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Mistral Is in the Right Place at the Right Time Read More »
BlackRock wants to run the money behind stablecoins. The world’s largest asset manager has launched two tokenised money market funds built to serve as reserves for stablecoin issuers, deepening its push into blockchain-based finance. The funds are its latest step in tokenisation, the business of putting traditional assets such as Treasury bills onto a blockchain. […]
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BlackRock launches tokenised money market funds to back stablecoins Read More »
SoftBank’s AI bet meets its accountants this week. When the Japanese group reports earnings, the headline profit will look healthy, but the real story is the mountain of funding commitments Masayoshi Son has stacked behind OpenAI. Analysts expect net profit of around ¥148bn, close to $940m, for the April-to-June quarter, flattered by the rising value […]
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SoftBank’s debt-fuelled AI bet faces its reckoning at earnings Read More »
The most valuable workers in technology cannot be kept, whatever the price. That is the uncomfortable admission running through the AI industry this week, as elite researchers keep hopping between labs that have offered them almost everything money can buy. The trigger was a single line in an Axios report on the talent wars. A […]
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American Bitcoin lost money again in the second quarter, and kept buying bitcoin anyway. The Trump-family-backed miner reported a net loss of $57.2m for the three months to June, narrower than the $81.8m loss it booked the quarter before. Mining revenue rose 8% to $67m, and the company produced a record 932 bitcoin over the […]
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Trump-backed American Bitcoin posts $57m loss but grows its BTC treasury Read More »
Most AI companies want to sell software to call centres. Yellow.ai wants to buy the call centres. The enterprise-AI firm has agreed to go public through a merger with a blank-cheque company. It plans to spend much of the money acquiring the outsourcing operators it aims to automate. The deal folds Yellow.ai into Bluerock Acquisition […]
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Yellow.ai is going public to buy the call centres it wants to replace with AI Read More »
AI Conquered Coding. Fast Food Is Next Read More »
Europeans Are About to Find Out How Entrenched AI Is in Their Daily Lives Read More »
Chinese AI Researchers Are Finding Their Voice on X Read More »