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BioNexus Gene Lab adopts Ethereum $ETH as treasury asset Nasdaq-listed BioNexus Gene Lab has approved Ethereum as its primary treasury asset and released an Ethereum Strategy Whitepaper outlining its approach, according to Unfolded on X.

Artificial Intelligence (AI) chip manufacturer Nvidia has reported a record quarterly revenue of $39.3 billion, a 78% increase from the previous year. This comes on the back of growing demand for AI chips and a race to attain dominance for several countries. The sector’s growth also led to a similar result in AI coins within the crypto market. Nvidia Nets Better-Than-Expected Earning Nvidia recorded positive financial reports for Q4 2024 marking a rise in investment through the year. High points was the 78% yearly jump in revenue to $39.3 billion while a 12% growth was recorded from the Q3 2024. Its Data Center saw revenues at $35.6 billion, up 93% while total revenues from last year surged 114% to $130.5 billion. Jensen Huang, the CEO of Nvidia attributed the success to a number of factors including the demand for Blackwell AI supercomputers which makes training shorter and enhances results. Last year, Nvidia’s growth outpaced major firms dominating the financial markets as the AI frency grew. “We’ve successfully ramped up the massive-scale production of Blackwell AI supercomputers, achieving billions of dollars in sales in its first quarter. AI is advancing at light speed as agentic AI and physical AI set the stage for the next wave of AI to revolutionize the largest industries.” Last year, the company announced that it would become a tech partner for the $500 billion Stargate Project. The Data Center partnered with AWS for the NVIDIA DGX Cloud AI platform. The company’s automotive revenue surged 27% to $570 million. The company announced that Toyota will build its next-generation cars on the NVIDIA DRIVE AGX ORIN. “Partnered with Hyundai Motor Group to create safer, smarter vehicles, supercharge manufacturing, and deploy cutting-edge robotics with NVIDIA AI and NVIDIA Omniverse. Announced that the NVIDIA DriveOS safe autonomous driving operating system received ASIL-D functional safety certification and launched the NVIDIA DRIVE AI Systems Inspection Lab,” the statement read. The State of AI Coins Last year, AI coins soared alongside the crypto market but recorded periods of strong buying momentum. This was triggered by the growing interest in AI in institutional and retail markets. Despite the wider market dip, AI coins are up 1.5%, with multiple assets notching gains after Nvidia’s positive earnings. Near Protocol gained 3.2%, lowering weekly losses, while Internet Computer and Render moved up 3.9% and 4.7%, respectively. While an upward breakout remains on the cards, bear sentiments from top coins threaten recorded gains.

Memes Lab raises $2.3M Memes Lab, a project within The Open Network ( $TON ) blockchain ecosystem, has raised $2.3 million in a seed round led by Lemniscap. TVM Ventures, Animoca Brands, OKX Ventures, GSR and Amber Group also participated in the funding round, The Block reported. The investment will be used to develop an integrated platform for TON ecosystem applications.

Memes Lab raises $2.3 million in seed round led by Lemniscap

Mira Murati's new startup, Thinking Machines Lab, aims to advance AI through open science and practical applications. 💡 🤖