Jay Clayton, the former chair of the SEC from 2017 to 2020, known for his tough stance on cryptocurrencies and protecting retail investors, has a few thoughts on prediction markets—a space that is growing dangerously fast and increasingly blurring the line between investing and gambling. “In any new thing—and I don’t want to get ahead…
While electric vehicle (EV) sales continue to rise globally, the broader auto market is cooling. Economic uncertainty and rising interest rates discourage consumers from making purchases, particularly for those on the fence about committing to a significant investment like a new car. As a result, subscription and flexible ownership models are emerging as an effective…
A.I. is helping holiday shoppers empty their wallets at an unprecedented pace. U.S. consumers spent a record $11.8 billion online this Black Friday, according to Adobe Analytics, and are expected to shell out another $14.2 billion on Cyber Monday. Driving this shopping frenzy is a growing reliance on A.I. systems to recommend gifts, track prices…
Last month, SoftBank sold $5.8 billion worth of Nvidia shares, and CEO Masayoshi Son now says he’s “crying” over the decision. “I don’t want to sell a single share,” he said at the FII Priority Asia forum in Tokyo today (Dec. 1). Son explained that the sale was meant to fund SoftBank’s investment in OpenAI…
When OpenAI opened its first Asian office in Tokyo in April 2024, the company highlighted Japan’s strengths: a deep engineering talent pool, a corporate sector known for precision, and a government eager to advance A.I. Last month, Anthropic followed suit, launching its own Tokyo office. The company, best known for its Claude models, also signed…
Anthropic, the company behind the Claude family of A.I. models, has moved with remarkable speed since its founding in 2021. In recent months, its high-velocity growth has been accompanied by a wave of high-profile hires, including Rahul Patil as chief technology officer (joining from Stripe) and Vitaly Gudanets as chief information security officer (joining from…
If you’ve ever tried to buy or sell a home, you know how strange it feels to make one of the biggest financial decisions of your life while being half in the dark. You can see listings, maybe a few comps and a rough estimate of value. But the full picture, the verified data that…
For years, crypto has resembled a casino, with flashy trends, wild price spikes and meme coins stealing the spotlight. But beneath the noise, something very different is taking shape in the middle of this so-called bear market. The next major leap in digital assets is unlikely to be fueled by the latest meme coin or…
Sam Altman and Jony Ive have stayed painstakingly cryptic about what their collaborative A.I. hardware device will ultimately look like. So far, the OpenAI CEO and former Apple designer have shared only that the product will be less clunky than a laptop and less screen-focused than a smartphone. Their latest hint, meanwhile, speaks to the…
Enabled Intelligence, an A.I. data labelling startup, might need to add a few new cubicles—the Falls Church, Va.-based company is quadrupling its workforce after securing a major contract to provide data labelling services to the U.S. Department of Defense (DoD) and the broader intelligence community. The five-year-old company credits its rise to an emphasis on…
