Bitcoin slid to a 16-month low on Friday, testing critical support around $60,000 as global technology stock selloffs intensified, forcing investors to unwind risky positions across multiple asset classes. The cryptocurrency briefly dropped to $60,008.52 before recovering to $64,153.24, swinging sharply in volatile trading. Bitcoin 16-Month Low Amid Tech and Precious Metals Selloff The world’s largest cryptocurrency has been declining since October 2025, prompting analysts to question whether this is a warning signal or merely coincidental. Ether also slid to a 10-month low of $1,751.94 before rebounding to $1,891.27. Overall, the crypto market has lost approximately $2 trillion in value…
Author: Kanika Sharma
Read More
Artificial intelligence is not a speculative bubble, and demand linked to the technology will continue to accelerate through 2026 and beyond, according to the chairman of Taiwanese electronics manufacturer Wistron. Simon Lin, who leads the Nvidia supplier, said the company expects Wistron AI growth in 2026 to exceed last year’s performance, with order momentum remaining strong well into 2027. Speaking to reporters in Taipei on Friday, Lin dismissed concerns that enthusiasm around artificial intelligence could fade in the near term. “We believe AI genuinely helps all industries,” Lin said. “I don’t think it’s a bubble. It marks the arrival of…
Juno Delivers Most Precise Measurements Yet Jupiter, the largest planet in the solar system, is marginally smaller than scientists had long believed, according to new measurements from NASA’s Juno spacecraft. Using advanced radio-science data, researchers have produced the most accurate assessment yet of Jupiter’s size and shape, refining figures that had stood for more than four decades. The findings show that Jupiter’s equatorial diameter measures 88,841 miles (142,976 kilometres), around 5 miles smaller than earlier estimates. Its polar diameter — from north pole to south pole — is now measured at 83,067 miles (133,684 kilometres), approximately 15 miles less than…
Elon Musk’s artificial intelligence chatbot Grok continues to generate sexualized images of people even when users explicitly state that the subjects do not consent, according to a Reuters investigation conducted after X announced new restrictions on the tool. The findings raise renewed questions about the effectiveness of recent safeguards imposed by Musk’s social media platform and its AI subsidiary, xAI, following international criticism over the creation of nonconsensual imagery. Reuters Tests Grok After Safety Changes Nine Reuters journalists in the United States and the United Kingdom uploaded fully clothed photographs of themselves and colleagues to Grok during two testing periods…
India and the United States have reached a significant India U.S. trade deal involving petroleum, defence goods, aircraft, and partial access to India’s protected agricultural sector, a government official confirmed. The agreement comes after months of negotiation and aims to resolve tensions between the two nations. President Donald Trump announced the deal on Monday, highlighting that U.S. tariffs on Indian goods will fall from 50% to 18%. In exchange, India has agreed to halt Russian oil purchases and reduce trade barriers, while committing to increase purchases of American goods to as much as $500 billion over time, spanning energy, coal,…
Byoeng Hun An, also known as Ben An, is embracing new technology as he begins his first season in LIV Golf. As captain of the newly rebranded Korean Golf Club, An leads a four-man team entirely composed of players with Korean heritage, including Danny Lee, who competes under the New Zealand flag. “We’re all good friends, and hopefully we can play good golf,” An said at an introductory press conference on Monday. “I’m very excited for the season. It’s my first year; feels like the first school year.” The team will travel extensively this season, which kicks off this week…
China and Hong Kong stocks remained largely steady on Tuesday, as gains in rare earth and defence shares balanced losses in technology and artificial intelligence sectors. China’s blue-chip CSI300 Index edged up 0.1% by midday, while the Shanghai Composite Index gained 0.4%. In Hong Kong, the Hang Seng Index rose 0.1%. However, the Hang Seng Tech Index fell as much as 3%, reaching its lowest level since July 15, 2025. The decline followed announcements from Chinese telecom companies on value-added tax adjustments, which raised concerns about potential broader tax hikes across the technology sector. Shares of Tencent dropped as much…
Elon Musk announced on Monday that SpaceX has acquired his artificial-intelligence startup xAI in a landmark SpaceX xAI acquisition, merging his ambitions in AI and space into a single, ambitious enterprise. The deal combines SpaceX’s rocket-and-satellite operations with xAI, the creator of the Grok chatbot, forming one of the most ambitious technology tie-ups in recent years. The merger pairs a space-and-defense contractor with a rapidly expanding AI company, whose expenses are heavily driven by chips, data centres, and energy. Analysts note the SpaceX xAI acquisition could strengthen SpaceX’s data-centre capabilities, positioning it to compete with AI rivals such as Google,…
India Grants Tax Relief To Apple On Manufacturing Machines India has handed a significant win to Apple by allowing foreign companies to provide equipment to their contract manufacturers in certain areas for five years without facing tax liabilities. The decision, announced on Sunday, is expected to boost Apple’s investment in India and encourage other electronics companies to expand locally. Apple has been steadily increasing its presence in India as it diversifies production beyond China. Counterpoint Research reports that the iPhone’s share of the Indian market has doubled to 8% since 2022. While China still accounts for 75% of global iPhone…
Ukraine Ready To Reciprocate If Russia Halts Energy Attacks Ukraine is prepared to reciprocate if Russia stops attacking the country’s energy infrastructure, President Volodymyr Zelenskyy said on Friday. He stressed, however, that there is no formal truce between the two sides, despite recent comments from the United States. Russian strikes on power facilities have plunged the capital, Kyiv, into darkness and cold during one of the harshest winters in recent years. Zelenskyy’s remarks came a day after Donald Trump said that Russian President Vladimir Putin had agreed not to fire on Kyiv for a week due to extreme weather conditions.…