American cryptocurrency exchange, founded 2012 by Armstrong and Ehrsam
Bitcoin has fallen from its peak as traders weigh Strategy’s bitcoin sale and a string of AI-driven bets, with markets shifting toward IPOs and chipmakers amid broader risk-off moves.
A wave of city and state actions curbs datacenter expansion amid AI investments. Seattle and New York push moratoriums to reassess power, water use, and community impact while major employers accelerate AI spending and layoffs.
Kalshi has launched U.S. trading of perpetual futures, marking a milestone for the platform after regulatory approval. In the first 24 hours, volume surpassed $100 million, eventually crossing $1 billion within a week as traders flock to perps that track asset prices with no expiration date.
Microsoft has announced 4,800 job cuts companywide, including 3,200 roles in Xbox during fiscal 2027 and 1,600 Xbox positions eliminated immediately. Xbox will spin out or divest five studios and reduce management layers as it restructures to strengthen margins while shifting resources toward AI and core franchises. The move has reduced Xbox headcount by about 20%.
The Soros family has directed substantial political giving in the 2026 midterms, with several members contributing millions through PACs and private avenues. The flow of funds is shifting influence within the Democratic slate, while other donors and groups intensify their involvement.
Federal authorities allege that charity fronts diverted funds to Hamas-linked figures and to Palestinian Islamic Jihad, with cryptocurrency transfers totaling over $30,000 and dozens of transfers to Gaza. The cases involve a Rochester-area mother who led an anti-Israel group and faces up to 20 years in prison.
Karp has said U.S. firms are turning to cheaper Chinese AI models amid regulatory pressure on top U.S. models, driving a shift in enterprise AI strategy and impacting domestic AI labs.
WeWard has launched Walking Mode, a feature that locks social apps until users meet a walking goal. The feature aims to promote activity and reduce screen time. Venus Williams funds the project, with the app reporting 30 million users in 29 countries and a 25% increase in walking time on average.
Publishers led by The New York Times have filed a sanctions motion accusing OpenAI of hiding searchable training datasets and millions of de‑identified ChatGPT logs that could show whether the company reproduced copyrighted journalism in its outputs. Depositions have revealed OpenAI held large log samples and internal regurgitation-detection tools; plaintiffs say the sample provided to courts was unusable.
Enterprises are shifting budgeting to value over token costs as AI costs rise. Leaders argue for metrics based on useful work and task-level economics, with pilots testing open-weight and sovereign models.
Apollo Global Management is in talks to back the Yankees with a debt-heavy financing package worth about $3 billion, as the franchise seeks to refinance obligations and fund expansion. The deal would mark Apollo’s largest US sports investment and underscores the growing financial heft of professional sports.
Courts have blocked Minnesota’s prediction market ban, while federal agencies push for broader regulation and states push back. The cases test federal preemption versus state gambling authority, with ongoing litigation and potential appeals shaping the future of event-contract markets.
New York has filed a state Supreme Court lawsuit against Kalshi, arguing its prediction markets violate state gambling laws and require licensing, restitution, and penalties. Kalshi says the action targets a federally regulated platform and seeks to shut it down nationwide.
Businesses are shifting from using the most powerful AI models for routine tasks to funding advisory roles and cheaper execution models. Industry leaders say frontier models should plan and guide, while lighter models handle day-to-day work. The shift aims to boost ROI as token costs rise and oversight tightens.
Uber reports that AI costs per token have declined while adoption climbs, signaling efficiency gains amid ongoing enterprise AI investments. CFO says costs are stabilizing as engineering productivity improves; CTO notes a shift from token maximization to efficient usage. Other tech firms eye AI-driven cost controls and new app strategies.
Crypto firms are increasingly using AI agents to access wallets, stablecoins, and payment networks. Major players are expanding integration between AI agents and programmable money, with Circle rolling out Arc blockchain infrastructure and USDC, while traditional firms eye stablecoins as rails for machine-to-machine commerce. Market volatility remains a backdrop as institutions test these tools.