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Search results for SPUR

Finance

Lagarde says euro zone economy solid, digital euro nears

The European Central Bank is continuing preparations for a retail digital euro, Cointelegraph reported on Oct. 17. ECB President Christine Lagarde said in a speech at the International Monetary Fund annual meeting that a digital euro would further spur innovation and competition in retail payments. She said it is meant as digital cash for daily payments, not a replacement for banknotes. Lagarde also described inflation and the ECB’s gradual policy response.

AI & Enterprise

Microsoft AI chief says company built model stronger than GPT-5.6 with quarter of computing power

Microsoft has developed an AI model it says is more powerful than OpenAI’s GPT-5.6-based model while using a quarter of the computing resources, Business Insider reported. Microsoft AI CEO Mustafa Suleyman told employees the company had secured a stronger pre-trained model and compared MAI-Base-2 privately with several OpenAI models, including one dubbed Spur internally. He also cited a comparison with DeepSeek, without naming the model.

Crypto

Strategy CEO forecasts record bitcoin spread within a year, says banks will rush in

Bank adoption of bitcoin-related services is expected to rise by a record amount over the next 12 months, a forecast said. Strategy CEO Phong Le cited inflation, regulatory clarity, customer demand, technology modernisation, agent-based AI, fear of falling behind and survival pressure. He said banks are moving from discussing crypto’s value to adopting services. Strategy’s index put adoption among major institutions at 34 percent in 2026’s third quarter.