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Menlo Ventures launches $100M AI startup accelerator with Anthropic

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Menlo Ventures has unveiled a pioneering initiative with the launch of Anthropic Artificial Intelligence, a $100 million startup accelerator dedicated to advancing AI technologies. This move underscores Menlo Ventures’ commitment to fostering innovation in the burgeoning field of artificial intelligence.

Anthropic Artificial Intelligence aims to support early-stage AI startups by providing them with crucial funding, mentorship, and resources necessary for growth and development. The accelerator program is designed to empower entrepreneurs and innovators who are pushing the boundaries of AI research and application across various industries.

According to Menlo Ventures, Anthropic Artificial Intelligence represents a strategic investment in the future of AI, emphasizing the potential for transformative impact on society and business. The accelerator will focus on supporting startups that leverage AI to address complex challenges and drive technological innovation forward.

The launch of Anthropic Artificial Intelligence comes amidst growing investor interest in AI-driven solutions and underscores Menlo Ventures’ role as a prominent supporter of groundbreaking technologies. The accelerator is poised to play a pivotal role in nurturing the next generation of AI pioneers, positioning them for success in a competitive global market.

As AI continues to reshape industries and redefine possibilities, Menlo Ventures’ $100 million commitment to Anthropic Artificial Intelligence signals a significant endorsement of the transformative potential of AI startups. The accelerator is expected to catalyze innovation, foster entrepreneurship, and accelerate the development of AI-driven solutions that address real-world problems on a global scale.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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