Amazon, Anthropic AI Startup Partner in $4 Billion Investment
Amazon and the artificial intelligence (AI) startup Anthropic have announced a new investment agreement to support the research and development of new high-performance foundation models. Anthropic disclosed in a post on X, formerly Twitter, that Amazon invested $4 billion in its work in exchange for access to Amazon cloud services (AWS) Trainium and Inferentia processors. […]
CoinShares Launches Hedge Fund Division for US Investors
Cryptocurrency asset manager CoinShares is establishing a hedge fund division in the United States. The U.S. FINRA will conduct marketing activities for the new hedge fund division. CoinShares officially announced the news on September 22, stating that the company will make its offerings available to qualified U.S. investors for the first time. The CoinShares Hedge […]
Judges Deny SBF’s Appeal For Early Release
A three-judge panel from the United States Court of Appeals for the Second Circuit denied Sam Bankman-Fried’s (SBF’s) motion for early release, calling the arguments behind the motion for release “unpersuasive.” In an order dated September 21, Circuit Judges John Walker Jr., Denny Chin, and William Nardini denied SBF’s request for early release, which his […]
Meta Denies Using Copyright Infringing Material in AI Training
Meta has refuted claims that Llama’s artificial intelligence (AI) model was trained to utilize copy-protected content from popular novels in a lawsuit against Sarah Silverman and other authors. Meta asked a federal magistrate in San Francisco on September 18 to dismiss claims made by author Sarah Silverman and several other authors that it violated their […]
USDC Stablecoin Launches on Polkadot Network
USD Coin, the second-largest stablecoin market capitalization after Tether (USDT), is now available on Polkadot Network. Circle, the issuer of USD Coin, has launched USD Coin on the Polkadot network, the company announced on September 19. Polkadot USDC is now transferable to Polkadot parachains via the XCM protocol using Circle Account and Circle APIs, according […]