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Dogecoin Surges on Elon Musk’s Twitter Deal

[1/2] A photo of Elon Musk is displayed on a smartphone placed on representations of cryptocurrency Dogecoin in this illustration taken June 16, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
[1/2] A photo of Elon Musk is displayed on a smartphone placed on representations of cryptocurrency Dogecoin in this illustration taken June 16, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
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Dogecoin Surges on Elon Musk’s Twitter Deal

[1/2] A photo of Elon Musk is displayed on a smartphone placed on representations of cryptocurrency Dogecoin in this illustration taken June 16, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
[1/2] A photo of Elon Musk is displayed on a smartphone placed on representations of cryptocurrency Dogecoin in this illustration taken June 16, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Dogecoin surged more than 70% on Saturday, extending this week's gains after Elon Musk sealed a $44-billion deal to take over Twitter last week.

The Tesla Inc (TSLA.O) CEO, a vocal proponent of cryptocurrencies, has heavily influenced prices of dogecoin and bitcoin.

Tesla started accepting dogecoin as payment for its merchandise early this year, and Musk's newly launched perfume brand can also be bought with dogecoin, Reuters reported.

Cryptocurrency exchange Binance which has invested $500 million into Musk's buyout of Twitter, said it is brainstorming strategies on how blockchain and crypto could be helpful to Twitter.

Twitter had begun exploring ways to incorporate blockchain technology under co-founder and former CEO Jack Dorsey, who has been a proponent of bitcoin.

Musk tweeted this month that he is buying Twitter to create an "everything app". The idea of an everything app originated in Asia with companies like WeChat, which lets users not only send messages but also make payments, shop online or hail a taxi.

Musk's tweets on dogecoin, including the one where he called it the "people's crypto," have turned the once-obscure digital currency, which began as a social media joke, into a speculator's dream.

Musk who has promised to restore free speech on Twitter is being deluged with pleas and demands to reinstate accounts of banned account holders and world leaders.

He tweeted on Friday that Twitter will form a content moderation council "with widely diverse viewpoints," and said no major content decisions or account reinstatements will happen before the council convenes.

The billionaire in a tweet on Saturday said that Twitter users could in future choose a version of the social media platform they like by providing ratings on their tweets.

"Being able to select which version of Twitter you want is probably better, much as it would be for a movie maturity rating," he said.

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Technology

OpenAI's Altman Says World 'Urgently' Needs AI Regulation

OpenAI’s CEO Sam Altman speaks at the AI Summit in New Delhi, India, Thursday, Feb. 19, 2026. (AP Photo)
OpenAI’s CEO Sam Altman speaks at the AI Summit in New Delhi, India, Thursday, Feb. 19, 2026. (AP Photo)
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OpenAI's Altman Says World 'Urgently' Needs AI Regulation

OpenAI’s CEO Sam Altman speaks at the AI Summit in New Delhi, India, Thursday, Feb. 19, 2026. (AP Photo)
OpenAI’s CEO Sam Altman speaks at the AI Summit in New Delhi, India, Thursday, Feb. 19, 2026. (AP Photo)

Sam Altman, head of ChatGPT maker OpenAI, told a global artificial intelligence conference on Thursday that the world "urgently" needs to regulate the fast-evolving technology.

An organization could be set up to coordinate these efforts, similar to the International Atomic Energy Agency (IAEA), AFP quoted him as saying.

Altman is one of the hosts of top tech CEOs in New Delhi for the AI Impact Summit, the fourth annual global meeting on how to handle advanced computing power.

Frenzied demand for generative AI has turbocharged profits for many companies while fueling anxiety about the risks to individuals and the planet.

"Democratization of AI is the best way to ensure humanity flourishes," Altman said, adding that "centralization of this technology in one company or country could lead to ruin".

"This is not to suggest that we won't need any regulation or safeguards," he said. "We obviously do, urgently, like we have for other powerful technologies."

Many researchers and campaigners say stronger action is needed to combat emerging issues, ranging from job disruption to sexualized deepfakes and AI-enabled online scams.

"We expect the world may need something like the IAEA for international coordination of AI," with the ability to "rapidly respond to changing circumstances", Altman said.

"The next few years will test global society as this technology continues to improve at a rapid pace. We can choose to either empower people or concentrate power," he added.

"Technology always disrupts jobs; we always find new and better things to do."

Generative AI chatbot ChatGPT has 100 million weekly users in India, more than a third of whom are students, he said.

Earlier on Thursday, OpenAI announced with Indian IT giant Tata Consultancy Services (TCS) a plan to build data center infrastructure in the South Asian country.

Technology

Saudi Arabia Showcases Responsible Use of AI at AI Impact Summit in India

Saudi Arabia took part in a high-level session on harnessing artificial intelligence on the sidelines of the AI Impact Summit 2026 hosted by India.
Saudi Arabia took part in a high-level session on harnessing artificial intelligence on the sidelines of the AI Impact Summit 2026 hosted by India.
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Saudi Arabia Showcases Responsible Use of AI at AI Impact Summit in India

Saudi Arabia took part in a high-level session on harnessing artificial intelligence on the sidelines of the AI Impact Summit 2026 hosted by India.
Saudi Arabia took part in a high-level session on harnessing artificial intelligence on the sidelines of the AI Impact Summit 2026 hosted by India.

Saudi Arabia, represented by the Saudi Data and Artificial Intelligence Authority (SDAIA), took part in a high-level session on harnessing artificial intelligence for people, planet, and progress on the sidelines of the AI Impact Summit 2026 hosted by India, the Saudi Press agency reported on Wednesday.

The event drew participation from more than 70 countries and 25 international organizations, as well as senior decision-makers and technology experts.

The Saudi delegation, led by SDAIA President Dr. Abdullah Alghamdi, included Saudi Ambassador to India Haitham Al-Maliki and officials from relevant government entities.

The session aimed to launch a global network of specialized AI scientific institutions, accelerate discovery through advanced technologies, strengthen international cooperation among states and research bodies, and support the deployment of artificial intelligence to address global challenges and advance the United Nations Sustainable Development Goals (SDGs) 2030.

Deputy Chief Strategy Officer at SDAIA Dr. Abdulrahman Habib emphasized the need to unify international efforts to promote the responsible and ethical use of artificial intelligence, ensuring a sustainable, positive impact on societies and economies worldwide and supporting the 2030 SDGs.

He also reviewed Saudi Arabia’s data and AI initiatives, highlighting efforts to develop regulatory frameworks and national policies that balance innovation with the governance of emerging technologies, as well as applied models that have enhanced quality of life, improved government service efficiency, and advanced environmental sustainability.

SDAIA's participation in the summit underscores Saudi Arabia’s role in shaping the global future of AI and in strengthening its presence in international forums focused on advanced technologies, in line with the objectives of Saudi Vision 2030, which prioritizes digital transformation and innovation.

Technology

Google Says to Build New Subsea Cables from India in AI Push

A logo of Google is on display at Bharat Mandapam, one of the venues for AI Impact Summit, in New Delhi, India, February 17, 2026. REUTERS/Bhawika Chhabra
A logo of Google is on display at Bharat Mandapam, one of the venues for AI Impact Summit, in New Delhi, India, February 17, 2026. REUTERS/Bhawika Chhabra
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Google Says to Build New Subsea Cables from India in AI Push

A logo of Google is on display at Bharat Mandapam, one of the venues for AI Impact Summit, in New Delhi, India, February 17, 2026. REUTERS/Bhawika Chhabra
A logo of Google is on display at Bharat Mandapam, one of the venues for AI Impact Summit, in New Delhi, India, February 17, 2026. REUTERS/Bhawika Chhabra

Google announced Wednesday it would build new subsea cables from India and other locations as part of its existing $15 billion investment in the South Asian nation, which is hosting a major artificial intelligence summit this week.

The US tech giant said it would build "three subsea paths connecting India to Singapore, South Africa, and Australia; and four strategic fiber-optic routes that bolster network resilience and capacity between the United States, India, and multiple locations across the Southern Hemisphere".