Elon Musk Launches New AI Firm xAI
Elon Musk announced the formation of xAI, a team led by Musk with executives from Google’s DeepMind, Microsoft, and Tesla. The release from July 12 states that xAI would collaborate closely with Tesla, Twitter, and other businesses owned by Musk to “make progress toward our mission.” The company is aggressively looking to add skilled engineers […]
Blockchain’s Role in Combating Fake News
With increased online resources, false information can reach more people than ever. However, with the advent of several technologies, it’s essential to examine blockchain’s role in combating fake news. The spread of fake news has become a severe problem that can influence public opinion and even threaten democratic institutions. With blockchain technology, persons, businesses, and […]
Axelar, Microsoft Partner for Hybrid Blockchain Solutions
Microsoft and cross-chain protocol Axelar established cooperation on July 11 to connect public and private blockchains. Axelar will join Microsoft’s Azure marketplace due to the partnership and become the first cross-chain protocol to be featured there.Axelar’s representative, Galen Moore, stated that the effort would allow Axelar to connect with tens of thousands of businesses using […]
ARK Invest Sells 135K Coinbase Shares as Price Rises to $90
Cathie Wood’s ARK Invest is profiting from its large Coinbase shares holding by selling a small portion of its hoard following a brief price rise to $90 on July 11. On July 11, Wood’s investment firm ARK sold $12 million worth of Coinbase shares from its largest exchange-traded fund (ETF), the ARK Innovation ETF. According […]
Consensys Launches Linea zkEVM Rollup Network on Mainnet Alpha
Web3 software technology company, ConsenSys, is launching the alpha version of its Linea zkEVM rollup network on the mainnet. In offering zkEVM rollups on top of Ethereum, the Linea network enables developers to create blockchain applications with quicker transaction times and cheaper transaction costs. Joe Lubin, the CEO and creator of Consensys, said: “Ethereum [layer […]