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Meme coins are not securities and, hence, aren't subject to federal laws regulating the financial instruments, according to the Securities and Exchange Commission. The agency has issued its official stance on meme coins, comparing them to collectibles, since their value is "derived from speculative trading and the collective sentiment of the market." Meme coins do not fit the definition of securities under the law, SEC said, because they do "not generate a yield or convey rights to future income, profits, or assets of a business." People who purchase them are also not considered to be investing in an enterprise, which means they're not "investment contracts" that are classified as securities. As such, people who sell and offer meme coins do not have to register their transactions with the commission under the Securities Act. Buyers are not protected by securities laws as a result, though that doesn't automatically mean that scammers can use them to dupe people without repercussions. Any fraudulent transaction involving meme coins could still be subject to enforcement action under other federal and state laws. The Trump administration's Securities and Exchange Commission has been showing signs of being friendlier towards the cryptocurrency industry ever since he took office. Just within this month, the SEC agreed to end an enforcement case that accused Coinbase of illegally running an unregistered securities exchange. The commission also dropped an investigation into Robinhood, which faced charges of violating securities laws with its crypto listings and sales. Even though the commission will not be regulating meme coins, it says it will still evaluate the "economic realities" of the presumably suspicious transactions they're involved in. Meme coins must be crypto assets "inspired by internet memes, characters, current events, or trends" purchased for "entertainment, social interaction, and cultural purposes" and whose value is "driven primarily by market demand and speculation." They typically have "limited or no use or functionality," the commission wrote, and "experience significant market price volatility." Crypto assets labeled as "meme coins" in an effort to evade regulations will still be considered as securities if they don't fit that definition. This article originally appeared on Engadget at https://www.engadget.com/big-tech/sec-says-meme-coins-are-not-subject-to-federal-securities-laws-140032772.html?src=rss
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Anyone who has rode the New York City subway can tell you that it has a lot of problems, from strange noises to flammable debris on the tracks. Now, as is the solution for everything these days, the Metropolitan Transportation Authority (MTA) is testing how AI could improve the repair process with the help of six Google Pixel phones. In this case, the Google Pixel phones rode on four different subway cars between last September and January. The experiment, conducted in partnership with Google Public Sector, used the phone's accelerometers, magnetometers and microphones to pick up on any worrisome noises. This data was thn sent to cloud-based systems that generated predictive insights using machine learning algorithms. The tech, known by Google as TrackInspect, found 92 percent of the defect locations that inspectors located. "By being able to detect early defects in the rails, it saves not just money but also time for both crew members and riders" New York City Transit President Demetrius Crichlow stated in a release. "This innovative program which is the first of its kind uses AI technology to not only make the ride smoother for customers but also make track inspectors jobs safer by equipping them with more advanced tools." Typically, inspectors walk all 665 miles of the subway tracks to find any issues, along with sensor-laden train geometry cars" picking up data three times a year. During the experiment, inspectors checked out any locations highlighted and confirmed whether there was a defect. They could also ask questions about maintenance and protocols through the tools generative AI system. This article originally appeared on Engadget at https://www.engadget.com/ai/mta-strapped-google-pixels-to-subway-cars-to-spot-track-defects-133046252.html?src=rss
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AMD's decision to start off with mid-range RDNA 4 GPUs now seems prescient. NVIDIA's high-end RTX 5090 and 5080 are already selling well beyond their absurdly high prices, if you can find any in stock at all. And while the RTX 5070 Ti impressed us, it's already selling for close to the 5080's $1,000 launch price. Now AMD's Radeon 9070 and 9070 XT, which are set to arrive on March 6, have the chance to swoop in and deliver some serious competition. Based on early briefings from AMD, which include some impressive benchmarks (still untested by us), the RDNA 4 GPUs appear to be compelling 4K and 1,440p for discerning gamers who aren't ready to drop four figures on a video card. The Radeon 9070 starts at $549, but even more impressive, AMD managed to keep the 9070 XT at a very reasonable $599 launch price. Naturally, those prices will rise based on demand and the whims of card manufacturers, but they're still impressive compared to the RTX 5070 ($549 MSRP) and 5070 Ti ($749 MSRP). XFX On top of the usual raw performance upgrades, the major selling point for these new cards is AMD's Fidelity FX Super Resolution 4 (FSR4) upscaling technology. Unlike previous iterations, this time around it's powered by machine learning, similar to NVIDIA's DLSS. According to AMD, that allows for better image quality while upscaling from lower resolutions, as well as low latency and frame generation. AMD So what does that mean in action? AMD claims the 9070 XT can run Space Marine 2 at an average of 53fps in 4K, but with FSR 4 running that jumps to 182fps. That's similar to the leap in performance we've seen on NVIDIA's RTX 50-series GPUs, which can generate multiple frames. FSR 4 is supported on more than 30 titles at the moment, but for other games like Star Citizen and Forza Horizon 5, AMD claims its HYPR-RX driver-level upscaler can also improve performance by up to 3X. While both the Radeon RX 9070 and 9070 XT come with 16GB of VRAM (unlike the 12GB the RTX 5070 is stuck with), the latter card will likely do a better drop driving 4K 240Hz screens. The 9070 XT sports 64 RDNA 4 compute units, 64 hardware ray tracing accelerators and 128 hardware AI accelerators, while the 9070 includes 56 compute units and RT accelerators, as well as 112 AI units. The 9070 XT can also draw significantly more power 304 watts instead of 220W and has more than a 500Mhz boost clock lead. The standard 9070 will likely be better suited for players who game in 1,440p most of the time, but who may occasionally dabble in 4K. AMD Curiously, most of AMD's benchmarks compare the new cards to the $549 RX 7900 GRE, a slightly under-specced card originally meant for China. But the company did make a handful of comparisons to other cards: For one, it claims the RX 9070 XT is 51 percent faster than the Radeon 6900 XT on average across 30 games while playing in 4K with maximum graphics settings. It's also reportedly 26 percent faster than the RTX 3090 across those same 30 games. As for the RX 9070, AMD says it's 38 percent in 4K/max settings than the RX 6800 XT and 26 percent faster than the RTX 3080. Surely AMD could have compared these cards to the RTX 40 lineup and newer Radeons, but then those gains wouldn't be as high. AMD Beyond gaming, AMD says its new RDNA 4 media engine will be able to encode H.264 with better image quality, and it'll support up to 8K/80fps encoding and decoding. As for AI, the 9070 XT is 34 percent faster than the RX 7900 GRE while using Davinci Resolve's Magic Mask Tracking Tool, and it's 70 percent faster while using Procyon SD XL for generative AI. If AMD can manage to keep the Radeon 9070 and 9070 XT in stock, and also hold prices close to their $549 and $599 launch figures, I wouldn't be surprised if some NVIDIA diehards jump ship. And if you're looking for something even cheaper, AMD says its RX 9060 cards will be coming in the second quarter. AMD This article originally appeared on Engadget at https://www.engadget.com/gaming/pc/amds-radeon-9070-and-9070-xt-are-gunning-for-nvidias-mid-range-throne-130016775.html?src=rss
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