Decrypt AI, Edited by Stacy Elliot

Stacy wrote for TheStreet Crypto after spending three years as a data analyst and product manager on the Goldman Sachs technology risk team. Prior to joining Goldman, Stacy led the data reporting team at Fortune. Before joining Fortune, she worked as a data reporter at Bankrate and the Star-Ledger. Disclosure: She owns less than 1 BTC and less than 2 ETH.

Meta Is Building AI Data Centers to Power ChatGPT Competitor: WSJ

Meta, the company behind industry behemoths Facebook and Instagram, is making strides in the artificial intelligence sector with plans to develop an AI system that rivals the capabilities of OpenAI's ChatGPT. This ambitious venture forms part of CEO Mark Zuckerberg's strategy to establish Meta as a dominant player in the burgeoning AI industry, people familiar with the matter told The Wall Street Journal on Monday. GPT-4 Launch Sends AI Tokens Soaring—Is It More Than a Meme? The forthcoming AI m...

SEC Fines LA Company $6 Million Over NFTs Sold as Securities

Los Angeles-based media company Impact Theory has paid a $6 million settlement after the Securities and Exchange Commission (SEC) alleged its NFTs were unregistered securities, according to a press release. The company has also been ordered to destroy all the Founder's Key NFTs as a result of the settlement. As of midday on Monday, Founder's Key collection was still live on Opensea. As of this writing, the NFTs have a floor price of 0.039 Ethereum, or approximately $64. Since the collection laun...

AI Startup Hugging Face Hits $4.5 Billion Valuation After Google and Nvidia Backed Raise

In a significant endorsement of the surging interest in artificial intelligence (AI) and platforms that foster its growth, AI startup Hugging Face has raised a whopping $235 million in its Series D funding round. The news, initially brought to light by The Information and subsequently confirmed by Salesforce CEO Marc Benioff on Twitter, has the tech industry buzzing. With participation from tech behemoths such as Google, Amazon, Nvidia, Intel, and many others, Hugging Face’s latest funding round...

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Decrypt AI, Edited by Stacy Elliot

Stories by Decrypt AI, Edited by Stacy Elliot

Meta Is Building AI Data Centers to Power ChatGPT Competitor: WSJ

SEC Fines LA Company $6 Million Over NFTs Sold as Securities

AI Startup Hugging Face Hits $4.5 Billion Valuation After Google and Nvidia Backed Raise