The Securities and Exchange Commission filed a lawsuit against Binance and its CEO Changpeng Zhao on Monday, alleging that Zhao and Binance secretly controlled Binance.US and commingled “billions of dollars” of investor assets. The SEC alleges Binance misled U.S. regulators and offered and sold unregistered securities. It alleges that Binance continued to allow U.S. customers to trade on...
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Why the AI Race Is Getting Weird
There comes a point in every major new technology cycle where new alliances form, especially between the incumbents and the younger upstarts nipping at their heels.This is happening at superspeed in artificial intelligence—but the pattern is frankly pretty weird, and I think it points to the fact that AI, in a lot of ways, is going to be different from tech developments before it, like cloud...
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