Daily brief · October 25, 2026 · Sun
EVENTGRAPH
ECB Executive Board Member Piero Cipollone says digital euro will provide European payment sovereignty
ECB Executive Board Member Piero Cipollone stated that the digital euro is necessary to reduce Europe's dependence on non-European payment infrastructure. Online payments in the euro area grew from 6% in 2019 to 24% in 2024, with two-thirds using non-European card schemes. Cipollone argued that reliance on third-party payment systems threatens the smooth functioning of payment systems, which is within the ECB's mandate, and that the digital euro will provide a sovereign alternative similar to cash.
European Central Bank NewsFirst-partyOriginal AI
Latent SpaceKimi K3.1 Pro launches with 2.8T open weights, narrowing closed AI gap
Moonshot AI launched Kimi K3.1 Pro, a 2.8 trillion parameter open-weights Mixture-of-Experts model with 104 billion active parameters and a 1-million-token context window. Independent benchmarks place the model fourth on the Intelligence Index with a score of 55, surpassing the Fable 5.1 model and ranking eighth in Code Arena. The release includes a Highspeed API offering 2-3x faster output, though at double the cost, and promises open-weight availability on November 4, 2026.
Global & industry
Jensen Huang visits Kazakhstan, announces NVIDIA investment in Higgsfield AI
During a visit to Astana, NVIDIA founder Jensen Huang met with President Tokayev and AI Minister Madiyev, discussing Kazakhstan's push to build domestic AI infrastructure. NVIDIA announced an investment in Kazakhstan-founded startup Higgsfield AI, with Huang emphasizing the importance of local data and energy resources for the nation's AI future. The conversation covered expanding accelerated computing and applying AI across Kazakhstan's economy.