CryptoGPT was founded in July 2022 as ZK Layer-2 blockchain platform that lets you own the monetization of your AI data. The token, the website claims, wants to “turn every task of your daily life into a source of income.”
“Instead of applying ZK technology to payments, CryptoGPT integrates it for private data transfers,” CryptoGPT said in the statement on Monday. The proceeds of the new funding will be used to grow its developer team globally and build on its regional presence in the Asian markets, said Dejan Erja, co-founder and chief technology officer of the AI-focused blockchain.
CryptoGPT aims to enable users to earn money by monetizing their data in various fields, including fitness, dating, gaming, and education. Additionally, the platform plans to introduce non-fungible tokens (NFTs) that will store the user’s activity data.
Crypto exchange Bitget launches a $100 million Web3 Fund to support next-generation crypto projects in Asia
Bitget today launched its Web3 Fund with an initial investment of $100 million to support next-generation crypto projects in Asia. The company made the announcement during Hong Kong Blockchain Week. Bitget said the new fund “will focus on investing in Web3-friendly venture capital and outstanding Web3 projects, with the goal of supporting the development of the next generation of crypto projects.”
Founded in 2018, Bitget currently serves more than 2 million customers in 50 countries, The startup said it aims to contribute to the adoption of decentralized finance on a global scale. Since its launch, Bitget has become the world’s largest crypto copy trading platform, through the gaining popularity of its flagship One-Click Copy Trade products. According to CoinMarketCap, Bitget was ranked third globally, in terms of its derivatives volume as of January 2022.
This year, Bitget Exchange is implementing a “Go beyond derivative” approach by introducing the Bitget Web3 Fund. The aim of this initiative is to cultivate a favorable perception of the digital currency economy and facilitate the advancement of the Web3 ecosystem.
The Bitget Web3 Fund will seek out VCs and projects globally but prioritize partners in Asia that have a clear roadmap and an experienced team, and those that offer innovative solutions to real-world problems. As of now, it has received inquiries from VCs including Foresight Ventures, Dragonfly Capital, SevenX Ventures, DAO Maker, and ABCDE Capital for potential partnerships.
Chinese AI startup SenseTime unveils “SenseChat,” a chatbot and image generator to take on ChatGPT
Interest in artificial intelligence (AI) has soared since the launch of ChatGPT, a popular chatbot created by OpenAI which uses generative AI technology that learns from past data to create new text, images, or computer code.
Since its debut in November 2022, many tech companies have thrown their hats in the ring hoping to capitalize on ChatGPT’s success. The latest is Chinese AI facial recognition startup SenseTime, joining the global AI race ignited by the popularity of ChatGPT.
Today, SenseTime unveiled “SenseChat,” an AI-powered chatbot that performs tasks such as writing an email and a children’s story upon being prompted. In a live demo on Monday, SenseTime co-founder and CEO Xu Li, CEO showed a live demonstration of SenseChat writing an email and telling a story about a cat catching a fish when prompted by questions, as well as scripting computer codes.
In a statement, SenseTime’s other co-founder Wang Xiaogang said the new AI-powered products were based on the latest version of the company’s SenseNova big model, which they have been developing over the past five years
“We have been focusing on developing our big models. In addition to our powerful AI infrastructure … SenseTime has also developed the ability to deploy big models across our product line,” said SenseTime’s co-founder Wang Xiaogang, adding that SenseChat contained more than 100 billion parameters.
“We can generate a digital scene for a livestreaming room. The product creation and interactive content are all generated by AI, and the livestreaming room runs non-stop 24 hours a day,” Xu said. “In fact, you may not even be able to tell whether it is a real person doing the broadcasting at night.”
ChatGPT has grown in popularity to millions of users within just a few months of its launch. In March, OpenAI launched the latest version of its primary large language model, GPT-4, which the company claimed can beat 90% of humans on the SAT. Unlike its predecessors, OpenAI said the new GPT-4 is a large multimodal model that can solve difficult problems with greater accuracy, adding that GPT-4 is the company’s most advanced system to date, producing safer and more useful responses.
We’ve covered SenseTime extensively over the years. In October 2019, the United States put SenseTime on a trade blacklist. In 2018, SenseTime raised $600 million to become the most valuable AI startup in the world. In 2021, the company said it was planning to raise $740 million in its revised Hong Kong IPO.
SenseTime is the developer of Face++, the technology used by the Chinese government to monitor and track its over one billion citizens. Face++ is also used by more than 300,000 developers in 150 countries to identify faces, as well as images, text, and various kinds of government-issued IDs.
SenseTime is China’s largest artificial intelligence (AI) unicorn focused on computer vision and deep learning technologies. The company is behind a proprietary deep learning platform, SenseTime has become the largest algorithm supplier in the country.
Binance.US struggles to find a new banking partner following the collapse of Signature Bank
The U.S. arm of crypto exchange Binance is facing challenges in finding a new banking partner following the collapse of Signature Bank that roiled the crypto market in March, the Wall Street Journal reported.
The Journal reported on Saturday that Binance.US is struggling to find a bank to take its customers’ cash after the failure of Signature Bank. Citing people familiar with the matter, the publication reported that Binance.US is now using at least one intermediary to store funds as a stopgap. The report also added that since the money is being held by a third party, it can slow down sending and moving of funds.
“We work with multiple U.S.-based banking and payment providers and continue to onboard new partners while upgrading our internal systems to create a more stable fiat platform and offer additional services,” a spokesperson for Binance.US told the WSJ.
The U.S. affiliate of global crypto exchange Binance has struggled to find a bank for its customers’ cash after the failure of Signature Bank left it without a key banking partner, people familiar with the matter said.
On March 12, 2023, the New York State Department of Financial Services shut down Signature Bank and the Federal Deposit Insurance Corporation (FDIC) was named Receiver, according to a news release by the FDIC.
In addition, according to Binance.US’s website, users’ dollar deposits were previously sent to either Signature Bank or Silvergate Capital Corp. before the collapse of the two banks, which has now left many crypto companies looking to find new banking partners.
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- Source: https://techstartups.com/2023/04/10/top-tech-startup-news-for-monday-april-10-2023-binance-bitget-careem-cryptogpt-sensetime-and-tesla/
