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AI & Enterprise

AI researchers warn of 'intelligence explosion' as 'Mythos-level' moments could come monthly

Leading AI researchers warned that research automation at frontier AI companies could trigger abrupt performance jumps, or an “intelligence explosion.” GovAI researcher Alan Chan said automating the development of future models could create feedback loops that accelerate the next round of research. He urged imagining “Mythos-level” moments occurring monthly, not yearly. Co-authors called for closer scrutiny by policymakers and safeguards such as mandatory embedded auditors.

Crypto

European exchange 21bitcoin starts paying interest on idle euro balances, paid in bitcoin

European crypto trading platform 21bitcoin has started paying 1.21 percent annual interest on uninvested euro balances left in customer accounts. Users can receive the interest in bitcoin without separate currency conversion fees. The interest is paid by German bank Volksbank Raiffeisenbank Bayern Mitte eG, which holds a stake in 21bitcoin, with customer funds kept in segregated trust accounts. The rate is variable and subject to German withholding tax.

Games & Commerce

New York City implements 'click-to-cancel' rule to make subscription cancellations as easy as sign-ups

New York City has implemented a "click-to-cancel" rule requiring companies that offer auto-renewing or ongoing subscription services to provide a simple cancellation process. Businesses must clearly disclose subscription terms and consumer rights at sign-up, payment and cancellation, and offer cancellation through the same channel used to subscribe. The city’s consumer protection agency will enforce the rule and can levy civil penalties of $525 per violation.