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Sam Altman Said OpenAI Wants AI to Work like a Utility That People Pay for by Usage
OpenAI’s founder and CEO Sam Altman sat before a massive crowd at a conference and said with a straight face that: “We see a future where intelligence is a utility, like electricity or water, and then we’ll make people buy it from us on a meter.” Chilling, isn’t it?Cryptopolitan
Wed, May 27
Gold declines to near $4,500 as renewed US‑Iran tensions, Fed tightening bets weigh
Gold price (XAU/USD) loses ground to around $4,500 during the early Asian session on Wednesday. The precious metal extends the decline as fresh US military strikes on Iran dimmed hopes of a peace deal and reinforced concerns that persistent inflation could keep interest rates higher for longer.
Fxstreet
Wed, May 27
Is Elon Musk Really Planning to Merge SpaceX with Tesla?
Is Elon Musk really planning to put SpaceX and Tesla (TSLA) under one roof? It’s all anyone’s talking about on Wall Street, in executive offices, regarding AI expenditure, rockets, and some strange family tree of businesses.Cryptopolitan
Wed, May 27
USD/JPY Price Forecast: Clashes at 159.00, retreats to 50-day SMA
USD/JPY edges lower during the North American session, sponsored by geopolitical headlines, which weighed on the US Dollar. In the meantime, fears of a possible intervention of Japanese authorities in the FX markets underpinned the Japanese Yen. The pair trades at 158.91, down 0.19%.
Fxstreet
Mon, May 25
Dow Jones Futures Rise as Market Sentiment Improves on Potential US-iran Deal
Dow Jones futures advance 0.82% to near 50,100 during European hours on Monday. Meanwhile, the S&P 500 rise 0.93% above 7,550, and the Nasdaq 100 futures gain 1.38% above 29,950. Trading activity is expected to stay subdued as US regular markets will be closed due to the Memorial Day bank holiday.
Japan PM Takaichi: Impact of New Debt to Be Offset by Higher Tax Revenue
Japan Prime Minister (PM) Sanae Takaichi said during the European trading session on Monday that the potential new debt to compensate for higher household utility and gas bills won’t impact bond markets, as it will be offset higher tax and other revenue sources.Fxstreet
Mon, May 25
White House Adviser Hassett Says Ending Iran War May Create Room for Fed Rate Cut
US President Donald Trump’s chief economic adviser at the White House, Kevin Hassett, said on Monday that he is confident that an eventual drop in oil prices will create space for the US Federal Reserve (Fed) to cut the interest rates.Fxstreet
Mon, May 25
Japanese Yen Gains Traction on Us-Iran Peace Progress
The USD/JPY pair edges lower to around 158.85, snapping the two-day winning streak during the Asian trading hours on Monday. The US Dollar (USD) weakens against the Japanese Yen (JPY) amid signs of a US-Iran deal to reopen the Strait of Hormuz.Fxstreet
Mon, May 25
Asian stocks rally on Mideast peace hopes; Japan’s Nikkei hits record high above 65,000
Most Asian stocks rally broadly at the start of a new week as developments over the weekend fuel hopes for a potential deal to end a nearly three-month-long Iran war and boost investors' appetite for riskier assets.Fxstreet
Mon, May 25
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