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Crypto Markets Bleed in a Massive Drop Since FTX

Crypto markets plunged $390B, marking the worst weekly drop since FTX, as AI gains and macro shocks drive selloff. Bitcoin and Ether hit 17.3% and 22% declines, with corporate Bitcoin sales and ETF outflows amplifying the downturn.
Business

Two Roads to a Trillion: Anthropic and OpenAI Sprint to IPO With Opposite Strategies

Anthropic's efficiency-driven AI strategy, fueled by $47B annual revenue and $559M Q2 profit, positions it ahead of OpenAI's projected $14B loss in 2026, as the firm races to IPO before its rival. The race highlights a clash between capital-heavy scaling and cost-conscious innovation in the AI sector.
Business

BPO Market’s $435 Billion Expansion Amid AI Automation Threats

AI-driven automation is reshaping the $435 billion BPO market, with startups dismantling traditional roles while Philippines and India see rising call-center employment. Jevons Paradox explains how AI efficiency fuels demand, creating a paradox of disruption and growth amid shifting workforce dynamics and outcome-based pricing models.
Business

Google engineer faces charges over $1.2M bets using internal data

Google engineer Michele Spagnuolo faces federal charges for allegedly using confidential search data to profit $1.2M on Polymarket, leveraging insider insights on trends like Trump’s search volume. The case highlights clashes between corporate data and prediction markets.
Business

TeraWulf’s stock surges 13% on Kentucky AI data center expansion

TeraWulf’s stock surged 13% on May 26, 2026, driven by its Kentucky AI data center expansion, aiming to deliver 1 GW of HPC capacity by 2030. The move marks a strategic pivot from crypto mining to energy-secured AI infrastructure, highlighting the sector’s growing reliance on reliable power and grid access.
Business

SpaceX’s $1.75T IPO Valuation Faces Speculative Risks

SpaceX's $1.75T IPO valuation faces scrutiny as it relies on speculative future earnings, contrasting with Saudi Aramco's 2019 6x revenue multiple. Analysts warn of unrealistic growth projections and risks for retail investors amid current market challenges.
Business

Nvidia’s Revenue Surpasses Wall Street Estimates as AI Infrastructure Expands

Nvidia’s Q1 2026 revenue of $81.62 billion, beating forecasts, underscores AI’s global expansion. The company’s $5.4 trillion market cap and Trump-era export rules highlight its role in the $750 billion AI boom, while geopolitical tensions complicate access to China’s market.
Business

SpaceX files for IPO, targeting $1.75T-$2T valuation

SpaceX aims to revolutionize space and tech with a record-breaking $1.75T–$2T IPO, positioning Musk as the first trillionaire. The filing underscores his 85% voting power, raising governance concerns, while Starlink’s $11.4B revenue and AI bets highlight bold ambitions amid financial risks.
Business

China’s Zero-Tariff Policy for Africa Spawns Trade Gains and Challenges

China's zero-tariff deal with 53 African nations boosts trade but exposes disparities. Kenya, South Africa, and Ghana gain, while landlocked countries face logistics hurdles. The $10,2 billion trade gap highlights challenges in industrialization and dependency, shaping Sino-African economic dynamics.
Business

Elon Musk Loses OpenAI Lawsuit Over Statute of Limitations

Elon Musk lost his OpenAI lawsuit over statute of limitations, marking a pivotal moment in nonprofit-commercial conflicts. The ruling highlights legal challenges as tech giants navigate profit-driven ambitions amid evolving AI governance debates.
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World

David Lammy Presses JD Vance on Migration Concerns After Henry Nowak’s Murder

British Deputy PM David Lammy directly rebuked U.S. Vice President JD Vance, denying a link between migrant influx and Henry Nowak’s murder, as the case sparked transatlantic tensions. Lammy defended Britain’s justice system and rejected Vance’s claims, while the Nowak family urged against politicizing their son’s death.
Business

Crypto Markets Bleed in a Massive Drop Since FTX

Crypto markets plunged $390B, marking the worst weekly drop since FTX, as AI gains and macro shocks drive selloff. Bitcoin and Ether hit 17.3% and 22% declines, with corporate Bitcoin sales and ETF outflows amplifying the downturn.
Business

Two Roads to a Trillion: Anthropic and OpenAI Sprint to IPO With Opposite Strategies

Anthropic's efficiency-driven AI strategy, fueled by $47B annual revenue and $559M Q2 profit, positions it ahead of OpenAI's projected $14B loss in 2026, as the firm races to IPO before its rival. The race highlights a clash between capital-heavy scaling and cost-conscious innovation in the AI sector.
World

Deal on Paper, Death in Practice: 6,000 Oleshky Civilians Starving as Evacuation Goes Nowhere

Starvation grips Oleshky, where 6,000 civilians face famine as a stalled evacuation deal leaves them trapped. Russia’s blockade, drone strikes, and denied aid have turned the city into a death trap, with over 300 deaths reported. Volunteer efforts and international appeals highlight a worsening humanitarian crisis.