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Norway’s sovereign wealth fund, the world’s largest state-directed fund, has significantly increased its indirect exposure to Bitcoin (BTC), according to crypto research firm K33 Research. Over the past year, the fund’s holdings surged by 192%, now encompassing 7,161 BTC through investments in companies like Strategy, Metaplanet, and crypto exchange Coinbase. The fund currently holds over…
Asia-Pacific stocks ended the session on a broadly positive note Wednesday, following gains on Wall Street. Investors responded to U.S. inflation data that has raised expectations the Federal Reserve could lower interest rates next month, boosting sentiment across the region. Japan’s Nikkei 225 led the rally, closing at a record high of 43,274.67, up 1.3%,…
France, the United Kingdom, and Germany have signaled their support for reinstating U.N. “snapback” sanctions on Iran if Tehran fails to re-engage in nuclear negotiations, according to a report by the Financial Times. The letter, delivered to the U.N. Security Council and Secretary-General António Guterres, underscores the urgency ahead of an end-of-August deadline for renewed…
AI search engine Perplexity has reportedly offered $34.5 billion in cash to acquire Google Chrome, according to Reuters and confirmed by Perplexity to TechCrunch. The unsolicited bid promises to keep Chrome’s underlying engine, Chromium, open source, with an additional $3 billion investment to support the project. Perplexity is also pledging not to alter Chrome’s user…
Sam Altman, co-founder of OpenAI, is reportedly preparing to launch a new brain-to-computer interface startup named Merge Labs. According to unnamed sources cited by the Financial Times, the company is already in early fundraising stages, with potential capital support coming largely from OpenAI’s ventures team. Merge Labs is expected to be valued at around $850…
Every year enterprises pay $350B to big consultancies and systems integrators to ensure API’s work smoothly. Refold AI to end this tax on business with a platform that removes API complexity into repeatable, productized software with AI. San Mateo, California – August 13, 2025; Enterprise software runs on APIs but connecting those APIs remains frustratingly…
U.S. Vice President JD Vance’s visit to the U.K. has drawn unexpected attention, as locals in the picturesque Cotswolds staged a spirited “Vance not welcome” protest. Residents used humor and satire to voice their opposition, highlighting both political and personal criticisms of the U.S. official. Signs reading “Bullies not welcome here” and “Make America moral…
OpenAI’s GPT-5 launch last week aimed to simplify ChatGPT with a unified AI model and a “model router” to automatically select the best responses. CEO Sam Altman envisioned eliminating the complicated model picker, offering a seamless AI experience for users. But early reactions suggest GPT-5 isn’t living up to expectations. Updates to ChatGPT: You can…
Revel, once a pioneer in New York City’s electric scooter and ride-hailing scene, is officially ending its ride-hailing service to pivot entirely toward expanding its electric vehicle (EV) fast-charging business. This strategic shift reflects the company’s evolving focus on supporting the EV transition in major urban markets. Ending Ride-Hailing After Four Years Revel began in…
The Trump administration has finally issued updated guidance to unlock $5 billion in electric vehicle (EV) charging infrastructure funding, ending months of delay and controversy. This move aims to expedite the National Electric Vehicle Infrastructure (NEVI) program, part of the Bipartisan Infrastructure Law, by easing previous requirements that stalled construction nationwide. Background: Funding Freeze and…