Elon Musk has announced he will give one of his personal SpaceX shares to every child in America next year, calling it “the first of many.” In a post on X, the SpaceX CEO and world’s richest person wrote: “Next year, I will give one of my SpaceX shares to every kid in America. This […] The post Elon Musk Pledges One SpaceX Share to Every U.S. Child Next Year appeared first on Tekedia.

Anthropic’s anticipated initial public offering could become a defining event for the artificial intelligence industry, testing investor appetite for fast-growing AI companies at a time when questions about revenue growth, infrastructure spending and profitability are intensifying. However, longtime technology analyst Gil Luria believes investors may be better served by focusing on the companies supplying the […] The post Anthropic IPO Will Be a ‘very speculative investment’, But AI Chipmakers Remain Key Beneficiaries – Analyst appeared first on Tekedia.

Wall Street’s technology-heavy Nasdaq Composite led gains on Monday as investors returned to semiconductor companies and other artificial intelligence-related stocks following last week’s sharp selloff, although concerns over borrowing costs, AI infrastructure spending and rising oil prices continued to cloud the market outlook. The Nasdaq Composite rose 290.85 points, or 1.11%, to close at 26,430.89, […] The post Nasdaq Rallies 1.1% as Chip Stocks Rebound After Selloff, but AI Financing Concerns Persist appeared first on Tekedia.

Strategy, the Bitcoin treasury company led by Michael Saylor, has purchased another 267 bitcoins for approximately $22.1 million. The acquisition took place between October 12 and October 18 at an average price of about $82,900 per bitcoin, according to a recent SEC filing. The latest buy lifts Strategy’s total holdings to 848,517 bitcoin. The company […] The post Strategy Continues Bitcoin Buying Spree with $22.1 Million Purchase, Holdings Exceed 4% of Total Supply appeared first on Tekedia.

AI-linked stocks rebounded on Monday as falling government bond yields and easing crude oil prices offered relief after a bruising selloff last week, but renewed gains did little to resolve investor concerns about the debt burden of AI infrastructure companies, rising financing costs and the valuations attached to the sector. CoreWeave rose 2.4% in volatile […] The post AI Stocks Rebound After $2tn Semiconductor Rout, Goldman Sachs Upgrades CoreWeave to “Buy” appeared first on Tekedia.

Shares of Chinese memory chipmaker ChangXin Memory Technologies (CXMT) fell 7.8% on Monday, despite the company forecasting a dramatic return to profitability for the first nine months of 2026, as investors weighed strong demand for memory chips against growing concerns over the sustainability of the artificial intelligence investment boom. CXMT said in a filing on […] The post China’s CXMT Shares Fall 7.8% Despite Forecast $19.6bn Profit as AI Chip Boom Faces Supply Risks appeared first on Tekedia.

Artificial intelligence could dramatically reshape the United States economy over the next four years, potentially lifting gross domestic product to $44 trillion by 2030, according to Anthropic co-founder Jack Clark. The projection highlights growing expectations that AI-driven productivity gains could transform industries, accelerate economic growth and change how businesses operate across the country. Clark, who […] The post Anthropic’s Jack Clark Says AI Could Lift US GDP to $44 Trillion by 2030 appeared first on Tekedia.

Barclays has warned investors against interpreting CoreWeave’s mounting debt pressures as evidence that the broader artificial intelligence investment boom is approaching a breaking point, arguing that the infrastructure provider’s financing difficulties are too limited in scale to derail spending by the industry’s largest technology companies. The warning follows a sharp decline in CoreWeave’s shares last […] The post Barclays Says CoreWeave’s Debt Troubles Do Not Signal a Wider AI Spending Crisis appeared first on Tekedia.

The cryptocurrency industry continues to evolve as blockchain companies explore new ways to connect digital assets with physical products, strengthen network security, and expand trading opportunities. Three developments highlight these changes: Yuga Labs has launched Mudwater, a collection of physical Bored Ape Yacht Club cards paired with onchain Solana non-fungible tokens; Qubic has halted its […] The post Yuga Labs Launches Mudwater as Qubic Halts Mainnet and Pump.fun Expands Into Perpetual Futures appeared first on Tekedia.

The cryptocurrency and artificial intelligence industries are confronting two important developments involving digital security, as a16z Crypto introduces Aerie, an open-source system designed to support post-quantum signature aggregation. While OpenCode reports a security breach that may have exposed sensitive provider keys belonging to some Console users. These developments highlight the growing importance of cryptographic resilience […] The post a16z Crypto Unveils Aerie as OpenCode Reports Security Breach Affecting Console Users appeared first on Tekedia.

Reliance Worldwide has reaffirmed its unanimous recommendation for shareholders to approve Brookfield’s proposed $2.53 billion acquisition of the Australian plumbing supplies manufacturer after no competing offer emerged during a designated period for attracting alternative bidders. The company said on Monday that it had engaged extensively with potential buyers during the “go shop” process but received […] The post Reliance Worldwide Reaffirms Brookfield’s $2.53bn Takeover Support After No Rival Bid Emerges appeared first on Tekedia.

China’s economic growth is expected to have accelerated slightly in the third quarter, supported by resilient exports, demand for high-tech products and fresh government stimulus, although persistent weakness in domestic consumption and investment is likely to keep pressure on Beijing to introduce further measures to sustain the recovery. Gross domestic product (GDP) is forecast to […] The post China’s Economic Growth Expected to Edge Up to 4.4% as Export Boom Masks Weak Domestic Demand appeared first on Tekedia.

JPMorgan Chase has expanded its blockchain strategy by bringing JPM Coin, its US dollar-denominated deposit token, to the Ethereum network. The move extends the bank’s digital payment infrastructure and strengthens the connection between traditional banking and public blockchain technology. The expansion allows eligible institutional clients to use JPM Coin identified by the ticker JPMD, on […] The post JPMorgan Launches JPM Coin on Ethereum as Wall Street Embraces Blockchain Payments appeared first on Tekedia.

Swedish private equity group EQT has agreed to acquire Australian waste management company Cleanaway Waste Management in a transaction valuing the business at approximately A$9.3 billion ($6.5 billion), including debt, as the infrastructure investor moves to take control of one of Australia’s major waste and environmental services providers. Cleanaway shares surged nearly 20% to A$2.960 […] The post Sweden’s EQT Agrees to Acquire Australia’s Cleanaway Waste Management in A$9.3bn Deal, Shares Surge 20% appeared first on Tekedia.

The US financial markets experienced a difficult week from October 12 to 16, as cryptocurrency investment products recorded substantial withdrawals while technology stocks suffered a sharp decline. US crypto exchange-traded funds posted $610.7 million in net outflows during the week, reflecting weakening investor demand amid broader market uncertainty. At the same time, the Nasdaq 100 […] The post Crypto ETFs Record $610.7 Million in Weekly Outflows as Nasdaq 100 Suffers Biggest Decline Since April 2025 appeared first on Tekedia.

Microsoft has reportedly cancelled its deal to anchor Nscale’s Essex data center in the United Kingdom, abandoning plans that involved approximately 23,000 Nvidia chips. The development represents a significant shift in the companies’ artificial intelligence infrastructure plans and raises questions about the pace of investment in large-scale computing facilities amid rapidly changing demand for AI […] The post Microsoft Cancels Nscale Essex Data Center Deal, Scraps Plans for 23,000 Nvidia Chips appeared first on Tekedia.

Cost-of-living protests turned violent in Paris over the weekend, raising concerns about social stability, economic confidence and the growing pressure on European governments to address household financial struggles. The unrest reportedly spread to other European cities, highlighting widespread frustration over rising living costs and declining purchasing power. As businesses face disruption and political leaders confront […] The post Cost-of-Living Protests Turn Violent in Paris as Unrest Spreads Across Europe appeared first on Tekedia.

Many African startups launch on servers in Europe or the United States simply because that is where the default cloud region sits. It works, until users in Lagos, Nairobi or Johannesburg start waiting for every page and payment confirmation. For fintech, e-commerce and real-time apps, server location quickly becomes a product decision, not just an […] The post Where to Host an App for African Users: Latency, Data Rules and Region Choice appeared first on Tekedia.

European stocks and the euro fell on Monday as political unrest in France intensified concerns about the country’s deteriorating fiscal outlook, while US stock futures rebounded from last week’s technology-led selloff ahead of a crucial round of earnings from major artificial intelligence companies. Investors also weighed fresh geopolitical risks involving Russia and Iran, volatile energy […] The post European Stocks and Euro Slide as France’s Fiscal Worries Deepen, Asian Markets Diverge appeared first on Tekedia.

Brent crude oil prices have surged above $108 per barrel as energy markets react to growing uncertainty across the Middle East, raising concerns about global oil supplies, inflation and the broader economic outlook. The sharp increase highlights the sensitivity of energy markets to geopolitical developments, particularly when tensions threaten major oil-producing countries and critical shipping […] The post Brent Crude Surges Above $108 as Middle East Uncertainty Fuels Energy Price Rally appeared first on Tekedia.

Anthropic, the developer of Claude, plans to commit 5% of its shares to a new public benefit fund, creating a dedicated pool of equity to finance charitable donations, support affected workers and address the wider economic consequences of artificial intelligence. The company announced the proposal on Sunday as it prepares for a potential initial public […] The post Anthropic to Allocate 5% Stake to Public Benefit Fund as AI Job Displacement Risks Grow appeared first on Tekedia.

Indian equities fell in early trading on Monday as disappointing quarterly results from major private-sector lenders and persistently high crude oil prices weighed on investor sentiment. The prospect of liquidity being diverted into Mukesh Ambani’s Jio Platforms initial public offering also added to near-term market concerns. The benchmark Nifty 50 fell 0.38% to 23,057.6, while […] The post Indian Stocks Slip as Oil Nears $108, Private Banks Slide After Earnings and Jio IPO Looms appeared first on Tekedia.

China is expected to leave its benchmark lending rates unchanged for a 17th consecutive month in October, as stronger-than-expected third-quarter economic growth reduces the immediate pressure on policymakers to introduce further monetary easing, according to a Reuters survey. All 22 market participants surveyed by Reuters this week predicted that the People’s Bank of China (PBOC) […] The post China Expected to Hold Lending Rates for 17th Month as Export Growth Offsets Weak Domestic Demand appeared first on Tekedia.

SpaceX chief executive Elon Musk has said he plans to give every child in the United States one share in the privately held space company next year, a proposed giveaway that would distribute approximately $10.5 billion worth of stock based on its latest cited closing price. Musk announced the plan in a post on X […] The post Elon Musk Says He Will Give Every US Child a SpaceX Share in 2027, Pledging $10.5bn appeared first on Tekedia.

Mukesh Ambani’s Jio Platforms has attracted substantial institutional investor demand for its planned $3.2 billion initial public offering, with bids reportedly reaching almost 30 times the allocation reserved for anchor investors as India prepares for its largest-ever IPO. Global investment firms including BlackRock and Fidelity, Singapore’s sovereign wealth fund GIC and the Abu Dhabi Investment […] The post Oversubscribed Jio Platforms’ $3.2bn IPO Draws Heavy Institutional Demand From BlackRock, GIC and Fidelity appeared first on Tekedia.

Artificial intelligence company Anthropic is advancing a distinctive approach to corporate responsibility by dedicating 20% of its shares to the public good. The initiative highlights the growing debate over how the financial benefits of increasingly powerful artificial intelligence should be distributed, particularly as leading AI developers attract enormous investments and become more influential in the […] The post Anthropic Plans to Dedicate 20% of Its Shares to Public Good appeared first on Tekedia.

The tokenized equities market is experiencing rapid growth as blockchain technology reshapes how investors access and trade traditional financial assets. The market has expanded nearly 500% this year, reaching $3.8 billion, while trading activity has increased at an even faster pace. New research from DWF Labs highlights the accelerating adoption of tokenized stocks, demonstrating how […] The post Tokenized Equities Market Surges to $3.8 Billion as DEX Trading Accelerates appeared first on Tekedia.

As companies accelerate the deployment of artificial intelligence tools across their workforces, employees are increasingly divided between those integrating AI into nearly every task and those who remain reluctant to use the technology. For business leaders, the challenge is no longer introducing AI into the workplace, but determining how to use it productively without surrendering […] The post Former Microsoft HR Executive Reveals Three Practical Ways to Use AI More Effectively at Work appeared first on Tekedia.

The user has entered the same email address twice because the page reloaded. Three passwords were rejected: one lacked a capital letter, another contained a forbidden symbol, and the third vanished from memory almost immediately. Passkeys remove that particular struggle. During BizBet Registration, personal and contact details may still be needed, but later access can […] The post Passwordless Registration Meets Everyday Mobile Problems appeared first on Tekedia.

South Africa-founded healthcare technology startup Healthleap has secured $38 million in seed and Series A funding to expand its artificial intelligence platform designed to help hospitals identify patients at risk of undiagnosed medical conditions. The funding comprises an $8 million seed round co-led by Sequoia Capital and First Round Capital, alongside a $30 million Series […] The post South Africa-Founded Healthleap Raises $38 Million to Expand AI Disease Detection in Hospitals appeared first on Tech In Africa.