The Daily Leo | Growing Partnerships in FinTech and AI Development
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Growing Partnerships in FinTech and AI Development
The financial technology (FinTech) and Artificial Intelligence (AI) sectors have both witnessed remarkable growth and transformation, each driving advancements in its own right. In the FinTech space, partnerships are expanding among payment processors, blockchain developers, and digital banking innovators, each working together to enhance financial accessibility and bridge TradFi with DeFi. Meanwhile, the AI sector has seen collaborations between machine learning researchers, data scientists, and tech firms, aiming to push the boundaries of intelligent systems for applications like predictive analytics, automation, and personalized experiences. Moreover, the push for the decentralization of AI systems is making the rounds and LeoAI stands out on this front. This compilation explores recent partnerships within the FinTech and AI spaces. The featured articles are worth your reading time.
Visa and Coinbase Partner for Instant Crypto Buys with Debit Cards
Visa and Coinbase have formed a partnership to enable users in the U.S. and EU to instantly purchase, deposit, and withdraw cryptocurrencies using eligible Visa debit cards. This feature offers immediate access to funds and improved flexibility for crypto transactions. The Visa and Coinbase partnership also provides real-time transactions and seamless cash-out options for users, bridging the gap between traditional finance and blockchain technologies. With the partnership, Visa users with eligible debit cards can now buy crypto or cash out to their bank accounts, with real-time fund delivery depending on bank compatibility and region. Visa Direct network allows for real-time depositing of funds into Coinbase accounts, purchasing crypto with eligible Visa debit cards, and cashing out to bank accounts in real-time.
Archon Receives $20 Million in Funding to Improve Biotechnology Using AI
Archon Biosciences is a startup that implements new techniques using AI have received $20 million in funding to advance the development of "Antibody Cage" drugs. With the funding round of $20 million led by various firms, adding to $7 million offered by government agencies and institutes, Archon will be able to revolutionize biotechnology industry by creating more effective drugs using AI technology and protein "cages" to enhance efficacy. Archon will utilize AI for generative protein design, creating antibody cages known as AbCs, and implementing advanced tools for simulation and generative protein creation.
The Exponential Nature of the LeoAI Database
LeoAI, built on the Hive blockchain, demonstrates the importance of entity extraction and relationship connections within the web3 ecosystem. By extracting entities from data, forming relationship connections, utilizing a vector database, adjusting weighting for relevance, feeding data into LeoAI, enabling personalization, and pulling data based on criteria, LeoAI is preparing for the future of the Internet as AI agents become more prevalent. The LeoAI database is embedded with unique features and strengths is exponential, and will enable a great deal of personalization. To achieve all of this, feeding LeoAI is crucial for its success. How are you participating in the development of this decentralized AI tool?
Bitcoin Dominance Saturation
The rise of Bitcoin dominance is arguably one of the most obvious events in the crypto ecosystem. This bullish rise dates back to November 2022, when the market started to recover. This has a significant effect on the crypto markets and will continue to do so, alongside its potential impact on altcoins. A careful examination of Bitcoin dominance charts and observance of the potential scenarios for the future dominance of Bitcoin and altcoins is crucial for traders and potential investors to take position. How much do you know about Bitcoin Dominance?
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