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Dogecoin Jumps after Musk Tweets Tesla Merchandise 'Buyable' with the Token

Representation of cryptocurrency Dogecoin is seen in this illustration taken November 29, 2021. (Reuters)
Representation of cryptocurrency Dogecoin is seen in this illustration taken November 29, 2021. (Reuters)
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Dogecoin Jumps after Musk Tweets Tesla Merchandise 'Buyable' with the Token

Representation of cryptocurrency Dogecoin is seen in this illustration taken November 29, 2021. (Reuters)
Representation of cryptocurrency Dogecoin is seen in this illustration taken November 29, 2021. (Reuters)

Meme-based cryptocurrency dogecoin jumped on Friday after Tesla Inc chief Elon Musk said the electric carmaker will accept it as payment for merchandise.

"Tesla merch buyable with Dogecoin," Musk tweeted.

His mid-December tweet saying such use of dogecoin will be allowed on a test basis sent the cryptocurrency up more than 20%.

Dogecoin, popular among retail investors, raced up 18% to above $0.2 after Friday's tweet.

Musk's tweets on the cryptocurrency, including the one where he called it the "people's crypto", buoyed the meme coin and caused it to soar roughly 4,000% in 2021.

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SDAIA Explores Generative AI’s Potential to Drive Industrial Innovation in Saudi Arabia

The sessions addressed global trends in adopting generative AI to boost industrial efficiency. SPA
The sessions addressed global trends in adopting generative AI to boost industrial efficiency. SPA
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SDAIA Explores Generative AI’s Potential to Drive Industrial Innovation in Saudi Arabia

The sessions addressed global trends in adopting generative AI to boost industrial efficiency. SPA
The sessions addressed global trends in adopting generative AI to boost industrial efficiency. SPA

The Saudi Data and AI Authority (SDAIA) has held a meeting in Riyadh to discuss opportunities to enhance industrial innovation in the Kingdom through generative artificial intelligence (AI).

The meeting brought together experts from the Ministry of Industry and Mineral Resources, the National Industrial Development and Logistics Program (NIDLP), and representatives of leading local and international industrial companies.

The sessions addressed global trends in adopting generative AI to boost industrial efficiency, highlighted ongoing transformations in the sector, and examined related challenges.

The event also showcased key industrial applications of generative AI that have improved operational efficiency, innovation, and sustainability in supply chains and production systems.

Participants explored the future of smart manufacturing in the Kingdom through specialized sessions, reviewing use cases in digital factory transformation, advanced platform applications in resource and process management, and modern technology solutions across education, safety, energy, and supply chain management.