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Altman Meets with Samsung Executives: Acknowledges AI Short-Term Bubble and Overestimation of Computing Demand
During a closed-door meeting with Samsung executives, Sam Altman warned of the short-term bubble risk in AI computing power due to "redundant calculations" in demand, emphasizing that "only OpenAI and Anthropic can truly drive large-scale demand growth." In response to profitability concerns, Altman...
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Novig loses court shield, and New York gambling laws strike back
Novig appealed after a federal judge denied protection from New York gambling laws for sports contracts on its CFTC-designated exchange.
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MSCI to Remove Strategy from Global Index, Billions in Fund Flows at Risk
The index operator MSCI has decided to remove Strategy and several other companies from its global index after determining their nature is more akin to investment funds. On Wednesday, Strategy's stock price fell by 2%. Led by Michael Saylor, Strategy pioneered the digital asset treasury model last y...
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