The Diem Association, a crypto initiative backed by Facebook-parent Meta Platforms, is selling its technology to crypto-focussed bank Silvergate Capital for $200 million, The Wall Street Journal reported. The sale comes as regulatory pressure endangered its stablecoin ambitions, according to Bloomberg . The move signals the total collapse of the Diem project, which has long faced delays and...
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Microsoft Might Keep Losing in Search and Still Win
Could Microsoft win even if it loses in the next chapter of internet search? That was the question running through my head at an event in Redmond, Wash., earlier today, where Microsoft confirmed reporting from The Information and others when it announced it will remake its Bing search engine using artificial intelligence technology from OpenAI. The new and improved...
Goldman Sachs Asset Management Closes $5.2 Billion Growth Fund
Twitter’s Head of Revenue Strategy & Operations Departs
Meta Beginning Effort to Trim Managerial Ranks
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