Stability AI CEO resigns to ‘pursue decentralized AI’

Emad Mostaque is stepping down from his role as CEO of Stability AI, the startup that helped bring Stable Diffusion to life. In a press release late on Friday night, Stability AI says Mostaque is leaving the company “to pursue decentralized AI.” Mostaque will also step down from his position on the board of directors … Read more

Nigerian fintech Zone raises $8.5M seed to scale its decentralized payment infrastructure

African financial institutions typically scale their solutions using a mix of local and foreign tech. Appzone is one of the standout local fintech software providers for banks and fintechs, providing better pricing and flexibility. For over a decade, the Nigeria-based Appzone has functioned as an enabler (at payment rails and core infrastructure) within banking and … Read more

Reddit downplays risks of developer backlash, decentralized social media in its IPO filing

Reddit’s long-awaited IPO is nearing, promising to be the largest social media IPO since Pinterest. But in the company’s S-1 filing, Reddit fails to fully address the complications that arose from changes to its developer platform and API pricing, which late last year led to site-wide protests, communities going dark, site stability issues, and traffic … Read more

Buddy.tech will get unfriended: Each day transactions drop 95% as hyped decentralized social app loses steam

It could be time to place to relaxation yet one more effort to construct a social community on a blockchain: The variety of transactions on decentralized social community buddy.tech has cratered after lower than 20 days since its launch. Buddy.tech is making an attempt a brand new spin on a decentralized social community by letting … Read more