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THE DAILY INDEX

Technology, AI, software, security, crypto and business

Across today’s newsletters

Today’s Index

BIDEN ADMINISTRATION UNVEILS NEW CRYPTO TAX REPORTING RULES

The US Treasury Department is proposing a new rule to place tighter requirements on brokers to report user transactions to the IRS. The way it’s written also seems to include decentralized exchanges and NFT marketplaces, meaning those entities would be required to collect customer information. The proposed Form 1099-DA is said to help simplify the process for users to report their gains and losses. This proposal comes as part of the 2021 Infrastructure Investment and Jobs Act and is expected to take effect in 2025.

IBM’S AI CHIP MAY FIND USE IN GENERATIVE AI

IBM's latest AI chip is more than a dozen times as energy efficient as conventional microchips on automated transcription tasks. It is capable of 12.4 trillion operations per second per watt. When tested on speech recognition tasks, the chip was able to perform as accurately as neural networks run on conventional hardware while completing the job seven times as fast and up to 14 more efficiently. The chip can support transformers and may be beneficial for many types of AI systems.

TLDR IndexPage 1