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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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7-Eleven South Korea to accept CBDC payments in national pilot program

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7-Eleven is set to participate in the testing phase of a central bank digital currency (CBDC) initiative, running from April to June. The retail giant’s involvement highlights the growing push for digital currency integration in everyday transactions.

The pilot program will assess the feasibility of CBDC payments at 7-Eleven stores, allowing customers to make purchases using the digital currency. The initiative is part of a broader effort to explore the real-world application of CBDCs in retail environments, potentially shaping future payment systems.

As central banks worldwide accelerate their digital currency research, private sector collaboration is seen as crucial for widespread adoption. If successful, 7-Eleven’s participation could pave the way for broader CBDC usage across retail and commercial sectors.

The outcome of the testing phase will provide valuable insights into consumer adoption, transaction efficiency, and potential regulatory considerations, influencing how CBDCs are integrated into mainstream financial systems.

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SEC and Gemini ask to pause lawsuit to explore ‘potential resolution’

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The U.S. Securities and Exchange Commission (SEC) and crypto exchange Gemini have agreed to pause legal proceedings as both sides explore a potential resolution to their ongoing lawsuit. The move signals a possible settlement in the high-profile case, which centers around Gemini’s now-defunct Earn program.

The SEC initially sued Gemini, alleging that the Earn program—designed to offer users yield on crypto deposits—operated as an unregistered securities offering. Gemini has pushed back against the claims, arguing that its operations complied with regulatory standards.

By pausing litigation, both parties may be looking for a compromise that could set a precedent for crypto lending products in the U.S. A settlement could also provide regulatory clarity for similar platforms navigating SEC scrutiny.

While the outcome remains uncertain, the crypto industry is closely watching the case, as its resolution could impact future enforcement actions and the broader regulatory approach toward digital asset lending services.

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GameStop finishes $1.5B raise to add Bitcoin to its balance sheet

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GameStop has successfully completed a debt offering, raising capital that may be used to acquire Bitcoin, signaling the company’s deeper foray into digital assets. The move aligns with its broader strategy to diversify beyond traditional retail operations and into emerging financial technologies.

While GameStop has not confirmed the exact allocation of the funds, market speculation suggests that a portion could be used to buy Bitcoin, following in the footsteps of companies like MicroStrategy. The potential investment would reinforce GameStop’s ongoing pivot toward blockchain and digital assets, an effort that began with its NFT marketplace and crypto-related initiatives.

Analysts see this development as part of a growing trend of corporations exploring Bitcoin as a reserve asset amid concerns over inflation and monetary policy. If GameStop proceeds with the acquisition, it could further validate Bitcoin’s role as a strategic investment for publicly traded companies.

The company’s board will ultimately decide how the newly raised capital is deployed. Investors and the broader crypto market are watching closely for any official announcements regarding GameStop’s Bitcoin strategy.

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