David Sacks Named Cryptocurrency and AI Czar by Trump


December 6, 2024

Tech News

Ex-PayPal COO David Sacks has been appointed by President-elect Donald Trump as the new “czar” for cryptocurrency and artificial intelligence. Sacks will focus on creating a legal framework for the crypto industry and guiding AI policy, aiming to enhance America’s competitiveness in these sectors. This move highlights the increasing importance of regulating and advancing technology in the current digital landscape.

Thailand’s Chulalongkorn University has launched ChulaGENIE, a generative AI application designed to support research and learning for its staff and students. Built on Google Cloud’s Vertex AI, it offers multilingual capabilities and aims to enhance academic advising and administrative support. This initiative showcases the integration of AI technology in educational institutions to improve efficiency and innovation in academic processes.

A study from Indiana University suggests that individuals with higher emotional intelligence tend to use emojis more frequently in communication. The research indicates that emoji use can enhance emotional expression and understanding in digital interactions, particularly among women. This study sheds light on the psychological aspect of emoji usage and its impact on communication dynamics.

Tech Explained

Cryptocurrency – A digital or virtual form of currency that uses cryptography for security and operates independently of a central authority.

Artificial Intelligence – The simulation of human intelligence processes by machines, including learning, reasoning, and self-correction.

Neobank – A type of direct bank that operates exclusively online without traditional physical branch networks.

Generative AI – A subset of artificial intelligence that focuses on generating new content, such as images, music, or text, based on patterns in existing data.

Emotional Intelligence – The ability to recognize, understand, and manage one’s own emotions and the emotions of others, often influencing interpersonal relationships and communication.

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