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Tether is in talks with investors to raise $15 billion to $20 billion in new funding that could value the largest stablecoin issuer at around $500 billion, putting it in the same league as titans like OpenAI and SpaceX. The private placement would involve issuing new equity, with Cantor Fitzgerald advising on the process, and give investors a stake of about 3% in the company, Bloomberg reported, citing two people familiar with the matter. They cautioned that the final raise could be significantly smaller as talks are in the early stages. If successful, the deal would rank among the largest private financings ever, and highlights the company’s bid to dominate stablecoins even as rivals such as Circle expand. “Tether is evaluating a raise from a selected group of high-profile key investors, to maximize the scale of the Company’s strategy across all existing and new business lines (stablecoins, distribution ubiquity, AI, commodity trading, energy, communications, medi...

Cryptocurrency analysts say an altseason is “just around the corner,” getting ready for a crypto bull run starting in 2024. Looking for insights on how to better build an investment position, Finbold turned to OpenAI’s recent launch and most advanced artificial intelligence (AI), o1, asking for the ideal crypto portfolio given this potential opportunity. Notably, the “PhD-like” OpenAI model offered a complete portfolio subdivided in six categories. First, large- and mid-cap cryptocurrencies represent 30% of the investment, followed by small-caps and three niche sectors totaling 40%. Picks for you Bitcoin price levels to watch as 'bullish fervor' set to 'cool down very quickly' 8 mins ago Alt...

The research firm behind the viral chatbot, OpenAI , is planning to answer concerns from Italian authorities that led to a countrywide ban on ChatGPT . Specifically, Reuters reported that the firm will “present measures,” that address the worries that led to data protection authorities in the country banning the generative AI. Following a place in the spotlight since its arrival, ChatGPT has seen a host of worries arise from users. Moreover, as tech giants like Elon Musk have spoken out against the system. And, with Canada now enacting their own investigation into it, the program may be facing a regulatory response soon. Source: Caschys Blog OpenAI to Answer Italy’s ChatGPT Ban Since its arrival in November of 2022, ChatGPT has been a fixation of the tech community. Blowing away users with its sophistication and setting off the next evolution of what AI is capable of. Yet, as is the case with all technological advancement, regulation has now dominated the discourse. C...

In a somewhat dystopian interview given to Forbes, Sam Altman , the CEO of OpenAI , cl AI med that his company will be a part of destroying capitalism. OpenAI created ChatGPT , a chatbot technology that was implemented with the goal of helping people have better conversations with chatbots. ChatGPT has emerged as one of the fastest-growing consumer applications globally. It also triggered the beginning of the Artificial Intelligence boom in 2023. Also read: Could Shiba Inu (SHIB) be the Key to Your Million-dollar Crypto Portfolio? Now, in a Forbes interview, reporter Alex Konrad mentioned the space between OpenAI ’s foundation and the investor money pouring in, as OpenAI is not yet open-source software. Source: Vox ChatGPT CEO says AGI creation is the thrust that drives all his actions During the interview, Altman stated that the creation of artificial general intelligence is the thrust that drives all his actions. Sam Altman had an interesting respon...