🚀 Whales Market Founder Addresses Gm.ai Management Issues And Investor Compensation Plan
#WhalesMarket #gmAI #InvestorCompensation #ManagementIssues #Blockchain #TokenRelease #ProductMarketFit #Dexter #Transparency #Refunds #PublicWallet #AIProject
According to Odaily, Whales Market founder Dexter released a statement on X addressing the management issues and future plans for gm.ai. Dexter acknowledged a series of mismanagement, errors, and unfortunate timing, with poor team communication being a significant factor. He emphasized the team's responsibility and commitment to providing a complete path for investors. Dexter clarified that all funds raised from investors were used for development, and the team has rarely sold any team tokens from these projects, which can be verified on-chain. He also mentioned instances where they refunded seed investors out of their own pockets when a project failed. Dexter stressed that these points are not excuses for gm.ai's shortcomings but a glimpse into their past actions, highlighting their intention never to deceive anyone. He assured that neither the team nor the founders have cashed out or 'exit scammed' any presale funds for gm.ai. To address the issue better, they plan to transfer the remaining presale funds to a public wallet at some point during the compensation process. The presale took place in March, during a peak hype period, which was a double-edged sword. After the presale, the team spent five months trying to deliver on their promises, including building an AI project and a potential SOL product ecosystem. They developed AnotherUs, Intent.Trade, gm.fun, and the core gm model driving these efforts. However, none of these products achieved Product-Market Fit (PMF), which is one reason for the delayed token release. Dexter admitted the team faced immense pressure and hesitated, describing the token issuance as a 'trash show.' He refuted claims that they took the money and did nothing. Looking ahead, Dexter mentioned that they have some options to partially compensate GM investors for their losses and will share full details this Friday.#WhalesMarket #gmAI #InvestorCompensation #ManagementIssues #Blockchain #TokenRelease #ProductMarketFit #Dexter #Transparency #Refunds #PublicWallet #AIProject
🚀 Aizel Network's Official Account Compromised, Users Warned
#AizelNetwork #CyberSecurity #AccountCompromise #UserSafety #Blockchain #AIProject #TokenWarning
According to Foresight News, the official X account of the on-chain AI project Aizel Network has been compromised. The team is currently working to recover the account. Users are advised to be cautious of any content posted by the account at this time. They should not trust any token-related information or click on suspicious links or engage in dubious activities.#AizelNetwork #CyberSecurity #AccountCompromise #UserSafety #Blockchain #AIProject #TokenWarning
🚀 Japan to Launch Major AI Development Project with Private Sector Collaboration
#Japan #AIdevelopment #PrivateSectorCollaboration #SoftBank #FoundationalAI #NationalAI #ArtificialIntelligence #TechInnovation #IndustrialCompetitiveness #NationalSecurity #JapaneseGovernment #AIProject #AIinJapan #TechStrategy
According to PANews, the Japanese government is set to collaborate with the private sector on a significant initiative to develop a national artificial intelligence system valued at approximately 3 trillion yen (around $19 billion). The project is expected to commence in the spring of next year, with SoftBank Group and over ten other Japanese companies forming a new company to create Japan's largest foundational AI model. Spearheaded by SoftBank Group, the new company will bring together around 100 experts selected through corporate competitions, including engineers from SoftBank and developers from Preferred Networks. The Japanese government has highlighted the direct impact of artificial intelligence on industrial competitiveness and national security, noting that excessive reliance on foreign technology poses strategic risks, which is one of the reasons for launching this initiative.#Japan #AIdevelopment #PrivateSectorCollaboration #SoftBank #FoundationalAI #NationalAI #ArtificialIntelligence #TechInnovation #IndustrialCompetitiveness #NationalSecurity #JapaneseGovernment #AIProject #AIinJapan #TechStrategy
🚀 Shiba Inu Developer Shytoshi Kusama Announces New AI Project
#ShibaInu #ShytoshiKusama #AIProject #Cryptocurrency #SHIB #AstraNova #Blockchain #CryptoNews #TechInnovation #CommunityUpdate
Shiba Inu's lead developer, Shytoshi Kusama, has returned from a short break to unveil a new independent AI initiative focused on family legacy and reparations. According to NS3.AI, this project operates outside the Shiba Inu ecosystem. Despite this new direction, Kusama continues to be involved with SHIB, as demonstrated by his recent promotion of the Astra Nova collaboration within the Shiba Inu community. The community is experiencing mixed reactions to Kusama's focus, balancing their anticipation for updates on SHIB with curiosity and concern regarding his ambitions beyond the cryptocurrency realm.#ShibaInu #ShytoshiKusama #AIProject #Cryptocurrency #SHIB #AstraNova #Blockchain #CryptoNews #TechInnovation #CommunityUpdate