CryptoNews

Tether's 'Record-Breaking' Q4 Profit Partly Attributed to Gold and BTC Price Appreciation

February 2, 2024
In the last quarter of 2023, Tether Holdings Limited registered a “record-breaking net profit of $2.85 billion.” Overall, the stablecoin issuer’s net profit in 2023 topped $6.2 billion. Tether’s secured loans ($4.8 billion), which are collateralized by highly liquid assets, were “fully covered by the undistributed accumulated profits known as excess reserves ($5.4 billion).” Bitcoin…
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GamingNews

Baobab partners with 9 Story Media to bring Roblox franchise Momoguro to TV

February 1, 2024
Baobab Studios and 9 Story Media have partnered to bring Baobab’s Momoguro franchise, which is a popular gaming series Roblox, to television. Burlingame, California-based Baobab created Momoguro as a cross-platform entertainment franchise, said CEO Maureen Fan in an interview with GamesBeat. And now Baobab is joining with 9 Story Media Group, a powerhouse in kids and family content, to create a…
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GamingNews

Activision Blizzard added $2B in revenue to Xbox’s Q2 growth

February 1, 2024
Microsoft revealed during its latest financial earnings report that its Xbox gaming division has seen a dramatic increase in revenue after last year’s acquisition of Activision Blizzard. Xbox’s revenue increased 60%, while overall gaming revenue grew 48%. According to…
AI & RoboticsNews

Synthesia launches LLM-powered assistant to turn any text file or link into AI video

February 1, 2024
Today, London-based Synthesia, the startup that enables enterprises to create professional AI videos, announced the launch of its AI video assistant, a tool that can turn text-based sources into full-fledged synthetic videos in a matter of minutes. Available starting today for paying customers, the AI video assistant builds on Synthesia’s existing offerings and can work with any document or web…
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AI & RoboticsNews

Shopify boosts its commerce platform with ‘Magic’ image editor and other AI enhancements

February 1, 2024
Shopify has just unveiled over 100 new updates to its commerce platform, with artificial intelligence emerging as a key theme. The company introduced new AI-powered capabilities aimed at helping merchants work smarter, sell more, and create better customer experiences. The headline feature is Shopify Magic, which applies different AI models to assist merchants in a variety of ways. This includes…
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