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The “metaverse” can be defined as a simulated digital environment that uses augmented reality (AR), virtual reality (VR), and blockchain, along with concepts from social media, to create spaces for rich user interaction mimicking the real world. In late 2021, Facebook changed its name to Meta Platforms as a symbol of its leadership in the Metaverse frontier. Another corporate giant, J.P. Morgan Chase, the largest bank in the U.S., opened Onyx Lounge, a bank in the Metaverse, where it projects the Metaverse market will reach over $1 trillion dollars in annual revenue in the coming years. From rappers like Meek Mill, Snoop Dogg and Jay-Z promoting the purchase of NFTs, to the NBA All-Star Game awarding contestants with Bitcoin, the Metaverse is becoming a hot topic. But what is the Metaverse?
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AI Needs Its ‘Come the Jesus’ Moment
By Steve Salkin and Brett Burney
It’s time to stop the hype, stop talking up AI as if it’s the next best thing since sliced bread and prove that it’s a useful tool and technology that can actually be used in the actual practice of law.
U.S. Regulators Lift the Curtain on Data Practices with Assessment, Reporting and Audit Requirements
By Alan Friel, David Manek, Sasha Kiosse, David Farber and Colleen M. Yushchak
The assessment and audit requirements of the new generation of state data protection laws will force U.S. companies to move beyond mere window dressing and instead require them to develop fulsome data protection programs.
Artificial Intelligence Redefines Our Defense Against Cyber Threats
By Roy Hadley
The cybersecurity landscape is on the brink of a transformative shift, with predictive analytics and behavioral analysis leading the charge for more resilient and adaptive defenses.
Deep Fake of CFO on Videocall Used to Defraud Company of $25M
By Scott Warren
It appears that hackers are using AI to sift large digital data to identify more convincing approaches for their scams as well as weaknesses in weaknesses in software coding or network security.