Colleges raced to build massive computer-science departments. Now the boom is turning to bust.

In this week's Wealth Wise column, a 65-year-old couple was pitched $500,000 in life insurance to cover nursing home care. Financial experts weigh in on the catch.

“They insist that the details will be provided after they have carried out a soft credit check.”

Michael Saylor’s Strategy, the world’s largest publicly traded corporate Bitcoin holder, bought $22.1 million of the crypto last week while spending nearly nine times as much repurchasing its STRC preferred stock. Strategy bought 267 Bitcoin at an average price of $82,900 between Oct. 12 and Oct. 16, bringing its holdings to 848,517 BTC, worth $64.02 billion at purchase cost, according to a Monday filing with the US Securities and Exchange Commission (SEC). Strategy also bought back 1.94 million shares of its Stretch (STRC) preferred stock for $193.1 million. The latest purchase follows Strategy’s acquisition of 250 Bitcoin for $21.5 million during the week ending Oct. 9, when it also spent $192.4 million repurchasing STRC shares. The company said its board increased the authorization for its digital credit securities repurchase program to $3 billion from $2 billion, leaving $1.16 billion available as of Sunday. The company funded its BTC purchases primarily through $22 million in proceeds from selling 140,872 shares of its common stock, MSTR. It used existing cash to fund the STRC repurchases.

Hoskinson said on X the language will bundle transaction requests with cryptographic proofs. He hasn’t shared a name, specs or a release date.

Artificial intelligence semiconductor maker Tenstorrent Holdings Inc. has raised US$1.5-billion in fresh capital as it steps up efforts to challenge industry behemoth Nvidia Corp NVDA-Q. The financing, which values Tenstorrent at US$6.2-billion, including the money raised, follows reports earlier this year that U. S. chip stalwarts Intel Corp. INTC-Q and Qualcomm Inc. QCOM-Q had both tried to buy Tenstorrent for upward of US$5-billion. The Austin, Tex.-based company was founded in Toronto 10 years ago but relocated to the United States in 2023 after its first investor, Jim Keller – one of Silicon Valley’s top chip architects – became chief executive officer. The company’s Toronto office is still one of its largest hubs, where 200 of its 1,000 employees work. Tenstorrent also has operations in Silicon Valley; Tokyo; Belgrade, Serbia; and Bangalore, India. The deal was led by two American private capital firms, Los Angeles-based Trace Capital, founded by National Football League linebacker-turned-private capital investor Ben Mahdavi, and Innovation X LLC of New York.

AI can take some of the strain out of handling everyday finances, from disciplined saving to avoiding scams, paying off debt and reaching your money goals.