You're tuned in to Tech Beat. Here are the stories shaping the conversation today.
Israel's central bank is pushing back hard on a proposal backed by Prime Minister Netanyahu to use cryptocurrency as a way to sidestep international sanctions. More than one hundred economists, including former central bank governor Jacob Frenkel, have signed a warning letter saying the plan would deepen the country's financial isolation rather than relieve it, with national elections looming on October twenty-seventh.
Staying in the crypto space, Bitcoin is holding relatively steady near eighty thousand four hundred dollars as markets wait on a Federal Reserve interest rate decision expected Wednesday. The broader digital asset market has been largely flat, though decentralized finance tokens managed to buck the trend with modest gains, suggesting traders are staying cautious ahead of the Fed's move.
And in a case that could reshape how AI companies handle creative material, Elvis Presley's estate is suing Anthropic for copyright infringement. The suit centers on claims that the AI developer used the King's music and likeness without authorization in training its systems. It's the latest in a growing wave of legal challenges forcing courts to define where artificial intelligence ends and intellectual property begins.
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