OpenAI reportedly cuts fundraising and valuation targets amid AI jitters
Anxiety about the AI boom has sent the Nasdaq 100 slumping by about 10% in just three weeks since hitting a record high on October 6, including a 4.5% drop on Friday.
Artificial Intelligence
Block’s new voice AI sounds eerily human, sparking awe and scam fears
Reactions split between amazement at how human it sounds and fears it could fuel scams and deception, with CZ eyeing uses in children’s education.
U.S. CFTC sets agenda for AI forum, exploring trading and agentic finance
A Commodity Futures Trading Commission task force is scheduled for October 28 to talk about how the latest “super intelligence” technology may impact markets.
Bitcoin mining offshoot Nscale loses Microsoft AI deal as power delay stretches into 2030s
The Nvidia-backed company planned to deliver 23,000 AI chips in the U.K. next year, but its grid connection may not be ready until the 2030s.
BlackRock’s Fink names a U.S. recession trigger, sounds alarm over $40 trillion national debt
BlackRock’s CEO says “a moratorium of some sort” on data center buildouts would put the U.S. in a recession.
AI agents make 138 million crypto payments as U.S. dominates spending on AI models
U.S.-linked wallets account for just over 88% of tracked AI model payments, dwarfing China’s 0.1% share, according to new Chainalysis research.
Crypto exchange MNX takes on OKX, Bitget offering pre-IPO futures for AI giants
MNX is offering a different way to trade the future valuations of private AI companies, including OpenAI, Anthropic and DeepSeek.
Palantir’s Europe head warns the region is ‘missing the boat’ on AI just as it did with the internet
The Palantir UK chief said the U.S. is racing ahead on enterprise AI while Europe hesitates, and explained why he thinks the company faces intense political attacks.
Cathie Wood says smart investors need to start watching where AI agents spend money
As AI agents evolve from answering questions to spending real money, investors and tech giants are scrambling to control the financial networks powering machine-driven commerce.
Trump’s potential AI czar, Jay Clayton, helped pioneer the SEC’s crypto crackdown
The former SEC chairman who may be tapped to oversee the Trump administration’s AI work has a potentially divisive history as a watchdog of tech innovation.