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

2026.08.22 09:33:45

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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Seven co-founders of Anthropic plan to cash out $1.75 billion in its blockbuster IPO.

According to the latest prospectus released on Tuesday, the seven co-founders of Anthropic PBC will collectively sell shares worth $1.75 billion in next week's initial public offering (IPO). Calculated based on the midpoint of the IPO's price range, each co-founder plans to sell shares worth approximately $250 million. According to the Bloomberg Billionaires Index, at this valuation, each co-founder's net worth will reach around $180 billion. The San Francisco-based company is seeking to raise up to $90.4 billion through its IPO and private placement, corresponding to a valuation of roughly $1.4 trillion. Per deal terms reviewed by Bloomberg, the IPO is scheduled to be priced on November 18 and start trading the next day.

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Microsoft's market cap has surpassed Nvidia's for the first time since June 2025.

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Secretary of Iran's Supreme National Security Council: Iran and the United States are not currently holding any negotiations.

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The yield on the 10-year U.S. Treasury note has risen back to 5%, marking its first time at that level since November.

The yield on the 10-year U.S. Treasury has rebounded to 5%, marking its first such level since November.

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Goldman Sachs, Citigroup and other banks have pledged around $270 million in funding support for the joint stablecoin project.

According to a Bloomberg report, sources familiar with the matter disclosed that multiple financial institutions including Goldman Sachs Group, Citigroup, Banco Santander, and Deutsche Bank have committed around $270 million in funding for a joint stablecoin project. The funds are earmarked to cover the new company’s five-year operating costs, the sources added. Earlier this year, a group of 21 institutions unveiled plans for the firm, which will act as the issuer of a U.S. dollar stablecoin and is expected to be registered in the United States. The sources spoke on condition of anonymity due to the non-public nature of the information involved.

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Morgan Stanley's ETF address transferred 48,828 SOL tokens to Coinbase, valued at approximately $4.01 million.

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