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Crypto’s Nasty Downturn Is Getting Worse

Crypto’s Nasty Downturn Is Getting Worse

The relentless decline in the crypto market is about to hit the six-month mark with no end in sight, prompting companies to cut staff and pivot to businesses such as stock trading and prediction markets. Bitcoin has lost half of its value since peaking early last October at $126,080, with other crypto assets down far more. Monthly trading volume for crypto is on track to be the lowest since January 2024, and less than a third of the level it hit just after the presidential election, according...

Nasdaq Rule Change Would Speed Index Entry for SpaceX IPO

Nasdaq-listed companies will be able to join the index after 15 days of trading, down from three months currently.

Chinese Humanoid Maker Agibot Rolls Out 10,000th Mass-Produced Unit

China’s robotics sector is ramping up its mass production of humanoids by taking advantage of the country’s vast supply chain and global demand.

Midjourney Revenue Now ‘Significantly’ Above $200 Million

The startup may finally need venture capital to move further into hardware.

Washington State Sues Kalshi

The startup faces a growing number of legal battles.

Physical Intelligence Said to Discuss $11 Billion Valuation

Robotics startup Physical Intelligence is in talks to raise roughly $1 billion in a round that would value it at over $11 billion including the investment.

Google Reportedly in Talks to Finance Multibillion-dollar Data Center for Anthropic

Google has invested more than $3 billion in Anthropic, and is a major cloud provider for the company.

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Microsoft Leases Texas Data Center Site After Oracle and OpenAI Walked Away

Oracle and OpenAI, which rents Nvidia AI servers from Oracle Cloud, walked away from the site earlier this year.

U.S. Officials Say China’s Largest Chipmaker Has Supplied to Iran’s Military

China’s chipmaking tool sales to Iran, ongoing for roughly a year, may violate U.S. sanctions if any of the equipment is of American origin.

Anthropic Discusses Q4 IPO, Preps ‘Claude Mythos’ Advanced AI

The company is testing Mythos with select customers.

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Anthropic Wins Injunction Blocking Pentagon Blacklisting of Firm

Judge Rita Lin of the Northern District of California wrote that the supply chain risk designation was “likely both contrary to law and arbitrary and capricious.”

David Sacks Leaves White House AI and Crypto Czar Role

The venture capitalist will remain involved in politics as a co-chair of the President's Council of Advisors on Science and Technology.

X Lays Off CMO, Other Staff Ahead of SpaceX IPO

The company has also brought in Jon Shulkin, a longtime Musk investor and ally, to work as chief revenue officer as the site tries to cut costs and boost revenue, the Journal reported. 

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OpenAI Surpasses $100 Million Annualized Revenue From Ads Pilot

The revenue milestone comes six weeks after the ads pilot was announced.

Aligned Data Centers Raises $2.6 Billion in Debt

The company said it structured the debt so that it would count as investment-grade capital for insurance funds.

OpenAI Puts Plans for Erotica in ChatGPT on Hold Indefinitely

In recent months, OpenAI has cut back on side projects as it looks to focus more on its core products for consumers and businesses.
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