“Steve has been a serial entrepreneur and investor for over 25 years, founding and operating companies ranging from internet infrastructure, cloud software, communications, and crypto,” according to a brief resumé included in the court documents, which described him as the proposed CEO of the Delaware corporation, as yet unnamed but referred to in the filings as NewCo. Source
According to those familiar with the matter, the new AI system developed by Meta will allow companies to develop services that produce sophisticated text, analysis, and other output. Meta Platforms Inc (NASDAQ: META) is reportedly developing a new open-source AI system that is expected to be more powerful and advanced than the GPT-4 model offered by OpenAI. Besides, its capacity will be twice as high as Llama 2 – the latest AI model released by Meta and Microsoft Corporation (NASDAQ: MSFT) in July. As reported by the Wall Street Journal, the…
One possible reason behind the strong surge in Freind.tech’s user activity is due to several non-crypto personalities joining the platform recently. Decentralized social platform Friend.tech is once again gaining major traction with the total value locked (TVL) shooting to more than $20 million in the last four days. The development comes within two weeks of critics declaring the platform “dead” after the activity on the platform started to “fizzle out”. Nonetheless, Friend.tech has experienced a notable resurgence in activity in recent days, with the app recording a daily trading volume…
Coinbase’s journey into the Indian crypto market has been marked by challenges since the beginning of its launch. Leading American crypto exchange Coinbase has issued a clarification regarding the termination of its exchange services for Indian users. In a move that has raised eyebrows within the virtual asset community, Coinbase sent out emails to certain customers in India, notifying them that all services would come to a halt after September 25. This notification was accompanied by a strong recommendation for users to withdraw any remaining funds from their Coinbase accounts.…
Animoca Brands has been one of the leading investors in NFTs, blockchain gaming and metaverse-related companies in recent years, with backing from the likes of Singapore’s state investment fund, Temasek. Animoca’s aim is for Mocaverse to provide Web3-native tools for users to build gaming and other entertainment products. One such product under development is Moca ID, a non-fungible token (NFT) collection designed to allow users to craft on-chain identities in order to participate in the Mocaverse ecosystem. Source
Optimism (OP) has been at the forefront of the blockchain industry with its incentive program, which recently led to the protocol’s cumulative trading volume exceeding an impressive $3.8 billion. Analyst Ryan Holloway has shed light on the remarkable impact of Optimism’s incentive program. The availability of OP trading rewards and incentives on various platforms, including Polynomial, played a pivotal role in this surge in usage metrics. The incentivization strategy employed by Optimism has proven wildly successful, resulting in an astounding 23-fold increase in trading volume for the protocol. This achievement,…
Bitcoin (BTC) begins a key macro week in a weak place as 2023 BTC action begins to look like a “double top.” After a disappointing weekly close below $26,000, BTC/USD is struggling to catch a bid amid a return to low volatility. Analysts, already predicting downside, continue to forecast new local lows, and liquidity conditions are increasingly supporting their argument. Are there any silver linings on the horizon? One on-chain metric suggests that Bitcoin is “in the midst” of a major shakeout akin to March 2020. A rebound to “fair…
Meta, the parent company of social media platforms Facebook and Instagram, says it’s developing a new artificial intelligence (AI) model that will rival the most advanced model from OpenAI, according to a Wall Street Journal exclusive. The Wall Street Journal reported that individuals familiar with the matter said Meta aims for the new AI model to be “several times” more powerful than its Llama 2 model, which it released earlier this year. For the moment, The Wall Street Journal’s sources said that Meta’s plans for the new system are for…
Meta, the parent company to social media platforms Facebook and Instagram, says it’s developing a new artificial intelligence (AI) that will rival the most advanced model from OpenAI, according to a Wall Street Journal exclusive. WSJ reported that individuals familiar with the matter said Meta aims for the new AI model to be “several times” more powerful than its Llama 2 model, which it released earlier this year. For the moment, the WSJ sources say Meta’s plans for the new system are for it to be open-source, and therefore allow…
In the tech world, we often see established platforms making bold moves to adapt to the changing times. A well-known social media company, X, previously Twitter, has taken a significant step forward by obtaining a Rhode Island Currency Transmitter License. This license allows X to become more involved in crypto, strengthening the connection between social media and popular digital currencies. This development has generated excitement, and many people are curious about how such a move might impact other platforms like InQubeta and the broader ecosystem. InQubeta: decoding the future with AI startups…