Softbank announces $100B investment in US AI infrastructure
The announcement came at President-elect Donald Trump’s Mar-a-Lago estate in Florida. Go to Source
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Softbank lost 99% when the dotcom bubble burst, now it’s all-in on AI
Softbank Group stocks reached an all-time-high on a market capitalization of $97.2 billion. Go to Source
Softbank CEO says company’s purpose is to create ‘artificial super intelligence’
Billionaire finance mogul Masayoshi Son also said that AI will be 10,000X smarter than humans by 2035. Go to Source
Report: NFT Firm Candy Digital Cuts Over a Third of the Company’s Staff
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
FTX crisis feeds the Twitter rumor mill with hot takes and conspiracy theories
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
3AC liquidators seek time, access to headquarters as Genesis, Algorand ties are untangled
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
Report: Softbank’s Internet Firm Z Holdings Plans to Launch NFT Mall in 180 Countries
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
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
Privacy-focused applications platform Aleo raises $200M
Aleo will use the funds to support developers in building applications within its private and scalable platform. Go to Source Powered by WPeMatico
Mercado Bitcoin operator acquires Portuguese crypto exchange
After raising over $250 million from firms like SoftBank last year, Brazil’s 2TM Group is expanding into Europe. Go to Source Powered by WPeMatico
