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Search results for Nov. 3

Crypto

France delays vote on stablecoin tax measure, eyes Nov. 3

France has postponed a vote on a budget measure covering stablecoin taxation to Nov. 3. The provision would end, from January 2027, the deferral of tax on gains generated when cryptocurrencies are exchanged for single-currency stablecoins. The issue is whether converting to a stablecoin should trigger taxation. The proposal is part of budget deliberations and still requires further parliamentary votes, with possible adjustments to scope and timing.

Finance

Don\'t jump into AI stocks on rebound, four preconditions before buying

U.S. technology stocks have rebounded, but it is still too early to rush into buying AI data centre-related shares, CNBC cited Jim Cramer as saying. He said a recent bounce in AI beneficiaries does not remove lingering technical and fundamental burdens. Cramer said four conditions must be met for the rally to continue: improved technical indicators, confirmation that big tech earnings support sustained AI investment, reduced uncertainty after the Nov. 3 U.S. midterm elections, and clarity from an Anthropic IPO, which could come as early as November.

AI & Enterprise

Rableup eyes global market ahead of IPO, targets 57.9 billion won revenue in 2029

AI infrastructure software company Rableup plans to target global markets with integrated operations technology for heterogeneous AI accelerators and more than 10 years of experience. It aims to expand investment in next-generation AI semiconductor compatibility and overseas business after a KOSDAQ listing. Its flagship Backend.AI supports end-to-end AI infrastructure operations. Rableup reported 6.72 billion won revenue and 679 million won operating profit last year and set a 57.9 billion won revenue target for 2029.