29 May 2025, 15:50

Grammarly is set to become a full AI platform, raises $1 billion in non-dilutive funding

Grammarly has raised $1 billion from General Catalyst in non-dilutive financing to broaden its artificial intelligence tools to become a complete productivity platform. On Thursday, the company said it will channel the new funds into its sales and marketing budgets and make strategic acquisitions of companies or tools that fit its goals. According to a Reuters report , the company plans to use its AI technology to develop new tools aimed at making everyday communication smoother and more efficient. It also hopes to open its platform to third-party developers. Those apps will be open to Grammarly’s 40 million daily users. General Catalyst provided the money through its Customer Value Fund, or CVF, which is meant to speed growth in late-stage tech companies. The recent $1 billion boost is one of the largest deals to come out of that fund since it launched. Instead of taking a share of the company, General Catalyst will earn a capped return based on new revenue that Grammarly generates by using the funding for marketing and sales efforts. In effect, GC will receive a set percentage of the extra revenue brought in by the added customer growth. This arrangement lets the writing assistant service expand its user base while avoiding the sale of company stock or giving up control over its business direction. Grammarly is set to become a full AI platform Grammarly , based in San Francisco, started in 2005 with the goal of helping people write clearly. Over the years, it has grown into a popular writing assistant used by millions for grammar and style suggestions. Today, the company brings in more than $700 million in revenue each year and is profitable. In December, Grammarly named Shishir Mehrotra as CEO. Mehrotra had led the productivity platform Coda before, and his hire points to the company’s plan to build more workplace tools powered by AI. “As Grammarly is going through a huge transformation of going from being what is mostly known as a single-purpose agent to being an agent platform, it just felt very important for us to be able to bet big in our product development and in M&A as well as in our growth strategies,” Mehrotra said in an interview. Mehrotra said the company has an eventual goal to go public, although there are no immediate plans for an initial offering. “I’m right now just focused on making sure we’re innovating with new products, growing as fast as we can,” he said. “But when we feel ready, we’ll go public.” He said taking the company public would depend on meeting its goals first. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

29 May 2025, 15:43

Ruvi AI (RUVI) Draws Dogecoin (DOGE) Investors Looking To Transform $7,500 Into $1M in 6 Months

Ruvi AI (RUVI) is the talk of the town in the crypto space as Dogecoin (DOGE) investors are looking for the next big thing. With its combination of blockchain and AI, Ruvi AI promises exponential returns and can turn a $7,500 investment into $1 million in 6 months. Is this newcomer the smarter play for long term profits? Dogecoin’s Origin Story and Its Limitations Dogecoin was born as a joke in 2013 from the popular “Doge” meme. Over the years it grew into one of the most visible cryptocurrencies, mainly driven by community support and high profile endorsements like Elon Musk’s tweets. At its peak in 2021 Dogecoin went up to $0.73 and made millionaires overnight. But beneath the viral fame lies a series of problems. Dogecoin heavily relies on market sentiment and has no real world utility. Its inflationary structure which creates unlimited supply further limits its ability to sustain long term value. While Dogecoin’s growth rewarded early adopters, its potential for future exponential gains is now limited and many investors are looking for more utility backed alternatives. Ruvi AI’s Revolutionary Approach Ruvi AI (RUVI) has entered the crypto space with a mission to change the game. Blending blockchain with artificial intelligence, Ruvi AI provides a decentralized platform for content generation. This technology allows users to create AI driven text, images, videos and audio assets, solving real world problems in industries like marketing, entertainment and automation. Unlike Dogecoin which thrives on hype, Ruvi AI is built on substance. The $RUVI token serves multiple purposes, from unlocking AI tools to staking and voting within the platform’s ecosystem. With a focus on utility and innovation, Ruvi AI offers tangible value that appeals to forward thinking investors. A Star Presale Performance Ruvi AI’s presale has been a hit, with Phase 1 priced at $0.010 per token selling out in 2 weeks. Early investors have already seen a 50% price bump as Phase 2 is now offering $RUVI at $0.015.Over 1,400 investors have joined Ruvi AI and the project has listed its first token and partnered with an exchange with more announcements coming soon. This shows Ruvi AI can execute and meet its milestones and gives more confidence to its growing community. $7,500 Could Turn Into $1 Million Ruvi AI’s VIP 5 investment tier shows its incredible potential. Here’s how a $7,500 investment in Phase 2 could turn into $1 million. VIP 5 Threshold : To qualify, you need to invest 500,000 $RUVI at $0.015 per token which is $7,500. Bonus : VIP 5 participants get 100% bonus, so another 500,000 tokens for free. Total Tokens : 1,000,000 $RUVI. Value At Listing Price ($0.07) : If these tokens are priced at $0.07 after listing, the value would be $70,000. Value at Predicted Price ($1) : With analysts predicting $RUVI to hit $1 after listing, this investment would be $1 million in months. This kind of exponential growth is why investors are buzzing about Ruvi AI. Ruvi AI vs Dogecoin for Exponential Gains The comparison between Dogecoin and Ruvi AI is clear: their paths are different. Dogecoin is speculative and relies on hype for sporadic and unpredictable gains. Ruvi AI’s use of blockchain and AI technology positions it for sustained growth. By solving real world problems and delivering tangible use cases, Ruvi AI offers more value for long term investors. The low entry price of $0.015 per token and structured bonuses makes it an even more attractive project. Ruvi AI’s Rapid Progress The timing is now. With presale Phase 2 ongoing, you can get in early at $0.015 per token. With its milestones, community support and breakthrough technology Ruvi AI could be the next big one in crypto.Thinking of moving from Dogecoin to a utility based, game changing platform? $7,500 today could turn you into a millionaire by the end of the year. Learn More Buy RUVI: https://presale.ruvi.io Website: https://ruvi.io Whitepaper: https://docs.ruvi.io Telegram: https://t.me/ruviofficial Twitter/X: https://x.com/RuviAI Try RUVI AI: https://web.ruvi.io/register

29 May 2025, 15:37

Bitget Wallet Partners With Coinpal to Let Users Spend Crypto at 6,000+ Online Merchants

Bitget Wallet, a non-custodial crypto wallet, has partnered with payments platform Coinpal to make it easier for users to spend digital assets across a wide range of online retailers. The move connects Bitget Wallet users to over 6,000 merchants already working with Coinpal, which include businesses in gaming, electronics, fashion and software. This partnership also brings Coinpal in as a channel partner for Paydify, Bitget Wallet’s decentralized payments infrastructure. Paydify enables crypto payments through QR codes and APIs, settling transactions in stablecoins instantly. The system aims to simplify crypto acceptance for merchants. Bitget Wallet’s latest tools are part of a broader push to make crypto usable beyond speculation. Users can now pay via a ‘Scan to Pay’ feature and upcoming updates will allow integration with Solana Pay and national QR code systems in select countries — converting crypto to local currencies automatically and at low cost. “Our work with Coinpal makes crypto payments more accessible,” said Bitget Wallet COO Alvin Kan. “We’re building tools that help people spend their assets in the real world.” Bitget Wallet plans to expand this payment system into physical retail settings to further grow its ecosystem.

29 May 2025, 15:30

The New York Times has agreed to license its editorial content to Amazon

The New York Times Company agreed on May 29 to license its editorial content to Amazon. The news agency revealed it would allow Amazon to use its editorial content on its artificial intelligence platforms. The news organization said the agreement will bring editorial content to various Amazon customer experiences. The New York Times also revealed that besides articles, the agreement encompasses materials from NYT Cooking, The Time’s food and recipe site, and The Athletic, which focuses on sports. The Times editorial content to train Amazon’s AI models The New York Times Company and Amazon Announce Licensing Agreement. https://t.co/piYGWoBslA — NYTimes Communications (@NYTimesPR) May 29, 2025 The Times sued OpenAI and Microsoft in 2023 for copyright infringement but has changed course and is now letting its editorial content appear across Amazon platforms. The news company accused the tech companies of using millions of articles published by The Times to train automated chatbots without compensation. Both tech companies have rejected those accusations. NYT recorded $4.4 million in pretax litigation costs in the first quarter related to its copyright lawsuit against Microsoft and OpenAI. The firm acknowledged that it was the first time the Times agreed to a licensing agreement focusing on generative AI technology. The New York Times did not disclose the financial terms of the licensing deal with Amazon. “The deal is consistent with our long-held principle that high-quality journalism is worth paying for. It aligns with our deliberate approach to ensuring that our work is valued appropriately, whether through commercial deals or through the enforcement of our intellectual property rights.” – Meredith Kopit Levien , Chief Executive of The Times. The company said that Amazon’s use of its editorial content could extend to the Alexa software found on its smart speakers. The Times also noted that materials from its editorial content will also be used to train Amazon’s property AI models. Media companies explore licensing opportunities with AI companies The Times’ approach to AI reflects the various steps that media companies are taking towards artificial intelligence. Last month, the Washington Post entered into a strategic partnership with OpenAI to make its editorial content more accessible in ChatGPT. The firm said ChatGPT will display summaries, quotes, and links to original reports from the Washington Post in response to relevant search queries. Vox Media also signed a content licensing deal with OpenAI in May 2024. The firm’s president, Pam Wasserstein, said the deal gives the AI company access to Vox’s current content, as well as the entire archive of its journalistic work, to train ChatGPT and other models. The Atlantic Union signed a similar deal with the Microsoft0backed AI giant during the same period. Communications chair of Vox’s union, Amy McCarthy, argued that the media companies had aired concerns about the environmental impact of the power needed to run large language models, such as those at OpenAI. She added that publishers that strike deals with AI providers must discuss and negotiate with unions about the changes. The Atlantic Union suggested last year that AI shouldn’t be used to replace writing, fact-checking, copy editing, and illustrations. The firm also proposed that writers should use AI at their discretion, in accordance with journalistic principles and ethics, but they can’t be made to use it. Principal of YPB Global LLC and FIPP chair Yulia Petrossian Boyle believes that content creators and AI companies will deepen their relationships over the next few years. Boyle also argued that as AI players try to secure more original content, those relationships must transition from one-off deals to well-structured, ethical partnerships with strict IP protection and meaningful revenue for publishers. DCN contributor Daman Radcliffe points out that AI licensing agreements for some media companies offer an alluring mix of copyright protection and monetization opportunities. He noted that publishers are discovering they must balance the potential for monetization with the need to protect intellectual property rights and ensure responsible AU usage. According to a recent INMA report , companies considering licensing deals need to understand the value of their content in an AI-driven market. They also have to negotiate attribution and compensation models that align with business goals. The report emphasizes the importance of advocating for responsible AI practices, including transparency in data usage. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites

29 May 2025, 15:20

AI Chips: NVIDIA and AMD Launch New Models in China Amidst US Restrictions

BitcoinWorld AI Chips: NVIDIA and AMD Launch New Models in China Amidst US Restrictions The world of technology is constantly evolving, with AI and its underlying hardware playing a crucial role. For those following the crypto and tech markets, understanding the flow of advanced semiconductors, particularly AI chips , is key. Recent developments indicate a significant shift as major players like NVIDIA and AMD adapt to global trade policies, specifically concerning the lucrative market in China . Navigating US Restrictions : A Strategic Move The United States government has implemented stringent restrictions on the export of advanced semiconductor technology to China. These measures aim to limit China’s access to cutting-edge hardware that could be used for military or strategic purposes. This has created a complex environment for global chip manufacturers like NVIDIA and AMD, who rely heavily on the Chinese market for a significant portion of their revenue. To navigate these regulations and maintain market presence, these companies are developing and selling modified versions of their powerful AI GPUs. These new chips are designed to fall below the performance thresholds set by US export controls while still offering capabilities suitable for various AI workloads in China. New AI Chips for the Chinese Market According to reports from Taiwanese tech publication Digitimes, citing supply chain sources, both NVIDIA and AMD are preparing to launch new AI-focused chips specifically tailored for the Chinese market. This move is a direct response to the need for compliance with US export rules. NVIDIA’s Strategy: NVIDIA is reportedly planning to introduce a stripped-down AI GPU, currently known by the codename “B20.” This chip is expected to be built on its latest Blackwell architecture, offering a balance between performance and compliance. Earlier reports suggested a budget AI chip for China priced between $6,500 and $8,000, significantly less than the $10,000-$12,000 price point for their H20 GPUs, which faced export hurdles. AMD’s Approach: AMD is also targeting AI workload needs in China with its new Radeon AI PRO R9700 workstation GPU. While specific details on its compliance modifications were not as widely reported initially, the intent is clear: provide a viable AI solution that meets regulatory requirements. These new chips are anticipated to become available in China as early as July, allowing Chinese companies to access hardware necessary for their AI development and deployment, albeit with reduced performance compared to the most advanced models available elsewhere. Financial Impact on NVIDIA The US restrictions have had a tangible financial impact on companies like NVIDIA. The inability to freely sell their high-end chips in China has resulted in significant revenue losses. NVIDIA recently reported a substantial $4.5 billion charge in Q1 related to licensing requirements that affected its ability to sell the H20 AI chip in China. Furthermore, the company couldn’t ship an additional $2.5 billion worth of H20 chips during that quarter due to these restrictions. Looking ahead, NVIDIA has projected that these licensing requirements will result in an estimated $8 billion hit to the company’s revenue in Q2. This highlights the critical importance of the Chinese market to NVIDIA’s bottom line and the necessity of developing compliant products like the new B20 chip to mitigate these losses. What This Means for the China Market For the Chinese market, the availability of these new compliant AI chips from NVIDIA and AMD is a crucial development. While not as powerful as their unrestricted counterparts, these chips still offer significant capabilities for training and running AI models. This allows Chinese tech companies to continue their rapid advancements in AI, albeit potentially at a different pace or with adjustments to their hardware strategies. The situation also encourages domestic Chinese chip manufacturers to accelerate their development of competitive AI hardware. However, for the immediate future, chips from NVIDIA and AMD remain highly sought after due to their performance, ecosystem, and software support. Looking Ahead: Compliance and Innovation The introduction of these new chips by NVIDIA and AMD demonstrates a strategic balance between complying with US restrictions and serving the critical China market. It underscores the global complexities of the technology supply chain and the ongoing tension between national security concerns and international trade. As the AI landscape continues to evolve, so too will the strategies of chip manufacturers. The focus will likely remain on developing innovative hardware that meets the diverse needs of global markets while navigating the ever-changing regulatory environment. The success of these new compliant AI chips in China will be a key indicator of how effectively companies can adapt to these challenges. To learn more about the latest AI market trends, explore our article on key developments shaping AI features. This post AI Chips: NVIDIA and AMD Launch New Models in China Amidst US Restrictions first appeared on BitcoinWorld and is written by Editorial Team

29 May 2025, 15:12

I'm Not Betting Against Trump: Initiating Trump Media With A Buy

Summary I'm initiating a buy on Trump Media & Technology Group Corp. due to its oversold technical setup and potential for a near-term bounce as sentiment stabilizes. Despite limited fundamentals and high volatility, I see the stock's current price as an attractive entry, especially with support at $19-$20. Trump Media's pivot to Bitcoin and blockchain, while risky, aligns with its core audience and could create new monetization opportunities. Valuation is speculative, but with sentiment so low, I believe a rebound is likely, and I recommend adding during the current weakness. I hereon share my sentiment on DJT stock and why I see more upside ahead. Investment thesis: Technical analysis Trump Media & Technology Group Corp. ( DJT ), President Donald Trump’s media company, has been among the worst-performing stocks after the April dip: the stock is down over 37% year to date, which is precisely why I’m initiating the stock with a buy. Technical factors drive my bullish call; with the stock leaning into oversold territory and recovering from overbought territory earlier this month, I think the stock could run, and this is looking like a nice play for the near-term. The stock also trades below all its moving averages, with EMA21 and EMA50 acting as near-term resistance at $24. I think a break above these EMAs should support a comeback. Still, the $19- $20 levels act as support, and a break below these levels risks retesting the $15 April lows (my worst-case scenario floor). With limited revenue, political uncertainty, and speculations about the latest crypto announcement, I am not betting on the company’s fundamentals just yet. All I’m saying is: the setup is ripe for a bounce as sentiment stabilizes, and investors are best positioned to enter at the current price, or around the next support lines: $19 and $20. Yahoo Finance Like Tesla ( TSLA ), this stock often trades more on hype and headlines than fundamentals, in my opinion, earning a spot as a "meme stock." While the risk of investing in such a stock is high, I think the stock presents an attractive entry point at current levels, especially after investors digest what are now considered negatives for the company. I beg to differ. So why was the stock down around 7% on Wednesday, and what negatives have been priced in? What happened last Tuesday? With Bitcoin (BTC-USD) trading near record highs, the company wants a place at the table and is borrowing a page straight from the MicroStrategy ( MSTR ) playbook, where crypto becomes the business model. Earlier this week, Trump Media announced plans to raise $2.5 billion, a sum it intends to convert into a Bitcoin reserve, from about 50 institutional investors, with $1.5 billion in common shares and $1 billion in convertible senior notes. Where others reinvest in software or platform development, this move places cryptocurrency at the heart of the company’s corporate strategy, further mirroring Trump’s goal to create a “strategic bitcoin reserve” for the U.S. government. Investors got spooked, and everyone and their grandmother turned bearish on the stock after the announcement. I made the MicroStrategy comparison, but things look a bit different for Trump Media. MicroStrategy has decades of enterprise software revenue to fall back on, but Trump Media is still in its early innings, with limited revenue and no profitability in sight. According to the form 10-Q reported in early May, the company “generated limited advertising revenue through Truth Social and no advertising revenue through our newly launched streaming operations, Truth+.” Yes, allocating a large sum to Bitcoin, an extremely volatile asset, could make matters worse and distract from building out core business functions. But I think the market is sleeping on the opportunity ahead. According to the company’s CEO, Devin Nunes, Trump Media views Bitcoin as : “an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets. Our first acquisition of a crown jewel asset, this investment will help defend our Company against harassment and discrimination by financial institutions.” Trump Media isn’t your typical media company; it’s politically driven and is built on narratives that challenge mainstream institutions. By embracing Bitcoin, the company is aligning itself with themes of financial independence, and through that, it resonates more strongly with its core audience. According to Nunes, the move will help enable crypto-based subscription payments and support the development of a Truth Social utility token (a proprietary digital currency designed for transactions within the platform’s blockchain ecosystem). Call me an optimist, but I think this gives the company a new digital economy to build around, in turn reducing reliance on traditional advertising and monetization, which have both been limited so far, as I mentioned above. Trump and Bitcoin: During his first term, Trump had a completely different sentiment on bitcoin, and called it “not money,” but things have changed drastically since then. During his 2024 presidential campaign, Trump became the first major U.S. candidate to accept crypto donations, and since returning to office, he has launched his own cryptocurrency, the $TRUMP meme coin. Just last week, Trump hosted a dinner at a high-end golf club in Virginia to honor 220 of the token’s top investors, while the top 25 investors enjoyed more special access. While marketed as a gesture of appreciation, the event got backlash from ethics watchdogs, claiming it highlights overlaps between Trump’s public duties and private financial interests. According to U.S . Senators Adam Schiff and Elizabeth Warren in a letter to the Office of Government Ethics, "The American people deserve the unwavering assurance that access to the presidency is not being offered for sale to the highest bidder in exchange for the President's own financial gain.” Valuation and what’s next: Valuation is through the roof, and the recent price movement is indicative of extreme speculation of the company’s latest moves rather than business fundamentals, which continue to struggle regardless. YChart The company has seen a steep valuation reset from the beginning of the year, with shares down nearly 37% so far. The company’s EV/Sales and Price/Book ratios have compressed by 41.7% and 35.4%, respectively, and its Price/Sales ratio has also dropped another 26%. This might seem like the market is “de-risking” the name, but a closer look suggests otherwise, at least in my opinion. Fortunately, the stock trades on momentum, and when sentiment bottoms out like it is now, a comeback is overdue. After repeated efforts to grow the business through more conventional means failed to yield results, Trump Media is now pivoting and embracing Bitcoin and blockchain narratives, something I think the company will reap the fruits of in the long term. Still, with a shift so drastic comes heightened investor scrutiny. Many are asking the question: Is this latest move a strategic breakthrough or just another distraction? I’m choosing to look at the glass half full, and I’m advising investors to add on the current panic.