Meta drops 10 billion on Louisiana data centers while AI researchers snag Nobel Prizes in physics and chemistry. Meanwhile crypto bridge security gets tested when attackers mint 10 million in unauthorized tokens. Travis Wright breaks down what actually matters in AI and
China's AI race just printed its first public earnings report, and the numbers tell you everything about who's winning the global agent economy. Zhipu AI posted $105M revenue in 2024, up 132% year-over-year, with net losses widening on R&D spend
Continue reading ›
Corporate treasury departments just got their first native on-ramp for crypto balance sheets. Ripple launched Ripple Treasury, a system that lets CFOs manage XRP and RLUSD stablecoin directly inside their existing treasury workflows, no separate custody setup required
Continue reading ›
Genius Group just sold its entire Bitcoin treasury to pay down debt, which tells you everything about the difference between having a strategy and just having crypto on your balance sheet. Genius Group liquidated its full Bitcoin treasury to pay off $8.5M in debt, despite tripling revenue
Continue reading ›
Elon Musk's 2022 Twitter takeover is heading to trial, three years later, because the SEC claims he hid how many shares he'd already bought. Musk and the SEC told a judge they're heading toward trial over allegations he violated disclosure rules before his $44 billion Twitter acquisition in 2022
Continue reading ›
Tokenized oil just had its first eight-figure liquidation, and it happened on a crypto derivatives exchange. Brent crude futures on Hyperliquid saw $46.6 million in liquidations, trailing only ETH and BTC in volume, with a single trader losing $17.17 million on an oil position
Continue reading ›
While Washington debates AI policy, the real constraint isn't regulation—it's whether we can physically power the buildout. US policymakers are wrestling with AI infrastructure bottlenecks, particularly energy capacity limitations that are slowing data center expansion
Continue reading ›
Grayscale just published a roadmap for how tokenization actually rolls out, and it's not the story crypto Twitter is telling itself.
Continue reading ›
Hollywood held an AI pep rally a week after OpenAI killed Sora, and almost everyone pretended not to notice the body. Runway hosted an AI Summit where speakers compared generative AI to fire and the printing press, just days after OpenAI shut down Sora
Continue reading ›
The Treasury just opened comment on a rulebook that could fragment the $300 billion stablecoin market across 50 states, or finally give it the regulatory clarity it's been begging for.
Continue reading ›
Elon Musk's SpaceX just filed confidentially for what could be the largest IPO in history, and the timing tells you everything about who's winning the infrastructure war for AI. SpaceX has filed confidentially for an IPO, positioning for what sources say could be the largest public listing ever
Continue reading ›
The smartest money in private equity just said most CEOs are implementing AI backwards. Bain Capital's David Gross told Bloomberg that executives are treating AI as a technology deployment problem instead of a fundamental business redesign.
Continue reading ›
ChatGPT is confidently citing product recommendations that WIRED's reviewers never made, and it's a blueprint for how AI agents will fail you when the stakes actually matter. WIRED tested ChatGPT's ability to surface their own expert product recommendations and the AI got them consistently wrong
Continue reading ›
Major AI companies face mounting challenges as security lapses and regulatory scrutiny intensify. Mercor's recruiting platform falls victim to supply chain attack, while Anthropic accidentally exposes its own code in rushed deployment. YouTube continues pushing AI content to children despite expert
Charles Schwab and Citadel's crypto exchange just asked to become a bank, joining six other firms in a quiet regulatory land grab that rewrites who controls digital asset infrastructure.
Continue reading ›
The supply chain for AI infrastructure just proved it's as vulnerable as any other software stack, and this time the target was a company literally replacing human recruiters with agents.
Continue reading ›
South Korea's Bithumb just pushed its IPO back three years, and the reason tells you everything about what it takes to bring crypto into traditional capital markets. Bithumb is delaying its IPO until after 2028, pushing back from an already-delayed 2025 target
Continue reading ›
Morgan Stanley says dealmakers are ignoring the chaos and buying anyway, even as AI creates winners and losers faster than most boards can track. Companies are still doing M&A despite geopolitical volatility, energy market swings, and AI's uneven impact across sectors
Continue reading ›
Bain Capital is telling CEOs they're deploying AI like they're installing new software, and that's exactly why most AI projects are going nowhere. Bain Capital Managing Partner David Gross says executives are treating AI as a tech rollout instead of a business model rethink
Continue reading ›
Tether's executive chairman just joined a crypto super PAC while Congress fights over whether stablecoin issuers should share yield with holders. A crypto super PAC appointed Tether's executive chairman as debate over stablecoin rewards threatens to derail the Clarity Act
Continue reading ›
OpenAI just raised $122 billion at an $852 billion valuation, and even the VCs cutting the checks are saying valuations are "punchy." OpenAI closed its largest fundraising ever at $122 billion, pushing its valuation to $852 billion while Anthropic hit $380 billion
Continue reading ›