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Intel says it will launch a new artificial-intelligence data-center chip this year to challenge Nvidia and AMD, betting that cheaper memory and lower power draw can win over operators building out compute capacity. A Cheaper Bet on AI Inference The plan, flagged in a widely shared market update, centers on a data-center graphics processing unit … Read more
Tether International has acquired Softbank’s equity stake in Twenty One Capital, the NYSE-listed bitcoin treasury company holding approximately 43,514 BTC, giving the stablecoin issuer greater control over one of the largest publicly traded bitcoin accumulation vehicles in the world. Ardoino Says XXI Enters Next Chapter as Tether Absorbs Softbank’s Stake The deal, announced on May … Read more
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
The announcement came at President-elect Donald Trump’s Mar-a-Lago estate in Florida. Go to Source
Softbank Group stocks reached an all-time-high on a market capitalization of $97.2 billion. Go to Source
Billionaire finance mogul Masayoshi Son also said that AI will be 10,000X smarter than humans by 2035. Go to Source
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
Exciting times lead to exciting posts, many of which bring up valid questions, and maybe some less valuable answers. Go to Source Powered by WPeMatico
In a court filing in Singapore, 3AC’s liquidators seek to slow down an expected onslaught of suits while they figure out the company’s complex financial dealings. Go to Source Powered by WPeMatico
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