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The post Singapore investment giant Temasek to shun crypto in pivot to AI appeared on BitcoinEthereumNews.com. Singapore’s state-owned investment firm, Temasek Holdings, said it will prioritize AI investments over crypto due to regulatory uncertainty and the lingering impact of a $275 million write-off from the collapse of crypto exchange FTX in 2022. The firm, with an investment portfolio valued around 518 billion Singapore dollars ($400 billion), plans to increase its AI exposure from 6% of its portfolio in the first quarter of 2026 to 15% by 2031, Nagi Hamiyeh, president of Temasek Global Investments, told CNBC on Wednesday The AI investment cycle has just begun and will continue for decades, he said, while cautioning that valuations in some parts of the industry have run ahead of fundamentals. Temasek, the state’s largest investment vehicle after GIC Private Ltd., is still dealing with the hit it took following the collapse of FTX. That implosion and other failures exposed weak con
Read full articleNew York's AI companies are embedding AI into industries the city already runs: trading floors, hospital records, compliance desks. This list of 25 names, from Hugging Face to Dataminr, maps what that looks like in practice, and why the city's AI economy no longer needs Silicon Valley's permission.
Benchmark-backed Ollama has amassed 176,000 stars, and nearly 17,000 forks on Github by helping developers easily run AI on their PCs.
AI promised to make software development faster, but for many enterprises, it has also created a new management challenge: developers increasingly rely on a mix of coding assistants, AI agents, and models that operate in isolation, making it harder for engineering leaders to govern usage, share knowledge, and control costs. JetBrains has sought to address these challenges with a new suite of tools and capabilities named JetBrains AI for Teams and Organizations that supports nearly all coding tools, their respective CLIs, and most IDEs, such as Claude, Codex, Gemini, Junie, IntelliJ, Pycharm, and Rider, with support for VS Code to be added soon. The suite, which consists of capabilities like team automations and cloud agents, JetBrains Context, JetBrains Central, and JetBrains Central CLI, will allow enterprises to manage AI-assisted software development from a single control layer while allowing developers to continue using their preferred coding assistants and IDEs, Oleg Koverznev, he
Ken Griffin's AI optimism signals a transformative shift, potentially democratizing innovation and challenging established market leaders. The post Citadel’s Ken Griffin went from calling AI ‘garbage’ to predicting a golden age in five months appeared first on Crypto Briefing.
The post KPMG: 29% of senior business leaders struggle to understand and control AI costs appeared on BitcoinEthereumNews.com. KPMG’s Global AI Pulse for the second quarter of 2026 found that nearly a third of corporate leaders cannot understand or control what their AI systems cost to run. Companies that laid off employees and restructured their budget in favor of what they expected to be cheaper AI technology are now being charged by the token, leading to massive AI spending bills. Is AI too expensive for companies to use? KPMG polled 2,145 C-suite and senior business leaders across 20 countries for its quarterly Global AI Pulse survey. The results show that 29% of executives struggle with operating costs, especially as AI use grows past the testing stage to using it on a large scale. A separate third of respondents named their own thin grasp of AI economics as an obstacle to rolling out AI agents at all. The main reason for this struggle is that AI companies are now charging bas
The post Morning Minute: Paradigm Raises $1.2B Fund as Crypto’s Top VC Pushes Into AI appeared on BitcoinEthereumNews.com. Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes, downloadable on Apple Pod or Spotify. GM! Today’s top news: Crypto majors slightly rebound as Iran tensions ease; BTC +1% at $62.7k ARB (+13%) and LIT (+10%) lead alt movers BNB shares plans for new L1 focused on AI agents and quantum Robinhood Chain does $500M+ in DEX volume as meme mania continues Paradigm raises $1.2B for new AI fund 💸 Paradigm Raises $1.2 Billion Fund as Crypto’s Top VC Pushes Into AI Paradigm raised a $1.2 billion fund to invest in what it calls the “technical frontier,” expanding beyond crypto into AI and robotics. Founded in 2018 by Matt Huang and Coinbase co-founder Fred Ehrsam, Paradigm built its nam
The surge in memory sales driven by AI demand highlights the growing strategic importance of semiconductor innovation and supply chain resilience. The post Memory sales hit record $74.6B as AI demand surges, UBS reports appeared first on Crypto Briefing.
Marathon's Texas expansion could redefine Bitcoin mining efficiency and sustainability, while positioning for AI market integration and investment growth. The post MARA acquires strategic Texas land from HIF to accelerate large scale digital infrastructure growth appeared first on Crypto Briefing.
