The former boss of cryptocurrency trading giant Binance, Changpeng Zhao (better known as CZ), has released another update on how his new venture is progressing towards launch.
Among other things, CZ said he will need to implement AI tools to enable his company to produce its product – online courses.
CZ shares his AI plans
In his tweet, Zhao wrote that his “Giggle Academy” is progressing, although “not everything is linear.” The team is currently considering the best way to launch the first online lesson. Earlier, CZ wrote on X/Twitter that his educational start-up was considering giving free lessons, particularly English lessons.
Now, according to CZ, the team is debating what it should look like, which game engine should be involved, particular features and animations, etc. CZ admitted it was “startup mode” again, but he seems to be happy. about that.
CZ first announced his new business plan on March 19. He tweeted that it would be “free basic education (grades 1 to 12), for all. No income. Gamified. Adaptive.” He also said the company was hiring and the team would be small. Anyone hired would work directly with CZ.
In the tweet mentioned above, he said 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 a heavy prison sentence
As reported by U.Today, CZ was forced to resign as CEO of Binance due to the charges brought by the US Department of Justice against Binance and him personally. The charges related to violation of money laundering laws (specifically the Bank Secrecy Act).
Binance agreed to pay a whopping $4.3 billion fine, and CZ stepping down as CEO was part of the deal. However, CZ later pleaded guilty and initially faced a 10-year prison sentence. Later, this duration was extended to 18 years.
Immediately after announcing his resignation, CZ wrote on X/Twitter that he had no plans to start a new business. CZ said he would dabble in passive investing and could eventually become a token/minority shareholder in startups focused on blockchain, AI, biotech, or DeFi.