regulatory sandboxes for Web 4.0, promoting innovation in a suitable environment.
The European Union aims to promote social progress and virtual public services, leveraging the opportunities offered by virtual worlds. Already, significant investments have been made in initiatives such as Destination Earth, Local Digital Twins, and European Digital Twin of the Ocean. These projects empower researchers to advance science, enable industries to develop precise applications, and empower authorities to make informed decisions.
The Commission aims to establish global standards for open and interoperable virtual worlds, alongside Web 4.0, ensuring that a few dominant players do not control them. To achieve this, the Commission will rely on the contribution and collaboration of stakeholders in the global governance of the Internet.
Web 4.0 also encompasses Artificial Intelligence. Specifically, the EU dedicates itself to defining laws and strategies aimed at regulating this technology. The first significant step in this direction is the "AI Act," a European legislative proposal that categorizes AI applications into three risk categories:
The EU AI Act has the potential to become a global standard and is already making strides internationally. For example, in late September 2021, the Brazilian Congress approved a bill creating a legal framework for AI, awaiting approval from the country's Senate. European action could provide a significant boost to this effort.
However, the law still has areas that could be improved, such as its inflexibility. For example, if a dangerous AI application emerges in a sector not currently considered, there is no mechanism to label it as "high risk" after two years. Moreover, law enforcement prohibits facial recognition unless they capture images with a delay or utilize the technology to locate missing children.
Source: Artificial Intelligence Act
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Viola Meacci, student of Biomedical Engineering at the University of Pisa, has always been interested in the world of journalism. In her job, she explored the world of blockchain, cryptocurrencies, NFT and metaverse which she now very is passionate about it .
Artificial intelligence (AI) is revolutionizing several industries, including the legal sector. The potential of AI in the field of advocacy is constantly growing and is radically changing the way lawyers do their work, making it, in many cases, more efficient thanks to the automation of some processes. In particular, AI is entrusted with all the research work, synthesis, elaboration of presentations that are usually entrusted to figures such as paralegals or junior lawyers. Not to mention the possibility of artificial intelligence to generate contracts, agreements and legal documents. But then, how could the profession of lawyer change with development?
Over time, or rather since 2011 when AI made its entry into the judicial world, there have been numerous occasions when this technology has been a help rather than a substitute for lawyers.
Two studies, both conducted in 2023, photographed how AI is involved in the wire industry. According to research published by Princeton University of New York and Pennsylvania, the area covered in this article is the one most affected by occupational changes due to AI. While, according to the study conducted by economists Goldman Sachs 44% of legal work could be automated thanks to this technology and its derivatives. But on what aspects can it intervene?
AI is changing the way lawyers conduct legal research. Through natural language processing and machine learning, AI-based legal research software can quickly analyze and classify huge amounts of legal data. This allows lawyers to access precedents, laws, and legal documents more efficiently, allowing them to spend more time analyzing and processing essential information for their cases.
Another way that AI is changing the profession of lawyer is through predictive analytics. AI models can process case histories, consider variables and results to provide lawyers with an assessment of the probabilities and risks associated with certain legal strategies. This foresight ability helps lawyers make more informed decisions and develop more effective legal tactics.
In the field of contract law, AI is simplifying the contract review process. Lawyers can use AI tools to automatically analyze contracts, identifying critical clauses, weaknesses or potential issues. This feature saves time and reduces the risk of contract review errors.
For example, the law firm Allen&Overy has announced that it has closed an exclusive partnership with an AI tool, Harvey, that assists thousands of lawyers in law research, document writing and contract analysis.
While LexisNexis, a historical provider of data and analytics in the legal industry, announced that it has created a new generative AI platform integrated with the OpenAi technology on which Chat GPT is based and has allied with some of the largest law firms in the United States, including Baker McKenzie, Foley & Lardner and Reed Smith.
Also several companies, such as Microsoft and Ford Motor, as well as the best law firms, including DLA Piper and Kirkland & Ellis, have tested a tool created by Casetext called CoCounsel, also integrated with Chat GPT 4 can review documents, legal research notes, prepare depositions and analyze contracts in minutes.
AI is also changing the way lawyers interact with clients. Legal chatbots can provide instant answers to FAQs, offering 24/7 support. This improves the client experience and frees lawyers from trivial tasks, allowing them to focus on more complex and value-added issues.
Despite its many advantages, AI also presents ethical and data protection challenges. Lawyers should pay attention to the appropriate use of personal data and ensure that AI systems are free from bias and discrimination. Moreover, the issue of legal liability in the event of errors or damage caused by AI will require more reflection and regulation.
Artificial intelligence is transforming the legal sector and the legal profession. The automation of legal research, predictive analytics, automatic contract review, and chatbot customer support are just a few examples of the new opportunities AI offers. However, it is crucial to address ethical challenges and ensure data protection to maximize the benefits of AI in the legal field. Lawyers who use AI wisely can increase their productivity and offer better service to their clients, keeping up with the changing technology.
Source: Builtin
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Viola Meacci, student of Biomedical Engineering at the University of Pisa, has always been interested in the world of journalism. In her job, she explored the world of blockchain, cryptocurrencies, NFT and metaverse which she now very is passionate about it .
It’s a few months now, early April 2023 to be exact, but when we talk about more wine is aged more and better. We are talking about the news published by Vitisphere on the French winery, Aubert & Mathieu, and the marketing of the first wine designed by the artificial intelligence of OpenAI, ChatGPT.
That would have been the case. Aubert & Mathieu would have asked ChatGPT:
"I would like you to help me produce an exceptional organic Languedoc wine together with Aubert & Mathieu. I have two varieties at my disposal: syrah and black grenache. Your tips for vinification on the fruit and the proportions of assembly of these two vines. Then you will indicate the name for this wine and the recommended selling price. For the image of the bottle you recommend a Burgundy bottle?"
"This is a very interesting project. To make an exceptional organic Languedoc wine with black syrah and grenache here are some tips for vinification on the fruit and the proportions of assembly:
For the name of the wine, you can be inspired by the characteristics of your wine, the region or even your history. For example, you can call your wine "The Spirit of Aude" in reference to the department of Languedoc where your vineyard is located, or "The Syrah of Mathieu" to honor one of the producers you work with.
As for the recommended selling price, this will depend on the quality of your wine, its rarity and market demand. For an exceptional organic wine from Languedoc, you can consider a sale price of 50 to 100 euros per bottle.
As for the image of the bottle, a Burgundy bottle can be an excellent option to enhance your wine. However it is equally important to think about the overall brand of your product, which includes label, capsule and carton. Make sure that the whole package reflects the quality and exclusivity of your wine".
The French winery did not stop at the answer, but decided to really make the product as indicated by artificial intelligence. All the steps described have been respected. The only things that Aubert & Mathieu allowed themselves to change were the name and price of the product. In fact, in the label of the 600 bottles produced, the name 'The end' was mentioned, instead of 'The spirit of the Aude', indicated by the AI. And while ChatGPT recommended a selling price between 50 and 100 euros, the winery decided to sell every single piece for 29.90 euros, excluding shipping costs.
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Viola Meacci, student of Biomedical Engineering at the University of Pisa, has always been interested in the world of journalism. In her job, she explored the world of blockchain, cryptocurrencies, NFT and metaverse which she now very is passionate about it .
BTC spot, also known as Bitcoin spot, refers to the buying and selling of Bitcoin (BTC) on the spot market. The spot market is where financial assets are traded for immediate delivery of the entire quantity, distinguishing it from futures or options markets, which involve contracts expiring in the future. In this article, we will explore what BTC spot is, how it works, and why it is important for Bitcoin trading.
BTC spot refers to the trading of Bitcoin on the spot market, where investors buy or sell Bitcoin physically and immediately at the current market price. In spot trading, buyers pay the current price and receive the entire quantity of Bitcoin purchased, while sellers sell the Bitcoin they own at the current price and receive immediate payment.
BTC spot trading involves two main parties: the buyer and the seller. To execute a transaction, the buyer sends a buy order specifying the quantity of Bitcoin they want to purchase and the price they are willing to pay. Similarly, the seller sends a sell order specifying the quantity of Bitcoin they want to sell and the price they are willing to accept.
Buyers and sellers can meet on a cryptocurrency exchange platform or use brokerage services to facilitate the transactions. Once a buy order matches with a sell order for the same quantity of Bitcoin and price, the transaction is executed, with the buyer receiving the Bitcoin and the seller receiving the agreed-upon payment.
BTC spot is crucial for Bitcoin trading and the market price of Bitcoin itself. Cryptocurrency prices are determined by supply and demand on the spot market. When the demand for Bitcoin exceeds the supply, the price tends to increase, while when the supply exceeds the demand, the price tends to decrease.
Spot trading is also vital for investors who want to physically possess Bitcoin. Buying Bitcoin on the spot market allows investors to directly manage their digital assets and store them in a personal wallet or on a secure custody platform.
BTC spot enables investors to buy and sell Bitcoin physically and immediately on the current market. Spot trading is essential for determining the market price of Bitcoin and offers investors the opportunity to directly own the digital asset. However, it is important to note that Bitcoin trading carries significant risks and volatility, so acquiring proper knowledge and understanding is advisable before engaging in this type of trading.
Remember that the information provided in this article is for informational purposes only and does not constitute financial advice. Always consult a financial advisor or professional before engaging in any trading activities.
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Viola Meacci, student of Biomedical Engineering at the University of Pisa, has always been interested in the world of journalism. In her job, she explored the world of blockchain, cryptocurrencies, NFT and metaverse which she now very is passionate about it .
BitOasis - one of the largest client-facing cryptocurrency platforms in the Middle East - was stopped in Dubai.
Dubai regulator has suspended the license of BitOasis for failing to meet the mandatory conditions defined by the local regulatory authority.
The emirate's Virtual Assets Regulatory Authority (VARA) issued a market advisory on Monday. That advisory announced the action against the cryptocurrency exchange.
BitOasis, on 12 April, had obtained the license from VARA provided that the exchange met the key conditions for periods of 30-60 days. But that didn’t happen.
It is not yet known what were the "key conditions" of BitOasis. For the moment, the company will remain inactive.
SOURCE: CoinTelegraph
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Viola Meacci, student of Biomedical Engineering at the University of Pisa, has always been interested in the world of journalism. In her job, she explored the world of blockchain, cryptocurrencies, NFT and metaverse which she now very is passionate about it .
In recent years, the cryptocurrency market has experienced explosive growth, bringing the attention of financial regulators, such as the Securities and Exchange Commission (SEC), to cryptocurrency platforms. While cryptocurrencies offer new opportunities and investment possibilities, security concerns, investor protection and regulation have led to a complex relationship between the SEC and cryptocurrency platforms. This concern, according to some, however, risks blocking innovation, as for example would be happening with the spot ETFs against which the SEC is fighting.
In its cryptocurrency regulation campaign, the SEC has embarked on a long fight against crypto projects and exchanges. For some years we have been waiting to see the birth of ETFs, mutual funds that are negotiable on the stock exchange, entirely dedicated to cryptocurrencies. This project seems at the moment far from completion, precisely because of 'obstructionism by the American SEC.
According to the Wall Street Journal, the SEC found documents submitted by blackrock, ARK Invest, Fidelity, and other asset managers not "sufficiently clear and complete". Nasdaq and the Chicago Board Options Exchange (CBOE) were to indicate the BTC spot exchange with which they would enter into an agreement and provide more detailed information about it.
So it’s still nothing done in a struggle that has been going on in the US since 2017, while in Canada it sees spop t ETFs for bitcoins in place with the three major funds, Purpose Bitcoin, 3iQ CoinShares and CI Galaxy Bitcoin, investing directly in BTC spots.
There is a great deal of debate about this. The last to expose himself was Matt Huang, co-founder of Paradigm, a cryptocurrency investment company based in California. In particular, he argues that this fight can lead to a greater imposition of centralized systems to the detriment, of course, of decentralized ones. The speech is not yet over and will be discussed for a long time. Also because the SEC’s intentions are becoming increasingly serious.
The SEC’s main concern is investor protection. Due to the decentralized nature of cryptocurrencies, investors can be exposed to significant risks, such as fraud, market manipulation and data theft. The SEC is working to ensure that cryptocurrency platforms are subject to rules and regulations to protect investors and prevent illegal activities.
The main issue regarding the regulation of cryptocurrencies is whether they should be considered as currencies, assets or securities. The SEC argues that some cryptocurrencies fall within the definition of securities and, as a result, platforms offering them must comply with securities laws. This implies that these platforms should register with the SEC and provide financial and legal information to their users.
The SEC also stressed the need for cryptocurrency platforms to be compliant and transparent. Requests include user identification, reporting of suspicious transactions, and compliance with anti-money laundering regulations. These efforts aim to prevent illegal activities, such as terrorist financing and money laundering, within the cryptocurrency sector.
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Viola Meacci, student of Biomedical Engineering at the University of Pisa, has always been interested in the world of journalism. In her job, she explored the world of blockchain, cryptocurrencies, NFT and metaverse which she now very is passionate about it .
In these days, the high school final exam, also known as the state exam or high school diploma, is taking place in Italy for students who complete their upper secondary education. The exam consists of several tests that assess the skills and knowledge acquired during the course of study. The main components of the exam are two written tests and an oral exam, the scores of which are combined with the credits obtained throughout the course of study to determine the final grade. The first test focuses on Italian language and offers various topics from which students must choose. This year, regular students were also assigned a task to be completed by ChatGPT for the first test.
One of the topics for the first test in 2023 is as follows:
"We no longer know how to wait. Everything has become instantaneous in real time, as we have been saying for a few years now. The keyword is 'simultaneous.' I write an email and expect an immediate response. If it doesn't arrive, I get annoyed: why isn't the person responding? In the past, letter exchanges were a realm of deferred time. Envelopes would go back and forth at a slow pace, not to mention the instant messaging systems we resort to now: WhatsApp. Back and forth exchanges. Yet everything around us seems marked by waiting: gestation, adolescence, adulthood. There is a time for everything, and it is never immediate.
Who has the time to wait and tolerate boredom nowadays? Everything must be done instantly. Clearly, technology has played a fundamental role in reducing waiting times, or at least making us believe it is always possible. Certainly, since the beginning of the 19th century, everything has been getting faster and faster. Compulsive efficiency has become one of the traits of individuals' psychology. Who wants to wait, or worse, waste time? And yet, there are still many idle times: 'Please wait' is the response we hear from the telephone numbers we dial almost every day.
We wait in train stations, airports, at counters, both physical and virtual. We are always waiting, yet we no longer know how to do it. At the very least, it makes us nervous. Waiting even provokes resentment. We think: can't it be done any faster?"
Marco Belpoliti's article highlights a common attitude today: our inability to wait and our desire for instant gratification. In an era dominated by immediacy and speed, waiting seems to have become an increasingly foreign and uncomfortable experience. However, waiting still holds significant value in a society of "real-time."
You can articulate your paper into appropriately titled paragraphs and present it with an overall title that succinctly expresses the result?
ChatGPT was asked to elaborate on this theme. This is what it proposed.
In the article "In Praise of Waiting in the WhatsApp Era" by Marco Belpoliti, a current and relevant theme is addressed: our inability to wait and the tendency to want everything immediately. In an era dominated by instantaneity and speed, waiting seems to have become an increasingly foreign and uncomfortable experience. However, waiting still holds significant value in the society of "real-time."
In the past, epistolary exchanges required time to write, send, and deliver. This deferred time allowed people to reflect and delve into the content of their communications. Waiting was a fundamental element in building relationships, creating a sense of curiosity, intimacy, and mystery. In the digital era, we expect immediate responses and often overlook the depth and attention that deferred time can offer.
Waiting challenges us to live in the present moment rather than constantly projecting into the future. When everything is instantly accessible, we risk losing the ability to appreciate what we have here and now. Waiting can teach us to slow down, be mindful of our emotions, and savor the small joys that everyday life offers.
Waiting can be an opportunity for personal growth. During the waiting period, we can develop patience, learn to manage uncertainty, and adapt to the timing of situations. This ability to wait can positively impact various aspects of our lives, including interpersonal relationships, career, and mental well-being.
Waiting can foster creativity and reflection. When we are forced to slow down and wait, we have the opportunity to explore our thoughts, process ideas, and stimulate our imagination. Waiting can be a moment of silence and connection with ourselves, allowing us to explore new perspectives and deepen our understanding of the world.
Waiting reconnects us with the natural rhythm of things. In modern society, we are often led to believe that everything must be immediate and fast. Waiting reminds us that there are natural processes that take time and that haste can prevent us from fully embracing the beauty and complexity of life.
In conclusion, waiting still plays an important role in the society of "real-time." Despite technology conditioning us to expect instantaneity, waiting can offer valuable opportunities for personal growth, reflection, connection with the present, and reconnection with the natural rhythm of things. Learning to manage waiting consciously and appreciating the value it brings can enrich our lives and foster a better understanding of ourselves and the world around us."
The essay written by the chatbot was evaluated by Alberto Banaudi, the Literature and Philosophy teacher at F. Vercelli Scientific High School in Asti. The teacher stated:
"If I had come across it in a pile of protocol papers, I don't know if I would have recognized the artificial tracks. I would definitely have thought: either it's a machine or a person who closely resembles a machine. It is clear that it does not understand the value or the drama of waiting.
The topic asks for a reflection on the theme of waiting, and it has been approached in a dignified, unoriginal, and repetitive manner. It only sees the positive aspects, thus addressing the theme in a flat way and, above all, without delving into the causes. It could have connected it to the uncertain future of young people, or even made references to the consumerist culture that triggers dynamics of everything and immediately. But above all, there is a lack of discussion on the existential aspects of the problem and on the potential relational consequences of no longer knowing how to wait."
After these considerations, Banaudi assigned a score of 12 out of 20 to ChatGPT.
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Viola Meacci, student of Biomedical Engineering at the University of Pisa, has always been interested in the world of journalism. In her job, she explored the world of blockchain, cryptocurrencies, NFT and metaverse which she now very is passionate about it .
The world of football and technology have always embarked on powerful synergies, in an attempt to take advantage of the new opportunities offered by digital solutions to improve the fan experience and increase the involvement of fans. However, not all collaborations between sports clubs and technology companies have been successful, as evidenced by the partnership that ended badly between DigitalBits, a promising cryptocurrency company, and two of the most important Italian football clubs, Roma and Inter.
DigitalBits is a company created to facilitate the digitization of traditional assets and the creation of tokens on blockchain. Founded in 2017, the DigitalBits platform aims to overcome the interoperability and scalability challenges that hinder cryptocurrency adoption in the mainstream industry. Using Stellar technology, DigitalBits delivers fast and affordable transactions, with a particular focus on tokenizing assets such as loyalty points, luxury brands and more.
The platform is equipped with advanced features such as smart contracts and allows developers to create custom decentralized applications. In addition, DigitalBits works with companies and institutions to harness the potential of cryptocurrencies and blockchain in areas such as commerce, finance and more. With a strong technological foundation and an ambitious vision, DigitalBits is gaining a place in the cryptocurrency landscape as an innovative and promising project.
Between 2020 and 2021, when the value of Bitcoins reached 60 thousand dollars each, DigitalBits has engaged with the Italian football clubs Inter and AS Roma. But things did not turn out as hoped.
The Italian Capital team signed a three-year agreement with the cryptocurrency platform on 8 July 2021. The contract with what becomes the Main Sponsor provided for a total value of 40 million divided into:
In reality, only the due figures were paid until the end of 2022.
It was different for Inter. The club of Avenue of the Liberation had signed with DigitalBits before a contract as a Channel Sponsor worth 5 million euros that were paid. Then they signed an agreement with the Main Sponsors for a four-year period of 85 million euros that would never arrive.
This is learned from an official note issued by Inter Media and Communication, the company where media revenues and sponsors of the club converge. The statement states that the now former sponsor DigitalBits, has not fulfilled the payment of any installment agreed with Inter. Between the fixed part and the bonus on the balance sheet he made a shortfall of about 30 million.
In March 2023 both clubs decided to remove DigitalBits from their players' jerseys. There was a gap on Inter’s chest for the rest of the season, while Roma replaced the Main Sponsor with SPQR.
Fonte: CoinMarketCap
Viola Meacci, student of Biomedical Engineering at the University of Pisa, has always been interested in the world of journalism. In her job, she explored the world of blockchain, cryptocurrencies, NFT and metaverse which she now very is passionate about it .
May 22 is a milestone in the history of Bitcoin, remembered as the Bitcoin Pizza Day. It is celebrated as the day the first real transaction was made using this cryptocurrency.
On May 22 each year, cryptocurrency enthusiasts around the world celebrate Bitcoin Pizza Day. This date represents a significant moment in the history of Bitcoin, as it marks the first real transaction ever made with this cryptocurrency.
We go back to 2010, when a user named Laszlo Hanyecz posted an ad on a Bitcoin forum asking if anyone was willing to give him two pizzas in exchange for 10,000 Bitcoins. At that time, Bitcoin had just begun to gain popularity and its value was negligible. However, that transaction would mark the beginning of a financial revolution.
Another forum user accepted Hanyecz’s offer and ordered him two pizzas for a home delivery. Hanyecz transferred 10,000 Bitcoins to the other user, paving the way for the first real Bitcoin transaction. At that time, the value of the Bitcoins used to pay for the pizzas was a few cents. However, as time passed, those Bitcoins would have acquired a stratospheric value.
Today, that transaction has become legendary. Those two pizzas were actually paid for with a decentralized digital currency, paving the way for a new financial system based on blockchain technology.
Since then, the price of Bitcoin has risen to surprising levels. In 2017, it reached a historic high of about $20,000 for Bitcoin. In 2021, it exceeded $60,000 for Bitcoin. These incredible numbers have made Hanyecz a sort of celebrity in the cryptocurrency community, earning him the nickname "Pizza Guy".
In addition to its historical significance, Bitcoin Pizza Day also emphasizes the importance of spending with cryptocurrencies. From the beginning, Bitcoin was conceived as a form of digital money that could be used for daily transactions. While some people still see it as a speculative investment, events like Bitcoin Pizza Day seek to promote the actual use of cryptocurrencies in the real world.
As we celebrate Bitcoin Pizza Day, let’s reflect on the incredible journey that Bitcoin has traveled so far. From a transaction for two pizzas to a global digital currency, Bitcoin has revolutionized the way we view money and the financial system. Whether it’s the first of many steps towards a decentralized and inclusive financial future, Bitcoin Pizza Day remains a symbol of hope and innovation in the cryptocurrency world.
Viola Meacci, student of Biomedical Engineering at the University of Pisa, has always been interested in the world of journalism. In her job, she explored the world of blockchain, cryptocurrencies, NFT and metaverse which she now very is passionate about it .
