Connect with us

Business

Beyond bitcoin: MicroStrategy is ramping up its AI business

Published

on


Now that it has become the largest corporate holder of bitcoin (BTC), it’s possible that some investors may forget – or not even know – what it is that MicroStrategy (MSTR) actually does.

That’s because the company – which now operates under the name Strategy – and its founder Michael Saylor have become so associated with the rapid growth of bitcoin over the past several years, it’s now overshadowed its business-analytics software business.

The company began buying BTC in 2020 with the goal of building a bitcoin treasury, becoming the first publicly traded company to purchase crypto as part of its capital allocation strategy.

Strategy first bought 21,454 bitcoins – worth over $250 million at the time.

It recently acquired an additional 245 bitcoins for $26 million and now owns 592,345 bitcoins as of June 23.

In fact JPMorgan recently flagged Strategy’s inclusion on the Nasdaq index as a possible risk because of its continued aggressive bitcoin acquisitions.

The company’s crypto accumulation “has transformed MicroStrategy into a leveraged Bitcoin fund, raising concerns about its continued inclusion in major equity indices,” as Investing.com reported.

Nonetheless, Saylor’s strategy of building a bitcoin treasury for capital allocation purposes has now become widely emulated as crypto becomes increasingly mainstream.

Alleviating ‘one of the greatest barriers to AI adoption’

But last week the company shifted away from crypto and back toward its software business by announcing the release of Strategy Mosaic, an AI powered “universal intelligence layer” platform designed to connect disparate data sources across enterprises to support AI applications.

The company said in a press release that as organizations modernize their data structures, the siloed systems within these structures produce inconsistent metrics, and also leads to governance gaps.

The “lack of clean, connected, and organized data” has created “one of the greatest barriers to AI adoption,” it said.

Strategy Mosaic was built to provide consistent and secure access to information across all AI applications.

“With Mosaic, we’ve broken through the biggest barriers to business innovation: data silos, conflicting metrics, and high data transformation costs,” Saurabh Abhyankar, chief product officer at Strategy, said in a statement. “Our powerful semantic graph ensures a single source of truth for enterprise analytics, and Mosaic extends this with a universal layer of intelligence compatible with any cloud, reporting tool, and data source.”

The platform’s features include a semantic layer that ensures consistent business definitions and metrics across data sources.

It also offers universal access through various APIs, as well as AI-powered data modeling through its Mosaic Studio.

The company said the Mosaic Studio can automate data preparation and modeling tasks 10 times faster than traditional methods.

The move to build out its AI business could be a smart long-term move, as the company posted a $5.9 billion unrealized bitcoin loss for the first quarter, according to an SEC filing in April.

However, with bitcoin rallying once again, Saylor could look to continue ramping up his BTC holdings, which he mostly funds by issuing stock, preferred shares, and convertible bonds.

Bitcoin was trading below $80,000 in April after a steep decline in Q1 – but was back up near $107,000 on Friday.

And Wall Street is thus far solidly bullish on its bitcoin treasury playbook.

Strategy’s stock is up 32.6% YTD and has soared 151.7% over the past year.



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Yorkshire Water announces hosepipe ban after driest spring in 132 years | Water industry

Published

on


Yorkshire Water has introduced hosepipe restrictions after the region recorded its driest spring in 132 years.

Yorkshire received just 15cm of rainfall between February and June, less than half of what is expected in an average year, pushing the region to an official drought status.

Its reservoirs are 55.8% full, which is 26.1 percentage points lower than what they would normally be at this time of year.

Dave Kaye, the director of water at Yorkshire Water, said action was necessary now to “help conserve water and protect Yorkshire’s environment”.

“From Friday this week, people across Yorkshire will need to stop using their hosepipes to water their gardens, wash their cars or for any other activities. Introducing these restrictions is not a decision we have taken lightly, and we’ve been doing everything we can to avoid having to put them in place,” he said.

The restrictions will come into force on 11 July. They will stop people from using a hosepipe to water gardens, wash private vehicles, fill domestic pools or clean outdoor surfaces.

People can still wash their car and water their gardens using tap water from a bucket or watering can. Businesses can use a hosepipe if it is directly related to a commercial purpose.

Mark Lloyd, the chief executive of the charity the Rivers Trust, said further hosepipe restrictions are likely to come in other areas of the country.

“Sadly, the measures will also probably include drought permits that allow the company to take more water from rivers than normal, which will have severe impacts on river wildlife which is already struggling,” he said. “It will be very surprising if other companies don’t have to follow suit unless the weather changes dramatically.”

The supplier, which serves 5 million customers across Yorkshire and parts of north Lincolnshire and Derbyshire, is owned by Kelda Group.

Yorkshire Water paid £37.5m dividends for the six months to 30 September 2024 to its parent, up from £17.7m during the same period in 2023. The company paid £84.1m in dividends within its group structure in its latest full financial year. The dividends were not distributed to external shareholders.

Last year the chief executive and chief financial officers at Yorkshire Water were handed a combined £616,000 in bonuses for a year in which thousands of its customers were affected for weeks by a burst water pipe.

Under new powers in Labour’s Water (Special Measures) Act 2025, the regulator, Ofwat, can ban bonuses for water executives where a company fails to meet key standards on environmental and financial performance, or is convicted of a criminal offence.

Under the rules, six water providers – including Thames Water, Southern Water, United Utilities, Wessex Water, Anglian Water and Yorkshire Water – were banned from paying “unfair” bonuses to their executives this year.

The boss of Yorkshire Water said she had decided to turn her bonus down this year, before the legislation was introduced. Nicola Shaw, who accepted a £371,000 bonus last year, said it would “not be appropriate” to accept the payment this year, acknowledging that the supplier needed to “do better” on tackling pollution.

skip past newsletter promotion

It comes as customers must pay higher water bills until the end of the decade, to help fund investment in better water and sewage infrastructure. The average annual bill for Yorkshire Water is £430, according to Ofwat, and is expected to rise by 35% by 2030.

Last month Yorkshire officially moved to drought status after a prolonged period of low rainfall. In May, north-west England also entered drought status, as reservoir levels fell to half their capacity. Much of the rest of the country is in prolonged dry status, which is the step before drought.

Consumers across England have been asked to conserve water as summer begins amid low river flows, groundwater levels and reservoir levels.

The regions at most risk of running out of water at the moment are those which rely largely on reservoirs rather than groundwater.

This is because the wet autumn and winter of 2024-25 allowed for the aquifers – the water below ground – to recharge. This means southeastern areas, which have good aquifers, are in a better position now than those in the Midlands and north of the country.

However, more dry weather could cause the aquifer levels to begin to dwindle as well.

When water supplies run dry, companies often apply for river abstraction licences. But rivers across the country, except in parts of the north-west, are at exceptionally low levels, so any further abstraction would pose a risk of great ecological harm.

Water companies have been criticised in past droughts for not implementing hosepipe bans quickly enough, and accused of not doing so because bosses were too concerned about affecting customer satisfaction scores, which influence their rating with the regulator. As of this year, this rating now dictates whether chief executives can get a bonus.



Source link

Continue Reading

Business

Stock markets shrug off tariff letters after Trump says August 1 tariff deadline ‘not 100% firm’ – business live | Business

Published

on


Introduction: Asia-Pacific markets shrug off new Trump tariff threats

Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.

The TACO trade is back! Many Asia-Pacific stock markets are rising today, despite Donald Trump’s decision to ramp up his trade war by announcing new tariffs on 14 US trading partners.

There’s relief that Trump has announced a new pause before these new levies kick in – a new three-week reprieve kicks the can down the road to 1 August, rather than tomorrow.

This delay will give countries to negotiate trade deals with the US.

Asked if 1 August deadline was firm, Trump indicated it wasn’t exactly concrete, saying last night:

“I would say firm, but not 100% firm. If they call up and they say we’d like to do something a different way, we’re going to be open to that.”

That has encouraged traders to conclude that Trump Always Chickens Out (TACO).

So while there were losses on Wall Street last night after the first tariff letters were released, markets across Asia are taking the news in their stride.

In Tokyo, the Nikkei 2225 has risen by 0.3%, up 118 points to 39,705 points, even though Japan has been threatened with a new 25% tariff from 1 August (slightly higher than the 24% rate announced back in April, before Trump’s 90-day pause which expires tomorrow).

South Korea’s KOSPI has gained nearly 2%, even though Seoul has also received a letter announcing a new 25% tariff.

China’s CSI300 index has climbed by 0.8%. European markets are expected to open flat.

More letters are expected to be sent later this week.

Stephen Innes, managing partner at SPI Asset Management, says traders are pricing in “delay, maybe even dysfunction”, rather than a resolution of the trade war. But that’s enough to keep them bidding.

Innes writes:

Markets didn’t lurch because they’ve seen this show before. Tariff hike, rhetoric spikes, and then—like clockwork—comes the sudden pivot: “We’re still open to talks.” This is policy by poker tell. And by now, investors are familiar enough with the bluff to call it and fade the fear.

However…Ipek Ozkardeskaya, senior analyst at Swissquote Bank, fears there is too much “unexplained optimism”, adding:

The deadline extension is not good news, per se. It simply adds to the uncertainty. It’s yet another sign that the deadline won’t be a line in the sand, and that tariffs set in the coming days and weeks won’t be carved in stone, either.

They will be constantly changed — raised, lowered — and used as a go-to threat in every situation.

The agenda

  • 9.30am BST: UK’s Office for Budget Responsibility to release its latest Fiscal risks and sustainability report

  • 10am BST: Marks & Spencer chair Archie Norman to face business and trade committee to discuss M&S’s cyber attack

  • 11am BST: Office for Budget Responsibility press conference

  • 12pm BST: Post Office Horizon IT Inquiry to release Volume 1 of its Final Report

Share

Updated at 

Key events

European stock markets have also opened higher, led by Germany.

The German DAX index rose by 50 points, or 0.2%, to 24,125, in early trading, amid some relief that European negotiators have another three weeks to reach a trade deal with Washington.

France’s CAC has inched up by 0.1%, with Spain’s IBEX gaining 0.14%.

Jochen Stanzl, chief market analyst at CMC Markets, says:

Donald Trump has once again retreated from imposing tariffs, allowing the DAX to rise above the 24,000-point mark. It appears that investors are eager to test the previous week’s highs once more, but the success of this endeavor will depend on the daily news regarding trade policy, which is expected to remain volatile. The trade issue continues to be a source of uncertainty for the stock market, and without a trade agreement with the U.S., a sustainable continuation of the rally could prove challenging.

This morning, the European Union faces both positive and negative news. On the positive side, the pause on tariffs has been extended until August. Trump seems to be sticking to his pattern of initially making threats before showing a willingness to negotiate. He likely understands that implementing reciprocal tariffs would be more harmful than beneficial to the ongoing discussions.

However, the negative aspect is that sector-specific tariffs on cars, auto parts, aluminum, and steel will remain in effect until August 1. This latest development is not cause for great celebration, as the EU has struggled to effectively counter the already high tariffs that are currently in place during the negotiations.”





Source link

Continue Reading

Business

CS TECH Ai Marks 27 Years, Expands Global Presence with Focus on AI and Digital Infrastructure

Published

on

By


CS TECH Ai (BSE: Ceinsys) has completed 27 years in business, marking its growth from a core engineering firm to a digital technology company with a global footprint.

The company, which operates in India, the US, the UK, and Germany, provides solutions in geospatial intelligence, mobility engineering, digital twins, and AI-powered platforms.

Advertisement

With over 1,250 engineers and technologists, CS TECH Ai supports key infrastructure projects in water, energy, transport, and urban development.

Its solutions have been deployed in national programmes such as Jal Jeevan Mission, AMRUT, and Smart Cities, helping improve planning, execution, and governance.

The company has designed more than 35,000 miles of water networks, processed over 650,000 miles of high-resolution imagery, and contributed to the planning of over 100,000 miles of electrical networks.

Its engineers have logged more than 7 million hours on infrastructure and mobility projects.

In recent years, CS TECH Ai has strengthened its global delivery capabilities through acquisitions, including AllyGrow Technologies and US-based VTS. The company is now integrating artificial intelligence into sector-specific workflows to offer real-time insights and support decision-making in infrastructure systems.

“Our journey from core engineering to AI-driven platforms continues to be rooted in solving sectoral challenges through scalable and adaptive technology,” said Prashant Kamat, Vice Chairman and CEO of CS TECH Ai.

The company aims to drive automation, resilience, and sustainability through intelligent infrastructure solutions.



Source link

Continue Reading

Trending