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Social media giant Meta has reportedly disbanded its division responsible for regulating its artificial intelligence (AI) ventures as they are developed and deployed.According to a report, many team members of Meta’s responsible AI division have transitioned to roles within the generative AI product division at the company, with some joining
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Over the last 2 years, there have been a few cuts within the company as part of its goal to “deliver durable savings through improved velocity and efficiency”. Tech giant Google LLC (NASDAQ: GOOGL) has cut at least 40 jobs in its Google News division. According to those familiar with the
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Today, all employees of the FAST unit will be notified about their further status. Currently, there are 600 workers under the FAST division. It is not clear how many people will lose their jobs at Reality Labs. Meta Platforms Inc (NASDAQ: META) is reportedly planning to lay off employees in Reality
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“We’ve seen the great utility stablecoins and USDC have brought to developers, corporations, end-users and more across an array of use cases, including for global lending markets within DeFi,” the company said in a blog post. “However, for new entrants to participate in these markets, the ability to securely unlock
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CoinShares, a European crypto investment firm, has launched a new hedge fund aimed at qualified U.S. investors as part of the company’s strategy to expand its geographical coverage. In a press statement, the firm said its new hedge fund division called “CoinShares Hedge Fund Solution” will be offering a diverse range
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Major European cryptocurrency asset manager CoinShares is launching a hedge fund division in the United States despite the country’s tough crypto regulation climate.CoinShares officially announced the news on Sept. 22, stating that the firm will roll out its offerings for qualified U.S. investors for the first time ever.The new division,
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied SG-FORGE, the cryptocurrency unit of the French multinational financial giant, Société Générale Group, has become the first institution to receive a cryptocurrency regulatory license in France, enabling the company to operate as a regulated digital asset
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In its first quarter financial call, the digital media company BuzzFeed revealed major declines in revenue and hinted at upcoming changes for the near future. According to an official press release from the company, the media outlet was 27% in its Q1 revenue compared to the same quarter last year. Additionally
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EURCV will be offered to institutional clients as a means of bridging the gap between traditional capital markets and digital assets. Source
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Entertainment giant Disney has reportedly ditched its metaverse division as part of a broader restructuring plan to cut its operating expenses by $5.5 billion and lay off 7,000 staff over two months. The news was reported by The Wall Street Journal (WSJ) in a March 28 post, citing “people familiar
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