Key Takeaways OpenAI is considering a secondary stock sale at a valuation of about $500 billion, a two-thirds increase from its last valuation. Microsoft remains the primary investor holdout as OpenAI discusses its future as a for-profit entity and talent retention challenges. Share this article OpenAI is exploring a multi-billion-dollar secondary stock sale that could increase its valuation to nearly $500 billion, Bloomberg reported Tuesday. Last Friday, the AI giant, led by Sam Altman, was said to have secured over $8 billion in its latest funding round, boosting its valuation to $300 billion. The company plans to raise a total…
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Key Takeaways Bitcoin Indonesia representatives discussed Bitcoin’s potential as a sovereign reserve and its role in financial resilience with the Indonesian Vice President’s office. The meeting emphasized the need for national-level Bitcoin education and presented Michael Saylor’s Bitcoin price projections for 2045. Share this article Representatives from Bitcoin Indonesia, one of the country’s largest Bitcoin communities, met with Indonesian Vice President Gibran Rakabuming Raka’s office to discuss how Bitcoin could support the country’s long-term economic strategy, according to a Tuesday announcement. BIG NEWS: 🇮🇩 Indonesia is exploring Bitcoin as a national reserve. We were invited to the Vice President’s office…
Google DeepMind has revealed Genie 3, its latest foundation world model that can be used to train general-purpose AI agents, a capability that the AI lab says makes for a crucial stepping stone on the path to “artificial general intelligence,” or human-like intelligence. “Genie 3 is the first real-time interactive general-purpose world model,” Shlomi Fruchter, a research director at DeepMind, said during a press briefing. “It goes beyond narrow world models that existed before. It’s not specific to any particular environment. It can generate both photo-realistic and imaginary worlds, and everything in between.” Still in research preview and not publicly…
Finding product-market fit isn’t a milestone — it’s a messy, make-or-break journey. And at TechCrunch Disrupt 2025, a founder who’s been through the fire and two investors who’ve helped startups hit escape velocity will break down how to do it right. On the Builders Stage, Rajat Bhageria (Founder & CEO, Chef Robotics), Ann Bordetsky (Partner, NEA), and Murali Joshi (Partner, ICONIQ) join forces to unpack the most critical — and elusive — phase in a startup’s life cycle. They’ll dive into smart testing strategies, real-time iteration, and how to listen to your users without getting lost in the noise. Don’t…
The semiconductor industry’s rollercoaster year continues with another major development. President Donald Trump said on CNBC’s Squawk Box on Tuesday that his administration is planning to announce tariffs on semiconductors and chips as soon as next week. However, the specifics of these tariffs remain unclear. Such tariffs could cause quite a disruption for U.S. hardware and AI companies. When the U.S. CHIPs and Science Act was signed in 2022 — providing $52 billion in subsidies to boost domestic chip manufacturing — the U.S. produced only about 10% of global chips. Despite this small manufacturing footprint, more than half of global…
Key Takeaways Brazil’s lower house will hold its first hearing on a national Bitcoin reserve on August 20, 2025. Bill 4501/2024 proposes Brazil diversify its assets with Bitcoin and other digital assets. Share this article Brazil’s Chamber of Deputies, the lower house of Brazil’s National Congress, has scheduled its first public hearing to discuss the creation of a Strategic Sovereign Bitcoin Reserve for August 20, 2025, according to an official agenda from the Economic Development Committee (CDE).The hearing will explore the possibility of Brazil creating a national Bitcoin reserve through Bill 4501/2024. It was requested by Federal Deputy Luiz Philippe…
Cognition, the AI coding startup that acquired rival company Windsurf three weeks ago, laid off 30 employees last week and is offering buyouts to the roughly 200 remaining employees on the team, reports The Information. This is the latest bout of whiplash that Windsurf employees have faced after a tumultuous stretch for the company. The startup was initially almost acquired by OpenAI, then lost its CEO, co-founder, and research leads to Google in a $2.4 billion deal known as a reverse-acquihire (where Google hired the key talent rather than buying the company), before ultimately getting acquired by Cognition. At the…
Google’s AI note-taking app is now open to younger users, having previously been limited to users 18 and older. The tech giant announced that NotebookLM is available to Google Workspace for Education users of any age and for consumers ages 13 and up. The removal of age restrictions is intended to provide younger students with access to the AI research tool, allowing them to better understand their class materials. Now, students can access features such as the ability to convert notes into podcast-like Audio Overviews, visually summarize ideas with interactive Mind Maps, and more. NotebookLM recently released Video Overviews to…
Sam Altman’s blow torch to his competitors is so hot, it even includes a new partnership with Amazon Web Services. As OpenAI announced two open-weight reasoning models with capabilities on par with its o-series, Amazon announced that the new models would soon be available as a service on AWS. For the first time, OpenAI models will be available as a choice to power Amazon AI services like Bedrock and SageMaker AI. While anyone can download the models via Hugging Face, Amazon didn’t just grab the models to offer them as an AWS service on their own. This is a partnership…
Key Takeaways Galaxy Digital increased its Bitcoin holdings to 17,102 BTC while reducing ETH and XRP exposure in Q2. The firm’s diversified digital asset portfolio includes BTC, ETH, XRP, SOL, and newly added SUI. Share this article Galaxy Digital increased its Bitcoin holdings by 4,272 to 17,102 BTC in the second quarter while reporting approximately $31 million in net income and maintaining $2.6 billion in total equity, according to a Tuesday SEC disclosure.The firm’s net digital asset holdings rose to $1.2 billion, a 40% increase from Q1, driven by increased Bitcoin exposure.The company’s digital asset portfolio showed mixed adjustments across…