Stablecoin issuer Paxos downsized its workforce by 20% despite robust finances and optimistic growth projections in the stablecoin market, Bloomberg reported on June 12.
Stability AI, known for its image generation platform Stable Diffusion, will now be led by Prem Akkaraju as its new CEO, according to a Monday report from The Information. Akkaraju is the former CEO of visual effects company Weta Digital.