Andrea Pignataro's nonprofit foundation is merging with tech incubators from Milan's top universities to enhance early-stage investment in Italy. The collaboration includes Politecnico di Milano's incubator and Bocconi University's venture capital fund, uniting over 70 startups.

Avalanche Treasury Co. has entered a merger agreement with Mountain Lake Acquisition Corp. valued at over $675 million, aiming to create a public vehicle for AVAX exposure. The deal includes $460 million in treasury assets and a $200 million discounted AVAX purchase allocation, with plans to grow its digital asset treasury to exceed $1 billion.

The XAI-X merger is viewed as a strategic move within Elon Musk's expanding empire, potentially enhancing his influence in the AI sector. Analysts suggest that this deal could be advantageous for investors betting on Musk’s vision and leadership in technology innovation.