Stablecoin supply just passed $300 billion, another milestone making one claim increasingly hard to deny: stablecoins are a success story destined for big things.
Why it matters: These instruments will soon emerge from a legal gray area in the U.S., with the potential to profoundly change how money moves around the world.
Power and data center developer Fermi saw its share price jump 55% on its first day of trading Wednesday, giving it a market cap in the $18 billion range.
Why it matters: Fermi's IPO is the latest sign of capital confidence in power and AI — and not even the only one to emerge over the last day or so.
The Energy Department said Wednesday night it's terminating $7.56 billion worth of financial awards that support 223 projects funded via several of its clean-energy offices.
Why it matters: It's among the starkest reversals of Biden-era DOE financial support for low-carbon energy and manufacturing initiatives.
Ahead of Yom Kippur, the Jewish Day of Atonement, I asked ChatGPT to reflect on the harms it has caused, with the chatbot offering up a candid list of its shortcomings.
Why it matters: ChatGPT seems to openly acknowledge what the industry often glosses over — that even on its best day, its downsides are significant.
OpenAI's new Sora app gives us a fast-forward view of a future in which AI video, social media and the attention economy fuse into one giant mucky, murky, reality-corroding pool of virality.
Why it matters: Feeds, memes and slop are the building blocks of a new media world where verification vanishes, unreality dominates, everything blurs into everything else and nothing carries any informational or emotional weight.
For the third year in a row, the percentage of Americans who say they have a great deal or a fair amount of trust in the mass media has fallen to a record low, according to a new Gallup survey.
Startling stat: Today, only 28% of Americans say they have a great deal or a fair amount of trust in the mass media, down from 68% in 1972.
Billionaire businessman Mark Cuban tells Axios that AI is leveling the playing field for young, low-income entrepreneurs
Why it matters: The longtime "shark" and Cost Plus Drugs co-founder tells Axios the free and low-cost AI tools are giving disadvantaged teens the chance to compete with seasoned pros — and it's changing how he does business too.
Virginia's electricity demand is surging, driven by data centers, transportation electrification and next-gen manufacturing. Energy experts and community stakeholders gathered in Richmond on Sept. 9 for an Expert Voices roundtable to discuss the future of Virginia's power grid and the challenges ahead.
