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Chicago Fed's Goolsbee says on CNBC the Fed needs to guard against demand overheating

economictimes.indiatimes.com

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Chicago Fed president Austan Goolsbee stated that inflation has moved beyond temporary energy and tariff-related price shocks. He highlighted that increased demand from the AI buildout is pushing prices higher across many sectors including health care and services. Goolsbee emphasized the importance of upcoming inflation data for determining the Fed's rate i…

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scmp.com

No actors, no crew, no ticket sales: ‘So obviously AI’ film flops at China’s box office

China has ushered artificial intelligence into its cinemas, but the country’s first fully AI-generated feature film has flopped at the box office. Made with no human actors or camera crew, Sanxingdui: Future Past brought in just around 1.8 million yuan (US$270,000) after three weeks in theatres, according to Chinese box office data tracker Beacon Pro. The fi…

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news.bitcoin.com

What Nvidia’s CEO Ouster and Bitcoin Have in Common

Speculation is mounting that Nvidia CEO Jensen Huang was forced out after the co-founder of the multitrillion-dollar company began advocating for open-source AI models. While these theories remain unconfirmed, they also draw parallels with Bitcoin’s own fight over open-source development. Although Huang announced his resignation, an undisclosed person famili…

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