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Trump strongly backs AI data centers, claiming they will create massive jobs and tax revenue.

47 minutes ago

According to Fox News, U.S. President Donald Trump earlier said that all governors and local government officials should welcome the construction of artificial intelligence (AI) data centers. Trump stated: "This will create a large number of construction jobs. We are building the largest factories in the world. I can say that if I were a city mayor or a state governor and had the chance to bring a large AI factory or data center to my area, I would definitely want it to come, because it can generate a lot of jobs, and the capital and tax revenue it brings are very substantial." Trump also noted that given most Americans oppose building data centers in their own communities, the AI industry needs "a little public relations help."

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Trump denies instructing Bessent to intervene in the bond market, stating that solving the $40 trillion US debt problem depends on growth.

U.S. President Donald Trump responded to the news that the U.S. national debt has exceeded $40 trillion, stating that the issue "has been around for 35 years" and resolving the debt relies on "growth," adding that the U.S. is currently achieving "very strong growth" that will make it "very easy" to address the problem. When asked whether he had asked U.S. Treasury Secretary Bessent to intervene in the bond market, Trump denied the claim, saying "not at all." Trump called Bessent a "very capable person," noting that it was Bessent who wished to take relevant actions, and added that Bessent has "a good instinct for bonds and interest rates." When asked if he had discussed further intervention measures with Bessent after U.S. Treasury yields rose, Trump replied: "The ultimate intervention tool is our military. We will act when necessary."

5 minutes ago

Anthropic plans to include AI rebound sentiment as a key risk factor in its prospectus.

According to CNBC, Anthropic is expected to list public negative sentiment toward artificial intelligence (AI) and data centers as a risk factor in its upcoming IPO prospectus, set to be released in the coming weeks. Per sources familiar with the matter, Anthropic has recently held pre-IPO "market sounding" meetings with bankers and investors, where key investor concerns focus on competitive pressure, the impact of open-source models on profit margins, and potential risks from a slowdown in data center construction. The AI firm is gearing up for a major IPO, but growing U.S. public anxiety over AI-driven job displacement and data center expansion is emerging as a new challenge to its listing plans. Anthropic previously achieved an annualized revenue run rate of more than $65 billion.

5 minutes ago

Trump: If I lose the midterm elections, I will be impeached.

U.S. President Donald Trump said at a campaign rally in South Carolina on the 21st that if the Republican Party loses the midterm elections, he will face impeachment. He also reiterated the necessity of preventing Iran from developing nuclear weapons. Furthermore, Trump claimed that Iran is very eager to reach an agreement. He stated: "We don't even know if we truly want to reach an agreement, because in my view, the Strait of Hormuz is now U.S. territory—it is U.S. territory."

5 minutes ago

SAND is suspected to have suffered an infinite minting vulnerability, with attackers having minted over 500 million tokens.

According to market sources, The Sandbox’s native token SAND on the Base network is suspected to have a critical security vulnerability, with attackers gaining minting privileges to arbitrarily mint additional SAND. On-chain data indicates that more than 500 million SAND have been minted in this incident, and the attack is still ongoing. The market is concerned that the massive new supply could impact SAND’s price. To date, The Sandbox’s official has not issued an official statement on the incident; the root cause of the vulnerability, the source of the attacker’s permissions, and the destination of the newly minted tokens remain unconfirmed. The so-called "Infinite Mint Attack" typically arises from flaws in smart contract permission control or minting logic vulnerabilities, allowing attackers to bypass restrictions to generate large volumes of tokens, resulting in supply out-of-control and market value dilution.

5 minutes ago

Anthropic hires Google chip business executive to accelerate in-house chip development.

AI lab Anthropic has hired Amir Salek, one of the founders of Google’s custom chip project under Alphabet (GOOG.O), as part of its hardware push as it lays groundwork to enter the in-house semiconductor space. Salek’s hire is part of the company’s hardware strategy. Anthropic announced Friday that Salek will join its computing team. Salek previously led Google’s Tensor Processing Unit (TPU) business, departing in 2022, and oversaw delivery of the first seven generations of TPU chips. Currently, Anthropic sources chips from multiple vendors including Nvidia (NVDA.O), Google, and Amazon (AMZN.O). However, the company has recently signaled its intent to build an in-house chip business. The San Francisco-based AI firm has already begun recruiting for this initiative and posted related job openings.

5 minutes ago

A crypto whale sets 10 major targets, reopens nearly $80 million in Bitcoin short positions, with BTC shorts incurring an unrealized loss of $1.98 million.

According to monitoring by AI Auntie, the whale codenamed "Set 10 Big Goals" has added new positions to its BTC and ETH short positions, bringing its current position size to nearly $170 million. Its current short positions breakdown is as follows: BTC short: 1,830.724 units, valued at ~$139 million, average entry price of $76,397.56, with an unrealized loss of ~$1.98 million; ETH short: 12,756.739 units, valued at ~$30.25 million, average entry price of $2,371.57, with an unrealized loss of ~$858,000. After adding nearly $80 million in new short positions, the whale has set BTC's stop-loss price at around $80,500.

5 minutes ago

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