Legislation was introduced in the Texas House of Representatives on Thursday to establish a strategic bitcoin reserve, which could serve as a proving ground for the U.S. Treasury. The proposed bill would enable the state to start building a strategic bitcoin reserve by accepting taxes, fees and donations in bitcoin Read more…
Startup Embodied is closing down, and its product, an $800 robot for kids ages 5 to 10, will soon be bricked. Embodied blamed its closure on a failed “critical funding round.” On its website, it explained: “We had secured a lead investor who was prepared to close the round. However, Read more…
Amazon Web Services said in a post earlier this month that developers report spending an average of “just one hour per day” on actual coding. But that doesn’t mean these workers twiddle their thumbs the remaining seven hours per day. Instead, developers spend the majority of their time on “tedious, Read more…
Russia has reportedly cut some regions of the country off from the rest of the world’s internet for a day, effectively siloing them, according to reports from European and Russian news outlets reshared by the US nonprofit Institute for the Study of War (ISW) and Western news outlets. Russia’s communications Read more…
Amazon on Tuesday said it is piloting a quick commerce service in India that will see the U.S. tech giant delivering grocery and other items in 15 minutes or less. […] The quick-commerce model — delivering items to customers within 10 to 15 minutes — hasn’t worked in most parts Read more…
China’s high-speed rail network, which has tripled to nearly 30,000 miles under President Xi Jinping’s leadership, faces mounting financial challenges amid aggressive expansion plans. China State Railway Group, the national operator, has accumulated nearly $1 trillion in debt and liabilities, requiring $25 billion annually for debt service. Despite this, plans Read more…
As tech giants struggle to profit from AI, a growing industry of specialized AI training firms is emerging by hiring doctors, radiologists and other experts to develop commercially viable applications. The $20 billion data services sector, projected to grow 20% annually, is attracting major investment by focusing on high-value, specialized Read more…