El Salvador has reversed its historic decision to make Bitcoin legal tender, following pressure from the International Monetary Fund (IMF). The law, enacted in 2021, required all businesses to accept Bitcoin alongside the US dollar, but many merchants struggled to adopt it. Widespread scepticism, technical issues, and Bitcoin’s volatility made it unpopular among the majority of Salvadorans.
While the policy brought some benefits, such as increased tourism and global attention, it failed to boost financial inclusion or significantly improve the economy. Reports show that by 2024, 92% of Salvadorans did not use Bitcoin for transactions, and only a small percentage of businesses accepted it. The Chivo wallet, launched to facilitate transactions, faced hacking incidents and technical difficulties, further eroding public trust.
The shift away from Bitcoin came after the IMF made it a condition for a $1.4 billion loan. El Salvador’s Congress agreed to remove Bitcoin’s legal tender status, ensuring that the government and businesses would no longer be required to accept it. However, Bitcoin remains legal for private trade, and the government has continued purchasing it, signalling an ongoing interest in cryptocurrency despite the policy change.
Thailand plans to draft a strategic plan for its semiconductor sector within 90 days, aiming to attract new investments amid the growing trade tensions between the US and China. The country’s national semiconductor board will engage a consultancy to create an industry roadmap, with Narit Therdsteerasukdi, secretary-general of the Thailand Board of Investment (BOI), leading efforts to promote the sector. As part of these efforts, Narit is also organising roadshows in the US and Japan to draw in semiconductor investments.
The semiconductor industry has faced significant disruption due to the US-China trade war, and further instability is expected as US President Donald Trump’s renewed tariffs on Chinese imports continue. Despite this, Thailand’s semiconductor sector has seen growth, with inbound investment applications reaching a decade-high of 1.14 trillion baht ($33.5 billion) in 2023. The country aims for 500 billion baht in new investments by 2029, focusing on power electronics, including semiconductors for electric vehicles, data centres, and energy storage systems.
Thailand is positioned as a key player in the global semiconductor market, ranking second among emerging economies for semiconductor manufacturing. Companies like Analog Devices, Sony, Toshiba, and Infineon have facilities in Thailand, and investment in printed circuit boards, essential for electronic devices, has also surged. Thailand’s neutral position in the ongoing trade conflict makes it an attractive destination for investors seeking stability.
However, Thailand faces stiff competition from other Southeast Asian countries, particularly Malaysia, which is aiming for over $100 billion in semiconductor investments. Despite this, Thailand’s growth potential remains strong, driven by its growing reputation as a manufacturing hub for electronics.
El Salvador has made another significant addition to its Bitcoin reserve, purchasing 12 BTC in just one day, as the cryptocurrency market saw a dip. The Central American country bought 11 Bitcoin for just over $1.1 million, with an average price of $101,816 per Bitcoin on 4 February. It later added one more BTC at $99,114, bringing its total Bitcoin holdings to 6,068 BTC, valued at over $554 million.
Despite a brief decline in Bitcoin’s price, which fell to around $96,000 before rebounding to approximately $98,000, El Salvador’s commitment to its Bitcoin strategy remains steadfast. The country’s Bitcoin Office proudly announced that El Salvador has accumulated 21 BTC in just one week and 60 BTC in the last 30 days, reinforcing the growth of its Strategic Bitcoin Reserve.
This latest round of Bitcoin purchases comes after President Nayib Bukele’s agreement with the International Monetary Fund (IMF) last month, where his government made adjustments to its Bitcoin policies. These included making Bitcoin adoption in the private sector voluntary and scaling back government involvement in the Chivo crypto wallet. However, the country’s commitment to acquiring Bitcoin remains unchanged, with further purchases planned for 2025.
Despite the IMF agreement, the government has shown no signs of abandoning its Bitcoin ambitions, continuing to buy Bitcoin even after the deal was struck. The country’s Bitcoin plans are expected to intensify, with El Salvador positioning itself as a global leader in Bitcoin adoption.
Amazon is set to unveil its long-awaited generative AI-powered Alexa, with a preview event scheduled for 26 February in New York. The update marks the most significant overhaul since the voice assistant’s launch in 2014, aiming to improve user interactions with advanced AI-driven conversations. A final decision on the product’s readiness is expected at an internal meeting on 14 February.
The new AI capabilities will allow Alexa to handle multiple requests in sequence and act on behalf of users without direct input. While initially free for a limited number of users, Amazon is considering a monthly subscription fee of $5 to $10. The company will continue offering the existing version, known as Classic Alexa, though it has reportedly stopped adding new features to it.
Despite Alexa’s early success, usage has remained limited due to a lack of major updates in recent years. The generative AI revamp is designed to make Alexa more useful for tasks like shopping, scheduling, and entertainment. Analysts suggest that even a fraction of users subscribing to the service could generate significant revenue for Amazon.
The update will rely on AI software from Anthropic, a startup backed by Amazon’s $8 billion investment. Previous attempts to launch an improved Alexa were delayed due to concerns over accuracy and performance. With the upcoming release, Amazon hopes to re-establish Alexa as a key part of everyday digital interactions.
Chinese investors are flocking to AI-related stocks, betting that the success of home-grown startup DeepSeek will propel China to the forefront of the AI race amid the escalating Sino-US technology conflict. DeepSeek’s breakthrough in developing a competitive large language model, cheaper to produce than those of US giants like OpenAI, has ignited a surge in investments, particularly in Chinese chipmakers, software companies, and data centre operators. This patriotic investment surge follows US President Donald Trump’s fresh tariffs and trade war tactics.
Shares in AI, semiconductor, and robotics firms in China and Hong Kong have seen notable increases, with the Hang Seng AI Index rising by more than 5% and related sectors climbing over 11%. Investors are optimistic about the rapid adoption of AI technologies, with industry experts predicting significant growth in AI applications by 2025. Companies such as Nancal Technology and Suzhou MedicalSystem Technology are seen as likely beneficiaries of the AI boom.
The rise of DeepSeek has also sparked discussions about the undervaluation of Chinese tech stocks compared to their US counterparts. Chinese stocks are trading at much lower price-to-earnings ratios, and analysts believe AI breakthroughs could help close this gap. While US export restrictions on Chinese tech could intensify, this may prompt further government support, driving faster growth in the AI sector.
However, not all investors are entirely convinced. Some remain cautious about the long-term profitability of AI-focused companies, with concerns that many are still far from turning a profit. Despite the optimism, the future of AI investments in China remains a delicate balancing act between technological innovation and market realities.
Tether, the world’s largest stablecoin issuer, is diving deeper into the world of artificial intelligence (AI) with several new applications in development. Tether Data, the company’s AI division, is working on a range of tools including AI Translate, AI Voice Assistant, and AI Bitcoin Wallet Assistant. These apps will focus on maintaining the privacy and self-custodial control over both data and money, according to CEO Paolo Ardoino.
The AI Bitcoin Wallet Assistant will allow users to interact with a chatbot interface to manage their BTC wallet, such as checking their balance or making transactions. Meanwhile, the AI Translate tool provides simple chatbot-based translation, and the AI Voice Assistant will enable voice responses instead of text. Tether plans to launch an open-source AI SDK platform, compatible with various devices including mobile phones and laptops.
Tether’s commitment to AI growth has been evident since 2023, with the company acquiring a stake in Northern Data Group, a European crypto miner specialising in cloud computing and generative AI. The firm also began a global recruitment drive for AI talent in March 2023, intending to innovate and set new industry standards.
The firm has been making significant strides in both the AI and crypto industries, as it reported record profits of $13 billion for 2024, and its USDT stablecoin has seen an all-time high market capitalisation of $141 billion. Tether’s AI platform is expected to launch by the end of Q1 2025.
OpenAI is set to air its first-ever television advert during the upcoming Super Bowl, marking its entry into commercial advertising. The Wall Street Journal reported that the AI company will join other major tech firms in leveraging the massive Super Bowl audience to promote its brand. Google previously used the event to highlight its AI capabilities.
The Super Bowl is one of the most sought-after advertising platforms, with high costs reflecting its enormous reach. A 30-second slot for the 2025 game has sold for up to $8 million, an increase from $7 million last year.
The 2024 Super Bowl attracted an estimated 210 million viewers, and this year’s event will take place in New Orleans on 9 February at the Caesars Superdome.
OpenAI has seen rapid growth since launching ChatGPT in 2022, reaching over 300 million weekly active users. The company is in talks to raise up to $40 billion at a $300 billion valuation and recently appointed Kate Rouch as its first chief marketing officer. Microsoft holds a significant stake in the AI firm.
Greece is taking steps to address the impact of AI on the labour market by strengthening its Labour Market Needs Assessment Mechanism and implementing retraining programs. Speaking at a conference in Brussels, Labour Minister Niki Kerameus highlighted the rapid pace of AI development and its transformative effects on the workforce. She emphasised the need for protective measures to ensure workers benefit fully from AI’s potential.
Kerameus outlined two key initiatives Greece is focusing on. The first involves mapping current and future labour market needs, especially for new skills and specialities driven by AI. The Ministry of Labour is enhancing its market needs with a diagnostic mechanism to track real-time employee skills and labour market demands.
The second initiative involves retraining programs to help workers adapt to the evolving job landscape. Kerameus reassured that while AI will continue to change how people work, it should not be feared. Greece is prioritising skills programs, particularly in digital and green sectors, and aims to involve 10% of the active workforce in these initiatives by 2026.
SKY Perfect JSAT plans to invest approximately $230 million in a new satellite constellation. The project will utilise Pelican satellites from US-based Planet Labs and will be managed through the company’s American subsidiary.
The investment marks JSAT’s entry into the Earth observation satellite business, expanding its operations beyond broadcasting and communications. The new satellite network aims to enhance data collection and imaging capabilities from low-Earth orbit.
Following the announcement, JSAT shares surged by as much as 9%. The company remains the largest operator of broadcast and communication satellites in Japan and Asia.
Luca Casarini, a prominent Italian migrant rescue activist, was warned by Meta that his phone had been targeted with spyware. The alert was received through WhatsApp, the same day Meta accused surveillance firm Paragon Solutions of using advanced hacking methods to steal user data. Paragon, reportedly American-owned, has not responded to the allegations.
Casarini, who co-founded the Mediterranea Saving Humans charity, has faced legal action in Italy over his rescue work. He has also been a target of anti-migrant media and previously had his communications intercepted in a case related to alleged illegal immigration. He remains unaware of who attempted to hack his device or whether the attack had judicial approval.
The revelation follows a similar warning issued to Italian journalist Francesco Cancellato, whose investigative news outlet, Fanpage, recently exposed far-right sympathies within Prime Minister Giorgia Meloni’s political youth wing. Italy’s interior ministry has yet to comment on the situation.
