Tag Archives: next-generation

SuperApp iMe AI Announces iMe Wallet 2.0, Enabling Crypto and DeFi for Nearly a Billion Telegram Users

**Dubai iMe AI SuperApp Announces Imminent Launch of iMe Wallet 2.0: A Next-Gen Crypto Wallet Embedded in Telegram**

Dubai-based iMe AI SuperApp, a cutting-edge platform integrating artificial intelligence (AI), large language models (LLMs), decentralized finance (DeFi), and social communication powered by Telegram, is excited to announce the upcoming launch of **iMe Wallet 2.0**. This next-generation, self-custodial crypto wallet is built natively into both the iMe App and Telegram Mini Apps, poised to revolutionize the way nearly one billion Telegram users interact with digital assets worldwide.

### Bringing DeFi to Billions with Seamless Integration

By embedding iMe Wallet 2.0 directly into the iMe App—which has already surpassed 17 million downloads globally—and making it instantly accessible through Telegram Mini Apps without any extra installation, iMe is removing traditional barriers to crypto adoption. Now, every Telegram user can send, receive, and manage cryptocurrency seamlessly within their chats, using only Telegram handles. This eliminates the complexity of wallet addresses and dramatically simplifies the user experience.

### Fully Non-Custodial Control and Multi-Platform Support

iMe Wallet 2.0 is a **non-custodial wallet**, meaning users retain complete control over their private keys and funds. It supports multiple seed phrases and accounts, enabling users to securely manage diversified portfolios across mobile, desktop, and web platforms. Best of all, no downloads or registration processes are required—any Telegram user can start transacting immediately, unlocking a frictionless gateway into the world of cryptocurrency.

### What Makes iMe Wallet 2.0 a Game-Changer?

– **Instant Access:** Available to all Telegram users instantly—no downloads, no friction. Just open and transact.
– **Complete Self-Custody:** Your keys, your coins, your control.
– **Integrated DeFi Tools:** Instant decentralized exchange (DEX) swaps, token charts, portfolio analytics, and NFT support—everything in one sleek, intuitive interface.
– **Easy Fiat On/Off Ramps:** Convert between crypto and fiat effortlessly, plus QR code transfers available in just two clicks.
– **AI-Powered Intelligence:** Smart AI agents provide intelligent trading, real-time market insights, and automated wallet actions.
– **Advanced Security:** Extra encryption and multi-seed architecture deliver enterprise-grade protection and peace of mind.
– **SuperApp Functionality:** Unlock full features including real-time DeFi dashboards and cross-chain automation within the iMe SuperApp.

### Highlighted Features at a Glance

– **Instant DEX Swaps**
– **Live Portfolio Analytics & Token Performance Tracking**
– **Full NFT Support**
– **Fiat On/Off Ramps & QR Code Transfers**
– **In-App Address Book**
– **Support for a Wide Range of Cryptocurrencies and Digital Assets**
– **AI-Enhanced Personalized DeFi Agents and Real-Time Market Insights**

### AI + Finance: A New Paradigm in Everyday Communication

iMe Wallet 2.0 embodies the platform’s broader mission to fuse AI with finance directly inside day-to-day communication channels. Personalized, AI-powered DeFi agents empower users to optimize their portfolios and navigate the volatile crypto market with confidence and intelligence.

### Security and Privacy as Core Principles

Security is paramount. iMe Wallet 2.0 employs an advanced encryption framework combined with multi-seed security architecture to protect user data and assets at an enterprise-grade level. This reinforces iMe’s strong commitment to user privacy, safety, and autonomy.

### Enhanced Utility for LIME Token Holders

The **LIME token**, iMe’s native utility token, receives enhanced functionality with the introduction of Wallet 2.0. LIME holders will gain access to **Power Mode**, a premium feature offering:

– Reduced transaction fees
– Free internal transfers
– Exclusive AI-enhanced DeFi tools

This functionality is designed to increase the token’s utility within the ecosystem and drive real-world adoption.

### Accelerating the Convergence of AI, Communication, and DeFi

With over 500,000 daily active users already engaging with iMe’s platform, the launch of Wallet 2.0 is set to accelerate the convergence of AI, communication, and decentralized finance. By embedding the wallet into Telegram—one of the world’s most popular messaging platforms—iMe has a unique opportunity to expand crypto adoption far beyond the traditional user base and reach new global audiences.

### A Word from the Co-Founder

“We’re bridging AI, crypto, and communication, all inside the world’s most used messenger,” said Alex, co-founder of iMe. “Our goal is simple: to bring AI and DeFi into everyday life, for everyone.”

### The Future of Finance is Here

As iMe Wallet 2.0 prepares to go live, the lines between traditional messaging, AI, and blockchain dissolve. The result is a unified ecosystem where managing digital assets is as seamless as sending a message—ushering in a new era where the future of finance is integrated into everyday life.

### About iMe AI SuperApp

iMe AI SuperApp is a Telegram-based platform combining artificial intelligence, decentralized finance, and social communication. With over 17 million downloads and powered by the LIME token, iMe offers advanced AI tools, DeFi features, and secure, self-custodial crypto solutions directly within the Telegram experience. iMe is committed to making AI and DeFi intuitive, accessible, and a natural part of everyday life.

### Download Links & Resources

– iMe AI: [https://t.me/chatgpt_ai_ime_bot?start=from_134163805](https://t.me/chatgpt_ai_ime_bot?start=from_134163805)
– iMe DeFi Wallet
– iMe SuperApp

### Contact

Alex Borutski
Email: [email protected]

*Stay tuned for the official launch of iMe Wallet 2.0 and experience the future of finance embedded in your favorite messaging app.*
https://bitcoinethereumnews.com/crypto/superapp-ime-ai-announces-ime-wallet-2-0-enabling-crypto-and-defi-for-nearly-a-billion-telegram-users/

Why This Helps Altcoins Like Best Wallet Token

**Crypto News: The Long-Awaited Spot XRP ETF May Finally Be Just Weeks Away**

Asset manager Canary Capital has filed an updated S-1, removing the “delaying amendment” that had previously stalled automatic approval—a major step toward the launch of the spot XRP ETF. Thanks to this update, the registration could go “auto-effective,” setting up a potential November 13 launch date, pending Nasdaq’s review of the firm’s 8-A filing.

The move comes immediately after Canary’s recent launches of Solana and HBAR ETFs, both of which went into effect using the same streamlined route and attracted strong early inflows. According to Bloomberg ETF strategist Eric Balchunas, this process could make XRP’s debut one of the fastest ETF approvals in crypto’s history.

Meanwhile, sentiment among regulators and analysts seems increasingly supportive. SEC Commissioner Paul Atkins has endorsed the auto-effective approach during the recent government shutdown. Bitwise CIO Matt Hougan believes an XRP ETF could attract billion-dollar inflows within months, powered by the unwavering conviction of XRP’s cult-like following, often referred to as the “XRP Army.”

Analysts are already eyeing an XRP price rally toward $10, with some projecting much higher targets, mirroring the momentum seen following the successful launch of the Rex-Osprey ETF.

### Retail Traders Shift Focus to Emerging Altcoins and Web3 Platforms

While institutions focus on the ETF boom, retail traders are shifting their attention to emerging altcoins and Web3 platforms that can thrive independently of short-term ETF cycles. One of the best examples of this movement is Best Wallet (EST), an emerging super-wallet that connects users directly to the future of decentralized finance.

### Best Wallet (EST): The Gateway to the Next Wave of Web3 Adoption

As Wall Street embraces crypto ETFs, retail investors require tools providing the same level of accessibility to on-chain finance. Best Wallet (EST) is building that crucial bridge.

Best Wallet is a next-generation Web3 super wallet designed to make crypto participation easy, secure, and rewarding. Powered by Fireblocks’ cutting-edge MPC-CMP technology, it is the first non-custodial wallet to bring multi-chain support, presale access, and decentralized trading together in a single seamless platform.

The app combines three flagship products—Best Wallet, Best DEX, and the upcoming Best Card—into a single powerful crypto hub. Users can hold and trade assets across 60+ major chains, while the Best DEX aggregator automatically hunts down the best on-chain rates for every swap. Meanwhile, the Best Card will enable users to spend their crypto anywhere, earning cashback and rewards on every purchase.

Designed with a mobile-first approach, Best Wallet provides an intuitive, all-in-one experience empowering both novice and experienced investors. Additionally, its “Upcoming Tokens” portal offers access to vetted presales, opening the door to early-stage opportunities while minimizing third-party risk.

Just as ETFs are making crypto accessible to traditional finance institutions, Best Wallet is democratizing Web3 for everyone—setting a new standard for safety, simplicity, and on-chain opportunity.

### EST Tokenomics: Staking, Momentum, and Long-Term Growth

As institutional money flows into ETFs like XRP and Solana, retail investors seek tokens that offer more than just price speculation. Best Wallet (EST) delivers yield, utility, and real ownership—everything retail investors desire.

The ongoing EST presale has already raised over $16.7 million, with tokens currently priced at $0.025875—a strong signal of confidence in the ecosystem’s long-term sustainability. By staking EST, holders can earn up to 78% APY, while unlocking governance rights and early access to new DeFi integrations within the Best Wallet ecosystem.

Every layer of Best Wallet is engineered to make Web3 participation secure, seamless, and rewarding. From its Fireblocks MPC architecture to its presale discovery hub, EST turns everyday crypto activity into an intuitive, income-generating experience.

As institutions pour into large-cap crypto ETFs, EST builds the bridge to what’s next—giving retail users direct access to growth, yield, and innovation across the decentralized economy.

**Join the Best Wallet (EST) presale today—your smart, secure gateway for real on-chain opportunities!**

*This publication is sponsored. Coindoo does not endorse or assume responsibility for the content, accuracy, quality, advertising, products, or any other materials on this page. Readers are encouraged to conduct their own research before engaging in any cryptocurrency-related activities. Coindoo will not be liable, directly or indirectly, for any damages or losses resulting from the use of or reliance on any content, goods, or services mentioned. Always do your own research.*

**About the Author**

Kosta joined the Coindoo team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He covers a wide range of current topics and writes excellent reviews, PR articles, and educational materials. His articles are frequently quoted by other news agencies.

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https://bitcoinethereumnews.com/finance/why-this-helps-altcoins-like-best-wallet-token/?utm_source=rss&utm_medium=rss&utm_campaign=why-this-helps-altcoins-like-best-wallet-token

Nel ASA (NLLSY) Q3 2025 Earnings Call Transcript

**Hakon Volldal, Chief Executive Officer**

Good morning from Oslo. We are ready to announce Nel’s Third Quarter 2025 Results Presentation.

My name is Hakon Volldal, and I am the CEO of Nel. With me today, I have our CFO, Kjell Christian Bjornsen, as well as Wilhelm Flinder, our Head of IR, Communication, and Marketing.

We have the following agenda for today’s presentation:
– Nel in brief
– Highlights from the third quarter
– A short commercial update
– A short political update
– A short technology update

As always, we will end the session with a Q&A segment, aiming to provide clear answers to your questions.

### Nel in Brief

Nel is a fully dedicated electrolyzer technology company that has been listed on the Oslo Stock Exchange since 2014. Since our founding in 1927, we have sold more than 7,000 electrolyzer stacks worldwide, now reaching over 80 countries.

Our current manufacturing capacity stands at 1.5 gigawatts, including 1 gigawatt in Norway and 0.5 gigawatts in the U.S. for PEM electrolyzers. We currently employ approximately 350 people globally.

At present, we are investing heavily in research and development to create next-generation platforms that will drive the future of the hydrogen industry. Our global sales and office network supports our collaborations with industry leaders such as Samsung, Reliance, and General Motors.

Financially, Nel remains strong with NOK 1.8 billion in cash reserves.

Our value proposition is built on our long track record and what we call an unrivaled expertise in electrolyzer technology.

We look forward to sharing more details throughout the presentation and engaging with your questions at the end.
https://seekingalpha.com/article/4834517-nel-asa-nllsy-q3-2025-earnings-call-transcript?source=feed_all_articles

The Next-Gen Xbox Will Reportedly Be The Best of Both Worlds Between a PC and a Console

How We Rate Rumors

  • 0-20%: Unlikely — Lacks credible sources
  • 21-40%: Questionable — Some concerns remain
  • 41-60%: Plausible — Reasonable evidence
  • 61-80%: Probable — Strong evidence
  • 81-100%: Highly Likely — Multiple reliable sources

Rumor Assessment: 80% Probable

The current generation of Xbox and PlayStation consoles is now more than five years old, making it well past the time we would start hearing about what the next generation of consoles will look like. We’ve seen several rumors regarding the next-generation Xbox hardware, and alongside comments from Xbox president Sarah Bond, a clearer picture of Xbox’s next console is beginning to form.

A new report from Windows Central adds more clarity by framing the upcoming Microsoft console as a fusion between the PC and console gaming experiences. This report references comments from Microsoft executives like Sarah Bond and Phil Spencer, as well as unnamed sources who spoke to Windows Central. While nothing is finalized, the emerging concept makes sense for Microsoft’s future hardware.

Both Phil Spencer and Sarah Bond have alluded to the recently released ROG Xbox Ally and Xbox Ally X handhelds as a glimpse into Microsoft’s vision for its next generation of hardware. The “Xbox Play Anywhere” initiative is becoming more prominent, with all Xbox games playable via the Xbox PC app and Xbox consoles moving forward.

According to the Windows Central report, the next-generation Xbox console will deliver a traditional console experience with its user interface and the ability to natively play console games. However, its foundation will be built on a “curated Windows gaming PC,” allowing access to popular PC game libraries including Steam, Epic Games Store, GOG, and Battle.net. This experience mirrors what is currently available on the ROG Xbox Ally X and ROG Ally handhelds, which feature the Xbox Full-Screen Experience serving as the device’s home base.

In addition to these libraries, players will also be able to access and enjoy all games currently playable on the Xbox Series X/S consoles—this includes original Xbox titles, Xbox 360 games, and the entire catalog of backward-compatible titles available on Series X/S.

Another notable feature that places this device between the PC and console worlds is the removal of the paywall for online multiplayer gaming. Since the PlayStation 3 and Xbox 360 era, console players have had to pay for online multiplayer access, unlike PC gamers who have never faced this paywall. Microsoft’s next console reportedly plans to eliminate this paywall, aligning the online multiplayer experience more closely with PC gaming standards.

Of course, this will likely coincide with changes to Microsoft’s Game Pass service, though details are still unclear and may not emerge until closer to the hardware’s release.

This proposed hybrid approach is quite interesting—it combines PC perks like access to multiple gaming libraries and free online multiplayer with the simplicity and ease-of-use that consoles provide. If Microsoft executes this vision successfully, it could reshape how gamers experience the next generation of Xbox hardware.

https://wccftech.com/next-gen-xbox-will-reportedly-be-best-of-both-worlds-between-pc-and-console/

Binance Launches $1 Billion ZEROBASE (ZBT) Airdrop and Listing, Trading Opens October 17

**Binance Lists ZEROBASE (ZBT) as 54th HODLer Airdrop Project, Launching October 17, 2025**

Binance has officially introduced ZEROBASE (ZBT) as its 54th project under the HODLer Airdrop program, marking a significant milestone in the platform’s ongoing strategy to reward long-term BNB holders and encourage participation in on-chain yield activities. The announcement, made on October 17, 2025, details the airdrop and trading plans for the new token, making ZBT one of the most anticipated listings this month among Binance’s millions of users.

### What Is ZEROBASE (ZBT)?

ZEROBASE (ZBT) is a prover network designed to enable verifiable computation and zero-knowledge (ZK) on-chain yield. The project focuses on enhancing blockchain scalability and privacy through ZK technology, a sector gaining increasing importance across the crypto ecosystem.

Built on BNB Smart Chain, Ethereum, and Base networks, ZBT aims to offer developers and enterprises verifiable computation frameworks while maintaining high performance and transparency. By operating across multiple blockchains, the network expects to enhance interoperability and reduce transaction costs—a major technical goal for next-generation decentralized systems.

At launch, ZBT will have a maximum token supply of 1 billion tokens, with an initial circulating supply of 220 million tokens, representing 22% of the total supply.

### HODLer Airdrop: 15 Million ZBT Rewards

#### How It Works

The ZBT airdrop is part of Binance’s HODLer Airdrops initiative, which rewards users who commit their BNB holdings via Simple Earn (Flexible or Locked) and On-Chain Yields products. Users who subscribed their BNB between October 11, 2025, 00:00 (UTC) and October 13, 2025, 23:59 (UTC) automatically qualified for the airdrop.

Binance will distribute 15 million ZBT tokens—equivalent to 1.5% of the total supply—to eligible users. The airdropped tokens will appear in users’ Spot Accounts at least one hour before trading begins, and distribution data will be available within 24 hours of the official announcement.

This retroactive reward system encourages BNB holders to receive rewards based on holding and staking rather than short-term trading.

### Listing Details and Market Impact

On October 17, 2025, at 13:00 UTC, Binance will open new trading pairs for ZEROBASE including:

– ZBT/USDT
– ZBT/USDC
– ZBT/BNB
– ZBT/FDUSD
– ZBT/TRY

Deposits for ZBT will open two hours earlier at 11:00 UTC, allowing traders ample time to prepare. Notably, there will be no listing fee—a gesture Binance extends to support innovative blockchain projects.

ZBT will also be tagged with a Seed Tag, indicating it as a high-potential, early-stage asset targeted at advanced users familiar with token volatility. This strategic listing approach is expected to attract high trading volumes and align with Binance’s vision of accelerating new project exposure.

As the crypto market rebounds following several months of stagnation, the launch of ZBT could renew interest in zero-knowledge infrastructure projects, which continue to attract significant funding in 2025.

### Beyond the Airdrop: Strategic Distribution and Marketing

In addition to the initial 15 million ZBT airdrop, Binance plans further token distributions to fuel liquidity and community engagement:

– An additional 15 million ZBT tokens will be airdropped.
– 10 million ZBT tokens will be rewarded post-listing.
– Another 15 million ZBT tokens will be released six months later.

This coordinated release plan aims to ensure long-term ecosystem stability without the inflation typical of early token sales. It also signals Binance’s commitment to supporting ZBT beyond its initial hype cycle, potentially driving sustained long-term demand.

The airdrop strategy resembles previous Binance listings such as LayerZero (ZRO) and Ethena (ENA), which incentivized prior engagement among ecosystem users. Analysts view this as a long-term effort by Binance to foster loyalty among BNB holders and create momentum around its Simple Earn and On-Chain Yields products.

### Eligibility and Restrictions

The HODLer Airdrops program is available to users who have completed KYC and reside in qualified jurisdictions. Binance has explicitly excluded users from the U.S., Canada, Japan, the U.K., Australia, and certain restricted regions.

Please note:

– BNB tokens used as collateral in Binance Loans (Flexible Rate) products do **not** count towards reward calculations.
– Boost Juice is supported to be eligible on staked Lista BNB (slisBNB) and slisBNB Non-Transferable Receipts (slisBNBx) within the Binance Wallet.

For Binance users interested in maximizing their rewards from this exciting launch, ensure your BNB holdings qualify during the snapshot period and stay tuned for official updates from Binance as the ZEROBASE (ZBT) trading goes live.

**Read More:**
– [Binance to List Enso (ENSO) After $1.75M Airdrop, New Cross-Chain Network Links Web2 & Web3](#)
– [Binance Unveils Its 50th HODLer Airdrop, Giving Away 32.5 Million WAL Tokens](#)
https://www.cryptoninjas.net/news/binance-launches-1-billion-zerobase-zbt-airdrop-and-listing-trading-opens-october-17/

PhonePe’s new SmartPOD smart speaker supports card payments too

**PhonePe’s New SmartPOD Smart Speaker Supports Card Payments Too**

*By Dwaipayan Roy | Oct 07, 2025, 08:03 PM*

PhonePe, a leading player in the digital payments space, has unveiled its next-generation SmartSpeaker, called SmartPOD, at the Global Fintech Fest 2025. This innovative device marks a significant step toward integrating card payments with UPI-based solutions, specifically targeting small merchants.

Designed and manufactured in India, the SmartPOD combines the functionalities of a Point-of-Sale (POS) device and a smart speaker into one compact unit, aiming to simplify digital payments for small businesses.

**Catering to Merchant Needs**

Small businesses in India primarily accept UPI payments but often miss out on sales due to the high costs and complexity of card acceptance solutions. The SmartPOD addresses this gap by offering an affordable way for smaller merchants to accept all forms of digital payments.

Yuvraj Singh Shekhawat, PhonePe’s Chief Business Officer, explained, “It’s an ideal upgrade for smaller merchants who want to accept all forms of digital payments in an affordable way and helps them tap opportunities to expand and grow their business.”

**Enhanced Device Specifications**

Building upon the popular SmartSpeaker 2.0, the SmartPOD retains features such as celebrity voice confirmations, 4G connectivity, and fast charging. It also introduces a dual-display setup — one screen for the customer and another for the merchant — ensuring transparent transaction processes.

The device supports card payments across major networks including Visa, Mastercard, RuPay, and American Express, with NFC tap and EMV chip capabilities, making it versatile and user-friendly.

**Strategic Vision and Availability**

PhonePe emphasizes that the SmartPOD aligns with its broader mission to provide affordable digital payment devices to merchants of all sizes. The company also reassures that its existing hardware solutions will remain available, enabling businesses to choose options that best suit their operational requirements.

As of March 31, 2025, PhonePe boasts over 61 crore registered users and a merchant network encompassing 4.4 crore outlets across India, underscoring its significant footprint in the digital payments ecosystem.

With the launch of SmartPOD, PhonePe continues to empower merchants, especially small businesses, to embrace comprehensive digital payment methods seamlessly and affordably.
https://www.newsbytesapp.com/news/business/phonepe-launches-smartpod-a-smart-speaker-with-card-payment-capabilities/story

PhonePe’s new SmartPOD smart speaker supports card payments too

**PhonePe’s New SmartPOD Smart Speaker Supports Card Payments Too**

*By Dwaipayan Roy | October 7, 2025, 8:03 PM*

PhonePe, a leading name in the digital payments space, has launched its next-generation SmartSpeaker, called the SmartPOD. Unveiled at the Global Fintech Fest 2025, the SmartPOD marks a significant advancement by integrating card payments alongside UPI-based solutions specifically designed for small merchants.

**Designed for Small Businesses**

The SmartPOD is designed and manufactured in India, combining the functionalities of a Point-of-Sale (POS) device and a smart speaker into one compact unit. This device caters to the growing demand among small businesses that primarily accept UPI payments but often miss out on sales due to the lack of affordable card acceptance options.

Yuvraj Singh Shekhawat, PhonePe’s Chief Business Officer, commented, “It’s an ideal upgrade for smaller merchants who want to accept all forms of digital payments in an affordable way and helps them tap opportunities to expand and grow their business.”

**Advanced Features and Specifications**

Building on the foundation of the SmartSpeaker 2.0, the SmartPOD retains popular features such as celebrity voice confirmations, 4G connectivity, and fast charging. It also introduces a dual-display setup—one screen for customers and another for merchants—to enable transparent and seamless transactions.

Importantly, the SmartPOD supports card payments from all major networks including Visa, Mastercard, RuPay, and American Express. It supports modern payment technologies like NFC tap and EMV chip, broadening the payment options available to merchants.

**Strategic Vision and Availability**

PhonePe emphasizes that the launch of SmartPOD aligns with its broader vision to provide affordable and accessible digital payment devices to merchants of all sizes. The company also confirmed that all its existing hardware solutions will remain available, allowing businesses to choose devices that best suit their operational requirements.

As of March 31, 2025, PhonePe boasts over 610 million registered users and an extensive merchant network comprising 44 million outlets across India, underscoring its dominant position in the digital payments ecosystem.

With the introduction of SmartPOD, PhonePe continues to empower small merchants by offering versatile and cost-effective payment solutions, further driving digital payment adoption across the country.
https://www.newsbytesapp.com/news/business/phonepe-launches-smartpod-a-smart-speaker-with-card-payment-capabilities/story

AMD shares surge 25% on chip supply deal with OpenAI

**AMD Shares Soar 25% Following Major AI Chip Supply Deal with OpenAI**

*By Mudit Dube | October 6, 2025*

Advanced Micro Devices (AMD) has entered into a multi-year agreement to supply artificial intelligence (AI) chips to OpenAI, marking a significant milestone for both companies. This landmark deal is expected to generate tens of billions of dollars in annual revenue for AMD and offers OpenAI an option to acquire up to a 10% stake in the chipmaker.

The partnership serves as a strong endorsement of AMD’s AI chips and software capabilities and aligns with the company’s strategic efforts to deepen its presence in the fast-expanding AI market.

**Market Reaction: Shares Surge 25%**

Following the announcement, AMD shares jumped 25% in premarket trading. Forrest Norrod, AMD’s Executive Vice President, described the deal as “certainly transformative, not just for AMD, but for the dynamics of the industry,” highlighting its potential to reshape the AI chip landscape.

The agreement involves deploying hundreds of thousands of AMD AI chips and graphics processing units (GPUs), representing a capacity of six gigawatts over several years beginning in the second half of 2026.

**OpenAI to Establish 1-Gigawatt Facility Using AMD Chips**

A key component of the deal includes OpenAI’s plan to establish a one-gigawatt facility powered by AMD’s next-generation MI450 series chips starting next year. This facility is expected to kickstart revenue generation for AMD shortly thereafter.

AMD anticipates that this partnership, combined with ripple effects from other customers, could bring in more than $100 billion in new revenue over the next four years.

**Context and Industry Impact**

OpenAI CEO Sam Altman expressed confidence that the collaboration with AMD will help the organization build sufficient AI infrastructure to support its ambitious projects.

This development follows NVIDIA’s announcement to invest up to $100 billion in OpenAI and supply at least 10 gigawatts of its systems. Meanwhile, OpenAI continues to work on developing its own AI-specific silicon in partnership with Broadcom, underscoring its multi-faceted approach to building robust AI hardware capabilities.

This deal marks a pivotal moment in the AI hardware sector, emphasizing AMD’s growing influence and OpenAI’s commitment to scaling its AI infrastructure through diverse strategic partnerships.
https://www.newsbytesapp.com/news/business/amd-inks-multi-year-ai-chip-deal-with-openai/story

Porsche 718 Boxster and Cayman to retain their combustion engines

**Porsche 718 Boxster and Cayman to Retain Combustion Engines**

*By Dwaipayan Roy | Sep 20, 2025, 06:46 PM*

**What’s the Story?**

Porsche has announced a significant shift in its electric vehicle strategy. The next-generation 718 Boxster and Cayman models will continue to offer combustion engine options for their “top” variants. This move aligns with the automaker’s broader plan to revamp the combustion engine and plug-in hybrid versions of the Cayenne and Panamera, ensuring these models remain relevant well into the 2030s, according to Porsche CEO Oliver Blume.

**Strategic Shift and Financial Impact**

As part of this strategy, Porsche will halt the development of the SSP 61 ‘Sport’ version of Volkswagen Group’s platform, resulting in a €1.8 billion financial hit. Originally, this platform was intended to support the K1 large SUV, along with electric successors for the Panamera and Taycan. Blume explained that the decision reflects a “clear drop in demand for exclusive battery-electric cars.”

**Update on the K1 Model**

The much-anticipated K1, described by Porsche as a ‘D-SUV,’ will now launch with combustion engine and plug-in hybrid variants instead of being fully electric. However, the company has not disclosed a specific launch date for this model. The change in plans follows a noticeable decline in luxury good demand in China, coupled with the US’s imposition of higher tariffs on imported vehicles.

**Financial Outlook**

These combined challenges are expected to reduce Porsche’s predicted net profit margin to around 2% for the current year. Nevertheless, the company remains optimistic about the medium-term outlook, aiming to boost margins above 10% with the introduction of new products.

Blume emphasized the company’s confidence in its revised approach:
*”This flexibility gives us a strong position with a compelling mix of combustion engines, plug-in hybrids, and battery electric vehicles.”*

With this strategic pivot, Porsche is balancing tradition and innovation to adapt to shifting market demands while maintaining its renowned performance legacy.
https://www.newsbytesapp.com/news/auto/porsche-to-offer-combustion-engines-in-next-gen-718-models/story