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3 stories in Business · Updated live
Georgia partners with Tether to launch stablecoin GELT backed by the Georgian Lari
Georgia has announced a partnership with Tether to launch GELT, a stablecoin representing the Georgian Lari. This initiative is driven by Georgia's ambition to enhance its financial infrastructure and position itself as a crypto hub. The successful implementation of GELT could inspire other nations to explore similar partnerships with cryptocurrency issuers, potentially leading to broader acceptance of stablecoins in global finance.
Cognition AI startup secures over $1 billion funding at $26 billion valuation
Cognition has raised over $1 billion in funding, achieving a valuation of $26 billion. This surge in valuation, which has more than doubled since September, is driven by increasing investor interest in AI technologies for software development. The long-term implication suggests that Cognition's success may lead to further innovations and applications in the AI-driven software development landscape.
Fireworks AI seeks funding to achieve $15 billion valuation
Fireworks AI is currently in discussions to secure funding that would elevate its valuation to $15 billion. This significant increase from its previous $4 billion valuation in October 2025 is driven by the rising demand for AI technologies and competition in the sector. If successful, this funding could enhance Fireworks AI's capabilities and solidify its position in the rapidly evolving AI landscape.
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Cognition AI startup secures over $1 billion funding at $26 billion valuation
Cognition has raised over $1 billion in funding, achieving a valuation of $26 billion. This surge in valuation, which has more than doubled since September, is driven by increasing investor interest in AI technologies for software development. The long-term implication suggests that Cognition's success may lead to further innovations and applications in the AI-driven software development landscape.
Fireworks AI seeks funding to achieve $15 billion valuation
Fireworks AI is currently in discussions to secure funding that would elevate its valuation to $15 billion. This significant increase from its previous $4 billion valuation in October 2025 is driven by the rising demand for AI technologies and competition in the sector. If successful, this funding could enhance Fireworks AI's capabilities and solidify its position in the rapidly evolving AI landscape.
Georgia partners with Tether to launch stablecoin GELT backed by the Georgian Lari
Georgia has announced a partnership with Tether to launch GELT, a stablecoin representing the Georgian Lari. This initiative is driven by Georgia's ambition to enhance its financial infrastructure and position itself as a crypto hub. The successful implementation of GELT could inspire other nations to explore similar partnerships with cryptocurrency issuers, potentially leading to broader acceptance of stablecoins in global finance.