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What’s behind OpenAI’s appointment of an ex-NSA director to its board

CIO

Avivah Litan, distinguished VP analyst whose primary coverage areas include AI security and blockchain, had nothing but praise for his experience, but predicted his stay with the company will not last long. Government cannot take care of social media so how is it going to take care of AI?” They know that is not going to work.

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Cryptocurrency company Circle to go public in SPAC deal

TechCrunch

But the company later pivoted to create a social payments app. Circle became a sort of Venmo clone with some blockchain technology under the hood. In 2017 and 2018, the company pivoted once again to focus on cryptocurrencies. Created in 2013, the company originally wanted to create a mainstream bitcoin payment platform.

Company 361
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New bank, who dis? Lifestyle-focused neobank Cogni pivots to web3

TechCrunch

The mobile-based platform, founded in 2018 out of Barclays’ accelerator program (which is operated by Techstars), launched with the intent to offer personalized banking products suited to the lifestyles of those in the 18-to-35 crowd, CEO and founder Archie Ravishankar told TechCrunch. The company last raised a $1.7

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Snap acquires location data startup StreetCred

TechCrunch

StreetCred is building a blockchain-based marketplace for location data. When I spoke to Meech in 2018, he said his goal was to “open up and decentralize” location data by building a blockchain-based marketplace where users are rewarded for helping to collect that data.

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A new venture studio, SuperLayer, aims to become a preeminent Web3 launch pad

TechCrunch

Indeed, in the case of SuperLayer, the tokens might all look a bit different, but they will all be tied to a blockchain network called Rally that SuperLayer’s founders created earlier and want to help popularize by creating more interesting apps atop it.

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The Week’s 10 Biggest Funding Rounds: Scale AI’s Massive $1B Deal Leads Slower Week

Crunchbase News

Nevertheless, the week saw a $1 billion round go to yet another AI startup, and biotech and blockchain also saw some big deals. Farcaster , $150M, blockchain: Is Web3 funding back? It saw a little pickup in Q1 , and more rounds like this will help, as Web3 social media platform Farcaster raised a $150 million round led by Paradigm.

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Twig takes $35M to turn stuff you own into a way to pay

TechCrunch

In that scenario blockchain becomes useful… We want to increase the liquidity of this asset and make it very easy for consumers to trade the physical goods for virtual goods and use the virtual goods to buy physical goods or experiences. But it’s fair to say that getting money into accounts remains a key aim.