Bitcoin holds firm as tensions rise in the Gulf

Oil markets are on edge after US airstrikes hit three of Iran’s nuclear sites, raising fears of disruption to the Strait of Hormuz. The narrow passage is vital for about 20% of the world’s oil supply.

Any obstruction could drive crude prices up to $130 per barrel and intensify global inflation pressures.

Despite the joint strikes by the US and Israel, Brent crude remains stable for now, hovering near $72 per barrel. Traders are closely watching Iran’s next move and whether shipping through the Strait will be affected.

Bitcoin, in contrast, has shown remarkable resilience. Trading above $102,600, the leading cryptocurrency has not reacted to the military escalation, reinforcing its role as a safe-haven asset during geopolitical uncertainty.

With its fixed supply and decentralised structure, Bitcoin is increasingly being seen as a hedge against inflation and instability. Its steady price amid market anxiety highlights the growing confidence in crypto during global crises.

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Apple considers buying Perplexity AI

Apple is reportedly considering the acquisition of Perplexity AI as it attempts to catch up in the fast-moving race for dominance in generative technology.

According to Bloomberg, the discussions involve senior executives, including Eddy Cue and merger head Adrian Perica, who remain at an early stage.

Such a move would significantly shift Apple, which typically avoids large-scale takeovers. However, with investor pressure mounting after an underwhelming developer conference, the tech giant may rethink its traditionally cautious acquisition strategy.

Perplexity has gained prominence for its fast, clear AI chatbot and recently secured funding at a $14 billion valuation.

Should Apple proceed, the acquisition would be the company’s largest ever financially and strategically, potentially transforming its position in AI and reducing its long-standing dependence on Google’s search infrastructure.

Apple’s slow development of Siri and reliance on a $20 billion revenue-sharing deal with Google have left it trailing rivals. With that partnership now under regulatory scrutiny in the US, Apple may view Perplexity as a vital step towards building a more autonomous search and AI ecosystem.

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Lawmakers at IGF 2025 call for global digital safeguards

At the Internet Governance Forum (IGF) 2025 in Norway, a high‑level parliamentary roundtable convened global lawmakers to tackle the pressing challenge of digital threats to democracy. Led by moderator Nikolis Smith, the discussion included Martin Chungong, Secretary‑General of the Inter‑Parliamentary Union (via video), and MPs from Norway, Kenya, California, Barbados, and Tajikistan. The central concern was how AI, disinformation, deepfakes, and digital inequality jeopardise truth, electoral integrity, and public trust.

Grunde Almeland, Member of the Norwegian Parliament, warned: ‘Truth is becoming less relevant … it’s hard and harder to pierce [confirmation‑bias] bubbles with factual debate and … facts.’ He championed strong, independent media, noting Norway’s success as “number one on the press freedom index” due to its editorial independence and extensive public funding. Almeland emphasised that legislation exists, but practical implementation and international coordination are key.

Kenyan Senator Catherine Mumma described a comprehensive legal framework—including cybercrime, data protection, and media acts—but admitted gaps in tackling misinformation. ‘We don’t have a law that specifically addresses misinformation and disinformation,’ she said, adding that social‑media rumours ‘[sometimes escalate] to violence’ especially around elections. Mumma called for balanced regulation that safeguards innovation, human rights, and investment in digital infrastructure and inclusion.

California Assembly Member Rebecca Bauer‑Kahn outlined her state’s trailblazing privacy and AI regulations. She highlighted a new law mandating watermarking of AI‑generated content and requiring political‑advert disclosures, although these face legal challenges as potentially ‘forced speech.’ Bauer‑Kahn stressed the need for ‘technology for good,’ including funding universities to develop watermarking and authentication tools—like Adobe’s system for verifying official content—emphasising that visual transparency restores trust.

Barbados MP Marsha Caddle recounted a recent deepfake falsely attributed to her prime minister, saying it risked ‘put[ting] at risk … global engagement.’ She promoted democratic literacy and transparency, explaining that parliamentary meetings are broadcast live to encourage public trust. She also praised local tech platforms such as Zindi in Africa, saying they foster home‑grown solutions to combat disinformation.

Tajikistan MP Zafar Alizoda highlighted regional disparities in data protections, noting that while EU citizens benefit from GDPR, users in Central Asia remain vulnerable. He urged platforms to adopt uniform global privacy standards: ‘Global platforms … must improve their policies for all users, regardless of the country of the user.’

Several participants—including John K.J. Kiarie, MP from Kenya—raised the crucial issue of ‘technological dumping,’ whereby wealthy nations and tech giants export harmful practices to vulnerable regions. Kiarie warned: ‘My people will be condemned to digital plantations… just like … slave trade.’ The consensus called for global digital governance treaties akin to nuclear or climate accords, alongside enforceable codes of conduct for Big Tech.

Despite challenges—such as balancing child protection, privacy, and platform regulation—parliamentarians reaffirmed shared goals: strengthening independent media, implementing watermarking and authentication technologies, increasing public literacy, ensuring equitable data protections, and fostering global cooperation. As Grunde Almeland put it: ‘We need to find spaces where we work together internationally… to find this common ground, a common set of rules.’ Their unified message: safeguarding democracy in the digital age demands national resilience and collective global action.

Track all key moments from the Internet Governance Forum 2025 on our dedicated IGF page.

Parliamentarians at IGF 2025 call for action on information integrity

At the Internet Governance Forum 2025 in Lillestrøm, Norway, global lawmakers and experts gathered to confront one of the most pressing challenges of our digital era: the societal impact of misinformation and disinformation, especially amid the rapid advance of AI. Framed by the UN Global Principles for Information Integrity, the session spotlighted the urgent need for resilient, democratic responses to online erosion of public trust.

AI’s disruptive power took centre stage, with speakers citing alarming trends—deepfakes manipulated global election narratives in over a third of national polls in 2024 alone. Experts like Lindsay Gorman from the German Marshall Fund warned of a polluted digital ecosystem where fabricated video and audio now threaten core democratic processes.

UNESCO’s Marjorie Buchser expanded the concern, noting that generative AI enables manipulation and redefines how people access information, often diverting users from traditional journalism toward context-stripped AI outputs. However, regulation alone was not touted as a panacea.

Instead, panellists promoted ‘democracy-affirming technologies’ that embed transparency, accountability, and human rights at their foundation. The conversation urged greater investment in open, diverse digital ecosystems, particularly those supporting low-resource languages and underrepresented cultures. At the same time, multiple voices called for more equitable research, warning that Western-centric data and governance models skew current efforts.

In the end, a recurring theme echoed across the room: tackling information manipulation is a collective endeavour that demands multistakeholder cooperation. From enforcing technical standards to amplifying independent journalism and bolstering AI literacy, participants called for governments, civil society, and the tech industry to build unified, future-proof solutions that protect democratic integrity while preserving the fundamental right to free expression.

Track all key moments from the Internet Governance Forum 2025 on our dedicated IGF page.

FC Barcelona documents leaked in ransomware breach

A recent cyberattack on French insurer SMABTP’s Spanish subsidiary, Asefa, has led to the leak of over 200GB of sensitive data, including documents related to FC Barcelona.

The ransomware group Qilin has claimed responsibility for the breach, highlighting the growing threat posed by such actors. With high-profile victims now in the spotlight, the reputational damage could be substantial for Asefa and its clients.

The incident comes amid growing concern among UK small and medium-sized enterprises (SMEs) about cyber threats. According to GlobalData’s UK SME Insurance Survey 2025, more than a quarter of SMEs have been influenced by media reports of cyberattacks when purchasing cyber insurance.

Meanwhile, nearly one in five cited a competitor’s victimisation as a motivating factor.

Over 300 organisations have fallen victim to Qilin in the past year alone, reflecting a broader trend in the rise of AI-enabled cybercrime.

AI allows cybercriminals to refine their methods, making attacks more effective and challenging to detect. As a result, companies are increasingly recognising the importance of robust cybersecurity measures.

With threats escalating, there is an urgent call for insurers to offer more tailored cyber coverage and proactive services. The breach involving FC Barcelona is a stark reminder that no organisation is immune and that better risk assessment and resilience planning are now business essentials.

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Tailored AI agents improve work output—at a social cost

AI agents can significantly improve workplace productivity when tailored to individual personality types, according to new research from the Massachusetts Institute of Technology (MIT). However, the study also found that increased efficiency may come at the expense of human social interaction.

Led by Professor Sinan Aral and postdoctoral associate Harang Ju from MIT Sloan School of Management, the research revealed that human workers collaborating with AI agents completed tasks 60% more efficiently. This gain was partly attributed to a 23% reduction in social messages between team members.

The findings come amid a surge in the adoption of AI agents. A recent PwC survey found that 79% of senior executives had implemented AI agents in their organisations, with 66% reporting productivity gains. Agents are used in roles ranging from customer support to executive assistance and data analysis.

Aral and Ju developed a platform called Pairit (formerly MindMeld) to examine how AI affects team dynamics. In one of their experiments, over 2,000 participants were randomly assigned to human-only teams or teams mixed with AI agents. The groups were tasked with creating advertisements for a think tank.

Teams that included AI agents produced more content and higher-quality ad copy, but their human members communicated less, especially regarding emotional and rapport-building messages.

The study also highlighted the importance of matching AI traits to human personalities. For example, conscientious humans worked more effectively with open AI agents, whereas extroverted humans underperformed when paired with highly conscientious AI counterparts.

‘AI traits can complement human personalities to enhance collaboration,’ the researchers noted. However, they stressed that the same AI assistant may not suit everyone.

The insight underpins the launch of their new venture, Pairium AI, which aims to develop agentic AI that adapts to individual work styles. The company promotes its mission as ‘personalising the Agentic Age.’

Ju emphasised the importance of compatibility: ‘You don’t work the same way with all colleagues—AI should adapt in the same way.’

Devanshu Mehrotra, an analyst at Gartner, described the research as groundbreaking. ‘This opens the door to a much deeper conversation about the hyper-customisation of AI in the workplace.’

Looking ahead, Aral and Ju plan to explore how personalised AI can assist in negotiations, customer support, creative writing and coding tasks. Their findings suggest fitting AI to the user may become as critical as managing human team dynamics.

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Perplexity AI bot now makes videos on X

Perplexity’s AI chatbot, now integrated with X (formerly Twitter), has introduced a feature that allows users to generate short AI-created videos with sound.

By tagging @AskPerplexity with a brief prompt, users receive eight-second clips featuring computer-generated visuals and audio, including dialogue. The move is as a potential driver of engagement on the Elon Musk-owned platform.

However, concerns have emerged over the possibility of misinformation spreading more easily. Perplexity claims to have installed strong filters to limit abuse, but X’s poor content moderation continues to fuel scepticism.

The feature has already been used to create imaginative videos involving public figures, sparking debates around ethical use.

The competition between Perplexity’s ‘Ask’ bot and Musk’s Grok AI is intensifying, with the former taking the lead in multimedia capabilities. Despite its popularity on X, Grok does not currently support video generation.

Meanwhile, Perplexity is expanding to other platforms, including WhatsApp, offering AI services directly without requiring a separate app or registration.

Legal troubles have also surfaced. The BBC is threatening legal action against Perplexity over alleged unauthorised use of its content for AI training. In a strongly worded letter, the broadcaster has demanded content deletion, compensation, and a halt to further scraping.

Perplexity dismissed the claims as manipulative, accusing the BBC of misunderstanding technology and copyright law.

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Lawsuits pressure Strategy over Bitcoin losses

Michael Saylor’s Strategy, the largest corporate Bitcoin holder, is under pressure after reporting a $5.9 billion unrealised Q1 loss. The loss came after a new FASB rule requiring crypto assets to be valued at market price.

Investors allege the company failed to disclose the impact of the change, resulting in a sharp drop in share price.

The lawsuit, led by investor Abhey Parmar, claims executives breached fiduciary duties by downplaying Bitcoin volatility and misrepresenting the effects of the accounting shift.

CEO Phong Le and CFO Andrew Kang are accused of selling nearly $31.5 million in shares before the changes were made public. The move has raised concerns about insider trading and corporate governance.

A second class-action lawsuit has been filed, intensifying scrutiny of Strategy’s reporting practices. Despite the legal challenges, the company’s stock has gained around 28% year-to-date, reflecting persistent investor interest in its Bitcoin strategy.

Saylor’s cryptic social media activity has sparked speculation about more Bitcoin purchases. With over 592,000 BTC held—worth nearly $60 billion—Strategy’s continued accumulation signals a strong commitment to its crypto-first approach, even as legal risks grow.

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OpenAI and Microsoft’s collaboration is near breaking point

The once-celebrated partnership between OpenAI and Microsoft is now under severe strain as disputes over control and strategic direction threaten to dismantle their alliance.

OpenAI’s move toward a for-profit model has placed it at odds with Microsoft, which has invested billions and provided exclusive access to Azure infrastructure.

Microsoft’s financial backing and technical involvement have granted it a powerful voice in OpenAI’s operations. However, OpenAI now appears determined to gain independence, even if it risks severing ties with the tech giant.

Negotiations are ongoing, but the growing rift could reshape the trajectory of generative AI development if the collaboration collapses.

Amid tensions, Microsoft evaluates alternative options, including developing AI tools and working with rivals like Meta and xAI.

Such a pivot suggests Microsoft is preparing for a future beyond OpenAI, potentially ending its exclusive access to upcoming models and intellectual property.

A breakdown could have industry-wide repercussions. OpenAI may struggle to secure the estimated $40 billion in fresh funding it seeks, especially without Microsoft’s support.

At the same time, the rivalry could accelerate competition across the AI sector, prompting others to strengthen or redefine their positions in the race for dominance.

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Coinbase gains MiCA approval in EU

Coinbase has secured regulatory approval under the EU’s MiCA framework, allowing it to operate across all 27 member states. Luxembourg’s financial regulator, CSSF, licensed the exchange, making it the first US crypto firm fully recognised under MiCA.

After approval, Coinbase announced it would move its European headquarters from Ireland to Luxembourg. The country’s progressive stance on digital finance, including four blockchain laws in recent years, made it a strategic choice for the exchange.

MiCA aims to unify crypto regulations across the EU, offering clear rules and consumer protections while reducing regulatory fragmentation. Coinbase’s endorsement of the CSSF highlights the role Luxembourg is playing in shaping digital policy in Europe.

With this move, Coinbase joins a growing list of global exchanges — including Bybit, Crypto.com, and OKX — positioning themselves for broader European expansion under MiCA’s regulatory framework.

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