Axios

HEX and its related cryptocurrencies are among those projects that most people in the blockchain world have found embarrassing for a very long time.

Driving the news: Monday, four years after HEX first went live, the U.S. Securities and Exchange Commission charged its creator Richard Schueler for conducting unregistered offerings, and with fraud in connection with another project, PulseChain.

NBA 2K and Grand Theft Auto publisher Take-Two Interactive is paying its two top executives $72,350,718 this year — a number that could go far higher based on some factors, including an uptick in player microtransaction spending.

Driving the news: The pay, disclosed in Take-Two's annual proxy filing to shareholders and offered as a mix of cash and stock, is more than double the execs' 2022 compensation of $30,040,000.

Jenova Chen has had a clear professional goal for more than a decade: get the world to take video games seriously — to see them, simply, as the ultimate art form.

Why it matters: For Chen and some other creators and players, gaming's rep among many people as a frivolous pastime provokes a strong counter-response.

Google plans to overhaul its Assistant to focus on using generative AI technologies similar to those that power ChatGPT and its own Bard chatbot, according to an internal e-mail sent to employees Monday and seen by Axios.

Why it matters: The move will change how Assistant works for consumers, developers and Google's own employees, with the company — for now — supporting both new and old approaches.

Fidelity Investments increased the carrying value of its Twitter/X shares by nearly 11% during the month of June, according to new disclosures.

Why it matters: This is the second straight month of X markups by Fidelity, after it marked down the shares or kept them flat during the first six months of Elon Musk's ownership.

As tech companies begin to weave AI into all their products and all of our lives, the architects of this revolutionary technology often can't predict or explain their systems' behavior.

Why it matters: This may be the scariest aspect of today's AI boom — and it's common knowledge among AI's builders, though not widely understood by everyone else.