Thursday, March 28, 2024
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Coinbase sees lukewarm demand for debt buyback, raises offer

Crypto exchange Coinbase has raised the offer on its $150 million debt buyback program after lukewarm demand.In an Aug. 21 announcement, Coinbase revealed that since the buyback program went into effect earlier this month, investors have tendered just over $50 million of bonds compared to a target of $150 million.

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IBM Watson developer raises $60M for AI startup Elemental Cognition

David Ferrucci, the artificial intelligence (AI) researcher who led the team behind IBM Watson’s development — the question-answering supercomputer developed by IBM — has raised nearly $60 million for his Elemental Cognition AI startup.According to a submission on Aug. 17, the company has finalized equity sales amounting to $59.95 million from 17

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ZetaChain raises $27M in equity round to enable chain-agnostic interoperability

Layer-1 network ZetaChain has secured $27 million to support its chain-agnostic platform, according to an announcement on Aug. 16. Participants in the round include Blockchain.com, Human Capital, Vy Capital, Sky9 Capital, Jane Street Capital, VistaLabs, CMT Digital, Foundation Capital, Lingfeng Capital, GSR, Kudasai, Krust and other investors.The protocol created in

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Anthropic AI raises $100m from South Korea to bolster telecommunications industry

Artificial intelligence (AI) developer Anthropic announced on Aug. 13 that it is receiving an additional $100 million in investment from the South Korean telecommunications giant SK Telecom. According to the announcement, the investment comes alongside a collaboration between the two companies in order to develop a multilingual large language model (LLM)

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Multicoin Backer L1 Digital Raises $152M for Second Crypto Venture Capital Fund

L1D is registered with FINMA, Switzerland's independent financial markets regulator, and manages one alternative investment fund plus the now two venture capital funds, which are backed by professional and institutional clients, including Swiss pension funds, family offices, wealth managers and banks. Founded in August 2018, L1D has had experience with

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