Despite some high-profile departures in crypto, executive turnover there is not much different than other industries, according to data from an international executive search firm.
The big picture: Where some former executives go next, however, represents how the crypto industry as evolved, with abounding opportunities in Washington and in more historically traditional sectors.
EquityZen, a New York-based marketplace for startup equity, last week laid off 27% of its 110-person workforce, Axios has learned and the company confirmed.
Why it matters: EquityZen significantly grew its team last year as the market boomed, but now is adjusting to much less demand from accredited investors (its primary customers) for startup stocks.
A new art exhibition in San Francisco showcases some of the unique ways that artists have begun to incorporate Dall-E 2, GPT-3 and other AI systems into their work — efforts that go well beyond just typing some text and seeing what pops out.
Why it matters: The exhibit, "Artificial Imagination," comes amid a broad debate over the legal and artistic merits of AI-created art, as well as concerns that more powerful computers could take jobs away from humans.
It's been just two days since Elon Musk officially bought Twitter. Already, the billionaire businessman is using the platform to spread misinformation to his 112 million followers — about the biggest U.S. news of the weekend.
Driving the news: Early on Sunday, Musk cited a widely discredited website that implied the brutal attack on House Speaker Nancy Pelosi's husband, Paul, wasn't carried out by an unhinged far-right blogger — but rather was linked to an anti-LGTBQ "theory" about a skirmish at a local bar.
After firing much of Twitter's senior management team, Elon Musk now plans to cut up to 30% of staff in certain departments, beginning this weekend, sources told Axios.
Why it matters: Musk's breakneck pace shows his determination to reshape Twitter's organization but could also result in chaos inside the company.
