Patrick Gruhn at the moment launched UpsideOnly, a man-made intelligence (AI) buying and selling platform. The advertising rests on a single promise that customers “can’t lose.” Gruhn used to run FTX Europe. In early reactions to at the moment’s launch, that reality is doing extra work than the product itself. An FTX-Built Engine Inside a…
NVIDIA has tapped SpaceX as one of many first prospects to deploy its new Vera CPU, the chipmaker’s debut processor designed particularly for agentic synthetic intelligence (AI) workloads. The collaboration drew fast public backing from SpaceX chief govt Elon Musk, who reposted the announcement on X and joked that the chip lived as much as…
Mark Cuban has proposed a federal tax on synthetic intelligence (AI) tokens at lower than 50 cents per million. He stated the levy would push giant mannequin operators towards effectivity whereas elevating billions in annual income. The Dallas Mavericks proprietor stated his concept mirrors the regulatory path crypto as soon as resisted. Critics together with…
OpenServ (SERV) climbed almost 70% in 24 hours. The token broke out of a falling wedge that had pressured value since late October 2025. The transfer arrived as autonomous AI brokers returned as certainly one of crypto’s main narratives. SERV trades close to $0.051 with a market cap of about $39 million. The venture ranks…
Bitwise CEO Hunter Horsley needs AI-displaced tech employees to contemplate crypto. He argues that the trade’s messy issues create the type of alternative formidable engineers ought to chase. The pitch arrived inside a broader Silicon Valley dialog about AI-driven job anxiousness. Investors and founders are describing a workforce reshaped by automation, widening wealth divides, and…
Penn Entertainment and Gambling.com Group introduced contemporary job cuts this week. Gambling.com is eliminating 25% of its workforce whereas Penn trims greater than 75 roles from its Interactive division. The cuts arrive as the sports activities betting sector contends with two converging pressures. Operators are accelerating synthetic intelligence (AI) adoption whereas regulated prediction venues siphon…
Microsoft (MSFT) inventory slipped 0.42% to $422.07 on May 15. The slide adopted information that the Bill & Melinda Gates Foundation Trust had offered its whole $3.2 billion MSFT stake. The headline quantity masks a deliberate occasion. The Trust has held the place for practically three years. The money funds grantmaking and prepares the endowment…
Eric Trump rejected Senator Elizabeth Warren’s declare that his father directs particular person Nvidia (NVDA) inventory trades. Warren tied current buys to eased US AI chip exports to China. Reports flagged a January 6 buy value up to $1 million in Trump-tied accounts. The Commerce Department up to date AI chip export guidelines one week…
BlackRock Investment Institute warned traders that company-level AI capex now drives your entire macro market backdrop. The asset supervisor mentioned its first 2026 theme, micro is macro, captures the shift. The notice from strategists Jean Boivin and Wei Li lands as Big Tech capital spending tracks roughly $725 billion this 12 months. That determine is…
SpaceX’s IPO prospectus does one thing uncommon. It strips public traders of the proper to take away the chief government. The similar submitting warns that his departure might be existential. The contradiction is structural, not unintended. The S-1 asks markets to fund a single founder. It additionally asks them to simply accept a pay bundle…