The generative AI boom has continued to run markets and conversations, whereas the future of AI regulation is still unclear. Speaking with Yahoo Finance's Julie Hyman and Brian Sozzi World Economic Forum in Davos, Switzerland, Microsoft (MSFT) Vice Chair President Brad Smith discusses the company's plans to expand its AI capabilities, calling generative AI "the defining technology of our lifetime, certainly this decade without question." While acknowledging "there's always a risk of technology being overhyped," Smith believes generative AI is truly "transformational," with the power to fundamentally reshape workflows and daily lives for businesses and consumers. By augmenting Microsoft products with AI tools like Copilot, Smith notes the tech giant's aim is to make products "more useful for people." Asked about rapid AI advancement, Smith doesn't think it's progressing too quickly, but stresses the need to move forward with "with safety and innovation at the same speed" through collaborative governance. "Of course, there's a risk that in some ways regulation will go too far, there always is," Smith says. However, given social media's unchecked rise previously, he argues "we don't want to do that a second time" with AI. It's all part of Yahoo Finance's exclusive coverage from the World Economic Forum in Davos, Switzerland, where our team will speak to top decision-makers as well as preeminent leaders in business, finance, and politics about the world’s most pressing issues and priorities for the coming year. Watch this full episode of Yahoo Finance Live here. Editor's note: This article was written by Angel Smith.

Crypto exchange WOO X has secured $9 million in a funding round from both existing and prospective market makers on its trading platform.

Crypto news today: The Bloomberg Editorial Board argued that the Bitcoin ETF approval has failed investors + more crypto news!

The Bitcoin hash rate dropped 34% as a result of a sudden freeze in Texas, causing some Bitcoin miners to scale back their operations.

French crypto financial services firm Flowdesk has successfully raised $50 million in a Series B funding round led by Cathay Innovation.

Exploring how the evolution of DeFi is paving the way for new investment structures like spot Bitcoin ETFs, reshaping the finance landscape.

Today in NFT news: VanEck becomes an NFT conference partner, Pudgy Penguins are up over 170% in a month, and more.

2023 hasn’t been the best year for crypto companies. According to PitchBook data, VC investments in crypto companies are down by 68% in 2023 compared to 2022. To be fair, crypto companies still raised $9.5 billion.

A crypto trader has made over $1 million with an initial $10,000 worth of TROLL tokens as Elon Musk updated his X (Twitter) account bio. 

South Korea is currently deliberating on whether to include gains from cryptocurrency assets in the upcoming abolition of income tax on financial investments

Crypto exchange HTX has unveiled the launch of a new decentralized autonomous organization, teasing a 30% yield for liquidity providers

Former U.S. President and candidate for the post of head of the country in the 2024 elections Donald Trump, spoke out against central bank digital currencies (CBDC)

Shanghai court rules on first case of money laundering involving Chinese digital yuan and crypto, setting a legal precedent.

The South Korean government says it will “completely re-examine” the “need” to tax crypto traders on their earnings.

It’s no secret that Bill Gates is bullish on artificial intelligence, but he’s now predicting that the technology will be transformative for everyone within the next five years.

The native utility token powering licensed iGaming ecosystem Scorpion Casino, $SCORP, appears primed to enter the global top 50 cryptos by market capitalization rank in 2024. The project demonstrates strong foundations in terms of technology, token economics, security, and overal...

1 Taki Games partnered with Unite and expanded its roots to Polygon Network. 2 Support for the mobile games portfolio and the launch of new TAKI liquidity pools are some key reasons. As the gaming industry joined forces with the Web3 ecosystem and blockchain technology, no gaming...

Sam Bankman-Fried's parents have filed a motion to dismiss FTX's lawsuit, denying involvement in the exchange's downfall.

ARK Investment Management, led by Cathie Wood, divested from the ProShares Bitcoin ETF, reallocating approximately $16 million towards its own Bitcoin ETF. 

The Coinbase vs. SEC case takes center stage as the leading exchange is set to argue why its traded tokens are not unregistered securities. 

2023 saw a boom in job market growth, creating 2.7 million jobs that year coming off of pandemic trends. With so many concerns around employment — from AI workplace adoption to inflation stressors on the labor market — coming off of such highs, many are wondering what kind of complications and opportunities lie in store for workers in 2024. Vista Equity Partners Founder, Chairman, and CEO Robert Smith sits down with Yahoo Finance's Julie Hyman and Brian Sozzi from the World Economic Forum in Davos, Switzerland to examine DEI (Diversity, Equity, and Inclusion) initiatives executed for educational institutions and companies, particularly in tech. "We are teaching and training, and we are having these large super-scaler large tech companies, saying how do we participate?" Smith explains. "How do we ensure that these students have a chance to actually contribute to the fabric of this artificial intelligence so that we actually have the ability to ensure that bias does not exist and we're taking into account all of the elements of our society so that we can actually make this a highly productive tool, and not one that's going to disadvantage certain communities." Smith goes on to characterize generative AI as an "enabling technology," commenting on how this new wave of tech adoption may be fueling valuations in Big Tech. It's all part of Yahoo Finance's exclusive coverage from the World Economic Forum in Davos, Switzerland, where our team will speak to top decision-makers as well as preeminent leaders in business, finance, and politics about the world’s most pressing issues and priorities for the coming year. Watch this full episode of Yahoo Finance Live here. Editor's note: This article was written by Luke Carberry Mogan.

The Securities and Exchange Commission (SEC) is meeting Coinbase today in federal court, with both parties presenting their first oral arguments amid

In an announcement posted on January 17th, VanEck announced that its board of trustees had approved the liquidation.

QCP Capital, a Singapore-based crypto trading firm, has forecasted that Ethereum will outperform Bitcoin amid spot ETH ETF anticipation.

The Ethereum (ETH) price has surged over 11% in 2024, continuing a steady growth from December 2023 and a rise in weekly inflows.

According to a survey, 12% of the local population in El Salvador used Bitcoin at least once to pay for goods and services in 2023.

Switzerland and Liechtenstein's crypto projects value surged by 107% year-over-year to $382.93 billion, led by Ethereum.