Author: GT

Barbados-based Tabit Insurance has secured a $40m insurance facility, capitalised entirely in bitcoin. This enables real-time verification of funds by regulators and auditors, the company press release said, with the capitalisation of the facility in bitcoin touted as an “industry first”. Tabit also said that all insurance policies and premiums will remain denominated in US dollars, though the capital is held in bitcoin. Commenting on the benefits of the development, Tabit co-founder William Shihara said: “Our approach to capital allocation underscores our confidence in providing a steady hand to our partners. By combining traditional balance sheet strength with carefully chosen…

The Arc Prize Foundation, a nonprofit co-founded by prominent AI researcher François Chollet, announced in a blog post on Monday that it has created a new, challenging test to measure the general intelligence of leading AI models. So far, the new test, called ARC-AGI-2, has stumped most models. “Reasoning” AI models like OpenAI’s o1-pro and DeepSeek’s R1 score between 1% and 1.3% on ARC-AGI-2, according to the Arc Prize leaderboard. Powerful non-reasoning models including GPT-4.5, Claude 3.7 Sonnet, and Gemini 2.0 Flash score around 1%. The ARC-AGI tests consist of puzzle-like problems where an AI has to identify visual patterns…

OpenAI released updates Monday for Advanced Voice Mode, its AI voice feature that enables real-time conversations in ChatGPT, to make the AI assistant more personable and interrupt users less frequently. Manuka Stratta, an OpenAI post-training researcher, announced the changes in a video posted Monday to the company’s official social media channels. OpenAI’s latest update aims to address a frequent problem with AI voice assistants, which will interrupt users when they pause to think or take a deep breath. Free users of ChatGPT now have access to a new version of Advanced Voice Mode that lets users pause, without being interrupted,…

In a market where meme coins can move faster than fundamentals, traders are turning to social data to get ahead. “Social now… it has to be a piece of the puzzle for you when making a good decision,” said Joe Vezzani, CEO of LunarCrush, during a TheStreet Roundtable with host Rob Nelson and BitLab Academy CEO Kelly Kellam. “Without a community, there is no crypto.” LunarCrush analyzes real-time social engagement, sentiment, and volume across crypto communities — giving traders an alternative to traditional indicators. “We’d like to say that social is one of the inputs,” Vezzani explained. “Some of our…

French VC firm Daphni is announcing the first closing of its new fund, Daphni Blue. The firm has raised €200 million (around $215 million at current exchange rates). It expects to raise as much as €250 million ($270 million) by the end of the year. Some of Daphni’s most remarkable past investments include Back Market, Swile, Hubcycle and Pasqal. Overall, the firm has invested in 70 European startups since 2015. With its latest fund, Daphni plans to invest in another 40 startups. Limited partners in Daphni Blue include Crédit Mutuel Arkéa, Bpifrance, the European Investment Fund, PRO BTP and Swen…

XRP and Solana Attract Millions as Crypto Inflows Hit $644 Million, Ethereum Loses $86 Million XRP and Solana saw the highest inflows among altcoin-based exchange-traded products (ETPs) in the week ending March 21, with $6.71 million and $6.44 million, respectively, according to CoinShares. Other altcoins had smaller inflows, including Polygon with $400,000 and Chainlink with $200,000. Meanwhile, Ethereum-based ETPs faced $86 million in outflows, marking the fourth consecutive week of investor pullback. Despite Ethereum’s losses, the digital asset market ended a five-week streak of net outflows, bringing in $644 million. Bitcoin led the recovery, attracting $724 million in inflows—its largest…

Bitcoin Could Hit $110,000 Before Dropping to $76,500 as Fed Policy Shifts, Says Arthur Hayes Bitcoin could surge to $110,000 before pulling back to $76,500, according to BitMEX co-founder Arthur Hayes. He attributes this potential rally to the Federal Reserve’s expected transition from quantitative tightening (QT) to quantitative easing (QE), which would inject liquidity into financial markets. Hayes shared his prediction on X, saying, “I bet $BTC hits $110K before it retests $76.5K. The Fed is going from QT to QE for treasuries.” Bitcoin recently closed above $86,000 on March 23 and climbed past $88,000 the next day. It gained…

AI is shaping the future, but is it truly designed for everyone? Frankie Woodhead, chief product & technology officer at AI-powered learning management system, Thrive, argues that neurodiverse input is not just beneficial but essential for creating inclusive, ethical and effective AI systems. In this Q&A, Woodhead explores how neurodivergent talent enhances AI development, helps combat bias, and drives innovation – offering insights on how businesses can foster a more inclusive tech industry. Why is it important to have neurodiverse input into AI development? Neurodiverse perspectives are absolutely critical for AI development, and it goes far beyond simply ticking a…

Generac , the home backup generator manufacturer, is poised to benefit from increasing weather disasters, deteriorating grid reliability and an aging population in the U.S., according to Bank of America. The bank initiated coverage of Generac on Monday with a $182 stock price target, implying potential 12-month upside of nearly 40% from Friday’s closing share price of $131.52. Severe weather disasters that result in damage of at least $1 billion now average 23 per year and have doubled since the 2010s, according to Bank of America. Key states exposed to severe weather including California, Florida and Texas remain underpenetrated by…

Brooklyn-based electric vehicle charging infrastructure startup Revel on Monday launched its first fast-charging station in San Francisco, kicking off its plans to expand across the Bay Area over the next year.  “For years, Revel has operated the largest, fastest, and most reliable fast-charging network in New York City,” Frank Reig, co-founder and CEO of Revel, said in a statement. “Now we’re bringing our model to the number one EV market in North America.” The Bay Area has some of the highest rates of EV ownership in the country. In 2024, more than 35% of new vehicle sales in San Francisco…