Facebook began piloting its Novi crypto wallet in the U.S. and Guatemala on Tuesday, even though the diem cryptocurrency the company is helping to develop is not yet ready. Diem was originally supposed to pair with Novi, but the wallet will use Paxos ’ USDP stablecoin instead—stablecoins are cryptocurrencies that have their value tied to an outside asset and in USDP’s case, it’s the U.S. dollar....
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Amazon’s Anthropic Deal Signals Cloud Sector Turbulence
You know the cloud industry is in upheaval when industry leader Amazon Web Services has to copy a tactic used by its smaller rivals to compete more effectively. The Amazon unit’s decision on Monday to invest up to $4 billion in AI startup Anthropic, as part of a broader deal in which AWS becomes the startup’s “primary cloud provider,” looks a lot like the type of equity-for-business deals AWS...
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