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Space Startup Wants to Deliver Cargo Anywhere on Earth in One Hour
Gaming Gear

Space Startup Wants to Deliver Cargo Anywhere on Earth in One Hour

by admin October 4, 2025



A new kind of delivery system is being set up in low Earth orbit. Inversion Space, a relatively small space startup founded in 2021, is prepping its space-based delivery vehicle for flight. The reusable spacecraft is designed to drop off cargo from space to Earth on a tight schedule, building a constellation of on-demand vehicles parked in orbit.

This week, Inversion unveiled its flagship Arc vehicle, a 4-foot wide, 8-foot tall spaceplane, cargo capsule hybrid capable of carrying 500 pounds (225 kilograms) of supplies. The California-based startup is aiming to launch Arc by the end of 2026, building on the lessons learned from the inaugural mission of its demo vehicle earlier this year.

Space delivery

The idea behind building Arc is not just providing access to space, but rather being able to deliver cargo from orbit to anywhere on the planet within an hour’s time. The autonomous vehicle will launch to low Earth orbit, where it will be positioned there to store cargo for up to five years.

When needed, Arc is built to reenter through the atmosphere and land on Earth using parachutes. The spacecraft is equipped with a deorbit engine and an autonomously maneuverable parachute to help it make its way down to the surface. It’s built to withstand hypersonic speeds, capture and deploy assets, as well as rendezvous with other spacecraft in orbit.

Inversion’s vision is to be able to deploy a constellation of its reusable vehicles in orbit, and return them to Earth based on the needs of its customers. The company is specifically targeting military payloads, hoping the U.S. military can make good use of the vehicle’s speediness at returning to Earth. “Arc reshapes defense readiness by enabling access to anywhere on Earth in under an hour – allowing for the rapid delivery of mission-critical cargo and effects to austere, infrastructure-limited, or denied environments,” Inversion Space wrote on X. “This capability establishes space as a new global logistics domain, introducing unprecedented speed, reach, and resiliency for national security.”

Inversion launched its first vehicle in January as part of SpaceX’s Transporter-12 rideshare mission. The spacecraft, named Ray, was a demonstration of the company’s new technologies, testing its in-orbit systems and reentry capabilities. The mission was mostly a success, but Ray experienced a propulsion malfunction that hindered its ability to reenter through Earth’s atmosphere.

“Our first spacecraft, Ray, has completed its mission on-orbit – serving as an extremely successful testbed for validating key technologies despite not attempting re-entry due to an on-orbit short circuit in a component preventing our deorbit engine from igniting,” the company wrote in a statement.

The company notes that nearly all systems on board the spacecraft were built in-house with a small team of 25 people. Inversion may be a newcomer to the space industry, but the startup is aiming to build hundreds of its vehicles per year and establish a constellation of cargo reentry spacecraft by 2028.



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October 4, 2025 0 comments
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Coinbase, Sony and Samsung Back $14.6M Round for Stablecoin Startup Bastion

by admin September 24, 2025



Stablecoin infrastructure startup Bastion has raised $14.6 million in a new funding round led by Coinbase Ventures, the company said in a press release shared with CoinDesk, bringing its total funding to over $40 million.

Bastion builds white-label stablecoin systems that let companies issue digital dollars without writing code or applying for regulatory licenses. The round included participation from the venture arms of Sony and Samsung, as well as Andreessen Horowitz’s crypto division and Hashed.

The startup is led by Nassim Eddequiouaq, a former Meta and a16z crypto executive who worked on Libra, Meta’s now-defunct stablecoin project. Eddequiouaq said Bastion’s product suite goes beyond simple issuance: it includes wallets for users and off-ramps that allow conversion to cash in over 70 countries.

The valuation of this latest funding round wasn’t revealed, and the company raised $25 million back in 2023 in a round led by a16z crypto.

The company said it’s seeing particular traction in Asia, where demand from enterprise customers is rising. The fresh funding will support product expansion and hiring. Bastion has also recently added new leadership across compliance, treasury, legal and revenue, the company said.

That positions Bastion to compete with firms like Paxos and newer players like Agora. The firm declined to name which corporations are currently using its platform, but Eddequiouaq said announcements are coming within the next nine months.

The funding comes amid a broader stablecoin boom. Stripe recently acquired stablecoin startup Bridge for $1.1 billion, USDC issuer Circle went public over the summer, while leading stablecoin issuer Tether is reportedly looking to raise up to $20 billion at a valuation that could be as high as $500 billion.

UPDATE (Sept. 24, 13:58 UTC): Updated story to add that Bastion said it’s seeing traction in Asia and details the use of funds.



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September 24, 2025 0 comments
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NFT Gaming

Crypto VC Firm Archetype Launches $100M Fund to Back Early Blockchain Startup

by admin September 24, 2025



New York-based venture capital firm Archetype has raised $100 million for its third fund aimed at backing early-stage blockchain startups, the firm said.

The fund, called Archetype III, is supported by a mix of existing and new institutional investors, including pensions, academic endowments, sovereign wealth funds, and funds of funds.

“Running a concentrated $100M fund lets us be extremely selective and high-conviction with each team,” Ash Egan, founder and general partner of Archetype, told CoinDesk in an email. “We operate with a single goal — to ensure crypto teams are positioned to win by building deep rapport with founders in a way that mega funds structurally cannot.”

Archetype has a track record of early bets that paid off. Privy, a crypto wallet startup in its portfolio, was acquired by Stripe earlier this year.

Another investment, US Bitcoin Corp, completed a merger with Hut 8, a move that brought the company into a joint venture tied to Eric Trump’s American Bitcoin project.

The firm currently manages around $350 million in assets, including sizable stakes in Solana and Ethereum, according to the document.

While specific investments from the new fund haven’t been disclosed, Archetype said several deals have already been made. The firm plans to focus on founders building real-world use cases that could bring crypto to broader consumer markets.

Egan, commenting on potential barriers still holding back cryptocurrency adoption, told CoinDesk there’s “no silver bullet for mainstream crypto adoption, but the end game is to deliver products that are at parity with their Web2 alternatives while making them better aligned with users and creators.”

Still, he added, the firm works “shoulder to shoulder with our founders, we spend hours on end studying how new behaviour and technologies can be packaged into the best experiences for everyday users.”

UPDATE (Sept. 23, 2025, 19:17 UTC): This article has been updated with comments from Ash Egan, founder and general partner of Archetype.



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September 24, 2025 0 comments
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Decrypt logo
Crypto Trends

AI Is Now Way Better at Predicting Startup Success Than VCs

by admin September 19, 2025



In brief

  • Oxford–Vela researchers created VCBench to test if AI can predict startup success.
  • GPT-4o, DeepSeek-V3, and others outperformed Y Combinator and top VCs.
  • The study suggests that LLMs could become powerful early-stage investing tools.

Could GPT-4 have spotted Airbnb in 2008—or Figma in 2012—before the pros did?

A new paper from researchers at the University of Oxford and Vela Research suggests that large language models are already better at picking winners than most early-stage investors. In a field notorious for pattern-matching and warm intros, the prospect of AI surfacing promising founders earlier—without knowing their names—could be a game-changer.

If models like GPT-4o can even modestly improve hit rates, then they could become must-have tools in every firm’s deal-sourcing stack, and might even make startup investing a little more meritocratic.



The research paper,  “VCBench: Benchmarking LLMs in Venture Capital,” introduces VCBench, the first open benchmark designed to test whether AI can forecast startup success before it happens. The team built a dataset of 9,000 anonymized founder profiles, each paired with early-stage company data. About 810 profiles were labeled as “successful”—defined as achieving a major growth milestone like an exit or IPO—giving the models a sparse but meaningful signal to train on.

Crucially, the researchers scrubbed the dataset of names and direct identifiers so the models couldn’t simply memorize Crunchbase trivia. They even ran adversarial tests to ensure that LLMs weren’t cheating by re-identifying founders from public data, reducing re-identification risk by 92 percent while preserving the predictive features.

When put to the test, the models did better than most human benchmarks. The paper notes that the “market index”—essentially the baseline performance of all early-stage VC bets—achieves just 1.9% precision, or one winner in 50 tries. Y Combinator does better at 3.2%, roughly 1.7 times the market, and tier-1 VC firms hit about 5.6%, roughly doubling that again.

Large language models, however, blew past this baseline.

For instance, DeepSeek-V3 delivered more than six times the precision of the market index, while GPT-4o topped the leaderboard with the highest F0.5 score, balancing precision and recall. Claude 3.5 Sonnet and Gemini 1.5 Pro also beat the market handily, landing in the same performance tier as elite venture firms.

In other words, nearly every frontier LLM tested did a better job of identifying likely winners than the average VC—and several models matched or exceeded the predictive power of Y Combinator and top-tier funds.

The researchers have released VCBench as a public resource at vcbench.com, inviting the community to run their own models and publish results. If the leaderboard fills with LLMs outperforming the market, then it could reshape early-stage investing. A world where founders are discovered by AI agents trawling LinkedIn rather than cold-emailing partners might not be far off.

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A weekly AI journey narrated by Gen, a generative AI model.



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September 19, 2025 0 comments
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MoonPay to Buy Startup Meso to Expand Crypto Payments Further

by admin September 16, 2025



Crypto-focused financial technology company MoonPay is set to acquire payments startup Meso.

The acquisition, first reported by Bloomberg on Monday, was confirmed by MoonPay in a post on X.

No financial details of the acquisition nor an estimated timeframe were provided.

“We’re excited to share that MoonPay has acquired Meso to help us build crypto’s largest global payments network,” the company wrote.

Meso’s co-founders Ali Aghareza and Ben Mills, formerly of PayPal and Venmo respectively, will join MoonPay as new chief technology officer and senior vice president of product, the firm added.

MoonPay sees itself as an infrastructure provider for the wider crypto and Web3 industry, whereby other companies can plug MoonPay into their products, akin to Stripe in the traditional payments world.

In a similar vein to its Meso acquisition, MoonPay acquired Solana-powered crypto payment processor Helio for $175 million in January.



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September 16, 2025 0 comments
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FuriosaAI's RNGD
Gaming Gear

Korean startup FuriosaAI, which turned down Meta’s buyout, partnered with OpenAI for sustainable AI demo

by admin September 15, 2025



  • FuriosaAI and OpenAI ran a chatbot in Seoul demo using custom RNGD chips
  • The Korean startup rejected Meta’s $800 million buyout offer earlier this year
  • Demonstration showed enterprise AI models can run sustainably without GPUs

FuriosaAI and OpenAI recently held a joint demonstration in Seoul, South Korea, at the opening of OpenAI’s new office, showing the open-weight gpt-oss 120B model running on FuriosaAI’s hardware.

The demonstration (which you can watch below) featured a real-time chatbot powered by two of FuriosaAI’s RNGD accelerators (pronounced “Renegade”), the company’s flagship AI inference chip.

The model was run using MXFP4 precision, a format which lowers energy consumption while maintaining the accuracy needed for enterprise use.


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FuriosaAI was the only hardware company invited to take part in the event and the setup demonstrated that large-scale open-source models can operate within the power budgets of standard data centers, without the heavy energy costs and infrastructure requirements often associated with GPUs.

Founded in 2017 by Chief Executive June Paik, FuriosaAI specializes in AI chip design and employs around 140 staff. More than 90 percent are developers, including engineers with experience at Google, Qualcomm, and Samsung.

The company’s RNGD flagship product was first presented at Hot Chips 2024.

It is a high-performance AI inference chip built on TSMC’s 5nm process, with dual HBM3 memory, and based on FuriosaAI’s Tensor Contraction Processor architecture.

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The design improves efficiency by maximizing parallelism and reducing unnecessary computation.

FuriosaAI recently secured a $125 million Series C bridge funding round and signed a partnership with LG AI Research.

The company’s hardware has already been used in enterprise deployments and tested for efficiency and reliability.


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The startup has also drawn interest from global technology firms. We reported back in April that Meta had made an $800 million (1.2 trillion won) offer for the firm.

FuriosaAI rejected the acquisition, despite it being roughly $300 million dollars over the startup’s estimated market value, because it disagreed with the planned direction post-acquisition.

Industry observers say the Seoul demonstration points to the increasing importance of specialized hardware as AI models continue to grow in size and complexity.

With energy and infrastructure costs continuing to soar, startups like FuriosaAI are pushing their chips as an affordable solution that fits within enterprise budgets.

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September 15, 2025 0 comments
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Justin Sun, founder of Tron
Gaming Gear

Crypto Bros’ ‘Startup Nation’ Wants to Plant a Flag on an Asteroid

by admin August 26, 2025


The “Network State” movement, described by its detractors as a “cult,” is an ideological movement that seeks to create privately owned, anarcho-capitalist, “autonomous” communities. One such community, the Republic of Liberland, recently made two announcements that its denizens seem to think are quite exciting: 1) Liberland has a new “prime minister” in the form of crypto billionaire Justin Sun, and 2) the bold explorers of Liberland plan to express their collective spirit of adventure by planting a flag on an asteroid.

First, the Sun thing. Sun, who is the founder of the Tron blockchain and is so rich that he once bought (and ate) a $6 million banana, was actually voted in as Liberland’s PM last October. Since then, it’s not entirely clear what Sun has been doing, although the community appears to be pushing for greater legitimacy and political influence. Liberland, whose community was originally founded in 2015, actually lays claim to an area of physical land between the borders of Serbia and Croatia, although Croatian border police are, according to Wired, not known to recognize the settlement. Its community is tied together largely by libertarian sentiments and an affinity for crypto. Wired writes:

Over the years, Liberland has been funded in large part by wealthy crypto donors, attracted by the prospect of a state built around the same libertarian principles on which crypto was founded. Liberland has itself released two crypto coins—one as a medium of exchange and the other for voting in elections—and developed its own national blockchain.

Alternative economic systems may be an overarching theme, but lately, Liberland’s biggest priority seems to be launching its brand into outer space. This brings me to the fledgling country’s other exciting development: its mission to plant a flag on an asteroid.

To be clear, Liberland has already planted a flag in space—although the flag sounds like it may have been more akin to an NFT than an actual flag. Indeed, according to the micro-nation’s website, a version of its flag was planted on the moon in March by a mission flown by Firefly Aerospace, an American rocket company. However, the flag is described as being “part of a digital artifact collection housed within the LifeShip Pyramid.” Not familiar with the LifeShip Pyramid? It’s a “specially designed capsule ensuring its [contents] preservation in the Moon’s harsh environment.” LifeShip, itself, is a company whose primary service is to collect a swab of your saliva, extract your DNA, and then send it to the moon.

Stop me when your brain starts hurting.

Anyway, the “digital artifact collection” thing makes Liberland’s moon flag sound somewhat dubious, but the country also has another lunar mission scheduled to occur at some point in the next few months: “A second lunar mission is scheduled later this year, again carrying a physical Liberland flag to reinforce our symbolic mark on the Moon,” the nation’s website says. The nation also has plans to plant a flag on an asteroid. “Liberland is embarking on its most daring adventure yet: a commercial Lifeship mission to a near-Earth asteroid,” the website says. “On this mission, the Liberland flag—bearing engravings of citizen names—will travel into deep space, marking the first commercial asteroid mission to carry a national flag, and highlighting our pioneering spirit.”

If all of this sounds really cool to you, there’s still a chance for you to get your name engraved on that asteroid flag by giving Liberland money (registered residents can qualify if they donate $2k to the cause), or, if you’re not a Liberland denizen, by registering to be one by September 4th. Gizmodo reached out to Sun and the Free Republic of Liberland for more information.

The Liberlanders’ website makes them seem almost cute in their preoccupations with bloodless (largely digital) colonialism, but there’s a sense beneath it all that these are people with way too much money and time on their hands. Indeed, planting a flag on an asteroid actually sorta seems like a good metaphor for the Network State movement writ large—a symbolically laden but rather pointless activity that will cost a lot of money and be logistically near-impossible to achieve.



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August 26, 2025 0 comments
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OpenAI Is Poised to Become the Most Valuable Startup Ever. Should It Be?
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OpenAI Is Poised to Become the Most Valuable Startup Ever. Should It Be?

by admin August 20, 2025


OpenAI is reportedly on the verge of a roughly $500 billion valuation, a figure that would make it the most valuable private company in the world—bigger than SpaceX, TikTok’s parent company Bytedance, and even public giants like Palantir. It’s a staggering number for a company with an “astronomical burn rate.” How is this even possible?

As Axios reports, there are actually two deals in play: a SoftBank-led round valuing the company at $300 billion, which won’t close until year’s end, and a secondary sale of employee shares at a far steeper $500 billion valuation. Most of the cheaper shares have already been snapped up, leaving investors to fight over the pricier ones.

One OpenAI investor—who spoke on the condition of anonymity, citing an NDA—compared it to the dawn of the internet. “We’re in one of the biggest technology shifts [in history],” the investor tells me. “The outcomes continue to get bigger than people think.”

The investor argues that the math for investing at the $500 billion valuation is straightforward: Hypothetically, if ChatGPT hits 2 billion users and monetizes at $5 per user per month—“half the rate of things like Google or Facebook”—that’s $120 billion in annual revenue.

“That alone would support a trillion-and-a-half-dollar company, which is a pretty good return, just thinking about ChatGPT,” the investor says. “It doesn’t include all the rest of the stuff they’re working on, all the enterprise stuff, all the agentic stuff, all of the work they’re doing on hardware.”

Trillions of Dollars

The $5 figure is, admittedly, back-of-the-envelope math. Today, ChatGPT has 700 million weekly active users—and fewer than 10 percent of them pay for it.(OpenAI declined to comment on this figure.) The investor’s projections are ambitious, and they seem to discount the threat of major players like Google or Meta eating OpenAI’s lunch. “The half-a-trillion-dollar question now is, to what extent will OpenAI be able to retain the customers it has acquired, and simultaneously be able to bring its costs to a point where it can, in fact, monetize at [hypothetically] $5 per user per month,” says Arun Sundararajan, a professor at New York University’s Stern School of Business.

The bet here is that OpenAI is the next Facebook or Google. For investors buying in at $500 billion, “they’re expecting an IPO above a trillion in two to three years, otherwise the rate of return does not justify the investment,” says Glenn Okun, who’s also a business professor at NYU. That would mean leaping into the top 10 most valuable public companies in the world almost overnight. The investor says they have a longer time horizon than that, but “of course an IPO is the most sensible path given the scale of the company.” Though the investor admits, yes, the company would need to be valued at more than $1 trillion to make the investment worthwhile.

Stranger things have happened—particularly to OpenAI. In the first seven months of 2025, the company doubled its projected annual revenue to $12 billion, which suggests OpenAI is bringing in about $1 billion per month. Enterprise adoption has surged, too, reaching 5 million paying business users this month. Not to mention what potential advertising revenue could do to its bottom line. To the investor, these are signs of a company with the momentum to win: “People don’t like unprecedented things, because most people like to pattern-match,” the investor says. “Everything this company has done has been unprecedented, from the pace of its revenue growth to the AI technology.”



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August 20, 2025 0 comments
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