In this article, we’ll explore why cryptocurrency companies are partnering with cloud suppliers, the benefits they can expect to gain, and how this collaboration can contribute to the growth and adoption of blockchain technology.

Google has released an update to its popular authenticator app that stores a "one-time code" in cloud storage, allowing users who have lost the device with their authenticator on it to retain access to their 2FA. However, some experts warn that this update could make users more vulnerable to hackers, as securing it in cloud storage associated with the user's Google account means that anyone who can gain access to the user's Google password would then subsequently obtain full access to their authenticator-linked apps. Blockchain security firm CertiK warns of the dangers of using SMS 2FA, which is currently the only authentication option available for a number of fintech and cryptocurrency-related services. (Cointelegraph)

Google Cloud is looking to help Web3 builders fast-track their projects by expanding its early-stage support program for the community.

Google and Alphabet CEO Sundar Pichai has announced the merger of two entities to form a new business unit called Google Deepmind, dedicated to developing the next generation of AI breakthroughs and products. The unit was formed by merging the Brain team from Google Research and DeepMind, which Google acquired in 2014. The goal is to accelerate the development of AI in a safe and responsible manner. The AI developments will be used to enhance Google products, but specific details of implementation are unknown. A recent survey of 11,004 American citizens found that 56% believed AI would have a major impact on the US economy, while 13% believed it would help more than hurt American workers.

Google Bard Tries To Gain ‘Coding Assist’ Edge Over ChatGPT; Coinbase Set To Launch Base Mainnet Within 2023; DRW Denies Investment in 3AC’s OPNX

In a major update since the launch of Bard in March 2023, Google said its conversational AI service will now be able to help with programming and software development tasks. Although it is very early into the development, it is not clear as to whether Google is trying to become the top AI chatbot for software professionals while OpenAI’s ChatGPT is developed for general purposes. The search engine giant said coding has been on top of its list of requests from our users for embedding into the AI service.

Elon Musk Plans To Take On Google’s Bard & ChatGPT With New AI Startup; Metamask User Data From 18 Months Compromised; SEC Poised To Increase Its Scrutiny of Decentralized Finance Exchanges

According to a recent report published by the Financial Times on Friday, billionaire CEO Elon Musk is currently working on the formation of an Artificial Intelligence (AI) startup that will compete with the likes of ChatGPT-maker OpenAI, Google’s Bard and Amazon’s Bedrock.

The top lawyer representing the U.S. DOJ in its antitrust case against Google has accused the tech giant of stifling AI innovation through monopolizing the search market via exclusivity deals. Google is alleged to have violated federal antitrust laws by having deals with clients like Apple to preload its search engine on devices and browsers. The DOJ is expected to give its verdict this summer. Kenneth Dintzer argued that the exclusivity deals should have been terminated the moment Google gained its monopoly, as Google pays billions to Apple every year to give it a competitive edge as the default search engine on the Safari web browser. In court, Dintzer questioned if AI innovation would have been stifled if Google had not maintained its monopoly. The report also mentions the AI chatbot ChatGPT, which has been at the forefront of conversations about AI development, although it has not been without controversy.

ChatGPT and other technology innovations may have been released years ago if Google hadn’t monopolized the search market, the Justice Department told a federal court Thursday.