AI Plans for New Business Venture Shared by Former Binance Boss CZ
04/11/2024 20:12
Former chief of Binance says he will be using artificial intelligence to kickstart his new business
Former boss of the cryptocurrency trading giant Binance, Changpeng Zhao (widely known as CZ) has published another update on how his new business venture is advancing towards the start.
Among other things, CZ shared that he will need to implement AI tools to let his company produce its product – online lessons.
yeah, will have to include many AI assisted features.
— CZ 🔶 BNB (@cz_binance) April 11, 2024
CZ shares his AI plans
In his tweet, Zhao wrote that his “Giggle Academy” is making progress, although “not all linear.” The team is currently busy brainstorming the best way to launch the first online lesson. Earlier, CZ wrote on Twitter/X that his education startup plans to give free education classes, and English lessons in particular.
Now, according to CZ, the team are having debates as to what it should look like, what game engine should be involved, debates on particular features and animation, etc. CZ admitted that this is “start up mode” again and he seems to be happy about this.
"making progress", but not all linear. 😂 Also true, we are "struggling" to make the first lesson. Lots of debates on what it should look like, what gaming engine to use, features, animation, interactions to include, or not. Start up mode all over again. Like good old times. https://t.co/Ihp4pses05
— CZ 🔶 BNB (@cz_binance) April 11, 2024
CZ first announced his new business project on March 19. He tweeted that it would be “Free basic (grade 1-12 ish) education, for all. No revenue. Gamified. Adaptive.” He also then said the company was hiring and the team would be small. Anyone hired would work directly with CZ.
In the above-mentioned tweet, he shared that they have already hired enough talented teachers who can create digital content. But they still need more developers for the “Giggle Academy.”
CZ faces big prison term
As reported by U.Today, CZ was forced to step down from his Binance CEO position due to the charges made by the US Department of Justice against Binance and him personally. The charges were about violating money laundering laws (the Bank Secrecy Act in particular).
Binance agreed to pay a staggering fine of $4.3 billion and CZ leaving his CEO post was part of the deal. However, later CZ pleaded guilty and first faced a likelihood of getting 10 years in prison. Later, this term was extended to 18 years.
Immediately after announcing his resignation, CZ wrote on Twitter/X that he did not have any plans to start a new business. CZ said he would get into passive investing and would possibly become a minority token/shareholder in startups that focus on blockchain, AI, biotech or DeFi.