Relay Daily

This transaction illustrates how AI can facilitate faster and more efficient payment processing, reducing the need for human intervention.Finextra• 2 min

Mastercard and PrivatBank have successfully executed Ukraine's first payment using an AI agent, marking a pivotal moment for AI in financial transactions. This development underscores the growing role of AI technologies in streamlining and automating payment processes. Read more about this milestone here.

This 50-50 joint venture will enable the trading of tokenized shares of publicly listed companies, allowing for fractional ownership and improved liquidity.Thedefiant• 3 min

NYSE parent ICE has partnered with crypto exchange OKX to launch a joint venture focusing on tokenized equities, marking a pivotal shift towards integrating traditional finance with decentralized systems. This collaboration aims to enhance investment accessibility and efficiency.

The collaboration will leverage AI technology to analyze transaction patterns and identify potential fraud in real-time, addressing a significant need in today's digital finance landscape.Finextra• 5 min

Modern Treasury has teamed up with Sardine to bolster fraud detection for businesses, enhancing security in financial transactions. This partnership aims to provide more timely and effective solutions to combat fraud in the fintech sector.

The fund, named Intercept, is backed by prominent investors and is focused on innovative biotech solutions to fight the common cold virus.Time• 5 min

A new $500 million fund has been launched with the ambitious goal of eradicating the common cold, signaling a significant investment in public health and biotechnology. This initiative aims to tackle one of the most prevalent viral infections affecting millions globally. Read more

The Jalapeño chip is designed to optimize AI workloads, allowing for faster processing and reduced energy consumption, which is crucial for scaling AI applications.CNBC• 6 min

OpenAI has introduced its first dedicated AI chip, named Jalapeño, in collaboration with Broadcom, marking a pivotal moment in AI infrastructure development. This move aims to enhance the efficiency and performance of AI applications across various sectors. Read more here

The Dragonfly chips are modular, allowing for easier upgrades and maintenance, which is essential for rapidly evolving AI applications.Thenextweb• 5 min

Qualcomm has secured Meta as the first customer for its new Dragonfly data center chips, which are specifically designed to handle AI workloads. This collaboration signals a significant move in the AI hardware landscape as companies seek more efficient processing solutions. Read the full announcement here.

The campaign focuses on distilling AI models, a process that reduces their size while maintaining performance, making them more accessible for commercial use.CNBC• 4 min

Anthropic and Alibaba have teamed up to launch a joint AI model distillation campaign aimed at enhancing the efficiency and performance of AI models. This partnership signifies a noteworthy advancement in the AI industry, promising improvements across various applications. Source

The NeMo AutoModel streamlines the fine-tuning process, allowing developers to adapt models to specific tasks more efficiently.Huggingface• 4 min

NVIDIA has launched new tools in the NeMo AutoModel to simplify and accelerate the fine-tuning process for transformer models, promising significant reductions in time and resource expenditure for machine learning tasks. Learn more about this development here.

Jalapeño is designed specifically for AI inference, allowing faster processing and reduced latency in AI applications.Openai• 7 min

OpenAI has introduced Jalapeño, a cutting-edge chip aimed at enhancing the performance and efficiency of AI applications. This development could significantly impact how AI systems function across various sectors, including tech and health. Learn more here.

The introduction of the API allows AI agents to automate trading and liquidity operations, enhancing overall market participation.Thedefiant• 3 min

0x has launched its swap API for AI agents, enabling interaction with their decentralized finance protocol for just $0.01 per request in USDC. This move is set to improve both efficiency and accessibility in DeFi services.

Lightspark is leveraging blockchain technologies to streamline financial transactions, enhancing speed and efficiency.Threadreaderapp• 2 min

David Marcus highlights Lightspark's recent innovations that are propelling its influence in the global payments landscape, indicating a pivotal shift towards blockchain technology in financial transactions. For more insights, check out the full discussion here.

The decision reflects a growing trend in DeFi protocols to reassess their stablecoin strategies and improve liquidity management.Thedefiant• 3 min

The Synthetix governance community has voted to retire the sUSD stablecoin, opting to compensate holders with vested SNX tokens. This marks a notable strategic shift in the protocol's approach to liquidity and governance.