Solana blockchain co-founder Anatoly Yakovenko reacted sarcastically to a sudden agreement among AI industry leaders to force a halt to the development of advanced neural networks. Earlier, the heads of Anthropic (Dario Amodei), OpenAI (Sam Altman) and xAI (Elon Musk) simultaneously called for the industry to slow down, citing safety risks. However, the Solana co-founder
A Federal Reserve rate hike next Wednesday — likely 25 basis points — is essentially universally expected at this point. One of the last holdouts on Wall Street, Goldman Sachs, late Friday, rescinded its forecast that the Fed would stay on hold next week. “While today’s CPI report only raised our August core PCE forecast
Circle’s reported $400 million acquisition of Singapore-based Tazapay is shaping up to be an emerging-market play, giving the $USDC issuer local payment rails that can take years to build. “This is the latest signal that stablecoins’ next battleground is in emerging markets,” said Martins Benkitis, co-founder and CEO of Gravity Team, a global liquidity provider
Anthropic is in talks with Nvidia about a potential $10 billion investment in what may be the biggest IPO in history, Reuters reported on Saturday, citing people familiar. The people said Anthropic is seeking to raise as much as $100 billion in the offering, which could value the AI company at about $2 trillion. The
After a strong August rally, where the Spot Bitcoin [$BTC] ETFs recorded $3.52 billion in inflows in a month, the September effect seems to be kicking in. In the past week, from 8th to 11th September, $BTC ETFs recorded outflows worth $462.73 million. The week started on a negative note with a cumulative net outflow
Larry Ellison has killed a plan that could have moved as much as $7.5 billion of his Oracle shares into the market, only a day after the plan became public. Oracle (NYSE: ORCL) said Saturday that its co-founder would not sell any stock under the arrangement. The Austin, Texas company disclosed a day earlier that
The public offering of stock for artificial intelligence giant OpenAI appears to be delayed until at least 2027. “I actually think that, given everything happening with safety, right now would be an ill-advised moment to go public, and we don’t feel pressure on that,” OpenAI CEO Sam Altman told Fortune. “We got a lot of
Bitcoin Suisse, which has more than $3 billion in digital assets under custody, plans to cut up to 60 jobs in Switzerland, half its workforce in the country, as the crypto financial services firm moves more software development and back-office work overseas. The Zug-based company, which employs around 200 people globally, is also closing its
The executives racing to build the world’s most powerful artificial intelligence (AI) systems are starting to agree on something that would have sounded extraordinary only a few years ago: the race needs to slow down. Dario Amodei, CEO of Claude’s developer, Anthropic, on Saturday called for companies to deliberately pace advances in frontier AI, arguing
Yi Lihua, founder of Liquid Capital, stated that the strengthening expectations of interest rate hikes over the past two days have led to divergence in the cryptocurrency market regarding direction, and highlighted two possible scenarios and three significant investment opportunities for the upcoming period. According to Yi Lihua, if the Fed actually raises interest rates,