Bitcoin surged past $100,000 in 2024, more than doubling its value, driven by pivotal regulatory and political developments. The US Securities and Exchange Commission’s approval of exchange-traded funds tied to Bitcoin’s spot price marked a significant milestone, attracting mainstream and institutional interest in the cryptocurrency sector.
A broader crypto rally saw Bitcoin gain over 120% and Ethereum rise nearly 50%, boosting the market’s total value to $3.5 trillion. Analysts predict Bitcoin could reach $200,000 by late 2025, solidifying its status as a premier store of value. Enthusiasm for the asset class has extended to corporate treasuries, with firms like MicroStrategy leading the charge.
MicroStrategy’s shares quintupled in 2024, reflecting its substantial Bitcoin holdings. Other companies, including major financial players, are incorporating Bitcoin into their portfolios. Meanwhile, Donald Trump’s victory in the US presidential election, coupled with his pro-crypto stance, further energised the market.
Despite the rally, challenges persist for smaller crypto miners. Rising energy and hardware costs have limited gains for firms like Riot Platforms and Marathon Digital, which struggled against the year’s bullish trends.
The owner of TikTok, ByteDance, plans a significant $7 billion investment in AI hardware by 2025. The company is turning to Nvidia chips despite US-imposed restrictions on AI chip exports to China. ByteDance has devised methods to bypass these curbs by storing chips in data centres outside China, particularly in Southeast Asia, without breaching restrictions.
The United States introduced export restrictions in 2022, citing security concerns about Chinese companies accessing advanced AI hardware. ByteDance has denied any ties to the Chinese government, countering allegations raised by US lawmakers. Meanwhile, the restrictions have drawn warnings from Chinese industry bodies about over-reliance on US technology, a scenario that could also affect companies like Nvidia and AMD.
US President-elect Donald Trump is advocating for a delay in the January 19 TikTok ban deadline. He hopes for more time to pursue a political solution that avoids disruption to TikTok’s 170 million US users. Legal challenges filed by ByteDance against the ban, which it argues infringes free speech, have so far failed to yield results.
The Supreme Court is set to hear arguments on the matter on January 10, marking a final chance for ByteDance, TikTok, and US authorities to present their cases. Trump recently met TikTok CEO Shou Zi Chew, describing the platform as holding a ‘warm spot’ in his heart. However, over 20 state attorneys general and the Justice Department have labelled the app a national security risk, urging the court to uphold the ban.
In Barcelona, a pink-haired 25-year-old named Aitana captivates social media with her stunning images and relatable personality. But Aitana isn’t a real person—she’s an AI model created by The Clueless Agency. Launched during a challenging period for the agency, Aitana was designed as a solution to the unpredictability of working with human influencers. The virtual model has proven successful, earning up to €10,000 monthly by featuring in advertisements and modelling campaigns.
Aitana has already amassed over 343,000 Instagram followers, with some celebrities unknowingly messaging her for dates. Her creators, Rubén Cruz and Diana Núñez, maintain her appeal by crafting a detailed “life,” including fictional trips and hobbies, to connect with her audience. Unlike traditional models, Aitana has a defined personality, presented as a fitness enthusiast with a determined yet caring demeanour. This strategic design, rooted in current trends, has made her a relatable and marketable figure.
The success of Aitana has sparked a new wave of AI influencers. The Clueless Agency has developed additional virtual models, including a more introverted character named Maia. Brands increasingly seek these customisable AI creations for their campaigns, citing cost efficiency and the elimination of human unpredictability. However, critics warn that the hypersexualised and digitally perfected imagery promoted by such models may negatively influence societal beauty standards and young audiences.
Despite these concerns, Aitana represents a broader shift in advertising and social media. By democratising access to influencer marketing, AI models like her offer new opportunities for smaller businesses while challenging traditional notions of authenticity and influence in the digital age.
OpenAI has unveiled plans to transition its for-profit arm into a Delaware-based public benefit corporation (PBC). The move aims to attract substantial investment as the competition to develop advanced AI intensifies, and the proposed structure intends to prioritise societal interests alongside shareholder value, setting the company apart from traditional corporate models.
The shift marks a significant step for OpenAI, which started as a nonprofit in 2015 before establishing a for-profit division to fund high-cost AI development. Its latest funding round, valued at $157 billion, necessitated the structural change to eliminate a profit cap for investors, enabling greater financial backing. The nonprofit will retain a substantial stake in the restructured company, ensuring alignment with its original mission.
OpenAI faces criticism and legal challenges over the move. Elon Musk, a co-founder and vocal critic, has filed a lawsuit claiming the changes prioritise profit over public interest. Meta Platforms has also urged regulatory intervention. Legal experts suggest the PBC status offers limited enforcement of its mission-focused commitments, relying on shareholder influence to maintain the balance between profit and purpose.
By adopting this structure, OpenAI aims to align with competitors like Anthropic and xAI, which have similarly raised billions in funding. Analysts view the move as essential for securing the resources needed to remain a leader in the AI sector, though significant hurdles remain.
Smart home cameras have become a staple for security-conscious households, offering peace of mind by monitoring both indoor and outdoor spaces. However, new research by Surfshark exposes alarming privacy concerns, showing that these devices collect far more user data than necessary. Outdoor security camera apps top the list, gathering an average of 12 data points, including sensitive information such as precise location, email addresses, and payment details which is 50% more than other smart devices.
Indoor camera apps are slightly less invasive but still problematic, collecting an average of nine data points, including audio data and purchase histories. Some apps, like those from Arlo, Deep Sentinel, and D-Link, even extract contact information unnecessarily, raising serious questions about user consent and safety. The absence of robust privacy regulations leaves users vulnerable to data breaches, cyberattacks, and misuse of personal information.
Experts recommend limiting data-sharing permissions, using strong passwords, and regularly updating privacy settings to mitigate risks. Options such as enabling local storage instead of cloud services and employing a VPN can further protect against data leaks. While smart cameras bring convenience, they highlight the urgent need for clearer regulations to safeguard consumer privacy in the era of connected technology.
Apple has introduced an ‘Enhanced Visual Search’ feature in iOS 18, allowing users to identify landmarks in photos by matching data with a global database. While convenient, the feature has sparked privacy concerns, as it is enabled by default, requiring users to manually turn it off in settings if they prefer not to share photo data with Apple.
The feature uses on-device machine learning to detect landmarks in photos, creating encrypted ‘vector embeddings’ of image data. These are then sent to Apple for comparison with its database. While the company has reportedly implemented privacy safeguards, such as encrypting and condensing data into machine-readable formats, critics argue the feature should have been opt-in rather than opt-out, aligning with Apple’s usual privacy standards.
This toggle builds on Apple’s earlier ‘Visual Look Up’ tool, which identifies objects like plants or symbols without sending data to Apple’s servers. Privacy advocates suggest that Apple could have maintained this approach for Enhanced Visual Search, questioning why it requires shared data for similar functionality.
The debate highlights ongoing tensions between technological convenience and user privacy, raising questions about how far companies should go in enabling features that require data sharing without explicit consent.
AT&T and Verizon have confirmed cyberattacks linked to a Chinese hacking group known as “Salt Typhoon,” but assured the public on Saturday that their US networks are now secure. Both companies acknowledged the breaches for the first time, stating they are cooperating with law enforcement and government agencies to address the threat. AT&T disclosed that the attackers targeted a small group of individuals tied to foreign intelligence, while Verizon emphasised that the activities have been contained following extensive remediation efforts.
The attacks, described by US officials as the most extensive telecommunications hack in the nation’s history, reportedly allowed Salt Typhoon operatives to access sensitive network systems, including the ability to geolocate individuals and record phone calls. Authorities have linked the breaches to several telecom firms, with a total of nine entities now confirmed as compromised. In response, the Cybersecurity and Infrastructure Security Agency has urged government officials to transition to encrypted communication methods.
US Senators, including Democrat Ben Ray Luján and Republican Ted Cruz, have expressed alarm over the breach’s scale, calling for stronger safeguards against future intrusions. Meanwhile, Chinese officials have denied the accusations, dismissing them as disinformation and reaffirming their opposition to cyberattacks. Despite assurances from the companies and independent cybersecurity experts, questions remain about how long it will take to fully restore public confidence in the nation’s telecommunications security.
Goodman Group has emerged as a standout performer in Australia’s real estate sector this year, with its stock soaring 45.8%, marking its strongest run since 2006. The surge is driven by a boom in AI, which has sparked frenzied demand for data centres. Global tech giants like Amazon, Microsoft, and Meta have poured billions into expanding their data centre capacity, fueling growth for developers like Goodman.
At the end of September, 42% of Goodman’s A$12.8 billion ($7.96 billion) development portfolio was dedicated to data centres, a jump from 37% last year. Analysts like John Lockton of Sandstone Insights see this focus as a key strength, noting the company’s access to land with power supply, a critical factor for future data-centre projects.
Despite the optimism, some caution remains. Analysts warn that soaring valuations in the data-centre sector could cool investor enthusiasm. Goodman’s high stock prices and concerns over risks like obsolescence and increased competition raise questions about long-term returns. Nonetheless, with robust demand for AI infrastructure, Goodman’s pipeline and strategic positioning keep it well-poised for continued growth.
Ukraine’s largest mobile operator, Kyivstar, has partnered with Elon Musk’s Starlink to introduce direct-to-cell satellite connectivity, marking a major technological advancement for the war-torn nation. Kyivstar’s parent company, VEON, announced that messaging services will be available by late 2025, with voice and data services to follow in later stages.
Direct-to-cell technology connects satellites to smartphones, functioning like space-based cell towers. Starlink, a SpaceX subsidiary, launched its first satellites equipped with this capability earlier this year and has struck similar deals in the US, Japan, and New Zealand. Ukraine will be one of the first countries to adopt this innovation and the first active conflict zone to benefit from it.
The deal highlights Starlink’s continued support for Ukraine, despite ongoing Russian attempts to jam signals between the satellites and ground terminals. Financial terms of the agreement were not disclosed, but the move solidifies Starlink’s role in providing essential connectivity to Ukraine amid geopolitical tensions.
President-elect Donald Trump has called on the US Supreme Court to postpone implementing a law that would ban TikTok or force its sale, arguing for time to seek a political resolution after taking office. The court will hear arguments on the case on 10 January, ahead of a 19 January deadline for TikTok’s Chinese owner, ByteDance, to sell the app or face a US ban.
The move marks a stark shift for Trump, who previously sought to block TikTok in 2020 over national security concerns tied to its Chinese ownership. Trump’s legal team emphasised that his request does not take a stance on the law’s merits but seeks to allow his incoming administration to explore alternatives. Trump has expressed a newfound appreciation for TikTok, citing its role in boosting his campaign visibility.
TikTok, with over 170 million US users, continues to challenge the legislation, asserting that its data and operations affecting US users are fully managed within the country. However, national security concerns persist, with the Justice Department and a coalition of attorneys general urging the Supreme Court to uphold the divest-or-ban mandate. The case highlights the growing debate between free speech advocates and national security interests in regulating digital platforms.
