Bitcoin's value plummeted over 10 percent on Thursday, dropping below $65,000, its lowest point since the 2024 Presidential election, according to The Verge. This decline comes after the cryptocurrency peaked in October 2025 at over $122,000, signaling a steady downturn in recent weeks.
Meanwhile, in Silicon Valley, significant shifts are occurring within the tech industry. Several major AI-related acquisitions have taken place, as reported by Wired. Meta invested over $14 billion in Scale AI, Google spent $2.4 billion to license Windsurf's technology, and Nvidia wagered $20 billion on Groq's inference technology. These moves highlight the ongoing competition for AI talent and resources.
In other financial news, Hongkong Land launched Singapore's largest private real estate fund, valued at $6.4 billion, as detailed by Fortune. The Singapore Central Private Real Estate Fund (SCPREF) will focus on prime commercial assets in the country's central business district. CEO Michael Smith stated that the company envisions "a series of funds with high-quality investors alongside us, creating fund management revenue." The fund's initial portfolio includes several prominent buildings in Singapore's CBD.
The tech industry is also grappling with growing public skepticism towards AI, as reported by Fortune. A recent Pew Research study revealed that 50 percent of Americans are more concerned than excited about AI, a significant increase from 37 percent in 2021. In response, tech companies are hiring communications experts, with some offering up to $400,000 to defend against this negative sentiment. Anthropic has tripled the size of its communications team in recent years.
Finally, the Super Bowl continues to be a major economic driver, as highlighted by Time. The annual sporting event generates enormous revenue for its host city and the country, creating jobs and contributing to state tax coffers. Last year's Super Bowl LIX in New Orleans generated an estimated amount of revenue.
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