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Immigrant-focused VC Geek Ventures returns with larger checks
Immigrant founders have long played a significant role in U.S. technology, but access to early-stage capital often still depends on local networks, customer introductions and proximity to established investors. That gap has created room for a small number of venture firms focused on immigrant, diaspora and cross-border founders, a category that has grown in recent years. […]<br /> This st [...]
Tencent's Apache-licensed Hy3 takes on GLM-5.2 at half the size — and wins everywhere except coding
For the past year, the awkward secret of the open-weight model boom has been that many of the strongest Chinese releases were off-limits to a large slice of the enterprises most interested in them. License terms that excluded the European Union, the United Kingdom and South Korea meant legal teams killed deployments before engineering teams finished their evals — not just for companies headquart [...]
Kuwait cracks down on crypto miners to cut down on electricity usage
Kuwait is cracking down on cryptocurrency miners throughout the country, as reported by Reuters. Officials have blamed the practice for blackouts and for causing stress on its power grid. The country started this crackdown just before the onset of summer, which experts say could reach scorching temperatures of 125 degrees Fahrenheit.<br /> Kuwait’s Ministry of Interior said in a statement [...]