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AI & Crypto Weekly Insights (28/04): Andy Warhol copyright dispute could transform AI generative art, the UK moves toward a new tax policy for DeFi

5 min read  ·  28 Apr 2023

Two of the 16 images of Prince at issue in an ongoing copyright dispute. Image courtesy of The Andy Warhol Foundation for the Visual Arts

⚖️ Regulation

A draft of the EU’s new AI regulation bill requires that AI tool makers disclose copyrighted material used to train their models. (WSJ)

UK Treasury opens tax policy consultation on DeFi staking and lending. The UK is moving toward a new tax regime for staking and lending on decentralized protocols.The proposed framework would also be applied to third-party crypto staking and lending platforms. (TheBlock)

Coinbase sues SEC after months of silence from federal regulator. Coinbase took legal action against the SEC on Monday, asking a federal judge to force the regulator to share its answer on Coinbase's July 2022 petition on whether existing securities rule-making processes could be extended to the crypto industry. (CNBC)

FTX fiasco leads Bahamas to propose stronger crypto regulations. The new rules say a crypto exchange’s controls must be “adequate and appropriate for the scale and nature of its business.” (The Block)

🔗 Crypto

Binance.US calls off $1.3 billion deal for Voyager's assets. Binance.US has called off its $1.3 billion deal to buy assets of bankrupt crypto lender Voyager Digital, citing a "hostile and uncertain regulatory climate." (Reuters)

The Chinese government is taking an active role in shaping the country's early metaverse initiatives. The government wants the metaverse to be less about gaming and shopping and more about health care and industry. (Wired)

Google Cloud is partnering with Polygon to support the deployment of cloud-based nodes for its blockchain ecosystem. With the move, Polygon is the third blockchain ecosystem — following Ethereum and Solana — to be added to Google Cloud’s Blockchain Node Engine. (The Block)

🤖 A.I.

The U.S. Supreme Court is set to rule on an Andy Warhol copyright case that could have major implications for generative AI art. The US Supreme Court’s upcoming decision could shift the interpretation of fair use law and have major implications for the generative AI art movement by redefining what constitutes fair use. (Wired)

Grimes invites musicians to use her voice in AI songs. The Canadian singer announced that her vocals can be accessed through and that she will be using blockchain technology to split royalties with AI creators 50/50 She said she was interested in being a “guinea pig” and that “it’s cool to be fused with a machine and I like the idea of open sourcing all art and killing copyright”.. (The Guardian)

Stanford and MIT study: AI boosted worker productivity by 14%—those who use it 'will replace those who don't'. The study found the lowest-skilled customer-service workers reaped the greatest benefits when AI was rolled out at a Fortune 500 software firm over the course of a year. (CNBC)

Nvidia annouces new software that aims to prevent AI chatbots from 'hallucinating' wrong facts. The software, called NeMo Guardrails, aims to help software makers prevent AI models from saying incorrect facts, talking about harmful subjects, or opening up security holes. (CNBC)

Apple Plans AI-Powered Health Coaching Service, Mood Tracker and iPad Health App. The new coaching service is designed to keep users motivated to exercise, improve eating habits and help them sleep better. The idea is to use AI and data from an Apple Watch to make suggestions and create coaching programs tailored to specific users. (Bloomberg)