Chainlink partnered with 24 major financial institutions including Swift, UBS, and Euroclear to tackle the $58 billion annual cost of corporate actions processing using AI and blockchain. Their Phase 2 initiative achieved near-100% data consensus by combining multiple AI models with Chainlink's oracle infrastructure, verified by institutional attestation. This solution automates the extraction and verification of corporate actions data, reducing costly manual errors and enabling seamless integration with both traditional finance systems and blockchain. The project also supports tokenized equity markets by providing reliable, standardized data essential for smart contracts, potentially saving billions and improving efficiency across global finance.
Trust Carbon Infrastructure unveiled its HXS compute-efficiency layer, which reduces energy consumption by up to 50.5% and increases server throughput by 167% on NVIDIA H100 GPUs without changing AI model outputs. Tested on models from Alibaba, Meta,...
Nextech3D.AI is moving to acquire the remaining ownership of ARway, a company it already partially owns, to unify operations under one platform and streamline its business. The acquisition adds about $1.5 million in annual revenue and profit, enhanci...
Uber has significantly increased its involvement in autonomous vehicle (AV) technology by partnering with and investing in over 30 AV companies worldwide since 2023. After selling its own AV division in 2020, Uber shifted focus back to AVs through st...
In July, American crypto ETFs, especially Bitcoin ETFs, recorded a net inflow of $172.4 million, ending two months of capital outflows after a tough second quarter. Despite a sharp outflow of $265.4 million on the last day of July, the overall monthl...
Minnesota has banned cryptocurrency ATMs following reports of nearly $1 million lost in scams since 2023, primarily targeting seniors through impersonation schemes. The ban, signed by Governor Tim Walz, requires removal of existing machines by the en...
