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Scott Bessent proposes independent agency to oversee frontier AI models
Treasury Secretary Scott Bessent proposes a FINRA-style independent agency to oversee frontier AI models, reporting t…
Bank of America names senior executives to drive AI adoption in global markets
Bank of America appointed senior executives to lead AI transformation and a global digital assets platform across its…
US government considers FINRA-style regulator for AI oversight, and crypto should pay attention
Google DeepMind CEO proposes a FINRA-style self-regulatory body for frontier AI models with a 30-day review period, c…
Bank of America taps new leaders to bridge crypto, AI and traditional finance
Sonali Theisen was named head of BofA's global digital assets platform, while Kevin Milsom was tapped to serve as hea…
Moonshot AI’s Kimi K3 model prompts David Sacks to warn US over AI competitiveness
David Sacks warns US is losing the AI race after Moonshot AI launches Kimi K3, a 2.8 trillion parameter model priced …
Meta Platforms faces uncertainty over AI return on invested capital as capex balloons to $145B
Meta Platforms plans up to $145B in 2026 capex for AI infrastructure as Morningstar assigns a High Uncertainty Rating…
TikTok tests AI likeness detection tool with US creators, raising questions about digital identity’s future
TikTok tests an AI likeness detection tool for US creators using Jumio identity verification, highlighting implicatio…
OpenAI CFO outlines scorecard for measuring AI investment value
OpenAI CFO Sarah Friar introduces 'useful intelligence per dollar' scorecard to measure AI investment ROI, shifting f…
Brex open sources CrabTrap to secure enterprise AI agents
Brex open-sources CrabTrap, an HTTP proxy that intercepts AI agent network traffic using deterministic rules and LLM …
FTX to begin fifth creditor distribution on July 31
FTX will begin its fifth creditor distribution on July 31, with eligible customers receiving payments through BitGo, …
Moonshot AI claims Kimi K3 can rival OpenAI and Anthropic, and markets are paying attention
Moonshot AI's Kimi K3 model packs 2.8 trillion parameters and challenges OpenAI and Anthropic, sending ripples throug…
Trump aide allegedly made $100K betting on 12 speeches before anyone knew – then Kalshi stepped in
More than a dozen speeches are alleged, but no cited report dates the first alert, restriction, or CFTC referral. The…
Dutch crypto exchange collapses exposing customer balances’ true value amid multi-million-euro hole
The court found an undisclosed deficit and said Knaken cannot repay customers in full, leaving recovery to an indepen…
DeepSeek symbolizes China’s ambitions in frontier AI, faces uncertainty ahead of potential IPO
DeepSeek's rapid rise from hedge fund spin-off to $52B AI powerhouse challenges US dominance and sends ripple effects…
Arena introduces factuality rankings for language models, shaking up positions for Claude, GPT-5.5, and Muse Spark
Arena.ai's new factuality-adjusted leaderboard reshuffles AI rankings, boosting GPT-5.5 by 13 spots while Muse Spark …
Wells Fargo rolls out AI Teammate for financial advisors managing $2.4 trillion in client assets
Wells Fargo launched its AI Teammate for financial advisors managing $2.4 trillion in client assets, part of a $1 bil…
Bitmine nears its Ethereum buying limit – Now it needs demand to make the bet pay off
Bitmine plans to slow its Ethereum purchases as its holdings approach 5% of the cryptocurrency’s supply, ending a y…
Galaxy Digital puts its name on Texas Tech football stadium in 15-year partnership
The deal's financial terms were not disclosed, but Yahoo Sports reported the agreement is worth more than $70 million.
AI agents employ $24M market to act smarter as agentic crypto payments spread online
Lincoln Murr asked his AI agent to send some Twitter articles to his Kindle, copying a trick he'd seen suggested onli…
OpenAI updates ChatGPT desktop app with sync features and mode consistency
OpenAI updates ChatGPT desktop app with cross-device chat sync and improved mode switching, fixing usability issues f…
AMD enters a new AI growth phase, and crypto miners are paying attention
AMD's Q1 2026 revenue hit $10.25B with data center sales up 57% YoY. Here's how its AI infrastructure push impacts cr…
Crypto-style derivatives reach AI compute ahead of planned CME and ICE futures: Bernstein
Crypto-style perps and prediction markets hit AI compute ahead of CME and ICE, with regulated GPU futures targeted fo…
ON Semiconductor makes $7B acquisition to boost AI capabilities
ON Semiconductor announced a $7 billion all-stock acquisition of Synaptics to expand into edge AI, but shares dropped…
Moonshot claims its new AI model matches performance of OpenAI and Anthropic
Moonshot AI's Kimi K3 boasts 2.8 trillion parameters, claims benchmark performance rivaling OpenAI and Anthropic. Her…
Obama-Biden alumni launch AI policy initiative to rebuild Democrats’ relationship with tech
The Blue Horizon Project, led by former Obama-Biden officials, aims to rebuild Democrats' tech relationship with a fo…
Taiwan sentences BitShine crypto exchange ringleader to 22 years in $39 million fraud case: reports
The defendant reportedly led a criminal group that operated under the guise of BitShine, which was once registered wi…
UK gang jailed over $5.4 million crypto scam posing as police
The gang impersonated police officers and used convincing fake police websites to steal more than £4M in cryptocurre…
Meta hires AWS executive Dave Brown to expand AI data center efforts
Meta hired AWS SVP Dave Brown to lead AI data center expansion and build Meta Compute, signaling a push into cloud co…
Grok 4.5 outperforms competitors in AI coding benchmarks
Grok 4.5 leads the SWE Marathon benchmark at 29.0%, beating Claude Opus 4.8 and Fable while offering $2 per million t…
DeepSeek raises $7.4B in first external round, setting sights on OpenAI and Anthropic abroad
DeepSeek raised $7.4 billion in its first external round at a $50B+ valuation, with plans to challenge OpenAI and Ant…