OpenAI shutters AI detector due to low accuracy
OpenAI has quietly pulled the plug on its AI Classifier because of its low accuracy.
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Crypto payments platform Wyre shutters citing bear market conditions
Wyre has begun the process of winding down and noted that interested parties can now start inquiring about purchasing the firm’s assets.
Buzzfeed shutters news division, leans into AI
Less than one month after it shuttered its news division and laid off 180 staffers, BuzzFeed’s CEO says it’s “leaning into AI” in a Q1 earnings call.
Beaxy exchange shutters after SEC presses multiple charges against founder, execs
The regulator is throwing the book at Beaxy and people associated with it on charges of unregistered securities offering and failing to register in a number of capacities.
SpankPay crypto payment service shutters, citing 'hostile banking environment
SpankChain was forced to close its crypto payment processor after the hunt for a new adult-industry-friendly service provider yielded no results.
Nexo shutters US Earn product a month after settling with regulators
The shutdown of Nexo’s earn product follows from a multi-million dollar settlement the firm paid last month with U.S. regulators.
ePayments shutters as FCA Anti-Money Laundering regulations tighten
The electronic payment provider is permanently closing operations due to the inability to satisfactorily meet the standards of the FCA after suspending operations for three years.
Snapchat’s parent company shutters Web3 division amid layoffs
The company said it will let go of its Web3 division to make way for restructuring after falling behind financial targets.
Wikimedia Foundation shutters BitPay account halting crypto donations
The Wikimedia Foundation decided it has had enough of crypto as 71% decided to ban all digital asset donations and to close its BitPay account.
Coinbase Shutters High-Speed Crypto Trading Division, Axing 30 Jobs
Coinbase is shutting down the Chicago trading technology office it opened a year ago, eliminating 30 jobs.