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Stargate Unravels: Report Claims Softbank and OpenAI Tensions Stall AI Ambitions

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A new report claims tensions are brewing between Softbank and OpenAI over major terms in their Stargate collaboration—chiefly, where the data centers should go and funding. People familiar with the matter say OpenAI’s grand Stargate vision now appears to be shrinking fast. WSJ Report Sources Say Stargate Is Shrinking OpenAI’s Stargate project—a sweeping artificial intelligence … Read more

Report: NFT Firm Candy Digital Cuts Over a Third of the Company’s Staff

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With non-fungible token (NFT) sales a lot lower than they were at the start of the year, NFT companies and marketplaces are feeling the pain associated with the second-largest crypto winter to date. According to a report published on Monday and “multiple people familiar with the situation,” the NFT company Candy Digital is laying off … Read more

Report: Softbank’s Internet Firm Z Holdings Plans to Launch NFT Mall in 180 Countries

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Z Holdings, the internet subsidiary of the Japanese conglomerate holding company Softbank, is planning to launch a global non-fungible token (NFT) marketplace this spring. Z Holdings’ “NFT Mall” aims to target 180 countries and leverage the firm’s Paypay service in order to attract Web3, metaverse, and NFT patrons. Z Holdings Doesn’t Want to ‘Miss out … Read more

Polygon Raises $450 Million From Sequoia Capital India, Softbank, Shark Tank’s Kevin O’leary

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The blockchain project Polygon announced it has raised $450 million on Monday in a fundraising round led by Sequoia Capital India with participation from more than 40 venture capital firms. Polygon says that the money will allow the team to help scale Ethereum and bolster the mass adoption of Web3 applications. Sequoia Capital India and … Read more