Coinbase plans to chop about 14% of its employees in a restructuring introduced Tuesday by chief government Brian Armstrong. The transfer will flatten the trade and rebuild operations round synthetic intelligence. The lower will collapse the corporate hierarchy to a most of 5 layers under the CEO and chief working officer. Senior leaders are anticipated…
Grok’s auto-provisioned Bankr pockets was drained of roughly $150,000 in DRB tokens after an attacker used a gifted Non-Fungible Token (NFT) and a coded reply to push the unreal intelligence (AI) into authorizing the switch. Bankr founder 0xDeployer stated the pockets had no admin at xAI and was managed fully by way of Grok’s X…
Bitcoin miners enter Q1 2026 earnings week with thinning margins because the 2024 halving’s income minimize bites. The AI internet hosting pivot now faces its first public scorecard, with Bitcoin (BTC) buying and selling close to $80,000. Strategy (MSTR), Cipher Mining (CIFR), Hut 8 (HUT), Core Scientific (CORZ), Coinbase Global (COIN), Block (XYZ), and TeraWulf…
Retail buyers have topped semiconductor exchange-traded funds the most well liked commerce of 2026, leaving crypto ETFs with far weaker particular person flows. Chip funds absorbed about $3.2 billion in internet retail shopping for since January 2025. The Kobeissi Letter cited J.P. Morgan fairness technique knowledge by way of April 29, 2026. Retail shopping for…
Greg Abel instructed Berkshire Hathaway shareholders Saturday that the conglomerate will undertake synthetic intelligence (AI) solely the place it provides clear worth, rejecting industry-wide hype in his first annual assembly because the designated successor to Warren Buffett. His remarks, delivered in Omaha on May 2, set out a cautious deployment technique throughout Berkshire’s insurance coverage,…
Robot canines with the faces of Elon Musk, Jeff Bezos, Mark Zuckerberg, and different well-known figures are roaming inside a Berlin artwork gallery, watching guests, producing AI photographs, and printing them from their rear ends. The set up, known as “Regular Animals,” is the newest work from digital artist Beeple, whose actual identify is Mike…
Alphabet (GOOGL) added greater than $300 billion in market worth on April 30, 2026, lifting its capitalization above $4.5 trillion. Meta Platforms (META) shed roughly $175 billion in the identical session regardless of a stronger top-line beat. Both corporations reported Q1 2026 outcomes after the shut on April 29. Investors rewarded Google for seen AI…
Elon Musk informed an Oakland jury that the majority cryptocurrencies are scams throughout testimony in his civil trial in opposition to OpenAI, marking a notable break from his years as one of many sector’s loudest public boosters. The Tesla and SpaceX chief made the comment when requested a few 2018 OpenAI plan to lift funds…
Meta Platforms (META) shares dropped roughly 10% on Thursday, erasing about $175 billion in market worth. The next 2026 capital expenditure forecast of $125 billion to $145 billion triggered the selloff. The decline marked the inventory’s largest single-day proportion drop in roughly six months. It got here regardless of Q1 2026 earnings that exceeded Wall…
Amazon, Meta, Microsoft, and Alphabet all topped Wall Street income forecasts on Wednesday. However, aggressive capital spending plans triggered after-hours selloffs and pressured tech-correlated threat belongings. Meta dropped 6% after elevating its 2026 capital spending information, whereas Microsoft and Amazon slipped on AI buildout prices. Alphabet was the lone gainer, lifted by cloud energy. Big…