The post Federal Reserve Inflation Concerns Over AI-Driven Chipflation appeared on BitcoinEthereumNews.com.
Something unusual is happening inside the Federal Reserve — and it goes well beyond the usual debate over a quarter-point move. Minutes from the central bank’s June 16-17 meeting, released Wednesday, reveal that a growing number of policymakers are pointing at the artificial intelligence boom as a direct driver of Federal Reserve inflation concerns, complicating what was already a fractious internal debate over where interest rates should go next. Key takeaways The Fed raised its year-end Personal Consumption Expenditures inflation projection from 2.7% to 3.6%, citing AI-driven demand as a key factor. The benchmark rate was held at 3.5%–3.75% in June, but future hikes remain firmly on the table. Nine of 18 Fed committee members expect at least one rate hike before the end of 2026. Markets put the probability of a hike at the July 29 meeting at 30.5%, per CME FedWatch; Polymarket
The post Pi Network Upgrade Adds Persistent Storage for Apps appeared on BitcoinEthereumNews.com.
Pi Network’s July upgrade marks a meaningful shift for App Studio developers — but it hasn’t moved the needle on the token’s price. The platform pushed out a backend overhaul that introduces persistent storage for App Studio applications, enabling apps to save and reload user-specific data across sessions for the first time. For a platform that has long leaned on AI-created apps, the update closes one of the more glaring functional gaps in its developer toolkit. Key takeaways Pi Network’s July upgrade adds backend support to App Studio apps, starting with persistent storage. Apps can now save and reload user-specific data — such as high scores, notes, and preferences — across sessions. Before this upgrade, most App Studio apps were frontend-only, meaning data disappeared when a user left. Pi Network described the change as a significant milestone for AI-created apps on the platform. Despit
Geopolitical tensions and AI risks could prompt a long-term shift away from USD assets, impacting global capital flows and reserve strategies.
The post Deutsche Bank warns geopolitics and AI are increasing risks to the US dollar appeared first on Crypto Briefing.
The faltering tech trade of 2026 signals potential shifts in investment strategies, highlighting uncertainties in AI monetization and market stability.
The post Tech trade of 2026 falters as chip stocks decline and software sales drop appeared first on Crypto Briefing.
The post Why Data Centers Are Booming—And What They’re Actually For appeared on BitcoinEthereumNews.com.
Aerial view of data centers in Ashburn, Virginia. Getty If you’ve driven past a big windowless building, you’ve probably seen a data center. Chances are you’re relying on one right now, without giving it a thought. For most of the internet era, these buildings stayed out of sight. However, now data centers suddenly seem to be everywhere. The short answer as to why is scale: a surge in AI and cloud demand has made them one of the most talked-about and fought-over pieces of modern infrastructure. What Is A Data Center? A data center is a purpose-built building that runs large numbers of computers reliably, securely and around the clock. Inside are the servers, storage and networking gear that do the work, plus the heavy-duty cooling, backup power and physical security that keep them running. One can be as small as a server room or as large as a windowless campus the size of several st
The post British Pound hits fresh three-week highs past 1.3400 as US Dollar pulls back appeared on BitcoinEthereumNews.com.
The British Pound (GBP) appreciates against the US Dollar (USD) for the second consecutive day on Thursday, to hit fresh three–week highs right above 1.3400. The Greenback’s pullback following the release of the Federal Reserve’s (Fed) minutes and rumours about the resumption of the US-Iran negotiations are keeping the pair buoyed. The US and Iran traded attacks for the second consecutive day on Thursday, but risk aversion remains contained so far, with markets hopeful that the negotiations will continue. US President Donald Trump affirmed earlier on Thursday that Tehran “wants to make a deal so badly,” which suggests that the peace talks might resume soon. Beyond that, the US Dollar remains on its back foot since the release of the minutes of June’s Fed meeting. The committee maintained its will to fight inflation, but showed a divergence on the monetary policy
China's AI control measures could reshape global tech dynamics, limiting international collaboration and complicating compliance for foreign firms.
The post China considers tightening control over domestic AI technology appeared first on Crypto Briefing.
The nuclear investment could reshape energy markets, intensifying competition for power and potentially stabilizing AI and crypto industries.
The post Trump administration bets $17.5 billion on nuclear reactors to power America’s AI appetite appeared first on Crypto Briefing.
The post Bank of America Backs Nvidia Stock With $350 Target as Forward Multiple Hits 7-Year Low appeared on BitcoinEthereumNews.com.
Key highlights: Bank of America is still predicting a 78% upside for Nvidia shares The stock is currently trading at about 18x forward earnings, its lowest valuation in seven years BofA said the market is underestimating the company’s pricing power The potential end of the AI boom has been a major talking point in the market recently. Investors like Michael Burry have been making claims that the AI rally is coming to an end. Bank of America has come out to say these concerns are a new buying opportunity for investors. The bank reiterated its Buy rating and maintained a $350 price target on Nvidia. They said that the company’s current valuation does not tell the full story of its growth potential in the long term. Nvidia valuation reaches a multi-year low Interestingly, one of the biggest reasons Bank of America is bullish is the stock’s low valuation.
