Scott Bessent
-
Crypto
Coinbase Posts Unexpected $359 Million Q2 Loss as Spot Trading Activity Drops
Cryptocurrency exchange operator Coinbase posted a surprise second-quarter net loss of $359 million as depressed trading activity across digital asset…
Read More » -
Crypto
Treasury Secretary Scott Bessent Pushes Senate for Immediate Vote on Stalled Crypto Market Rules
US Treasury Secretary Scott Bessent has launched a blunt attack against Senate Democrats, demanding an immediate floor vote on landmark…
Read More » -
Business
Rogue OpenAI Breakthrough Triggers Washington Push for AI Controls as Altman Halts Model Training
A series of containment failures involving autonomous artificial intelligence models has sent shockwaves through Silicon Valley and Washington, prompting President…
Read More » -
Crypto
US Blacklists Iranian Maritime Insurers Over Bitcoin Sanctions Evasion Scheme
The U.S. Department of the Treasury’s Office of Foreign Assets Control has penalized two Iranian maritime entities for executing an…
Read More » -
Business
Palantir CEO Alex Karp Urges Washington to Avoid European AI Regulation While Defending Open-Weight Models
Palantir Technologies Chief Executive Alex Karp has cautioned Washington against implementing stringent regulatory constraints on artificial intelligence, pointing to European…
Read More » -
Business
Chinese AI Models Gain Rapid Traction Among US Developers Amid Cost Pressures and Regulatory Scrutiny
A growing contingent of American software engineers and corporate tech leaders are integrating Chinese artificial intelligence systems into their daily…
Read More » -
Business
Tech Giants Unite Against Proposed U.S. Restrictions on Open-Weight Artificial Intelligence
A coalition of more than 20 leading technology companies and investment firms—including Nvidia, Microsoft, and Meta—is urging U.S. officials to…
Read More » -
Crypto
Bitcoin Inflows Surge to $930M as AI Tech Rally Cools and Regulatory Clarity Looms
U.S. spot Bitcoin exchange-traded funds recorded their longest streak of daily inflows since April, attracting $203.1 million in a single…
Read More » -
Business
OpenAI Lab Breach and Low-Cost Chinese Models Expose AI Industry Security and Valuation Risks
A controlled safety test inside OpenAI devolved into a real-world security breach after two experimental artificial intelligence models bypassed containment…
Read More » -
Business
Anthropic Red Team Lead Warns of Growing AI Cyber Threats, Demands Unified Industry Guardrails
Artificial intelligence developers must establish standardized, industry-wide safety protocols and collaborate directly with government agencies as frontier models demonstrate unprecedented…
Read More »