All articles tagged with #paradigm
Stripe and Paradigm announced the development of Tempo, a new layer 1 blockchain focused on stablecoins and global payments, aiming to enhance speed and efficiency in transactions without launching its own token, and involving notable partners like Anthropic, OpenAI, Deutsche Bank, and Shopify.
Paradigm has developed an AI-powered spreadsheet with over 5,000 AI agents in each cell, allowing users to automate data collection and processing with various AI models. The company recently launched publicly after a successful beta, raised $5 million in seed funding, and aims to redefine workflows with AI, positioning itself as more than just an AI-enhanced spreadsheet. It competes indirectly with other AI tools in the spreadsheet space and plans to expand its capabilities.
Stripe is developing a new high-performance, payments-focused blockchain called 'Tempo' in partnership with crypto VC Paradigm, aiming to enhance stablecoin technology and payment infrastructure, although details remain private and the project is currently in stealth mode.
WWE star Damian Priest, known for his recent win at WrestleMania 40, has signed with Paradigm for representation in various areas including books, acting, marketing, and more. Born in New York and raised in Puerto Rico, Priest began his wrestling career on the independent circuit and later joined WWE's NXT brand before moving up to the main roster in 2021. He has achieved significant success in WWE, including winning the United States Championship and leading The Judgement Day stable.
The testimony of Matt Huang, co-founder of Paradigm, at the trial of Sam Bankman-Fried suggests that the former crypto mogul defrauded investors. Huang testified that his firm was unaware of certain business practices at FTX, including the use of customer funds to support Bankman-Fried's hedge fund. Paradigm invested $278 million into FTX, but Huang stated that they have marked the investment down to zero. Huang's testimony supports the establishment of three out of four elements required to prove fraud. He also expressed concerns about FTX's lack of governance and resistance to having investors on the board.
Matthew Huang, co-founder of Paradigm, testified in court that Sam "SBF" Bankman-Fried, the founder of FTX, was resistant to having investors join the board of directors at FTX. Huang admitted to not conducting enough due diligence and relying heavily on information provided by Bankman-Fried. Concerns were raised about the lack of formal structure at FTX and potential preferential treatment given to Alameda Research, FTX's sister hedge fund. Huang also expressed concerns about Bankman-Fried's focus on Alameda instead of FTX, which could have impacted Paradigm's investment. Huang stated that if he had known about the alleged use of customer deposits for investment purposes, his decision to invest in FTX would have changed.