Search results for World Bank
Telecommunications & Media
Europe and North Africa start building first HVDC subsea power link under Mediterranean
Europe and North Africa have moved to build their first direct-current subsea power link, connecting Italy’s Sicily with Tunisia through the Mediterranean. Italy’s grid operator Terna and Tunisia’s state electricity and gas utility STEG selected Hitachi Energy to build converter stations for the ELMED interconnection project under a contract worth about 770 million euros. The 600 MW link spans about 220 km, with cables reaching depths of about 800 metres.
Crypto
Western Union\'s USDPT supported for trading on Bybit, expanding stablecoin strategy
Crypto exchange Bybit has begun supporting Western Union’s dollar-pegged stablecoin USDPT. The link marks USDPT’s first entry into a major crypto exchange and expands its use beyond payments to trading and transfers. The companies said USDPT can now be held, traded and sent on Bybit. USDPT was launched in May, issued by Western Union Digital with reserves held at Anchorage Digital Bank, and initially issued on Solana.
AI & Enterprise
AI fact-checking tests of five latest models show 67 percent disagreement
Can AI replace fact-checking? Tests of five latest AI models on 1,000 identical claims found their verdicts diverged in more than two-thirds of cases. Fact-checking service Lenz analysed agreement rates across major large language models and found all five reached the same conclusion in 328 cases, while 672 showed at least one differing judgment. Lenz said the study was not aimed at picking a best model and is running follow-up accuracy research with human labels.
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AI & Enterprise
South Korea declares \'global AI hub\' vision with nine international organisations
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Crypto
Colombian president proposes Caribbean coast bitcoin mining hub powered by renewable energy
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Finance
Four major financial groups\' Q1 results split as AI, digital finance spread
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Finance
Toss shares digital finance operations with Philippines central bank, World Bank
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Telecommunications & Media
Science ministry, Madagascar and World Bank step up K-blockchain overseas push