Dataconomy
  • News
    • Artificial Intelligence
    • Cybersecurity
    • DeFi & Blockchain
    • Finance
    • Gaming
    • Startups
    • Tech
  • Industry
  • Research
  • Resources
    • Articles
    • Guides
    • Case Studies
    • Glossary
    • Whitepapers
  • Newsletter
  • + More
    • Conversations
    • Events
    • About
      • About
      • Contact
      • Imprint
      • Legal & Privacy
      • Partner With Us
Subscribe
No Result
View All Result
  • AI
  • Tech
  • Cybersecurity
  • Finance
  • DeFi & Blockchain
  • Startups
  • Gaming
Dataconomy
  • News
    • Artificial Intelligence
    • Cybersecurity
    • DeFi & Blockchain
    • Finance
    • Gaming
    • Startups
    • Tech
  • Industry
  • Research
  • Resources
    • Articles
    • Guides
    • Case Studies
    • Glossary
    • Whitepapers
  • Newsletter
  • + More
    • Conversations
    • Events
    • About
      • About
      • Contact
      • Imprint
      • Legal & Privacy
      • Partner With Us
Subscribe
No Result
View All Result
Dataconomy
No Result
View All Result

Yahoo just hired a blockchain AI team to lead its new research group

Cymbal's co-founder and CEO, Eric Feng, will now head this new research group at Yahoo

byKerem Gülen
July 24, 2025
in Industry

Yahoo has launched a new research group focused on advancing AI and emerging technologies across its business portfolio. Eric Feng, co-founder and chief executive of blockchain tech startup Cymbal, will lead this group as his team has been acquired by Yahoo.

Cymbal, founded in 2022 by Feng, James Jerlecki, and Nick Chang, aimed to make blockchain data “understandable by anyone” through a “human-readable” blockchain explorer. The company cataloged data points from blockchain networks, initially Ethereum, then expanding to Solana and Base. It used AI to summarize and analyze this data, explaining real-time blockchain activity.

Cymbal’s AI allowed users to determine a wallet’s portfolio ranking, identify NFT purchase numbers on specific days, or find the largest sale in a collection within a week. It could also list top purchasers on a chain and their other token acquisitions. Feng stated in 2023, “The more you use Cymbal and our data, the more you ask us to explain the blockchain to you, the better our AI system will be at generating useful and intelligent insights to make web3 understandable.”

Stay Ahead of the Curve!

Don't miss out on the latest insights, trends, and analysis in the world of data, technology, and startups. Subscribe to our newsletter and get exclusive content delivered straight to your inbox.

The startup blended blockchain and AI technologies to enhance accessibility. Its team included individuals from consumer technology companies such as Meta, Microsoft, Hulu, and Flipboard, providing expertise for developing solutions to integrate web3 technology. Cymbal secured at least $18.5 million in venture funding from investors including Patron, GV, Acrew, First Round Capital, Eniac, Sixth Man Ventures, Solana Ventures, Coinbase Ventures, CAA Connect, and UTA Ventures. Financial terms of Yahoo’s acquisition were not disclosed. Cymbal’s website has since been reduced to a basic landing page.

Feng, leading Yahoo’s new Research Group, is tasked with developing “intuitive, intelligent, and forward-looking products” to enhance Yahoo’s competitiveness in the AI era. While the integration of Cymbal’s specific technology is not confirmed, opportunities exist for divisions like Yahoo Finance to leverage Cymbal AI for market insights, including cryptocurrency. This could utilize Yahoo Finance’s existing data. The Research Group’s work may also address the fluidity in the search market, as AI-powered browsers and Google’s AI Overview are altering traffic distribution to publishers, necessitating Yahoo’s embrace of AI to maintain its market position.


Featured image credit

Tags: Yahoo

Related Posts

EU says Facebook and Instagram violate the Digital Services Act

EU says Facebook and Instagram violate the Digital Services Act

October 24, 2025
Europe’s biggest aerospace players unite to build a SpaceX rival

Europe’s biggest aerospace players unite to build a SpaceX rival

October 24, 2025
Rivian layoffs cut 600 jobs as the company braces for R2 SUV launch

Rivian layoffs cut 600 jobs as the company braces for R2 SUV launch

October 24, 2025
YouTube paid B to music industry in past year

YouTube paid $8B to music industry in past year

October 24, 2025
OpenAI buys the team behind Sky, an unreleased AI interface for Mac

OpenAI buys the team behind Sky, an unreleased AI interface for Mac

October 24, 2025
Nvidia locks in 0 billion in AI deals with OpenAI, xAI and Intel

Nvidia locks in $120 billion in AI deals with OpenAI, xAI and Intel

October 24, 2025

LATEST NEWS

Is ChatGPT down again? Reports indicate ongoing outage

Path of Exile: Keepers of the Flame will be the Breach 2.0!

Google Meet now lets you move people in and out of meetings like a lobby

Sam Altman: AI will cause “strange or scary moments”

Anthropic gives Claude a real memory and lets users edit it directly

Nissan’s Sakura EV gets a solar roof that adds 1,800 miles a year

Dataconomy

COPYRIGHT © DATACONOMY MEDIA GMBH, ALL RIGHTS RESERVED.

  • About
  • Imprint
  • Contact
  • Legal & Privacy

Follow Us

  • News
    • Artificial Intelligence
    • Cybersecurity
    • DeFi & Blockchain
    • Finance
    • Gaming
    • Startups
    • Tech
  • Industry
  • Research
  • Resources
    • Articles
    • Guides
    • Case Studies
    • Glossary
    • Whitepapers
  • Newsletter
  • + More
    • Conversations
    • Events
    • About
      • About
      • Contact
      • Imprint
      • Legal & Privacy
      • Partner With Us
No Result
View All Result
Subscribe

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Policy.