Author: GT

Inflation in the U.S. is still running hotter than expected — and that might spell trouble for Bitcoin in the short term, according to recent data from the U.S. Bureau of Economic Analysis. The data focuses on something called the Personal Consumption Expenditures (PCE) Price Index, which tracks how much prices are rising for goods and services people actually buy. It’s one of the Federal Reserve’s preferred tools for measuring inflation. In February 2025, personal income (how much Americans are earning) rose 0.8%, and disposable income (how much people have left to spend or save after taxes) increased 0.9%. Meanwhile,…

Infinix is ushering in its ‘Gen Beta’ mobile AI strategy with the Note 50 Series, promising to bring more fun and function to daily life. Infinix’s vision aims to deliver AI innovations that are not only powerful, but also fun and accessible. At the centre of this initiative is Infinix AI∞, a system designed to seamlessly integrate into everyday life and enhance creativity, productivity, and entertainment. Tony Zhao, General Manager of Infinix, said: “With the launch of Infinix’s ‘Gen Beta’ AI and the latest flagship NOTE 50 Series equipped with the all-new One-Tap Infinix AI∞ features, we aim to empower…

Jen Salke, the head of Amazon MGM Studios is stepping down from her role, the company confirmed.Mike Hopkins, Amazon’s head of Prime Video and MGM Studios, made the announcement in a Thursday memo to employees. Salke is exiting Amazon to move into film production, and her previous position will not be replaced, Hopkins said.”We’ve decided to flatten our leadership structure a bit and not fill the head of studios role,” Hopkins wrote. “In line with Amazon’s recent work to streamline reporting lines and accelerate decision making, we felt this was the best direction for our studio, which will now operate…

Abound, a remittance app that was spun off by Times Internet in 2023, has raised $14 million in its first external funding round as it aims to reach more Indian expats in the U.S. Remittance flows to India are rising as the Indian diaspora spreads worldwide. In 2024, the South Asian country recorded $129.1 billion in remittances, accounting for 14.3% share of the global market and topping the charts, according to a World Bank report. Abound aims to tap this growth with its mobile app. “Indians are among the largest immigrant groups in the U.S. The average household income in…

TOKEN2049, one of the biggest crypto events in the world, is set to return to Dubai on April 30. With only 30 days at this point, organizers say that the demand is setting records, and the event is on the way to selling out well in advance in the most immediate memory. On April 3, ticket prices will rise again as the last wave of registrations floods in. This year, the conference moved to Madinat Jumeirah Resort. TOKEN2049 Dubai is set to host over 15,0000 attendees, representing over 4000 companies and 160+ countries. The event is growing into a large,…

Google is rolling out a slew of new features — some powered by AI — across Search, Maps, and Gemini that are designed to help people plan their summer vacations. The new features arrive as users have been turning to tools like OpenAI’s ChatGPT for help with planning trips. Google Search’s AI Overviews, which display a snapshot of information at the top of the results page, can now help users get trip ideas for certain regions or countries. Starting this week, users can search for something like “create an itinerary for Costa Rica with a focus on nature.” From there,…

Trevor Milton, the founder of electric vehicle start-up Nikola who was sentenced to prison last year, was pardoned by President Donald Trump late Thursday, the White House confirmed Friday.The pardon of Milton, who was sentenced to four years in prison for exaggerating the potential of his technology, could wipe out hundreds of millions of dollars in restitution that prosecutors were seeking for defrauded investors.Milton and his wife donated more than $1.8 million to a Trump re-election campaign fund less than a month before the November election, according to the Federal Election Commission, At Milton’s trial, prosecutors say a company video…

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Bitcoin has been relatively stable this week, trading around $80,000. While there hasn’t been anything too exciting, some analysts believe a big move is on the horizon. Arthur Hayes, former CEO of BitMEX, shared his prediction on X, stating, “I bet Bitcoin hits $110,000 before it retests $76,500.” Hayes attributes this potential rise to the Fed shifting from quantitative tightening (QT) to quantitative easing (QE) for Treasuries. He also speculates that if Bitcoin does hit $110,000 first, we could see a rapid surge toward $250,000. That’s an extremely bullish take, and while I remain cautious, I’ll gladly take it! Robinhood…

ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm since its launch in November 2022. What started as a tool to supercharge productivity through writing essays and code with short text prompts has evolved into a behemoth with 300 million weekly active users. 2024 was a big year for OpenAI, from its partnership with Apple for its generative AI offering, Apple Intelligence, the release of GPT-4o with voice capabilities, and the highly-anticipated launch of its text-to-video model Sora. OpenAI also faced its share of internal drama, including the notable exits of high-level execs like co-founder and longtime chief…