The common view says open-weight AI is bad news for frontier labs like OpenAI and Anthropic. ARK Invest’s Cathie Wood argues the opposite. An open-weight AI model is one in which the creator releases the underlying parameters publicly. It allows anyone to download, run, and modify it on their own hardware without
Asian stocks edged higher Monday and the probability of a September US rate hike dropped sharply, giving global markets room to extend last week’s record run. The calm has one clear expiry date: Wednesday’s inflation report. Japan’s Nikkei and South Korea’s KOSPI added marginally as the new week began. The MSCI
Airbnb stock hit a four-year high on Friday, gaining 17% after its CEO made one of the clearest corporate arguments yet for what AI can actually deliver. Brian Chesky did not just claim AI mattered: he showed investors the number. Second-quarter revenue rose 17% to $3.61 billion, beating Wall Street’s estimate of
Kraken is entering the final stage of its latest delisting cycle, giving holders of 21 tokens until August 27 at 14:00 UTC to withdraw their assets. Afterwards, the exchange begins automatically liquidating remaining balances into markets it warns may have limited or no liquidity. The scheduled delisting, first
Top Wall Street analysts at Bank of America, JPMorgan and Oppenheimer have identified three AI stocks they believe remain well-positioned for further gains following strong quarterly earnings. Their bullish outlooks reflect expectations that AI investment will remain strong despite ongoing concerns about valuations
Dollar-backed stablecoins have taken over crypto payment cards. USDC (USDC) and Tether (USDT) together account for roughly 84% of card spending. The split reverses a market that was dominated by euro tokens less than two years ago. The shift coincided with a wave of new card programs and settlement chains. Over the
Japan’s exit from decades of ultra-low interest rates is beginning to expose the hidden costs of higher borrowing costs. The country’s four largest life insurers are now sitting on roughly $96 billion in unrealized losses on Japanese government bonds (JGBs). On their own, the losses are largely an accounting issue.