BIG: Banks from to are racing to hire chief AI officers, with compensation nearing $3.5 million as firms compete to poach top AI talent from rivals, according to Bloomberg.
NEW: A China-linked group may have gained access to Anthropic's Mythos AI, raising national security concerns that reportedly prompted White House export restrictions, according to The Verge.
Nvidia CEO Jensen Huang says CEOs blaming layoffs on AI are being "lazy" and using it as an excuse, noting that companies were cutting jobs years before AI became widely productive.
A former SpaceX welder earning $28/hour has become a millionaire after investing in SpaceX stock for a decade. Juan Hernandez received $10,000 in shares in 2015 and kept buying more, with his holdings now worth over $1 million.
Anthropic has suspended Fable 5 and Mythos 5 for all foreign nationals worldwide following a U.S. government export control order. The company says it is working to restore access and believes the move is a misunderstanding.
Anthropic is developing contingency plans for a future where AI permanently disrupts the job market
The company warns that if AIdriven unemployment reaches unprecedented levels universal basic income may be necessary to prevent widespread social and economic instability.
Mastercard unveils Agent Pay, a new AI-powered payments platform that enables autonomous AI agents to make payments using cards, bank accounts, and stablecoins.
Stablecoins made the dollar programmable.
The dollar went from $1.7T in circulation to a $230B + on-chain market in 5 years.
Tokenised gold is doing the same thing to the $35 trillion gold market.
We are at year one of that timeline.
JUST IN: President Trump says Americans could become βvery richβ from the AI boom.
He revealed that he is discussing ways for leading AI companies to give back to the public and plans to meet with the industry's top 15 executives in the near future.
BREAKING: SoftBank attempted to borrow $6 billion against its 13% stake in OpenAI to continue funding the company.
However, banks reportedly rejected the proposal, signaling skepticism about OpenAI's reported $852 billion valuation.
Gold went up 65% in the last 12 months.
The people holding gold made money on the price.
The people who owned shares in gold mining companies made money on the price
AND collected quarterly dividends from production.
Same gold. Two completely different outcomes.
That has been the structure for over 100 years.