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Saudi Arabia partners with tech giants in $14.9B AI expansion

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Saudi Arabia has committed $14.9 billion to AI through global tech partnerships, including Google, Lenovo and Alibaba, as it aims to become a regional AI hub.

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Coin Market

a16z raises $2.2B for new fund backing stablecoins, prediction markets

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Andreessen Horowitz’s crypto investment arm said its new fund would seek to back projects that “people keep using when the hype fades.”

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Law enforcement freezes $41M connected to $150M crypto Ponzi collapse

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BG Wealth Sharing, according to authorities, claimed to provide guidance on crypto trading, advertised heavily on social media and offered “daily profit opportunities.”

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Colombian president says Bitcoin mining could transform country’s Caribbean coast

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The Colombian president pointed to the impact Bitcoin mining has had in Paraguay, which is now the fourth-largest Bitcoin mining country by hashrate.

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