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Meta plans to form product team to ‘turbocharge’ generative AI work
Meta Platforms Inc. is joining the slew of other companies in the generative artificial intelligence movement by creating a new top-level product team to “turbocharge” work, Chief Executive Mark Zuckerberg said in a Facebook post on Monday. To do this, Meta will pull together resources from across the company into one group to focus on ...
Google showcases new updates for Android and wearables at MWC
Google LLC announced new features for Android today at MWC 2023 in Barcelona aimed at improving users’ connectivity, productivity and enjoyment across their devices, including phones, wearables and Chromebooks. New features that debuted at the former Mobile World Congress this week include updates to Google Keep, audio enhancements, instant pairing for Chromebook headphones, new emojis ...
Snapchat unveils AI chatbot powered by OpenAI’s ChatGPT
Snap Inc. revealed today that the company plans to jump on the artificial intelligence bandwagon by adding a chatbot powered by OpenAI LLC’s ChatGPT named “My AI” to its multimedia instant messaging app Snapchat. The company unveiled details about the new service in an announcement stating that users will be able to talk to the AI ...
SPECIAL REPORT: REIMAGINING TELECOM
How 5G will help blaze the trail to the long-awaited metaverse
The metaverse has become a major buzzword as people begin to flock to these immersive digital worlds in virtual and augmented reality, promising to transform how people work, socialize and entertain themselves. But there’s a key obstacle in the way of that vision: Metaverse applications tend to be resource-intensive because they need to send, receive ...
Galaxy Digital finalizes $44M acquisition of crypto self-custody platform GK8
Crypto-focused financial services firm Galaxy Digital Holdings Ltd. finalized its acquisition of the digital asset custody platform GK8 Thursday for $44 million after winning an auction to buy the company from bankrupt crypto lender Celsius Network. GK8 provides managed self-custody services for crypto assets, which allows the holders of cryptocurrency to retain sole possession of ...
Dapper Labs cuts 20% more staff in a second round of layoffs
Dapper Labs Inc. announced Thursday that the company is laying off 20% more of its employees as part of a restructuring plan less than four months after the company behind the NBA Top Shot nonfungible token marketplace said it was cutting 22% of staffers. “As shared earlier today, we are restructuring the Dapper Labs organization ...
Coinbase introduces Base, a developer-friendly Ethereum Layer 2 blockchain
Cryptocurrency exchange Coinbase Global Inc. expanded its blockchain developer tools today with Base, an Ethereum Layer 2 network that offers a secure, low-cost and developer-friendly way for builders to construct and deploy decentralized apps. A Layer 2 blockchain is a separate chain that operates alongside another, in the case of Base it works with Ethereum, ...
Israeli startup Chain Reaction raises $70M to build blockchain chips
Chain Reaction, an Israel-based semiconductor startup that develops blockchain and privacy chips, revealed today that it has raised $70 million in new funding to expand its engineering team and focus on the development of a new chip as its first one comes to market later this year. The Series C round was led by Morgan ...
Crypto risk startup Chaos Labs raises $20M co-led by PayPal, Galaxy
Crypto risk management platform Chaos Labs Inc. raised $20 million in seed funding Tuesday in a round co-led by PayPal Ventures, the venture arm of payments giant PayPal Holdings Inc., and the investment management firm Galaxy Digital. Notable crypto companies and investment firms also participated in the round, including Coinbase Ventures, Uniswap, Lightspeed, OpenSea, Polygon ...
Wipro’s newest secure digital identity solution taps into the blockchain
Wipro Lab45, the innovation lab of technology services and consulting firm Wipro Ltd., today announced the launch of its newly minted Decentralized Identity and Credential Exchange service that taps blockchain technology to provide users full control of their private information. The new service, known as DICE ID, allows credentials to be issued and verified using ...