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Crypto

UK-listed Stack BTC seeks to buy precious metals seller Direct Bullion to fund bitcoin purchases

UK-listed Stack BTC is pursuing the acquisition of precious metals seller Direct Bullion to secure funds for additional bitcoin purchases. The company disclosed a non-binding proposal valued at up to 12 million pounds, combining cash, shares and performance-linked payments. Stack BTC said it plans to use operating cash flow to expand its bitcoin holdings and views gold as a physical asset similar to bitcoin. The deal would be a related-party transaction and a reverse takeover.

AI & Enterprise

China open-weight models close gap with U.S. closed AI, with costs one-fifth and a 4.4-month gap

Open-weight AI models are rapidly catching up with U.S. big tech’s top closed models, changing how companies deploy AI tools. Mozilla analysed the performance gap at about 4.4 months. Its report said value for money matters more than raw performance, citing Moonshot AI’s open model Kimi K3 and Anthropic’s closed model Fable 5. It said closed models still lead in expert work, intensive search and long-context tasks.

Telecommunications & Media

Amazon Prime Video joins short-form news race with News Clips

Amazon is adding short-form news to Prime Video as more users consume news through brief videos on platforms such as TikTok, Instagram and YouTube Shorts. Prime Video has introduced News Clips in the United States, offering edited local and national news from multiple providers on a dedicated page. The service starts on TV and Fire TV devices and will expand to the web and iOS and Android apps. It is free for all Amazon customers in the United States.