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Bitcoin fell below $65,000 on November 15, its lowest level since July, amid macroeconomic concerns, market liquidations and possible competition for investment from AI companies. The broader crypto market cap dropped to $2.19 trillion.
Read the original story ↗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…
Read the original story ↗Shares in AI ‘picks and shovels’ companies hit hard by tech sell-off
Read the original story ↗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…
Read the original story ↗Policymakers and business leaders have important roles to play in supporting U.S. citizens through the AI transition.
Read the original story ↗The pseudonymous owner and maintainer of the bitcoin.org domain stated he had never seen bitcoiners so demoralized, highlighting that the recent bear market was brutal. Cobra pointed out several tailwinds for bitcoin’s future, stressing that owning bitcoin is extremely risky right now. Bitcoin.org Steward Cobra Highlights Tailwinds for Bitcoin in the Short T…
Read the original story ↗In a matter of days, the executive synonymous with the AI boom resigned after 33 years amid reports of affairs and suspected Chinese intelligence ties—sending Nvidia’s stock reeling and leaving the chipmaker leaderless.
Read the original story ↗As market uncertainty deepens, investment banks are on a roadshow to sell investors on what could be the largest public offering ever.
Read the original story ↗Four nonprofit advocacy groups want a California court to stop major AI developers from building stronger models, alleging their technology could cause catastrophic harm worldwide.
Read the original story ↗Decentralized Finance total value locked on MegaETH dropped significantly from over $245 million to $8.8 million.
Read the original story ↗Elon Musk backs a campaign to reinstate Jensen Huang as Nvidia CEO following his abrupt exit. With Arm CEO Rene Haas among potential successors, Huang's departure raises questions about Nvidia's leadership and the AI industry's dependence on his technological and financial influence.
Read the original story ↗Both Tesla and SpaceX have been burning through billions of dollars in cash, and plan to bleed through more to finance new ventures, even as worries about the sustainability of the AI boom drag on the stock market
Read the original story ↗ETF experts say Nvidia’s leadership turmoil and Democratic control of Congress could shift AI demand to the benefit of other Big Tech stocks, rival chipmakers.
Read the original story ↗Langford said the merger of AI Frontiers with Microsoft AI appeared reasonable in theory. However, he argued that the philosophy followed by Microsoft AI's ‘ex-Inflection leadership’ was fundamentally different from the approach adopted by his research team.
Read the original story ↗OpenAI’s new wallet lets AI agents buy products using ordinary cards, challenging crypto payment tools from Coinbase and Circle as companies compete to control everyday online shopping by autonomous software.
Read the original story ↗President Trump and U.S. tech executives are expected to gather for a major summit in Shenzhen next week. On the agenda: a stalled trade war, expanding export controls, and suspected spy games.
Read the original story ↗Y. Suresh Kumar, a former Indian Army officer with 21 years of service, has joined AI startup CoSarathi.ai as co-founder and Chief Marketing and Operating Officer. He will oversee marketing, business operations, strategic execution and partnerships. Kumar previously worked at Deloitte and Centific
Read the original story ↗Investor Leo KoGuan plans to reduce his Nvidia investment while continuing to support Jensen Huang, whom he hopes to back in a future superintelligence venture. KoGuan says Nvidia’s growth outlook remains strong and that AI is not a bubble.
Read the original story ↗Microsoft attributed the outage to a network capacity upgrade issue, confirming that the disruption was unrelated to cyberattacks or AI agents.
Read the original story ↗MegaETH co-founder Shuyao Kong said the restructuring affected employees who helped build the project’s blockchain, wallet and ecosystem.
Read the original story ↗Bitcoin liquidation events exceeding $500 million have become common, reflecting significant market volatility. Recent trading sessions have seen large losses, including a $1.3 billion liquidation. Factors affecting the market include high oil prices and potential Federal Reserve rate hikes. Additionally, investors seem to be favoring artificial intelligence…
Read the original story ↗Nvidia's recent leadership change and the upcoming IPO of Anthropic could significantly influence the AI market dynamics. US-China relations are set for discussions as Trump and Xi meet amid various geopolitical concerns. Oil prices remain volatile due to Middle East tensions and supply changes, affecting potential inflation relief. A UK and EU summit aims t…
Read the original story ↗Artificial intelligence has emerged as a top concern for financial stability, according to a recent report from the Federal Reserve. A staggering 87% of respondents cited AI as a key risk, bringing attention to potential cyber threats and declining corporate earnings. There’s been a dramatic increase in debt tied to AI infrastructure investments.
Read the original story ↗Federal Reserve Vice Chair Philip Jefferson emphasized inflation as the main factor in determining monetary policy. He highlighted that economic growth and a stable labor market have been observed. Jefferson indicated that upcoming adjustments to policy should rely on data trends and the evolving economic outlook. Concerns about artificial intelligence displ…
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