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AI & Enterprise
Microsoft steps up AI startup acquisitions as it seeks OpenAI alternatives
Microsoft is pursuing acquisitions of AI startups, Reuters reported on May 13. The move aims to prepare an independent path that does not rely on longtime partner OpenAI, Reuters said, citing five sources familiar with the matter. Reuters reported Microsoft wants to secure AI talent through the acquisitions and develop its own state-of-the-art AI models by next year. It previously considered buying Cursor but dropped the plan over internal regulatory concerns.
Crypto
Franklin Templeton crypto index ETF holds Bitcoin, Ethereum and XRP
Franklin Templeton’s crypto index ETF, EZPZ, holds XRP as its third-largest asset after Bitcoin and Ethereum, according to a 10-K filing. XRP’s weight was 5.91 percent at end-2025 and 5.85 percent in the latest data, while Bitcoin accounts for more than 76 percent and Ethereum about 12 percent. The fund has about $10 million in AUM and holds about 447,679 XRP.
AI & Enterprise
Cinnamon selected as AI voucher supplier, specialises in 3D AI video production
AI startup Cinnamon was selected on March 24 as a supplier for the 2026 AI Voucher Support Programme run by the Ministry of Science and ICT and NIPA. The programme issues vouchers to small and medium-sized, venture and mid-sized companies to support adoption of supplier solutions. Companies seeking to adopt Cinnamon’s solution can receive vouchers of up to 200 million won. Cinnamon’s selected service, CineV, automatically converts text or scripts into 3D animation.
