Innovate NY Backs Andrew Cuomo for Mayor; Championing Public Benefit Stablecoins With $779 Million

Hacker Noon — AIWednesday, October 29, 2025 at 7:12:10 PM
Innovate NY has thrown its support behind Andrew Cuomo's mayoral campaign, highlighting his commitment to advancing public benefit stablecoins with a substantial investment of $779 million. This endorsement is significant as it reflects a growing trend towards integrating cryptocurrency into public finance, potentially transforming how cities manage resources and engage with their communities.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Nokia Stock Soars After Nvidia's $1B Stake: What Investors Need To Know
PositiveArtificial Intelligence
Nokia's stock has seen a remarkable surge of nearly 25% this week, following Nvidia's announcement of a substantial $1 billion equity investment in the company. This significant financial backing not only boosts investor confidence but also positions Nokia for potential growth in the tech sector. For investors, this development is crucial as it signals Nvidia's belief in Nokia's future prospects, making it an exciting time to watch how this partnership unfolds.
Microsoft now owns 27% of OpenAI as the company shifts to a for-profit model
PositiveArtificial Intelligence
Microsoft's acquisition of a 27% stake in OpenAI marks a significant shift as the company transitions to a for-profit model. This move not only strengthens Microsoft's position in the AI landscape but also highlights the growing importance of profit-driven innovation in technology. As OpenAI aims to enhance its capabilities and expand its offerings, this partnership could lead to groundbreaking advancements in artificial intelligence, benefiting both companies and the industry as a whole.
IRS Direct Deposit Stimulus: Will November IRS Checks Bring $1,400 Relief Boost?
NegativeArtificial Intelligence
The IRS has clarified that there will be no federal $1,400 relief checks issued in November 2025, debunking myths surrounding direct deposits. However, residents in states like New York can expect state inflation rebates, such as a $200 payment. This news is significant as many were hoping for additional federal support amidst ongoing economic challenges, highlighting the importance of understanding the difference between federal and state assistance.
When Global VCs Meet Indian Climate Tech
PositiveArtificial Intelligence
The recent meeting between global venture capitalists and Indian climate tech innovators marks a significant step towards sustainable investment in India. This collaboration is crucial as it not only boosts the local economy but also addresses pressing environmental challenges. With increased funding and support, Indian startups can develop innovative solutions to combat climate change, making a positive impact both locally and globally.
Crunchbase Sector Snapshot: Cleantech Isn’t Having A Great Year
NegativeArtificial Intelligence
The latest Crunchbase Sector Snapshot reveals that the cleantech and sustainability startup investment landscape is struggling, continuing a downward trend that has persisted for several years. Despite a slight recovery in recent months, projections for 2025 indicate another challenging year ahead. This matters because it highlights the ongoing difficulties in securing funding for innovative solutions aimed at addressing climate change, which could hinder progress in the sector.
Trump Uses Government-Investing Push to Boost Nuclear Industry
PositiveArtificial Intelligence
The Trump administration is taking a proactive approach to strengthen the domestic nuclear industry, which has seen limited growth in recent years. By applying a government-investment strategy similar to those used in mining, steel, and semiconductors, the administration aims to encourage the construction of new reactors. This initiative is significant as it could revitalize the nuclear sector, create jobs, and enhance energy independence.
Latest from Artificial Intelligence
Hacking Cancer with CrewAI and Bees
PositiveArtificial Intelligence
A groundbreaking collaboration between CrewAI and innovative bee research is paving the way for new cancer treatments. By harnessing the unique capabilities of bees, scientists are exploring how these creatures can assist in identifying cancer cells more effectively. This partnership not only highlights the potential of combining technology with nature but also offers hope for more efficient cancer detection methods, which could ultimately save lives.
A Modern, Immutable, and Zero-Dependency Library for IP Addresses in JavaScript
PositiveArtificial Intelligence
A new library called @se-oss/ip-address has been introduced for handling IP addresses in JavaScript, particularly in Node.js applications. This library stands out because it is modern, immutable, and has zero dependencies, making it a clean and efficient choice for developers. It simplifies tasks like validating user input and converting IP formats, addressing common frustrations with older libraries. This innovation is significant as it enhances the developer experience and streamlines IP address management in applications.
India’s GCCs Still Can’t Figure Out How to Make Money from AI
NegativeArtificial Intelligence
India's Global Capability Centers (GCCs) are struggling to find profitable ways to leverage artificial intelligence, highlighting a significant challenge in the tech landscape. This issue is crucial as it reflects the broader difficulties many organizations face in monetizing AI technologies, which are often seen as the future of innovation. The inability to effectively harness AI could hinder India's growth in the global tech market, making it essential for these centers to adapt and find viable business models.
Microsoft’s 900 Million AI Users Push Revenue to $77.7 Billion
PositiveArtificial Intelligence
Microsoft has reported a remarkable revenue of $77.7 billion, driven by its impressive user base of 900 million in the AI sector. This surge highlights the growing importance of artificial intelligence in the tech industry and showcases Microsoft's strategic investments in AI technologies. As companies increasingly adopt AI solutions, Microsoft's success reflects its leadership in innovation and its ability to meet market demands, making it a key player in shaping the future of technology.
Revolutionizing Code Completion with AI
PositiveArtificial Intelligence
The integration of AI coding assistants is transforming the way software engineers work, moving beyond basic autocomplete features to become essential collaborators in the development process. This shift not only enhances efficiency but also allows developers to focus on more complex tasks, ultimately leading to faster and more innovative software creation. As technology continues to evolve, embracing these AI tools is crucial for staying competitive in the industry.
Bengaluru-based Snabbit, which offers a range of on-demand home services, raised a $30M Series C at a $180M valuation, taking its total funding to $55M (Jagmeet Singh/TechCrunch)
PositiveArtificial Intelligence
Bengaluru-based Snabbit has successfully raised $30 million in a Series C funding round, bringing its total valuation to $180 million. This significant investment highlights the growing demand for on-demand home services in India, as Snabbit continues to expand its offerings. With a total funding of $55 million, the company is well-positioned to enhance its services and reach more customers, reflecting a positive trend in the startup ecosystem.