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Elon Musk Launches ‘Grokipedia’ as AI-Powered Rival to Wikipedia, Promising ‘Unbiased Knowledge’

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Elon Musk has unveiled an early version of Grokipedia, an artificial intelligence–driven encyclopedia built on his xAI’s large language model, Grok.

The launch, which took place on Monday, was marked by a temporary website crash due to heavy traffic before the platform came back online later in the day.

Musk, who leads Tesla, SpaceX, and xAI, has promoted Grokipedia as a superior and less “biased” alternative to the long-established, volunteer-written Wikipedia. The new service, which Musk said is currently at “version 0.1,” is designed to generate articles using AI rather than human editors. He promised that “version 1.0 will be 10X better,” claiming that even its current version “already outperforms Wikipedia.”

The billionaire’s push into the AI encyclopedia space follows a suggestion from tech investor and U.S. presidential aide David Sacks, who now serves as President Donald Trump’s AI and crypto czar.

Musk’s creation of Grokipedia marks another extension of his ongoing campaign against what he calls “woke bias” in mainstream media and digital platforms. He has repeatedly accused Wikipedia of promoting political and cultural bias, criticizing it for relying on what he calls “left-leaning sources” such as The New York Times and NPR.

Grokipedia’s interface is minimalist — a dark-themed homepage with a search bar and a counter showing over 885,000 AI-generated articles. While it mirrors Wikipedia’s format, it is far smaller in scale compared to Wikipedia’s 7 million English-language articles maintained by millions of volunteer editors.

Yet, despite Musk’s framing of Grokipedia as a rival, early users and observers noticed that the new AI platform frequently cites Wikipedia as one of its main data sources. This paradox — promoting itself as a Wikipedia replacement while drawing from Wikipedia’s database — has fueled debate over whether Grokipedia is innovating or merely repackaging open data.

Wikimedia Responds: “Knowledge Must Remain Human”

In a statement to CNBC, a spokesperson for the Wikimedia Foundation, which operates Wikipedia, said the organization was “still assessing how Grokipedia works.” The spokesperson added that “alternative encyclopedias have appeared before without undermining Wikipedia’s mission.”

They also underscored Wikipedia’s unique advantage: “Wikipedia’s knowledge is — and always will be — human. Through open collaboration and consensus, people from all backgrounds build a neutral, living record of human understanding.”

The statement added that AI companies, including Musk’s xAI, “rely on Wikipedia’s open data to generate content; even Grokipedia needs Wikipedia to exist.”

Wikipedia co-founder Jimmy Wales echoed similar sentiments in an interview with The Washington Post, saying he did not expect Grokipedia to meet its lofty claims because “AI language models simply aren’t accurate enough yet — there will be a lot of errors.”

On the other hand, Larry Sanger, Wikipedia’s other co-founder, who left the platform in 2002 after disagreements over editorial direction, has long supported alternatives to Wikipedia. But following Grokipedia’s debut, Sanger posted a detailed thread highlighting factual errors about himself found on the AI-generated site, suggesting even skeptics of Wikipedia’s current structure are not entirely sold on Musk’s version.

A Broader Push for AI-Created Knowledge

The launch of Grokipedia comes amid Musk’s effort to weave AI more deeply into his business empire. His AI model, Grok, has already been integrated into the social media platform X (formerly Twitter), providing users with an AI assistant that he describes as “humorous, insightful, and politically neutral.”

Musk has marketed Grok — and now Grokipedia — as “anti-woke” alternatives to OpenAI’s ChatGPT and other mainstream AI products, which he claims are trained to censor controversial viewpoints. However, xAI’s reliance on existing public data sources like Wikipedia and news outlets means Grokipedia’s promise of “unbiased knowledge” may be difficult to realize in practice.

Grokipedia’s emergence is believed to signal Musk’s ambition to turn xAI into an ecosystem of autonomous information tools that could eventually rival both traditional media and AI-based knowledge systems.

The Challenge of Replacing Human Collaboration with AI

While Grokipedia’s debut grabbed attention, its long-term viability may hinge on the balance between speed and credibility. AI-generated encyclopedic content offers massive scale, potentially producing millions of entries at low cost, but lacks the human oversight and editorial debate that have helped Wikipedia build trust over two decades.

The project also deepens the growing competition between AI-powered knowledge systems — from OpenAI’s retrieval-based ChatGPT tools to Google’s search-integrated Gemini.

In the end, Grokipedia’s biggest test may not be whether it can generate millions of articles, but whether it can win the same trust that Wikipedia has earned — not through algorithms, but through the collective work of human editors.

A Look At The Recent US-China Trade Talks: Agreement in Principle

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US and Chinese negotiators concluded two days of high-level talks on the sidelines of the ASEAN Summit in Kuala Lumpur, Malaysia, reaching a preliminary framework agreement on several critical trade issues.

This development, described by both sides as a “preliminary consensus,” sets the stage for a potential final deal to be reviewed by US President Donald Trump and Chinese President Xi Jinping during their anticipated meeting in South Korea on October 30, 2025.

The agreement aims to de-escalate ongoing tensions in the US-China trade war, which has seen escalating tariffs and export restrictions since early 2025. The talks focused on resolving immediate flashpoints while outlining paths for longer-term cooperation.

US agrees to pause implementation of threatened 100% or up to 157% tariffs on Chinese imports, originally set for November 1, 2025. Averts immediate economic shock to global supply chains, including US consumers and manufacturers reliant on Chinese electronics and components.

Stock futures rose Sunday in response, signaling market relief. China to delay new export controls on rare earth minerals and magnets critical for EVs, semiconductors, and defense tech for one year, pending re-examination. US to ease related retaliatory measures.

Addresses US concerns over supply disruptions—China controls ~90% of global processing—while giving Beijing time to adjust. This could stabilize prices for tech and auto industries. China commits to resuming and increasing purchases of US soybeans and other farm goods to help balance the trade deficit.

Boosts US farmers hit hard by prior halts in Chinese orders; soybeans alone represent a multi-billion-dollar market. Initial pact for enhanced cooperation to curb flow of chemical precursors from China used in fentanyl production.

Responds to US public health crisis, with potential for tariff relief tied to enforcement progress. Discussions on shipping levies, export controls for advanced tech, and a final resolution for TikTok’s US operations including asset sales.

Broader truce on punitive actions; TikTok deal fulfills US national security requirements. US Trade Representative Jamieson Greer described the outcome as “moving toward final details” for leader-level review, emphasizing pauses on “punitive actions” and paths to “more access to rare earths” and deficit reduction via US exports.

Chinese Vice Commerce Minister Li Chenggang called the discussions “candid and in-depth,” noting both sides will seek domestic approvals before advancing. This framework builds on a May 2025 Geneva agreement that paused new tariffs for 90 days, but recent escalations— including China’s tightened rare earth rules and Trump’s tariff threats—had raised fears of a full-blown trade war.

Treasury Secretary Scott Bessent highlighted the deal’s role as a “pregame” for the Trump-Xi summit, predicting a “fantastic meeting.” President Trump echoed optimism, stating, “I think we’re going to have a deal with China.”

Economically, the news has spurred positive market reactions: US stock futures climbed, Japan’s Nikkei hit a new all-time high, and Asian indices like Hong Kong’s Hang Seng rose ~1%. However, experts caution that the deal relies on mutual leverage rather than deep structural reforms, with only 60 days left to finalize under prior truces.

Analysts like Deborah Elms of the Hinrich Foundation note that while escalation is avoided, “these talks are not going to be easy.” On X (formerly Twitter), the agreement trended briefly amid crypto and stock discussions, with users like rcivNFT highlighting it in market roundups alongside Bitcoin’s surge past $116K.

No major controversies have emerged yet, though some US commentators question if concessions go far enough on intellectual property and subsidies. This is a significant step toward stabilization, but the proof will be in the Trump-Xi implementation. Further updates are expected post-summit.

China and ASEAN Sign Upgraded Trade Pact as Beijing Seeks to Diversify Exports Amid U.S. Tariff Tensions

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China and the Association of Southeast Asian Nations (ASEAN) have signed a major upgrade to their free trade agreement, marking one of the most ambitious expansions of regional economic cooperation since the pact was first established in 2010.

The new deal — known as the ASEAN–China Free Trade Area 3.0 — aims to deepen integration in the digital economy, green industries, and other emerging sectors, representing a key step in China’s effort to diversify its export economy amid escalating trade tensions with the United States.

The agreement was finalized during the ASEAN Summit held in Malaysia on Tuesday, attended by Chinese Premier Li Qiang and President Donald Trump, who began his Asia tour in Kuala Lumpur. It reinforces Beijing’s intent to tighten its economic ties with Southeast Asia at a time when U.S. tariffs are reshaping global trade flows and forcing China to seek new partners for its industrial output.

According to ASEAN statistics, trade between China and the bloc reached $771 billion in 2024, making ASEAN China’s largest trading partner. With a combined GDP of about $3.8 trillion, ASEAN represents both a crucial export destination and a supply chain hub for Chinese manufacturers navigating shifting tariff barriers and reconfiguration of global production networks.

Premier Li described the agreement as a “landmark achievement in regional economic cooperation,” adding that both sides “must accelerate trade and investment liberalization and strengthen industrial interdependence.” He emphasized that the new framework would ensure that regional trade remains stable despite global headwinds, positioning ASEAN as an indispensable partner in Beijing’s long-term trade strategy.

The ASEAN–China Free Trade Area 3.0 follows months of negotiation that began in November 2022 and concluded in May 2025, shortly after President Trump’s administration intensified its tariff measures on several major economies, including China. The upgraded deal introduces new provisions for cross-border digital trade, e-commerce regulation, clean technology, and sustainable industrial practices — all aimed at modernizing the economic relationship between both sides.

Singapore’s Prime Minister Lawrence Wong said the new accord would “reduce trade barriers, strengthen supply chain connectivity, and unlock opportunities in future growth areas.” He noted that the inclusion of digital and green sectors will create fresh pathways for ASEAN economies to participate in the global value chain while benefiting from China’s expanding consumer market and manufacturing infrastructure.

The pact also aligns with China’s broader economic strategy of diversifying away from overreliance on Western markets. As Washington continues to impose restrictions on Chinese exports — including tariffs, semiconductor curbs, and sanctions targeting strategic industries — Beijing has been working to deepen its economic footprint across Asia, Africa, and Latin America. Analysts see the ASEAN partnership as one of China’s most effective avenues for offsetting potential losses from U.S. trade measures.

Beijing has framed the 3.0 upgrade as a demonstration of its commitment to economic openness and multilateralism, despite concerns from Western governments over its export controls on rare earths and other critical minerals. While China maintains these measures are for national security, critics argue that they undercut its message of fair trade and transparency.

The agreement also builds on the foundation of the Regional Comprehensive Economic Partnership (RCEP), the world’s largest trade bloc, which includes both China and ASEAN and covers about one-third of global GDP. RCEP’s first in-person summit in five years, held in Kuala Lumpur a day earlier, highlighted growing regional alignment on trade liberalization even as geopolitical tensions simmer in the background.

Yet, those tensions were palpable during the ASEAN meetings. Philippine President Ferdinand Marcos Jr. sharply criticized China’s “aggressive actions” in the South China Sea, warning that Beijing’s conduct risked destabilizing the region. In response, China’s foreign ministry accused Manila of provocation. The disputed waters, rich in resources and strategically important, have long been a flashpoint between China and several ASEAN members, including Vietnam, Malaysia, and Brunei.

Premier Li sought to calm tensions, calling for “strategic mutual trust” and an accelerated conclusion of a long-delayed Code of Conduct for the South China Sea.

“We must strengthen dialogue and mutual understanding to safeguard peace and stability,” Li said, stressing that economic cooperation should not be overshadowed by security disputes.

Prime Minister Wong echoed this sentiment, noting that while “differences of views” are inevitable, all member states agree that “peace, stability, and freedom of navigation” are critical for maintaining prosperity in the region.

The backdrop to the agreement is a volatile global trade environment dominated by the Trump administration’s tariff campaign against China. The tariffs have disrupted global supply chains, prompting both sides to seek a temporary truce. Negotiators from Washington and Beijing met in Kuala Lumpur over the weekend and agreed to extend the current trade pause, setting the stage for a meeting between Trump and Chinese President Xi Jinping in Seoul later this week.

Since Trump departed from Malaysia on Monday, China has accelerated efforts to consolidate its economic partnerships across Asia. Premier Li, in a separate address, warned against rising protectionism, saying, “The world must not slip back into the law of the jungle where the strong prey on the weak. We must uphold free trade and create a high-standard regional trade network that benefits all.”

Analysts say the upgraded ASEAN–China pact is not only a diplomatic success for Beijing but also an economic necessity. Through deepening regional integration, China is expected to cushion itself from U.S. tariffs while ensuring continued access to vital markets for its exports.

Transcorp Group Reports 54% Jump in Q3 Profit as Energy Business Powers Growth

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Transnational Corporation Plc (Transcorp Group) has reported a pre-tax profit of N38.81 billion for the third quarter of 2025, representing a 53.84% year-on-year increase compared to the same period in 2024, underscoring continued momentum in its energy operations and operational efficiency.

The performance lifted the nine-month pre-tax profit to N124.52 billion, up 18% year-on-year, putting the conglomerate just 8% short of its full-year 2024 profit. Revenue for Q3 surged 53.97% year-on-year to N133.76 billion, while nine-month revenue climbed 38.89% to N413.44 billion, already surpassing the company’s full-year 2024 figure.

The growth was largely driven by the energy business, which generated N270.91 billion, accounting for 66% of total nine-month revenue, reflecting the strategic focus on power and energy efficiency across subsidiaries such as Transcorp Power and Transafam Power.

Financial highlights

The company’s unaudited results show continued improvement across key financial metrics compared to Q3 2024:

  • Revenue: N133.76 billion, up 53.97% YoY
  • Cost of sales: N68.08 billion, up 43% YoY
  • Gross profit: N65.68 billion, up 67.26% YoY
  • Operating profit: N45.73 billion, up 64.40% YoY
  • Net finance income: N5.79 billion, up 68.01% YoY
  • Post-tax profit: N26.24 billion, up 55.57% YoY
  • Earnings per share: N1.26, up 530% YoY
  • Total assets: N940.89 billion, up 26.19%
  • Shareholders’ funds: N309.57 billion, up 13.94%

Operational efficiency and margins

A detailed review shows that revenue growth outpaced both cost of sales and operating expenses, resulting in improved profit margins. Gross profit margin rose to 49% from 45% in Q3 2024, while operating profit margin increased to 34.19% from 32.02%.

Net finance income expanded by 68%, supported by improved treasury operations and a reduction in finance costs. Total borrowings dropped to N80.05 billion from N88.51 billion, reflecting stronger leverage management.

Balance sheet strength

Total assets expanded by 26% to N940.89 billion, primarily due to a 157% increase in investments in financial assets, which now stand at about N47 billion. Property, plant, and equipment remained the largest component, at N318.99 billion.

On the equity side, shareholders’ funds grew 13.94%, supported by retained earnings and improved profitability. Retained losses narrowed to N149.69 billion, compared to N112.32 billion in 2024. However, trade and other payables remained elevated at N357.61 billion, representing over 57% of total liabilities — a sign that working capital pressures persist despite improved cash flows.

Commenting on the results, Dr. Owen Omogiafo, OON, President/Group CEO of Transcorp Plc, said the performance “demonstrates the successful execution of strategic direction, operational excellence, and portfolio-wide efficiency.” She added:

“Driven by our core purpose to ‘Improve Lives and Transform Africa’, we continue to optimize our businesses to deliver superior stakeholder value.”

However, Transcorp’s share price fell slightly by 0.5% to N48.15 at the close of trading on October 27, 2025, though the stock has gained 10.1% year-to-date, reflecting investor confidence in the company’s long-term growth.

Energy Market Growth

Analysts say Transcorp’s strong energy performance aligns with Nigeria’s ongoing electricity sector reforms, which are encouraging private investment in generation and grid efficiency. With its growing footprint in hospitality, power, and oil and gas, Transcorp is increasingly positioned as a diversified infrastructure and energy conglomerate.

Analysts also note that the group’s performance reflects a broader shift among Nigerian listed companies toward cost optimization amid inflationary pressures. While Transcorp’s borrowings have declined, high trade payables indicate that short-term liabilities remain an area to monitor.

In comparison with other listed Nigerian conglomerates, Transcorp’s growth trajectory has outpaced several of its peers in profitability and sector diversification. Transcorp’s 55.6% post-tax profit growth therefore positions it among the best-performing diversified groups on the Nigerian Exchange.

Analysts have noted that Transcorp’s power business remains the primary earnings catalyst and differentiator in the Nigerian conglomerate landscape, citing its ability to sustain growth even amid tight macroeconomic conditions.

Looking ahead, analysts believe Transcorp’s ongoing investment in financial assets, hospitality, and power infrastructure could strengthen earnings stability through 2026. The group’s balance sheet position and declining leverage also signal room for expansion financing if new opportunities arise in the power or upstream energy segments.

SharpLink Gaming Acquires $78M in Ethereum, Boosting Treasury Holdings

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SharpLink Gaming (NASDAQ: SBET), a sports gaming technology firm chaired by Ethereum co-founder Joseph Lubin, has resumed its aggressive Ethereum accumulation strategy after a month-long pause.

On October 27, 2025, the company purchased 19,271 ETH for approximately $78.3 million at an average price of around $4,060 per token, according to on-chain data from analytics firm Lookonchain. This acquisition was funded through a recent $76.5 million direct stock offering, completed on October 17.

The move elevates SharpLink’s total ETH holdings to 859,853 tokens—comprising 601,143 native ETH and 258,710 ETH equivalents from liquid staking tokens—valued at over $3.6 billion at current prices ETH trading above $4,200.

This positions SharpLink as the second-largest corporate ETH holder globally, trailing only BitMine Immersion Technologies. Over 95% of its holdings are staked to generate yield, aligning with the company’s equity-only treasury approach that avoids debt.

This purchase signals renewed institutional confidence in Ethereum amid its price rebound, potentially influencing market sentiment as corporate adoption grows. SharpLink’s “ETH Concentration” metric—measuring ETH per diluted share—has doubled since June 2025, benefiting shareholders without additional dilution.

The firm’s strategy, backed by a $425 million private placement led by ConsenSys in June, underscores Ethereum’s role in modern corporate treasuries, similar to MicroStrategy’s Bitcoin playbook.

JPYC Inc. Launches World’s First Regulated Yen-Pegged Stablecoin

Tokyo-based fintech JPYC Inc. officially debuted JPYC, the world’s first fully regulated stablecoin pegged 1:1 to the Japanese yen (JPY). Issued under Japan’s revised Payment Services Act and licensed by the Financial Services Agency (FSA), the token is backed entirely by yen-denominated bank deposits and Japanese Government Bonds (JGBs), ensuring full redeemability and stability.

Users can mint or redeem JPYC via the new JPYC EX platform, with an initial daily limit of 1 million yen (~$6,600) per user and zero transaction fees for the first year to drive adoption.

Deployed on Ethereum, Polygon, and Avalanche blockchains, JPYC aims to enable low-cost, near-instant cross-border payments and settlements, reducing Asia’s dependence on USD-pegged stablecoins like USDT and USDC. JPYC Inc. targets issuing 10 trillion yen ~$66 billion worth of the token within three years, earning revenue from JGB yields currently over 3% at the long end rather than user fees.

CEO Noritaka Okabe highlighted its potential to spur innovation for startups and enhance global interoperability, with openness to capital partnerships. This launch marks Japan’s entry into the $230-300 billion global stablecoin market, where USD tokens dominate 99% of volume.

DeFi & payments upgrade: Instant, fee-free 1st year yen transfers on Ethereum/Polygon/Avalanche. 10T JPY $66B target in 3 years; boosts JGB demand, strengthens yen in global crypto flows.

While experts like former Bank of Japan executive Tomoyuki Shimoda predict 2-3 years for mainstream traction—due to Japan’s cash-heavy culture cashless payments at 42.8% in 2024—JPYC could boost JGB demand, strengthen the yen’s digital role, and facilitate USD/JPY trading on DeFi platforms.

It precedes similar efforts in South Korea (won-backed) and China (yuan-backed), positioning Japan as a regulatory leader in fiat-pegged digital assets. These developments highlight growing corporate and national embrace of blockchain for treasury management and payments, potentially accelerating crypto’s integration with traditional finance.

SharpLink Gaming’s $78M ETH Buy Bullish ETH signal: Second-largest corporate holder now holds >$3.6B in ETH; reinforces Ethereum as a treasury asset. Shareholder value boost: ETH-per-share doubled since June; no debt, 95%+ staked for yield.

Resumes accumulation post-$425M raise; may trigger institutional FOMO as ETH >$4,200. World’s first regulated JPY-pegged token; challenges USD dominance in Asia.