Strive, an asset management firm co-founded by Vivek Ramaswamy, is launching a major push to expand its digital asset portfolio by raising $500 million. The capital will be secured through the issuance of a new class of preferred shares, strategically designed to attract institutional and accredited investors. This aggressive fundraising initiative underscores a growing trend among financial institutions seeking to deeply integrate major cryptocurrencies into their corporate balance sheets. By securing significant liquidity through specialized equity, Strive aims to substantially increase its existing Bitcoin holdings amidst evolving market conditions.
The New York State Office for the Aging is expanding its successful partnership with Intuition Robotics to bring the advanced digital companion ElliQ to more older adults across the state. This innovative artificial intelligence technology is specifically designed to help combat loneliness, promote healthier habits, and keep seniors connected with their loved ones and communities. Building on previous distribution efforts, the expanded initiative aims to reach even more isolated and vulnerable populations who can benefit from daily interaction and personalized support. By integrating smart technology into elder care, New York continues to lead the nation in leveraging digital solutions to enhance the quality of life and independence for aging residents.
Science Corporation has successfully implanted its pioneering brain-computer interface vision restoration chip into the first patient suffering from Stargardt disease, a rare and debilitating genetic disorder causing progressive vision loss in young people. The groundbreaking procedure utilizes the Prima implant system, which bypasses damaged photoreceptors in the retina by translating images from camera-equipped glasses into electrical signals that stimulate surviving retinal cells. This milestone marks a significant step forward in neurotechnology, offering renewed hope for individuals blinded by degenerative retinal conditions. As clinical trials progress, researchers aim to prove the safety and efficacy of the device in restoring functional sight.
Cerebras CEO Andrew Feldman predicts that society is rapidly approaching a transformative era where every household will possess a dedicated, personal AI assistant. Speaking at a recent industry event, Feldman emphasized that advances in specialized hardware are drastically reducing the cost and increasing the speed of machine learning computations. This technological leap will soon make powerful, localized artificial intelligence accessible to the general public rather than just tech giants. As these systems become deeply integrated into daily life, they promise to fundamentally reshape how people manage their homes, work, and personal routines.
Industrial Next, a robotics startup, is unveiling software that lets factory robots change tasks in minutes instead of the weeks traditionally required for re‑programming. By using a modular, AI‑driven control platform, the system abstracts the robot’s hardware so operators can upload new workflows through a simple interface, dramatically cutting downtime and labor costs. The technology targets manufacturers eager to pivot quickly amid supply‑chain disruptions and the rise of custom, low‑volume production. Backed by venture capital and early pilots with major OEMs, Industrial Next aims to accelerate the shift toward more flexible, “lights‑out” factories.
Cerebras Systems’ chief executive pushed back against the wave of “AI doomsday” warnings that have been echoing from tech leaders and regulators alike. While acknowledging that powerful models raise safety questions, he argued that the panic is premature and that the industry’s focus should remain on building reliable hardware and transparent software rather than fearing an imminent existential threat. He highlighted Cerebras’
Bank of New York Mellon and Citadel Securities have launched a pilot that issues tokenized U.S. Treasury securities on a distributed‑ledger platform, aiming to speed up the financing chain that underpins Wall Street. The experiment, which uses digital tokens to represent Treasury bonds, seeks to cut settlement times from the traditional T+2 cycle to near‑instantaneous clearance, lowering operational costs and
In brief The FBI arrested OpenAI engineer Abdulrahman Alfozan on Oct. 9 for allegedly planting a hidden audio recorder in an executive conference room at the OpenAI’s San Francisco offices. Prosecutors say a chatbot account tied to his spouse asked…
In brief Character.AI filed for voluntary Chapter 11 bankruptcy in Delaware on October 12 to sell itself under court supervision, and says the app will be wound down if no buyer keeps it running. Disney is the opening bidder, offering…
MIT Media Lab professor received the IDSA Special Achievement Award for three decades of research integrating physical and digital environments. David Sweeney | MIT Media Lab Publication Date: October 13, 2026 Press Inquiries Press Contact: David Sweeney Email: dws1052@media.mit.edu Phone:…