Elon Musk denied reports that xAI raised an extra $15 billion, after claims surfaced suggesting the company had secured new funding. The rumour spread through media outlets, but Musk said it was false and gave no further details.
AnaisApple was blocked from appealing a UK ruling that found it charged excessive App Store fees, potentially costing the company £1.2 billion. Meanwhile, a US judge allowed Elon Musk’s antitrust lawsuit over Apple’s AI integration with ChatGPT to proceed, keeping claims of monopoly and unfair exclusion alive.
WeatherlyAmazon and Microsoft are supporting a U.S. law, the GAIN AI Act, to restrict exports of high-performance Nvidia AI chips to China until domestic demand is met. Nvidia has opposed the move, warning it could hurt global competition and cost the company billions, while the U.S. frames it as a national security measure.
WeatherlyBitcoin fell back to its end-2024 price as traders pulled away from risky assets and ETF outflows picked up. The drop followed fading excitement over the Trump administration’s crypto stance and rising fears across global markets.
WeatherlyPeter Schiff criticised Michael Saylor and Strategy, calling their Bitcoin-focused business model a “fraud” and challenging Saylor to a debate. The attack comes as Bitcoin fell below $99,000 and Strategy’s stock dropped over 50% since July, while gold remains strong above $4,000 an ounce.
AnaisAI data centres in the U.S. are using power faster than the grid can supply, creating a major gap in electricity capacity. Analysts warn that without huge investment, the country may struggle to support further AI growth as outages and infrastructure limits become more common.
WeatherlyXRP fell about 7% after the first U.S. spot XRP ETF launched, even as trading volumes and retail interest surged. At the same time, institutional holders trimmed positions, signalling cautious behaviour ahead of larger ETF launches from Franklin Templeton and Bitwise.
WeatherlyAlibaba has launched its new AI chatbot app, Qwen, available globally and free to use, aiming to compete with ChatGPT and integrate into its wider digital ecosystem. The app has already drawn high user traffic and caused concern in the U.S. tech sector, highlighting Alibaba’s growing influence in AI development and adoption.
WeatherlyMore than 300 founders and investors at a major AI summit voted Perplexity as the startup most likely to fail, putting OpenAI in second place. The poll highlighted growing doubts about both companies, driven by legal issues for Perplexity and rising financial concerns around OpenAI.
WeatherlyDappRadar, a seven-year-old blockchain analytics platform, has shut down due to financial difficulties. Its closure leaves a gap in cross-chain data services, affecting developers, investors, and users who relied on its analytics.
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