JPMorgan makes AI core infrastructure spending
JPMorgan AI spending has been reclassified from discretionary innovation to core infrastructure,…
Crypto
OpenAI IPO targets late 2026 as revenue hits $25bn
OpenAI has crossed $25bn in annualized revenue and is actively preparing its OpenAI IPO for as early…
US court rules AI ads make Meta liable for fraud
A US court has found that Meta’s AI ads tools materially developed fraudulent investment content,…
Virginia redistricting vote struck down 4-3
Virginia redistricting referendum was struck down 4-3 by the state Supreme Court on May 8, with…
Amazon lets AI bots pay in USDC via Coinbase x402
Coinbase x402 is now native to Amazon Bedrock AgentCore, letting AI agents pay for services in USDC…
Banks try to kill the CLARITY Act
The US banking lobby is mounting a last-minute push to stall the CLARITY Act just days before its…
Stablecoin execs warn on hard part ahead
Executives from MoonPay, Ripple, and Paxos said at Consensus Miami 2026 that stablecoin regulation…
Pentagon publishes 162 UAP files including Apollo…
The Pentagon released 162 UAP files on May 8, including NASA Apollo moon photos and 1965 astronaut…
Connecticut passes sweeping AI regulation law SB5
Connecticut SB5 passed both chambers on May 1 and heads to the governor, making it one of the most…
Morgan Stanley launches ETrade crypto at 0.5% fee
Morgan Stanley has launched E*Trade crypto trading at 0.5%, undercutting Coinbase, Schwab, and…
Meta’s Muse Spark ends its open-source AI era
Meta launched Muse Spark on April 8, its first fully closed AI model, abandoning its open-source…
US adds 115,000 April jobs, beating forecasts
The US April jobs report showed 115,000 positions added in April, nearly doubling the consensus…
Tennessee wipes out its last Black majority district
Tennessee Republicans have erased the state’s last Black majority congressional district, splitting…
Google Chrome secretly installs 4GB AI model
Google Chrome has been silently installing a 4GB AI model called Gemini Nano on users’ devices…
Kalshi valuation hits $22bn after $1bn Series F
Kalshi’s valuation has hit $22bn after a $1bn Series F led by Coatue, doubling its worth in just…
SIREN surges 22% but 4H chart flashes reversal
SIREN price surged 22% on Binance perpetuals on May 8, hitting $1.2965 before a sharp 4H reversal…
