Today’s weekly recap: Bitcoin (BTC) drops to five-month low amid series of ‘whale sell-offs’; Mt. Gox begins repaying creditors; and Circle obtains first stablecoin license under MiCA as regulatory efforts ramp up. Market decline After a bearish June, reports on July 1 suggested that Bitcoin could be poised for a recovery in July, based on … Read more
In August 2023, as part of Mark Zuckerberg’s “year of efficiency” that led to more than 20,000 layoffs, Meta disbanded a research team of a dozen scientists who had trained a large AI language model for biology. But Alexander Rives, who led the research cohort known as Meta’s “AI protein team,” wasn’t deterred by Meta’s … Read more
Companies in areas such as financial services and insurance live and die by their data – and specifically how well they can use it to understand what people and businesses will do next, a process increasingly dominated by AI. Now a startup called Finbourne, founded out of the financial center of London, has built a … Read more