SCB 10X

Congratulations to Sahara AI, an SCB 10X portfolio company, on the successful launch of the first phase of the Data Services Platform! 🚀 With over 10,000 early contributors already onboarded, Sahara AI is setting the foundation for high-quality datasets that will drive their future AI development and product innovations. We’re proud to support their journey and can’t wait to see the groundbreaking advancements ahead.💡 #SaharaAI #SCB10X #AIInnovation #DataServices #TechMilestone

In 2024, several countries worldwide, including the European Union, the United States, and those in Asia, updated their digital asset regulations. These updates aim to ensure market transparency and security, with a focus on regulating stablecoins and enforcing anti-money laundering (AML) measures. These efforts seek to protect investors and bolster confidence in the global digital financial system. Read more at: https://lnkd.in/gk_5PVQz #SCB10X #DigitalAsset #GlobalCryptoRegulation #blockchain

#Weeklynews Update trends in Tech and Startup! 1. Synthetix merges with leveraged token platform @TLX, using its codebase for further development. They are preparing to launch leveraged tokens and other structured products on Synthetix. Source : https://lnkd.in/eSn7ZkR2 Image Credit : theblock . 2. Apple partners with Broadcom to develop AI chips for servers, supporting the growth of Apple Intelligence. Production is expected to begin in 2026. Source : https://lnkd.in/dvbXjDG3 Image Credit : decrypt . 3. Avalanche raises $250 million through a locked token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital. The funds will be used to develop Avalanche9000, reducing costs and increasing transaction speeds. Source : https://lnkd.in/geZ75Ec9 Image Credit : theblock . 4. Google unveils Willow, a high-performance quantum chip that can solve complex problems in 5 minutes, faster than a supercomputer by 10 septillion years. It also reduces errors in real-time. Source : https://lnkd.in/dmmHuPBZ Image Credit : Google . 5. Pagaya, an AI technology company, closes a $600 million consumer loan ABS transaction and prepares to close an additional $100 million pass-through deal, reflecting strong demand for credit. Source : https://lnkd.in/g8K56W2X Image Credit : pagaya  . 6. Anchorage Digital adds EigenLayer restaking services, allowing institutions to reuse their staked ETH for restaking, earning additional rewards and enhancing security for applications on Ethereum. Source : https://lnkd.in/gbzW6sag Image Credit : anchorage . 7. Together AI merges with CodeSandbox, launching a Code Interpreter for generative AI. This allows LLMs to run, visualize, and test code in a virtual environment. Source : https://lnkd.in/dgA-33az Image Credit : finance.yahoo . 8. Fireblocks expands to Japan, opening a new office in Tokyo. They aim to tap into the rapidly growing blockchain and cryptocurrency market. Source : https://lnkd.in/gFc4uKkz Image Credit : fireblocks . 9. New stablecoin on the rise! Ripple receives approval for RLUSD from New York regulators. The launch is expected soon, with partnerships from leading exchanges like Uphold and Bitstamp. Source : https://lnkd.in/gjjmvz2k Image Credit : cointelegraph . #SCB10X #AI #Crypto #Bitcoin #Technology #News

Kunat Pipatanakul, Lead AI Scientist at SCB 10X, presented the study of "CrossCheck GPT: Universal Hallucination Ranking for Multimodal Foundation Models", a collaborative research effort by the University of Cambridge, SCB 10X, SCBX, and Tsinghua University, at the Workshop on Responsibly Building Next-Generation Multimodal Foundation Models during at Neural Information Processing Systems (NeurIPS), Vancouver, Canada. #SCB10X #AI #NeurlPS #neurlps2024

#Weeklynews Update trends in Tech and Startup! 1. A new step for the U.S. David Sacks has been appointed as the leader in AI and crypto under Trump's leadership, aiming to develop a legal framework and drive innovation. Source : https://lnkd.in/guebkrSW Image Credit : theblock . 2. Jeff Bezos and Samsung invest $700 million in AI chip startup Tenstorrent Valued at $2.6 billion, Tenstorrent aims to challenge Nvidia in the AI chip market. Source : https://lnkd.in/guzgxWKw Image Credit : bloomberg . 3. Together AI partners with Meta to launch Llama 3.3-70B This high-performance, user-friendly, and affordable AI model comes with a fast and accurate Together Turbo serverless endpoint. Source : https://lnkd.in/gdcfVbxn Image Credit : medium . 4. Ema Unlimited launches AI SDR to boost sales This tool helps sales teams increase opportunities by generating leads, sending personalized messages, and continuously learning and improving performance. Source : https://lnkd.in/g4cW7GuX Image Credit : ema . 5. Swiss private bank Bergos AG partners with Sygnum Bank This collaboration offers secure cryptocurrency trading and custody services to investors. Source : https://lnkd.in/ghCBJuYe Image Credit : sygnum . 6. Stablecoin startup M^0 and Noble launch customizable stablecoin USDN Built on Cosmos, this project aims to become a "federation of stablecoin issuers." Source : https://lnkd.in/e4PPGTy4 Image Credit : theblock . 7. Fireblocks expands DeFi Suite New features like Token Swaps and Allowance Manager enhance security and reduce risks for institutional DeFi users. Source : https://lnkd.in/gDnx5J_c Image Credit : Fireblocks . #SCB10X #AI #Crypto #DeFi #News

Thailand is stepping into the AI era! 🇹🇭🤖 We must be ready to create a balance between cutting-edge technology and addressing social issues, so AI can drive the Thai economy, reduce inequality, and enhance the capabilities of the Thai workforce. 🌟 Dive deep into this topic with Kasima Tharnpipitchai (SCB 10X), Pat Pataranutaporn (MIT Media Lab), and Santitarn Sathirathai (TDRI), with Napat Jatusripitak as moderator. Join them as they share their perspectives on “AI Roadmap for Thailand” at THE STANDARD ECONOMIC FORUM 2024. Read more at : https://lnkd.in/gcpUvA_Y #AI #Typhoon #SCB10X #TheStandardEconomicForum2024

#Weeklynews Update trends in Tech and Startup! 1. Tether.io announced it will discontinue support for its euro-pegged stablecoin, EURT, citing regulatory reasons and declining interest. EURT holders can redeem their tokens until 2025. Source : https://bit.ly/3OJ85I1 Image Credit : theblock . 2. Cantor Fitzgerald is preparing to launch a $2 billion Bitcoin lending service, using Bitcoin as collateral, in partnership with Tether.io. This reflects the growing relationship between Wall Street and the crypto industry. Source : https://bit.ly/3Vh52L5 Image Credit : Cantor Fitzgerald. Image: Shutterstock . 3. Anthropic launched Model Context Protocol (MCP), an open-source tool that simplifies connecting data sources to AI without rewriting code each time. It aims to improve AI usage standards in organizations. Source : https://lnkd.in/dZKYvtCZ Image Credit : Adobe . 4. South Korea is preparing to provide low-interest loans worth $10 billion to support the chip industry, in response to competition from China and policy uncertainty in the U.S. under the Trump administration. Source : https://lnkd.in/gAVBR27t Image Credit : communicationstoday . 5. Anton Katz, CEO and co-founder of Talos, was named one of TabbFORUM's 40 Capital Markets Innovators of 2024 for his leadership and technological advancements in capital markets. Source : https://lnkd.in/emUrRNqZ Image Credit : talos . 6. Ema Unlimited combines public and private AI models, enabling organizations to use AI efficiently, accurately, securely, and cost-effectively. Source : https://lnkd.in/gpfq8Vsg Image Credit : ema . 7. Fireblocks and Google Cloud Confidential Space enhance the security of private key management, reducing the risk of theft and unauthorized access. Source : https://lnkd.in/gmzVCCvj Image Credit : fireblocks . 8. Ripple partnered with Archax to launch the first tokenized money market fund on the XRP Ledger, aiming to improve investment and payment efficiency. Source : https://lnkd.in/gi8te_2N Image Credit : theblock . 9. Together AI developed a fine-tuning API that improves AI customization with long context, conversation data, and configuration options, allowing organizations to build AI that better meets their needs. Source : https://lnkd.in/gSjzFYnA Image Credit : together.ai . #SCB10X #Blockchain #AI #Crypto #Technology #Bitcoin #Financial #News

A Donald Trump victory in the 2024 US presidential election could bode well for the cryptocurrency industry, particularly with Bitcoin reaching new record highs. Although this surge stems from multiple factors beyond a Trump presidency, his stated intentions to appoint pro-crypto officials and enact more lenient cryptocurrency regulations are undeniable. This is anticipated to foster positive growth and wider adoption of cryptocurrencies. . 🎯 Following Trump's victory, many crypto enthusiasts viewed it as potentially ushering in a new era for the industry. Bitcoin's price surged nearly 10% in the wake of the election results, reaching a new all-time high above $76,000. Simultaneously, US Bitcoin ETFs experienced record inflows, exceeding $1.4 billion according to Bloomberg. . 🗽 Coinbase CEO Brian Armstrong commented, “America is on a path to economic freedom.” This statement reflects the considerable optimism within the crypto community regarding its potential future growth and integration into the US economy. . 🔥 With a larger contingent of pro-crypto congressional members after Trump's election, the potential for enacting supportive cryptocurrency legislation has increased. This includes opportunities to promote stablecoins and develop clearer legal definitions and frameworks for digital assets. . 🦾 A hypothetical Trump administration might include prominent crypto advocates such as JD Vance and Howard Lutnick, who have publicly expressed support for regulatory clarity in the crypto space and digital assets. . Under a Trump administration, 2 key areas to watch would be: his proposed "Strategic Bitcoin Reserve," intended to bolster the US economy, and his stated commitment to pro-mining policies aimed at stimulating investment and job creation. He has also pledged to create a Crypto Advisory Council. . ⚡ Meanwhile, efforts to influence crypto policy in the political arena continue. Major crypto companies like Coinbase, Andreessen Horowitz, and Ripple Labs have backed Fairshake, a Political Action Committee (PAC) targeting politicians perceived as anti-crypto. With a substantial $170 million, they aim to persuade politicians to support crypto. Fairshake also plans to spend another $78 million supporting crypto-friendly candidates in the 2026 US midterm elections. . ⭕ With SEC Chair Gary Gensler, known for his strict approach to the crypto industry, set to leave office in 2025, crypto proponents anticipate a more industry-friendly US policy landscape following his departure. . 🚀 In summary: Trump's victory impacts not only US politics but also holds significant implications for the crypto industry, which is poised for major transformation. While some of his promises may be challenging to fulfill, this could be a crucial opportunity for crypto to achieve mainstream institutional adoption and sustainable growth. #SCB10X #Trump2024 #DonaldTrump #Crypto #Bitcoin #BitcoinETF #Blockchain #Stablecoin

#Weeklynews Update trends in Tech and Startup! 1. Goldman Sachs is driving innovation by spinning off its blockchain platform, GS DAP, into an independent company. This move aims to revolutionize and enhance the efficiency of digital asset trading, with the goal of becoming a central solution for the industry. Source : https://lnkd.in/e_CzWMiW Image Credit : reuters/Andrew Kelly . 2. Runner H, an "agentic" AI product from H Company, is now available. Focused on automation and quality assurance, it is built on a compact LLM and offers easy integration through APIs. Source : https://lnkd.in/gzjsaWDR Image Credit : techcrunch  . 3. SEC Chair Gary Gensler plans to step down on January 20th. This follows his significant role in reforming securities and crypto markets. Source : https://lnkd.in/esV6wr-U Image Credit : Gary GenslerPhotographer: Jeenah Moon/Bloomberg . 4. Talos wins "Best Financial Services Startup" at the Finance Magnates London Summit Awards 2024. This award reinforces their leadership in providing infrastructure for digital asset trading. Source : https://lnkd.in/ef-kxF9X Image Credit : talos . 5. Anchorage Digital introduces innovative Bitcoin staking through the Babylon Labs protocol. This allows institutional clients to participate in securing the Bitcoin network and earn staking rewards. Source : https://lnkd.in/erHQvkDT Image Credit : anchorage . 6. Mental health startup Jimini Health utilizes AI to enhance therapy. This provides a novel experience and allows for continuous patient care even outside of therapy sessions. Source : https://bit.ly/3V5JalG Image Credit : Jimini Health . 7. Unlocking Opportunity marks a new phase in the partnership between Ripple and Mercy Corps Ventures. This initiative supports entrepreneurs in developing innovative solutions to increase financial inclusion through blockchain and fintech. Source : https://lnkd.in/eajBxkFw Image Credit : ripple . 8. Together AI partners with Hypertec Cloud to build one of the world's largest GPU clusters.  Equipped with 36,000 NVIDIA GB200s, this aims to accelerate AI development, reduce costs, and enhance performance. Source : https://lnkd.in/evrWakBD Image Credit : together.ai . #SCB10X #AI #Crypto #Bitcoin #Financial #News

Rubie Wallet Withdrawal Deadline Alert! . All Rubie Wallet users can manually swap your remaining THBX (Thai Baht Stablecoin) to regulated USD Stablecoin and withdraw it until November 25, 2024, at 23:59 GMT+7. After the deadline, the system will automatically convert any remaining THBX (Thai Baht Stablecoin) to regulated USD Stablecoin and return it to your original deposit wallet (after the gas fee deduction) by November 27, 2024, at 23:59 GMT+7. . Rubie Wallet is developed and operated under regulatory sandbox’s framework and conditions prescribed by the Bank of Thailand and the Securities and Exchange Commission”