Perplexity AI CEO Aravind Srinivas announced the company plans to go public in 2028 regardless of how Anthropic and OpenAI's IPOs perform. This follows Anthropic's confidential IPO filing and OpenAI's reported plans to list, both valued highly in the AI sector. Srinivas emphasized the importance of these IPOs for the AI industry and expressed confidence they will be well-received. He also highlighted ongoing innovation as key to sustaining high valuations and noted that Perplexity uses a cost-effective approach by selecting the best AI models for tasks.
Bitcoin miners are experiencing declining revenue as the network's hash rate and mining difficulty fall, reflecting a shift of miners into AI infrastructure. Despite this stress, miners are accumulating Bitcoin, with reserves increasing by 1%, signal...
Lululemon invested in Syntetica's $30 million Series A funding to support its innovative recycling of Nylon 6 and Nylon 6,6, materials difficult to separate and reuse in textile waste. This move aligns with growing industry demand for sustainable, co...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
