AI Plans for New Business Venture Shared by Former Binance Boss CZ

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CZ, the ex-boss of Binance, the well-known cryptocurrency trading company, has given an update on the progress of his latest business project, which is getting closer to launch.

CZ mentioned that integrating AI technologies is essential for his company to create their offerings – virtual classes.

yeah, will have to include many AI assisted features.— CZ 🔶 BNB (@cz_binance) April 11, 2024

CZ shares his AI plans

Zhao posted on Twitter that his “Giggle Academy” is advancing, but not strictly following a set path. At present, the crew is engaged in intensive discussions about the most effective method for debuting the initial online session. Previously, CZ expressed on Twitter/X that his educational venture aims to provide complimentary classes, focusing specifically on English instruction.

Currently, as stated by CZ, the team is engaged in discussions regarding the project’s appearance, the suitable game engine, and arguments over specific features and animations. CZ acknowledged this phase as “start-up mode” once more and expressed his delight with it.

One possible paraphrase for “making progress, but not all linear” could be “moving forward with some twists and turns.” As for the second part, instead of “we are struggling to make the first lesson,” you could say “the creation of the first lesson is proving to be a challenge,” or “we’re encountering obstacles in designing the initial lesson.” Regarding the debates, you might paraphrase as “there are ongoing discussions about the format, tools, and elements of the lesson,” or “decisions need to be made regarding the gaming engine, features, animation, and interactions for the lesson.” Overall, it seems like the start of this project is bringing back memories of the early stages, filled with uncertainty and excitement.— CZ 🔶 BNB (@cz_binance) April 11, 2024

On March 19, CZ unveiled his latest business endeavor through a tweet. He described it as “Complimentary education for grades 1-12, open to all. No income generated. Infused with gamification and personalized adaptation.” Additionally, he shared that the team was expanding, with new hires joining a compact workforce. These newly appointed individuals would collaborate closely with CZ himself.

In the mentioned tweet, he stated that they’ve employed sufficient skilled teachers for producing digital educational material. However, they are in search of additional developers for “Giggle Academy.”

CZ faces big prison term

According to U.Today’s news, Changpeng Zhao (CZ) resigned as CEO of Binance following allegations by the US Department of Justice. These accusations involved Binance and CZ personally, claiming they broke anti-money laundering regulations, specifically the Bank Secrecy Act.

Binance reached an agreement to pay a massive fine totaling $4.3 billion, with CZ stepping down from his CEO position being a condition of the deal. Yet, at a later stage, CZ admitted guilt and initially faced the possibility of serving a 10-year prison sentence. However, this sentence was subsequently increased to a term of 18 years.

After making public his resignation, CZ mentioned via Twitter/X that he had no intentions of starting a new business right away. Instead, he expressed interest in engaging in passive investing and potentially holding minority stakes in emerging businesses specializing in blockchain technology, artificial intelligence, biotech, or Decentralized Finance (DeFi).

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2024-04-11 16:26