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AI & Enterprise

Big Tech steps up coding AI push, arms with China AI performance

Big Tech companies are accelerating an offensive in the coding AI tools market, raising questions about shifts in a field led by Anthropic, OpenAI and Cursor. Meta unveiled its first AI coding agent, Muse Code, in beta. Google is in talks on a deal worth about $1.5 billion involving AI coding startup Mechanize. AWS launched Kiro Crew, an autonomous workspace. Chinese firms also quickened moves to build large-scale AI models.

Crypto

Blockspace closes funding round, targets Ethereum infrastructure business

Ethereum infrastructure company Blockspace has completed a new funding round. The round was led by BlueYard, with participation from EtherFi Ventures, Quasar Builder, Sharplink, BreedVC, Luganodes and Stakely, among other teams and individuals. Blockspace positions itself as an infrastructure company supporting Ethereum’s core product, blockspace. It earns ETH by staking and repeatedly restaking earned ETH, while keeping its ETH holdings at 15 percent of total staked volume.

Crypto

Strategy could sell up to $5 billion worth of bitcoin

Strategy's board has approved a capital management plan that could allow the company to sell up to about $5 billion worth of bitcoin. Reports said the proceeds could be used to bolster dollar reserves, cover annual preferred share dividends and interest payments, and repurchase MSTR common stock and DigitalCredit securities. Chairman Michael Saylor said the approval was not a new decision but part of an existing capital framework announced in June.