Tech
World First: how to own shares in a Picasso masterpiece
A Swiss digital bank will offer customers the ability to buy tokens and shares in a Picasso painting
The art investment fund is offering shares in a Picasso masterpiece from 1964.
“Fillette au béret” is being sold or “tokenised” – via the blockchain.
Sygnum, the digital asset-focused Swiss bank organising the sale, says this is a world first.
ASTs will go on sale for a minimum subscription of 5,000 Swiss francs, Sygnum said.
The artwork measures 65 by 54 centimetres and is estimated to be valued at 4 million US dollars.
Investors will have the chance to buy and sell shares in the painting on a secondary market through blockchain technology.
Mat Cole from ACT Capital Partners says its the perfect use for blockchain.
So, do you physically own the artwork?
No. There will be no physical artwork to change hands.
Organisers say the painting, while being available for loan to museums and exhibitions, will be stored in a high-security facility
“This marks the first time the ownership rights in a Picasso, or any artwork, are being broadcast onto the public blockchain by a regulated bank,” it and co-organiser Artemundi, an art investment company, said.
“Tokenisation lowers the barriers to art investment and opens up the art market to a broad range of new investors,” Sygnum’s director general and co-founder Mathias Imbach said in the statement.
In the “Fillette au béret” sale, the tokens are fungible and no Picasso will be burned.
Is blockchain here to stay in the art world?
Mat Cole from ACT Capital Partners says it certainly is, to the extension of being an NFT.
“This is a collectible it is on the blockchain use of technologies here perfect. Is it a smart contract? It shows provenance. And it’s exactly what something like this should be if we’re looking at fractional ownership,” Cole told ticker.
Coles says there’s those two really interesting parts.
“One is a really great use of blockchain technology for something that we know has value for something that we know has scarcity,” Cole says.
Cole says there is a great use of the blockchain technology to bring it into what is the digital world or a modern environment, and actually provide a “really intelligent contracting solution and ownership solution for a really, highly desirable piece of an asset.”
However, he notes the second part is fractional ownership, by sort of crafting the use of the blockchain technology, and allowing people to have fractional ownership.
“I think that is a trend we’re starting to see more and more of, and I think that’s a real opportunity for blockchain technology. And I think it’s a real opportunity for wealth creation.”
Tech
TSMC posts record profits on AI chip boom
TSMC posts record Q4 profit, driven by strong chip demand, exceeding predictions and signaling market dominance.
TSMC posts record Q4 profit, driven by strong chip demand, exceeding predictions and signaling market dominance.
Taiwan Semiconductor Manufacturing Company (TSMC) has posted a record net profit for the fourth quarter, driven by strong demand for advanced chips.
Net profit surged 35% year-on-year, exceeding analyst expectations and signalling a dominant position in the semiconductor market.
Quarterly revenue also rose 20.5% compared to last year, supported by robust sales in AI and high-performance computing segments. The company’s success reflects the growing global appetite for cutting-edge semiconductor technology.
Looking ahead, TSMC plans to ramp up capital expenditure, projecting investments of up to $56 billion in 2026. The positive results have sparked an upbeat reaction across global markets, highlighting TSMC’s influence in the tech sector.
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#TSMC #Semiconductors #AIChips #TechNews #HighPerformanceComputing #StockMarket #QuarterlyEarnings #TechInvesting
Tech
X restricts Grok AI as global backlash grows
X restricts Grok AI from creating sexualized images amid global backlash and regulatory concerns, aligning with UK guidelines.
X restricts Grok AI from creating sexualized images amid global backlash and regulatory concerns, aligning with UK guidelines.
X has announced new restrictions on its Grok AI chatbot, preventing it from generating sexualized images of women amid mounting criticism and regulatory scrutiny worldwide.
The move comes after concerns over non-consensual image manipulation sparked widespread backlash from users, advocacy groups, and authorities.
UK Prime Minister Keir Starmer confirmed that the platform’s latest changes align with British law, as Ofcom launches a formal investigation to determine whether X has violated the Online Safety Act.
Regulators are closely monitoring the situation, highlighting growing global concerns about the ethical use of AI in image generation. Critics have argued that X’s initial measures were insufficient and did not adequately address the risks associated with sexualized AI content.
The controversy has also prompted action in Southeast Asia. Malaysia and Indonesia have blocked access to Grok entirely, citing the platform’s potential to generate inappropriate content.
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Tech
AI drives memory prices higher as SK hynix and TSMC expand
Explore the rising global memory market driven by AI demand and hear insights from Brad Gastwirth on industry trends.
Explore the rising global memory market driven by AI demand and hear insights from Brad Gastwirth on industry trends.
The global memory market is on the rise, with prices climbing steadily thanks to booming AI infrastructure demand.
Companies like SK hynix and TSMC are investing heavily in advanced packaging and new facilities to meet this unprecedented growth.
We speak with Brad Gastwirth from Circular Technologies about the forces behind this upward momentum. From the difference between AI-driven and consumer-driven demand to the increasing memory requirements per AI system, Brad breaks down the trends shaping the industry.
We also explore the implications of lean DRAM and NAND inventories, disciplined supply growth, and the challenges of expanding packaging capacity versus wafer fabrication. Tune in to understand why incremental demand surprises can have a huge impact on memory pricing.
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#AIMemory #SKHynix #TSMC #TechInvesting #MemoryMarket #AIInfrastructure #Semiconductors #TickerNews
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