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Japan plans $65 billion physical AI push by 2040 to offset a shrinking workforce
On June 19, Japan’s government unveiled a plan to funnel 10.5 trillion yen ($65.1 billion) in combined public and private investment into physical artificial intelligence across 17 strategic sectors by fiscal 2040, according to Nikkei Asia. This is the fifth major policy move made by the government of Prime Minister Sanae Takaichi within just four...Cryptopolitan
Sat, Jun 20
Trump says "Anthropic is no longer a national security threat" after G7 lunch with Amodei
President Donald Trump told Axios’s Marc Caputo in a pre-taped interview published June 19 that he no longer views Anthropic as a national security threat, two days after meeting CEO Dario Amodei at the G7 summit. Asked whether Anthropic or Amodei posed a threat, Trump said, “Well, not now, but a week ago, maybe.” ⚠️...Cryptopolitan
Fri, Jun 19
Sam Altman's growing legend gains new chapter as Amazon shelves biopic over OpenAI ties
Sam Altman has faced boardroom coups, billion-dollar lawsuits, and personal allegations, and now, he can add Hollywood drama to the list after Amazon pulled its nearly finished biopic about him. Observers are viewing Amazon’s action as its way of avoiding the risk of offending a $50 billion business partner. Amazon MGM Studios confirmed on Thursday...Cryptopolitan
Fri, Jun 19
Nansen CEO: CZ missed chance to own SBF's $100 billion venture portfolio
Nansen’s CEO, Alex Svanevik, has pointed out that Binance founder Changpeng Zhao (CZ) would have become one of the most valuable venture portfolios in tech history by now if his company had completed the acquisition of FTX in November 2022. A Forbes analysis released back in May showed that Sam Bankman-Fried’s personal and FTX-linked investments,...Cryptopolitan
Fri, Jun 19
Polymarket analyst dismantles Bloomberg insider trading claims, calls flagged wallet a regular bettor
Pseudonymous analyst Car has written a rebuttal to the Bloomberg report on alleged insider trading that flagged specific wallets and labeled tens of millions in trading volume as suspicious. Car’s thread highlighted what he says are several problems with Bloomberg’s methodology. The analyst stated that the publication overstated winnings and misread on-chain data to build...Cryptopolitan
Fri, Jun 19
Alibaba goes all in on AI, with Joe Tsai calling it a US$50 trillion market
Alibaba Group presented its strongest commitment to artificial intelligence this week. Chairman Joe Tsai said AI could eventually create a US$50 trillion market and that the company plans to invest in every area of the AI industry rather than focusing on just one. Tsai clarified that Alibaba is pursuing a comprehensive AI strategy that encompasses...Cryptopolitan
Fri, Jun 19
Texas brothers plead guilty to armed crypto kidnapping
Two brothers from Waller, Texas, who held a Minnesota family at gunpoint for more than eight hours and forced the father to hand over $8 million in cryptocurrency, pled guilty to their crimes in a Federal Court on Thursday. The duo’s case is part of a global surge in violent crypto theft that has prompted...Cryptopolitan
Fri, Jun 19
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Today’s Market Recap: U.S. Stocks Rebound as Nasdaq Gains 1.11%, Memory Chip Stocks Rally, SanDisk Jumps 5.5%
US Stocks Close: Nasdaq Rises 1.1% as Tech Stocks Rebound, Memory Stocks Lead Gains With Micron Up Nearly 3%
Tesla Q3 Earnings Preview: Can Auto Margins Stabilize? Wall Street’s Highest Price Target at $550
US Stocks Close: Dow Rises Over 500 Points Amid Mixed News on US-Iran Talks; Some Tech Stocks Rebound, Meta Falls for Fifth Day
US Memory Sector Slides Again Pre-Market as Micron, SanDisk, Western Digital Erase Monday Gains
