OMG NEWS OF THE DAY

Google’s 25M Euro AI Skill Boost for Europe Unveiled

Google is stepping up its commitment to fostering AI skills in Europe with the launch of the “AI Opportunity Initiative for Europe.” The tech giant plans to invest 25 million euros into training initiatives aimed at equipping Europeans with the necessary skills to thrive in the field of artificial intelligence. Partnering with various stakeholders including governments, civil society, and academia, Google aims to bridge the digital skills gap and empower the workforce to leverage AI for economic growth.

As the final part of the AI Opportunity Initiative, we’re expanding our AI foundational courses to 18 languages. The courses are free of charge and available to everyone, offering a series of modules on introductory AI skills to help people and businesses get practical skills and knowledge. …

We want to play our part in empowering Europe’s workforce, supporting people through change so that everyone can benefit.

Philippines to Launch Non-Blockchain CBDC in Two Years

The Governor of Bangko Sentral ng Pilipinas (BSP) has announced plans to introduce a wholesale central bank digital currency (CBDC) within the next few years. Unlike other central banks experimenting with blockchain technology, BSP intends to develop a CBDC using its payment and settlement system.

This move aims to facilitate more efficient transactions, with banks serving as intermediaries. The Philippines joins a growing list of countries exploring CBDCs as digital complements to traditional currencies.

Related: Ripple’s Vision for the Future: The Power of CBDCs

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Can Torrevieja Become Europe’s First Crypto-Friendly City?

Torrevieja, a picturesque city in Spain, is embarking on a digital transformation journey to become Europe’s first crypto-friendly city. By collaborating with local businesses and leveraging blockchain technology, Torrevieja aims to enable stores to accept cryptocurrency payments, starting with the use of cryptocurrencies in transactions. This ambitious project seeks to promote commerce, create new job opportunities, and position Torrevieja as a hub for technological innovation in Europe.

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Source: Binance

Inflation-Torn Argentina Turns to Crypto Caves, Avoids Bitcoin

Amidst soaring inflation and strict currency controls, Argentines are turning to underground peer-to-peer exchanges, known as “crypto caves,” to acquire US dollar stablecoins as a hedge against the depreciating Argentine peso. These clandestine exchanges provide locals with access to stable digital assets, offering a lifeline amidst economic instability. Despite recent legalization efforts, Bitcoin adoption remains cautious due to concerns about volatility, prompting many to opt for stablecoins like USDT for stability and reliability.

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