The FinTech Hub
Source: The Verge Elon Musk’s xAI unveiled Grok-3 on Tuesday, announcing that the new artificial intelligence model has “more than 10 times” the compute power of its predecessor. xAI said its latest flagship outperforms OpenAI’s GPT-4o, Google’s Gemini, and DeepSeek’s V3 models in early testing, and now features “advanced reasoning” capabilities. So-called reasoning models are…
Source: The Verge X users are currently unable to post links to Signal.me, which are used to quickly and securely send direct messages to Signal users. A variety of failure notifications are being reported when X users attempt to post Signal links on the platform, some of which identify the blocked message as containing spam,…
Source: The Verge Elon Musk’s X has agreed to pay President Donald Trump “about $10 million” to settle his lawsuit against Twitter, reports The Wall Street Journal. The settlement would come on top of an estimated $250 million that Musk, who now seemingly has broad authority over government agencies as the head of DOGE, put…
Source: The Verge Apple has resumed advertising on X for the first time since pausing ads more than a year ago. The company was one of many to halt advertisements over concerns for brand safety following Elon Musk’s purchase of the social network. While X’s approach to content moderation has changed little since then, Big…
Source: The Verge For years, Donald Trump’s fight against social media companies has been a one-man boxing match. He calls them out over bias, and they rewrite policies making him the one exception to their rules, taking care never to punch back. But on Tuesday, Twitter slapped back for the first time ever, labeling two…
Source: The Verge In an interview about Threads with The Verge, Instagram CEO Adam Mosseri explains why the platform wants to take on Twitter. “Obviously, Twitter pioneered the space,” Mosseri says. “And there are a lot of good offerings out there for public conversations. But just given everything that was going on, we thought there…
Source: The Verge Companies have been cutting costs. | Photo by Natt Garun / The Verge Over the last couple years, it feels like we’ve heard news of mass layoffs and hiring freezes from tech companies nearly every week, and since the beginning of 2024, there’s been a new wave of layoffs and firings. In…
Source: The Verge When TikTok went off the air (to use a very old-fashioned phrase), there was a scramble to find an alternative to its shortform video feed — and a similar scramble by various social networks to provide that alternative. (In fact, while I was writing this, Tumblr launched its new Tumblr TV feature.)…
Source: The Verge X is one step closer to finally launching its payments platform. According to X CEO Linda Yaccarino, the X Money service will debut “later this year” with Visa announced as its first partner. In her announcement, Yaccarino says the service will support “secure + instant funding to your X Wallet via Visa…
Source: The Verge On April 4th, 2022, we learned that Musk had purchased enough shares of Twitter to become its largest individual shareholder. Eventually, he followed up with an unsolicited offer to buy 100 percent of Twitter’s shares for $54.20 each, or about $44 billion. Twitter accepted Musk’s offer, but then things got weird because…
