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Crypto

Citi reveals stablecoin payment and fiat settlement structure linked to Coinbase

Citi has revealed a stablecoin payment and fiat-currency settlement structure linked to Coinbase. The system prioritises the U.S. market and is designed to allow institutional merchants to receive payments in fiat without holding digital assets. Even if a buyer pays in stablecoins, the seller ultimately receives fiat currency. Details released so far are limited, and plans to expand beyond the United States have not been specified.

AI & Enterprise

Cisco unveils new chip and optical modules to ease AI datacentre network bottlenecks

Cisco has unveiled a new chip and optical modules designed to ease network bottlenecks in AI data centres. At the Open Compute Project Global Summit, it presented open silicon and optical networking systems and outlined a “scale-across” architecture to link distributed AI data centres. Cisco also introduced an ultra-high-density detachable optical module built with Nvidia and announced the Cisco 8001 out-of-band management system and a new SONiC version with Live Protect.

AI & Enterprise

OpenAI's shelved Sora may return as AI for filmmakers

OpenAI is negotiating to transfer its discontinued video-generation AI, Sora, to a startup, The Information reported on Sunday. The startup is developing AI video technology for filmmakers and plans to improve Sora and sell related software or services. The unnamed company was founded months ago by Jeffrey Katzenberg, former Sora research lead Bill Peebles and former Dropbox CFO Sujay Jaswa. It is unclear whether Sora’s model weights would be included. OpenAI would receive an equity stake if a deal is completed.