Sandeep Nailwal, co-founder of Polygon, flagged the nasty rise of Deepfark scams using his caricatures to deceive the founder of the code. Polygons are one of the largest Ethereum Layer 2 networks. In a May 13 social media post on X, Nailwal said several individuals recently reached out to see if they spoke on Zoom. However, he was not involved in those meetings as the scammers gained trust using his operating videos and tricked them into installing harmful software. How scammers work Nailwal said the scam started with a compromise on the Telegram account belonging to Shreyansh Singh, who leads…
Author: ₿e Proud
Virtuals introduced a new staking mechanism for native token virtual, replacing the passive retention incentive with a voting emissions structure that grants users a Vevirtual. According to Posted on May 13th In X, Vevirtual Holders receive 20% of all previously distributed Virgen Point emissions based on token holdings. This move establishes Vevirtual as a key mechanism for reward allocation, airdrop eligibility, and future chain governance participation within virtual protocols. In addition to Virgen Points and Governance Eligibility, Vevirtual Holders is now eligible for Genesis Airdrops. Genesis is Virtuals’ Launchpad for new tokens. It offers a 24-hour pre-sale period, during which…
The Wall Street Journal is reportedly confused by sophisticated consultations to raise $500 million in a new funding round that cherishes the company for $14 billion, citing people familiar with the issue. The round is expected to be led by venture capital Giant Accel, and continues to support it from Nvidia, which previously invested in the company. If completed, this pay raise marks a major jump in valuation from the $9 billion baffling ordered in last year’s final funding round. The company has experienced meteor growth from a $520 million valuation in January 2024. Confusing growth Confusion has emerged as…
Tether continues to expand beyond the stubcoin business with a new push to artificial intelligence. On May 5th, Tether CEO Paolo Aldoino announced that the company would run out of time. Start Tether.aian open source AI platform designed for a variety of devices. The announcement comes as the edge of the company’s flagship Stablecoin, USDT, towards a record $150 billion distribution milestone. Tether ai Ardoino described Tether.ai as a project aimed at providing personalized, adaptive intelligence. According to Ardoino, the goal is to create a technology foundation that reflects classic science fiction, particularly the imaginative AI systems that Isaac Asimov…
Below are guest posts and opinions from Manouk Termaaten, founder and CEO of Vertical Studio AI. Governments use AI for “disinformation,” an unethical and authoritarian use that has a significant impact on freedom and truth around the world. The fact that nation-states use AI for disinformation has a major impact on the freedom of nation-states, free elections and sovereignty from foreign enemies. Governments around the world use this technology to keep their population in constant state of confusion. China, for example, has been accused by Taiwan of employing generative AI and scattering disinformation across island nations. According to the island’s…
Below are guest posts and opinions from Polyhedra’s CMO Samuel Pectton. Reliability remains mirage in the ever-growing realm of AI models, affecting mainstream AI adoption in key sectors such as healthcare and finance. Auditing AI models is essential to restore reliability within the AI industry and helps regulators, developers and users increase accountability and compliance. However, auditing AI models may be unreliable as auditors must independently review the pre-processing (training), processing (inference), and post-processing (model deployment) stages. A “trust” and validation” approach helps improve the reliability of the audit process and rebuild the trust of AI. Traditional AI model auditing…
Ark Invest CEO Catie Wood said the US economy is moving from a long-term “recession” and into a new era of productivity-driven growth that drives advances in AI, digital assets and automation. After nearly three years of sector-specific slowdowns have been driven by more severe monetary policy, Wood is seeing signs of economic stabilization and new expansion. Her outlook is dependent on the impact of accelerated AI and automation across the industry. She will help cut costs, increase production and control inflation even as growth resumes. AI and automation Wood attributes the expected economic rebound to ongoing structural transformations in…
Openai has announced an important pivot, and according to a statement on May 5, it is walking past plans to evolve its previous plans into a traditional for-profit organization.Instead, the organization will maintain its nonprofit roots, shifting its for-profit organizations to public benefits corporations (PBCs), and strengthening its commitment to public interest (AGIs) in the development of artificial general information.According to the statement, the PBC model allows OpenAI to generate revenue, but the non-profit parent holds control and holds substantial stock positions in the new structure.The company noted that this approach is now common among advanced AI labs that have…
The bankrupt FTX missed nearly $5 billion in potential profit after liquidating the early stock of Anysphere behind the rapidly rising AI code editor cursor.The now-deprecated crypto exchange invested $200,000 in Anysphere during the 2022 seed round through trading arm Alameda Research.However, bankruptcy managers sold their shares for the same amount in 2023 long before the company’s value surged.FTX’s ANYSPHERE (Cursor AI) investment sales. (Source: Gautham Elango)On April 5th, Anysphere completed its funding round, pushing its valuation to $9 billion. The round brought in $900 million and included major investors such as Thrive Capital, Andreessen Horowitz and Accel.In January this…
Stripe has launched a new AI Foundation model for payments, expanding support for Stablecoins and embedded funding.The company made an announcement at its annual session meeting, introducing more than 60 product updates. The enhanced Stablecoin integration comes at $1.1 billion more than six months after the company acquired Bridge for $1.1 billion.AI foundation modelStripe has introduced the world’s first foundation model for payments, trained with hundreds of billions of trading data points. This model dramatically improved fraud detection, increasing the accuracy of card test attack detection from 59% to 97% among major users.Stripe has released an orchestration. It is a…