We’ve all “got drunk on the ChatGPT Kool-Aid” over the past few years said Salesforce CEO Marc Benioff.  Marc Benioff, CEO of American cloud computing software firm Salesforce believes the future of artificial intelligence lies in autonomous agents rather than large language models (LLMs) in the form of AI chatbots. “I actually think we’re hitting...Continue Reading

The new wealth record has been driven by a Tesla stock surge late last week and a $50 billion funding round for Musk’s AI startup.  Tesla CEO and tech billionaire Elon Musk is now richer than ever, with his net worth soaring to $348 billion, a new record high stemming from Donald Trump’s victory in...Continue Reading

Terraform Labs’ near $4.5 billion settlement with the SEC has contributed to a record year for the agency’s financial penalties. The United States Securities and Exchange Commission hit a new record for penalties and fines from its enforcement actions in the fiscal year 2024 — due mainly to a massive settlement with crypto firm Terraform...Continue Reading

Mechanism Capital’s Andrew Kang said DeSci protocols will likely change their existing models before evolving into more market-ready products. Decentralized science (DeSci) protocols are where decentralized finance (DeFi) was in 2019 — nascent and largely untested in the markets but filled with “massive potential,” an industry executive says.  “Everything is still raw, experimental, but there’s...Continue Reading

Dogecoin, XRP, Stellar and Sandbox saw a larger liquidation share than usual as some top altcoins from the 2020-2021 cycle soared as high as 50%. Bitcoin retreated after failing to break the $100,000 milestone on Nov. 24, causing one of the largest weekend crypto liquidation events in over half a year.  Over $470 million worth...Continue Reading