Italy has banned OpenAI's ChatGPT chatbot due to privacy concerns and lack of age verification, marking the first instance of a Western country blocking the chatbot, while experts call for a moratorium on advanced AI systems development.
China and Brazil have signed a deal to trade in their own currencies, bypassing the U.S. dollar as an intermediary, to reduce costs and promote bilateral trade.
A study from the Social Science Research Network (SSRN) revealed that 186 banks could collapse if half of their uninsured depositors withdraw their funds.
Customers of small U.S. banks pulled a record $119.9 billion of deposits in the seven days ending March 15, data released by the Federal Reserve showed Friday.