Latest Business News, Market Insights & Global Economy Updates
AI-focused Web3 entertainment and infrastructure firm Astra Nova has raised $48.3 million to grow its suite of tokenized content tools and creator platforms. The funding includes $41.6 million from a recent strategic round and builds on earlier investments led by Outlier Ventures as well as family offices and institutional investors in Saudi Arabia, the United Arab…
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It was a scandal that propelled his leadership of the BBC. And now another one has taken it away. Tim Davie, the 17th Director General of the BBC, announced his resignation November 9 alongside Deborah Turness, the CEO of BBC News. The moves come as part of the growing fallout over a BBC program that…
Renowned AI scientist Yann LeCun confirmed on Thursday that he had launched a new startup — the worst-kept secret in the tech world — though he said he will not be running the new company as its CEO. His startup is called Advanced Machine Intelligence (AMI) and has hired Alex LeBrun, co-founder and CEO of…
Sometimes the most powerful stories start out the smallest. Neeraj Ghaywan’s “Homebound,” in its quietest moments, finds two friends sitting in partial silence at the rocky riverfront of their village, communicating in pauses and physicality as much as actual words, so familiar are they with each other’s souls. The scope widens as necessary — to…
Ethereum core developers have confirmed a tentative roadmap for the network’s next major upgrade, Fusaka, during Thursday’s All Core Developers Consensus (ACDC) call. The upgrade, designed to further scale the blockchain, is now scheduled for early December, with follow-up changes aimed at more than doubling blob capacity in the weeks after. Before the Fusaka upgrade…
Terraform Labs co-founder Do Kwon asked a US judge to cap his prison time at five years for his role in the collapse of the Terra ecosystem, which erased about $40 billion from crypto markets in 2022. In a court filing on Wednesday, Kwon argued that a longer term would be excessive given the punishment…
Shares of bitcoin miner and data-centre operator CleanSpark (CLSK) fell 5% after the company announced an upsized convertible bond offering of $1.15 billion. The move is part of a broader trend among bitcoin miners and AI-focused data infrastructure firms tapping the debt markets for fresh capital amid rapid sector growth. CoinDesk Research reveals that AI-aligned bitcoin miners are witnessing a record issuance of convertible debt, indicating investor demand for hybrid exposure…
Rachel Reeves has already seen the most significant numbers setting the backdrop for next month’s budget – the Office for Budget Responsibility’s (OBR) forecasts for five years’ time, when her fiscal rules are judged. But September’s public finances data, published on Tuesday, will hardly have lightened the mood in No 11 as she draws up…
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