Digital business models Archives | Page 419 of 581

Mastercard launches stablecoin payment support

Mastercard is stepping up its crypto ambitions by enabling stablecoin transactions through new partnerships. The payment giant announced a collaboration with crypto exchange OKX, processor Nuvei, and fintech firm Circle.

The goal is to build an ecosystem where users can spend stablecoins and merchants can accept them.

A new card issued with OKX will allow stablecoin holders to pay directly using crypto, while Nuvei and Circle will support the infrastructure behind these transactions.

Mastercard’s Chief Product Officer said stablecoins have the potential to simplify global payments. They can also empower both consumers and businesses by offering more choices.

Mastercard plans to allow users to spend stablecoins from their wallets at over 150 million merchant locations worldwide that already accept its cards.

The move comes as regulatory discussions around stablecoins continue in the US. The Securities and Exchange Commission recently stated that certain dollar-pegged tokens do not qualify as securities. However, it stopped short of offering clarity on yield-bearing or algorithmic stablecoins, leaving questions open for future decisions.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!

IBM commits $150 billion to US tech

IBM has announced a major investment plan worth $150 billion over the next five years to solidify its role as a global leader in advanced computing and quantum technologies.

The move also aims to support US economic growth by expanding local innovation and manufacturing, instead of relying heavily on overseas operations.

Over $30 billion of the funding will be directed towards research and development, helping IBM advance in areas such as mainframe and quantum computer production.

According to CEO Arvind Krishna, this commitment ensures that IBM remains the core hub of the world’s most sophisticated computing and AI capabilities. The company already operates the largest fleet of quantum computing systems and intends to continue building them in the US.

The announcement comes amid a wider shift among major tech firms investing heavily in US-based infrastructure.

Companies like Nvidia and Apple have each pledged massive sums—Nvidia alone is preparing to invest up to $500 billion—in response to President Donald Trump’s call for greater domestic manufacturing through policies like reciprocal tariffs.

By focusing investment at home instead of abroad, IBM joins a growing list of tech leaders aligning with government efforts to revitalise American industry while maintaining their global competitiveness in AI and next-generation computing.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!

Duolingo backs AI over manual work

Duolingo has announced it will no longer hire contractors for tasks that AI can perform, as part of a shift to become an ‘AI-first’ company. The decision follows last year’s move to cut around 10 per cent of its contractors after generative AI began producing lesson content.

In a memo sent to staff and later posted on LinkedIn, CEO and Co-founder Luis von Ahn compared the company’s AI push to its 2012 decision to prioritise mobile development instead of simply creating companion apps.

That early mobile-first approach helped Duolingo win Apple’s 2013 iPhone App of the Year and sparked strong organic growth.

The company will now embed AI deeply into its operations. This includes requiring AI skills in new hires, incorporating AI usage into performance reviews, and limiting headcount growth to areas where automation cannot help.

Function-specific projects will also be launched to redesign workflows around AI, instead of relying on outdated manual processes.

Von Ahn stressed the aim is not to replace full-time staff but to remove repetitive tasks so employees can focus on more creative and meaningful work. Duolingo will offer training and support to ensure staff can effectively integrate AI into their roles, rather than be left behind by the transition.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!

El Salvador keeps buying Bitcoin under the IMF radar

El Salvador continues quietly accumulating Bitcoin, even as it complies with conditions set by the International Monetary Fund (IMF). Although the government paused Bitcoin activity to secure a $1.4 billion loan, the Bitcoin Office kept buying. It added 32 BTC last month, now holding over 6,160 BTC worth $584 million.

The small daily purchases adhere to the country’s ‘one Bitcoin a day’ policy.

The IMF confirmed El Salvador’s fiscal sector is meeting its non-accumulation pledge, but the Bitcoin Office operates outside those fiscal definitions. The technical loophole has allowed the country to continue acquiring Bitcoin without breaching the agreement.

The reforms agreed with the IMF include scaling back the Chivo wallet initiative and removing Bitcoin’s mandatory status as legal tender.

Despite the pressure, President Nayib Bukele remains committed to the Bitcoin strategy. In January, El Salvador’s Legislative Assembly passed amendments removing Bitcoin as a compulsory payment method and tax payment option.

These changes, effective from 1 May, were necessary to unlock IMF funding. They also opened access to an additional $2 billion in development financing aimed at stabilising the economy and reducing debt, which recently reached 85% of GDP.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!

ChatGPT adds ad-free shopping with new update

OpenAI has introduced significant improvements to ChatGPT’s search functionality, notably launching an ad-free shopping tool that lets users find, compare, and purchase products directly.

Unlike traditional search engines, OpenAI emphasises that product results are selected independently instead of being sponsored listings. The chatbot now detects when someone is looking to shop, such as for gifts or electronics, and responds with product options, prices, reviews, and purchase links.

The development follows news that ChatGPT’s real-time search feature processed over 1 billion queries in just a week, despite only being introduced last November.

With this rapid growth, OpenAI is positioning ChatGPT as a serious rival to Google, whose search business depends heavily on paid advertising.

By offering a shopping experience without ads, OpenAI appears to be challenging the very foundation of Google’s revenue model.

In addition to shopping, ChatGPT’s search now offers multiple enhancements: users can expect better citation handling, more precise attributions linked to parts of the answer, autocomplete suggestions, trending topics, and even real-time responses through WhatsApp via 1-800-ChatGPT.

These upgrades aim to make the search experience more intuitive and informative instead of cluttered or commercialised.

The updates are being rolled out globally to all ChatGPT users, whether on a paid plan, using the free version, or even not logged in. OpenAI also clarified that websites allowing its crawler to access their content may appear in search results, with referral traffic marked as coming from ChatGPT.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!

Tech-driven future ahead for Pakistan’s pharmaceutical sector

Pakistan’s pharmaceutical sector is increasingly adopting AI and advanced technologies to improve drug development and patient care. Industry leaders, including Haroon Qasim, note AI’s growing influence from molecule screening and drug safety monitoring to telemedicine and e-commerce platforms.

Companies now use AI to predict disease trends, assist doctors with instant medical information, and detect adverse drug reactions more rapidly. Startups and established firms alike are integrating AI into research, supply chain management, customer service, and regulatory processes.

Innovations such as machine learning for anomaly detection, IoT systems for automated production, and predictive analytics for logistics are reshaping the sector. in Pakistan Haroon Qasim highlighted these changes as vital steps toward building a smarter and healthier society.

Martin Dow Group further demonstrated its commitment to AI by hosting its first Tech Day, uniting global tech leaders to explore future collaborations. The company launched initiatives with SAP and Salesforce partners, signalling a deeper move into data-driven healthcare.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!

Huawei develops Ascend 910D chip to rival Nvidia

Huawei Technologies is preparing to test its newest AI processor, the Ascend 910D, as it seeks to offer an alternative to Nvidia’s products following US export restrictions. The company has approached several Chinese tech firms to assess the technical feasibility of the new chip.

Extensive testing will follow to ensure the chip’s performance before it reaches the wider market. Sources claim Huawei aims for the Ascend 910D to outperform Nvidia’s H100 chip, widely used for AI training since 2022.

Huawei is already shipping large volumes of its earlier Ascend 910B and 910C models to state-owned carriers and private AI developers like ByteDance. Demand for these processors has risen as US restrictions tightened Nvidia’s ability to sell its H20 chip to China.

Increased domestic demand for Huawei’s AI hardware signals a shift in China’s semiconductor market amid geopolitical tensions. Analysts believe this development strengthens Huawei’s ambition to compete globally in the AI chip market.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!

Autonomous construction robot Zyrex set for 2026 debut

Construction sites could soon see a dramatic change with the arrival of Zyrex, a 20-foot-tall autonomous robot developed by RIC Robotics in California.

Designed for welding, carpentry, 3D printing, and material handling, Zyrex is being built to tackle labour shortages and improve safety on high-risk construction sites.

The company expects to complete a working prototype by early 2026, aiming to revolutionise the industry with a fully autonomous machine equipped with advanced cognitive capabilities.

Zyrex will initially be operated by human controllers using VR and simulators, while it gathers real-time data through LiDAR and visual sensors. By comparing this information to digital building models, Zyrex will ensure precision and quality before eventually transitioning to full autonomy.

Unlike humanoid robots, Zyrex is purpose-built for construction, focusing on both heavy-duty tasks and delicate operations like welding and exterior finishing.

Building on earlier successes, including the RIC-M1 Pro which helped 3D-print Walmart warehouse extensions ahead of schedule, Zyrex promises to be both powerful and cost-effective. RIC Robotics estimates the price to be under $1 million, with leasing options starting below $20,000 a month.

Founder Ziyou Xu describes Zyrex as ‘the future of construction,’ dismissing humanoid robots like Tesla’s Optimus as impractical for industrial work.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!

Singapore Airlines upgrades customer support with AI technology

Singapore Airlines has partnered with OpenAI to enhance its customer support services. The airline’s upgraded virtual assistant will now offer more personalised support to customers and assist staff by automating routine processes and improving decision-making for complex tasks.

The partnership comes alongside Singapore Airlines’ ongoing work with Salesforce to strengthen its customer case management system using AI tech. New solutions will be developed at Salesforce’s AI research hub in Singapore, advancing customer service capabilities and operational efficiency.

These moves reflect a broader industry trend, with airlines like Delta and Air India also investing heavily in AI-driven tools for travel assistance and operational support. The Airline emphasised that AI integration will help it meet regulatory demands, enhance workforce management and elevate customer experience.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!

Fibocom’s AI mobile hotspot promises faster, smarter connectivity

Fibocom has launched its new 5G AI Mobile Hotspot Solution, combining next-generation 5G connectivity with advanced AI-driven voice interaction.

The intelligent mobile hotspot, powered by Fibocom’s customised AI app, supports multilingual voice control, real-time document retrieval, and an AI translation engine covering more than 20 languages with up to 95% accuracy, making it an ideal tool for international communication and travel.

The solution is built on Qualcomm’s QCM4490 platform, featuring an 8-core 4nm CPU with speeds up to 2.4GHz. It supports dual SIM standby, USB 3.1, Ethernet, and boasts 15W fast and reverse charging capabilities.

Fully compliant with 3GPP Release 16, the device achieves downlink speeds up to 2.33Gbps on Sub-6GHz bands and supports Android and Linux operating systems, external cameras, and 1080P displays for broad application use.

Significantly, the mobile hotspot integrates Qualcomm’s next-generation Wi-Fi 7 chipset, offering concurrent dual-band modes and speeds up to BE5800.

Ralph Zhao, Vice President of Fibocom’s MC Product Management Department, said the launch transforms mobile hotspots into intelligent companions, driving forward the integration of 5G, AI, and edge computing technologies.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!