BusinessStartupsTechnology

Aave Labs Expands DeFi Reach with Strategic Acquisition of Stable Finance

Aave Labs has acquired stablecoin savings platform Stable Finance in a strategic move to expand its DeFi offerings. The acquisition brings Stable’s engineering team and technology to Aave, accelerating development of consumer-focused financial products.

Strategic Acquisition in DeFi Space

Aave Labs, the company behind the prominent decentralized finance protocol, has reportedly acquired Stable Finance according to recent announcements. Sources indicate this strategic move aims to accelerate Aave’s expansion into consumer-facing DeFi products while leveraging Stable Finance’s expertise in stablecoin savings applications.

CybersecuritySoftwareTechnology

i2c Gains Visa Certification as Global Click to Pay Processor, Boosting E-commerce Security

i2c Inc. has achieved Visa certification as the first global issuer processor for Click to Pay technology. The integration enables streamlined checkout experiences with significant fraud reduction and improved authorization rates across multiple regions through a single implementation.

Visa Certifies i2c as First Global Click to Pay Processor

Payment technology platform i2c Inc. has reportedly become the first global issuer processor certified by Visa for Click to Pay functionality, according to recent announcements. This certification enables i2c clients to integrate the EMVCo standard across multiple regions through a single implementation, sources indicate.

BusinessGaming

Former GTA Producer’s Studio Faces Backlash After $270 Million Game Flops

Leslie Benzies, former Grand Theft Auto producer, invested heavily in his new studio Build a Rocket Boy only to see its debut title MindsEye receive scathing reviews. Sources indicate development was hampered by what employees called “Leslie tickets” – sudden directive changes that disrupted production. The game reportedly cost $270 million to develop but earned a dismal 34 Metacritic score.

From GTA Success to Development Struggles

Leslie Benzies, the former Grand Theft Auto V producer renowned for his work on the blockbuster franchise, has seen his post-Rockstar venture stumble dramatically with the release of MindsEye, according to reports. After departing Rockstar Games in 2016 amid royalty disputes, Benzies assembled Build a Rocket Boy with significant funding and industry talent. Despite these advantages, sources indicate the studio’s debut title has become one of the most notable failures in recent AAA video game history.

AIBusiness

Blackstone President Warns of AI’s ‘Profound’ Industry Disruption Potential

Blackstone President Jonathan Gray has directed investment teams to address AI risks upfront in all memos, calling the technology’s disruptive potential “profound.” The warning comes as investors reportedly focus on bubble concerns while underestimating AI’s capacity to demolish legacy businesses across multiple sectors.

Investment Giant Sounds Alarm on AI Disruption

Blackstone President Jonathan Gray has issued a stark warning about artificial intelligence’s potential to render entire industries obsolete, according to reports from the Financial Times. Speaking at the FT’s Private Capital Summit in London, Gray revealed he has directed the firm’s credit and equity teams to address artificial intelligence implications on the first pages of all investment memos, signaling the technology’s critical importance in risk assessment.