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IBM Plans to Make Llama 2 Available within its Watsonx AI and Data Platform

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ARMONK, N.Y., Aug. 9, 2023 /PRNewswire/ — As part of the continued roll-out of our enterprise-ready AI and data platform, watsonx, IBM (NYSE: IBM) plans to host Meta’s Llama 2-chat 70 billion parameter model in the watsonx.ai studio, with early access now available to select clients and partners. This will build on IBM’s collaboration with Meta on open innovation for AI, including work with open source projects developed by Meta – such as the PyTorch machine learning framework and the Presto query engine used in watsonx.data.

This will also support IBM’s strategy of offering both third-party and its own AI models. Currently in watsonx.ai, AI builders can leverage models from IBM and the Hugging Face community, which are pre-trained to support a range of Natural Language Processing (NLP) tasks including question answering, content generation and summarization, text classification and extraction.

The future availability of Llama 2 in watsonx.ai will be another milestone on IBM’s generative AI roadmap and is expected to be followed by the coming releases of its AI Tuning Studio, additional AI models in watsonx.ai, and FactSheets in watsonx.governance.

IBM is committed to keeping trust and security principles at the forefront as it continues to roll out its generative AI capabilities. For instance, when users run the Llama 2 model through the prompt lab in watsonx.ai, they can toggle on the AI guardrails function to help automatically remove harmful language from the input prompt text as well as the output generated by the model. Meta also provides an account of their fine-tuning methodology used in their large language models.

Furthermore, IBM Consulting has the expertise of 21,000 data, AI and automation consultants in addition to its Center of Excellence for Generative AI comprised of more than 1,000 consultants with specialized generative AI expertise. These experts can work with clients to help tune and operationalize models for targeted use cases aligned to their specific business requirements.

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IBM, like Meta, is a supporter of open innovation. There is value in engaging a robust and diverse community of AI builders and researchers to test, share feedback and collaborate on these technologies to drive further innovation. We are excited to see what these innovators will build with Llama 2 and other models on the watsonx platform.

Statements regarding IBM’s future direction and intent are subject to change or withdrawal without notice, and represent goals and objectives only.

AI builders can explore watsonx.ai today via the free trial: https://www.ibm.com/products/watsonx-ai

About IBM

IBM is a leading global hybrid cloud and AI, and business services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,800 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service. For more information, visit www.ibm.com.

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Contact:
Amy Angelini
[email protected]

IBM Corporation logo.

Photo – https://mma.prnewswire.com/media/2171964/IBM_watson_x_social.jpg
Logo – https://mma.prnewswire.com/media/95470/ibm_logo.jpg 

Cision View original content:https://www.prnewswire.co.uk/news-releases/ibm-plans-to-make-llama-2-available-within-its-watsonx-ai-and-data-platform-301896401.html

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Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches

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Sarah Brennan, an accomplished figure in corporate and securities law, serves as General Counsel at Delphi Ventures, focusing on investments in the Web3 space. With over 14 years of experience in securities law and a deep involvement in digital assets since 2017, Brennan also co-leads LeXpunK, a collective dedicated to establishing legal frameworks for decentralized digital communities.

In a candid interview with a prominent cryptocurrency news outlet, Brennan discussed various critical topics. She addressed the emergence of crypto super PACs, funded significantly by major firms like Ripple and Circle, to counter strict SEC regulations. Brennan viewed the SAB 121 bill, backed by the US administration, as potentially isolating the crypto community from broader financial integration.

While acknowledging the influence of centralized entities in advocating for crypto interests, Brennan cautioned against replicating traditional financial hierarchies within the crypto sphere, which contradicts its revolutionary ethos. She expressed concerns about monopolistic scenarios that could dominate the crypto landscape, exerting excessive control over essential industry components and traditional financial operations.

Regarding regulatory challenges, Brennan advocated for tailored regulations to manage systemic risks posed by large centralized crypto institutions. She criticized the current regulatory opacity and inconsistency, which she believes have fostered suboptimal business practices. Through LeXpunK, Brennan endeavors to pioneer experimental legal structures that could redefine regulatory compliance for token issuances, though reception from policymakers has been lukewarm.

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Looking ahead, Brennan emphasizes the need for proactive regulatory approaches using antitrust measures to prevent crypto monopolies, promote decentralization, and target bad actors. However, she highlighted the persistent communication gap between crypto-literate legal advocates and hesitant regulators as a significant obstacle.

Brennan continues to drive forward her mission through new advocacy platforms aimed at shaping the future of cryptographic regulation, navigating complexities to ensure balanced and effective regulatory frameworks in the evolving crypto landscape.

Source: shakirabrasil.info

The post Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches appeared first on HIPTHER Alerts.

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Italy Ramps Up Crypto Oversight in Line with MiCA

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Italy is preparing to strengthen its oversight of cryptocurrency markets to align with the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework. This initiative, initially enacted in 2022, aims to impose stricter monitoring of digital asset markets, particularly targeting insider trading and market manipulation. Under the new decree, fines ranging from 5,000 to 5 million euros ($5,400 to $5.4 million) will be imposed based on the severity of violations, reinforcing compliance and market integrity.

For blockchain firms and decentralized finance (DeFi) protocols, MiCA presents significant challenges. These entities must decide between fully decentralizing their networks or complying with MiCA’s Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. Fully decentralized networks are exempt from reporting requirements but risk non-compliance if they employ foundations or intermediaries moderating communities.

Centralized exchanges like Binance are adapting to MiCA by categorizing stablecoins as authorized or unauthorized, aligning with regulatory requirements without delisting these assets from spot markets. Uphold has similarly adjusted by delisting certain stablecoins for compliance purposes.

Despite regulatory pressures, experts are optimistic about stablecoins’ future. Figures like Jeremy Allaire, CEO of Circle, predict stablecoins could represent 10% of the money supply within a decade. They anticipate widespread adoption driven by benefits such as financial inclusion, lower remittance costs, and seamless cross-border commerce via public blockchains.

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This regulatory framework underscores the transformative potential of stablecoins and blockchain technology within the global financial system.

Source: coinfomania.com

The post Italy Ramps Up Crypto Oversight in Line with MiCA appeared first on HIPTHER Alerts.

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1inch Network Teams Up with Blockaid for Shield API

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1inch Network has collaborated with Blockaid to introduce the 1inch Shield API, a pioneering advancement in Web3 security. This collaboration aims to enhance user protection within decentralized finance (DeFi) by bolstering defenses against fraudulent tokens. Blockaid, renowned for its expertise in Web3 security solutions, utilizes advanced data analytics and machine learning to swiftly identify and flag scam tokens, safeguarding users from potential financial risks.

The 1inch Shield API also addresses compliance with Anti-Money Laundering (AML) regulations through continuous screenings of blockchain addresses. Powered by TRM Labs, this feature scrutinizes addresses for associations with sanctioned entities and illicit activities, preemptively restricting suspect addresses to prevent regulatory infractions.

Additionally, 1inch integrates Etherscan Pro’s blocklisting capabilities to proactively blacklist suspicious addresses, further fortifying its security measures.

This initiative marks a significant milestone in DeFi security, promising unparalleled levels of security and compliance. As 1inch continues to deploy this technology across its platform, it aims to provide developers and users with enhanced protection and confidence in navigating the Web3 landscape.

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Source: cryptotimes.io

The post 1inch Network Teams Up with Blockaid for Shield API appeared first on HIPTHER Alerts.

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