You're tuned in to Tech Beat, and here's what's moving markets and minds today.
Bitcoin found its footing near eighty-two thousand five hundred dollars after President Trump ruled out a strike on Iran ahead of the midterms. Still, the week has been rough for crypto — bitcoin is down around four percent, while ether has taken a harder hit, losing roughly nine percent.
Shifting to Europe, EU member states struck a significant deal Friday, agreeing to hand greater oversight of major financial markets to the European Securities and Markets Authority. The move is designed to smooth cross-border investment and make it easier for businesses to raise capital across the bloc — a meaningful step toward deeper financial integration.
And in the world of AI, a new McKinsey survey puts a number on something many in the industry already sense: eighty-eight percent of organizations now use AI in at least one business function, yet only seven percent have fully scaled it. The message is clear — getting AI out of the pilot phase and into production remains the defining challenge for most businesses right now.
Keep surfing. Tech Beat out.
