Animoca Brands’ Valuation Drops 75% In Two Years
Animoca Brands’ valuation fell 75% in two years due to the NFT market downturn, but the company continued to grow with a Lamborghini partnership. Crypto conglomerate Animoca Brands has experienced a dramatic decline in its valuation, dropping over 75% in the past two years, as reported recently. The company’s secondary shares are currently valued at just $1.5 […]
JPMorgan Integrates OpenAI’s ChatGPT in AI LLM Suite
JPMorgan Chase integrates OpenAI’s ChatGPT to support more than 60,000 employees with AI-driven LLM Suite. JPMorgan Chase, the largest bank in the United States by assets, has recently implemented a generative AI assistant known as LLM Suite. This implementation is a component of a more extensive initiative to incorporate cutting-edge AI technologies throughout the organization. […]
Tech Companies Request More Time From EU to Comply with AI Act
In a joint letter to the European Commission, Tech companies have requested that the deadlines for compliance with the general-purpose artificial intelligence (GPAI) Act be extended. Due to the summer recess, the organizations, which include the Computer & Communications Industry Association, AmChamEU, The Software Alliance, and DOT Europe, request additional time on August 9. Concerns regarding […]
Speculation Grows on New GPT Model After Altman’s Strawberry Garden Post
Sam Altman’s garden photo sparks speculation about a new GPT model, with observers linking four ripe strawberries to the anticipated GPT 4.5. Sam Altman, the CEO of OpenAI, the company that developed ChatGPT, has sparked speculation on social media regarding the possibility of a new GPT model. This speculation was sparked by a seemingly benign […]
Circle to Cease USDC Support on Flow Blockchain
Circle, the stablecoin’s issuer, has declared that it would no longer support USDC on the Flow network with effect from September 3, 2024. The blockchain network’s impending Crescendo update is the reason behind Circle’s decision to discontinue support for USDC on Flow, the company stated in a blog post on August 5. The US dollar-pegged stablecoin […]