AI
Artificial intelligence (AI) is rapidly becoming a part of everyday life—powering chatbots, streamlining customer service, refining advertising, and offering new ways to work and create. Yet while the technology feels seamless to users, the reality behind the scenes is far from effortless. Building and maintaining AI systems comes with
Markets
BitGo Holdings Inc., one of the world’s leading providers of digital asset custody, has officially filed for an initial public offering (IPO) in the United States, signaling strong investor appetite for crypto-related companies despite ongoing market volatility. In a filing with the U.S. Securities and Exchange Commission, the
AI
Elon Musk’s artificial intelligence venture, xAI, has reportedly raised more than $10 billion in fresh funding, boosting its valuation to an estimated $200 billion. The deal, backed by prominent investors including Valor Capital, the Qatar Investment Authority, and Saudi Prince Al Waleed bin Talal’s Kingdom Holding Co., positions
Markets
Federal Reserve Bank of Minneapolis President Neel Kashkari expects the U.S. central bank to lower interest rates two more times this year, pointing to rising concerns over a cooling labor market. In a Friday essay, Kashkari backed the Federal Open Market Committee’s (FOMC) decision earlier this week to
AI
Saudi Arabia is stepping up its artificial intelligence ambitions, with its newly formed AI company, Humain, entering early discussions with some of the world’s largest private equity firms to attract billions of dollars in fresh investment. According to people familiar with the talks, Humain has approached global heavyweights including
Markets
Tether Holdings, the world’s largest stablecoin issuer, is making a bold return to the U.S. crypto market with the launch of its new stablecoin, USAT. The move marks a strategic effort to expand its dominance beyond global markets and challenge competitors in America’s rapidly evolving digital finance
Markets
MoonPay, the fast-rising digital payments platform, has acquired Meso Network, a U.S.-based crypto payments startup, in a move designed to strengthen its position at the intersection of traditional finance and digital assets. While the financial details remain undisclosed, the acquisition marks a significant step toward building a seamless
Markets
Kraken, one of the world’s leading cryptocurrency exchanges, has expanded its services to European clients by introducing trading in tokenized U.S. stocks. The move opens up new opportunities for investors across the EU to access American equities through blockchain technology, reflecting the growing convergence of traditional finance and
AI
Artificial intelligence startup Cognition AI has skyrocketed to a valuation of $10.2 billion following a fresh $400 million investment round, underscoring the growing confidence in AI-powered software engineering. The round was led by Peter Thiel’s Founders Fund with participation from Lux Capital, 8VC, Elad Gil, Definition Capital, and
Innovation
Deep Fission Inc., a Berkeley-based startup, has raised $30 million in fresh funding to accelerate the development of small, underground nuclear reactors—a step forward for clean energy solutions worldwide. Alongside this financing, Deep Fission completed a reverse merger with Surfside Acquisition Inc., paving the way for the company to
Finance
Johannesburg-based financial services firm Altvest Capital Ltd. is making a bold pivot into cryptocurrency, announcing plans to raise $210 million to purchase Bitcoin and establish a dedicated treasury reserve. Alongside the move, the company will rebrand as Africa Bitcoin Corp, positioning itself as the first publicly listed African firm to
Markets
CoinShares International Ltd., one of Europe’s largest cryptocurrency asset managers, is preparing to go public in the United States through a merger with Vine Hill Capital Investment Corp., a special purpose acquisition company (SPAC). The deal values CoinShares at $1.2 billion on a pro-forma basis, marking a pivotal