Arthur Hayes dumps HYPE and NEAR in profit-taking move ahead of crowded IPO calendar

IAIFI enters its second phase with increased funding, broader ambitions, and a growing community at the frontier of AI and fundamental physics.

Bitcoin fell to a low of $61,310 on June 4 as traders debated whether Strategy’s first net bitcoin sale since 2022 or billions in exchange-traded fund (ETF) outflows played the larger role in the market’s decline. Strategy Boss Blames $400B AI Spending Wave At 10 a.m. EDT, bitcoin was trading between $63,500 and $64,500. The […]

In a bid to access more capital for AI, tech giants are looking to take their shares public.

Bankless co-founder David Hoffman has disclosed how he redeployed capital after selling ETH, revealing a new portfolio tilted toward VVV, NEAR, ZEC, HYPE and LIT. The move marks a notable shift for one of Ethereum’s most recognizable public advocates and has triggered debate over whether Hoffman is rotating into a new long-term thesis or chasing a different segment of the market. In a post on X, Hoffman said he “immediately took ~50% of the capital to VVV, NEAR, ZEC, HYPE” after selling ETH. The other half, he said, was held back for dollar-cost averaging into an asset that had not already moved sharply higher. “I left the rest as capital to DCA into something not already up multiples,” Hoffman wrote, adding that NEAR was an exception because it was “~1.40 at the time.” He then said he had completed that second leg of the rotation: “I’ve finished buying LIT with that remaining 50%.” Why Hoffman Chose LIT As Next Major Crypto Bet The disclosure quickly shifted into a broader discussion

Nothing does more for your ego than realising you can make a better decision than a bot with all of human knowledge at its digital fingertips I am not, by nature, an early adopter. There comes a point in our lives where change becomes more irritating than exciting and, I suspect, I reached it sooner than most. But when a workplace recently tasked me with exploring practical applications for AI, I spotted an opportunity to cast off my luddite inclinations. It turned out AI was very good at mimicking most of the things I could already do. Irrespective of quality, it could churn out articles, reports, presentations, fiction, even podcasts with stammering hosts. That was no use to me. What I wanted help with was all the stuff I was useless at. There was an obvious target: DIY. Continue reading...

Li's framework for world models could revolutionize AI's spatial intelligence, enhancing robotics' ability to interact with real environments. The post Fei-Fei Li explains world models’ roles in robotics and gaming appeared first on Crypto Briefing.

Taiwan Semiconductor Manufacturing Co. - the world's biggest semiconductor-maker - is struggling to meet demands from American customers even with its factory buildout in the US, according to reports from Reuters and Bloomberg. "Customer demand is so high, and we can only support so much," TSMC CEO C.C. Wei said after a shareholder meeting on Thursday, Reuters reports. "We are doing our best to ensure TSMC does not become a bottleneck." The surge in AI use has already put constraints on the memory industry, with the widespread shortage of RAM and NAND Flash memory expected to last for years. The AI boom is boosting the sale of semiconductor … Read the full story at The Verge.

Taiwan's AI chip dominance solidifies its strategic global tech position, challenging other nations to innovate or face prolonged dependency. The post TSMC CEO C.C. Wei highlights Taiwan’s strong AI advantage, calls it nearly impossible to challenge appeared first on Crypto Briefing.