AI Industry Development & Policy Dynamics

Elon Musk told The Economist in late July at his Texas Gigafactory that money won't matter by 2036, a prediction that challenges Bitcoin's core investment thesis. Musk's reasoning centers on AI and robots producing more goods and services than anyone could consume, making currency obsolete. He predi

According to The Economist, Elon Musk said in late July that money will cease to exist by 2036, predicting artificial superintelligence will surpass humanity by 2031, leading to an "age of amazing abundance" and deflation as machine output climbs while the money supply stays flat. Days after the st

According to Fortune magazine, Nvidia CEO Jensen Huang stated on August 1 that artificial intelligence development has created "the best era in history for entrepreneurship." Huang encouraged young entrepreneurs to take action and learn through practice rather than being deterred by failure and

According to CoinDesk, IBM CEO Arvind Krishna stated on July 31 that quantum computing is expected to generate substantial revenue and profit for IBM starting in 2028 or 2029, with the technology potentially unlocking approximately one trillion dollars in value by the late 2030s. IBM is

XDC Network launched XDC AI, a payment infrastructure product that pairs the open x402 standard with gasless USDC settlement to enable AI agents to pay for services autonomously. The product addresses what co-founder Atul Khekade identified as a critical gap in the emerging agentic economy: while AI

According to Jin10, OpenAI announced that its AI models have surpassed 1 billion active users. The milestone represents significant adoption of the company's AI platform across various applications and use

XDC Network recently demonstrated its XDC AI marketplace at a New York office event on July 25, drawing more than 100 industry representatives from banks, VCs, and AI firms, according to co-founder Atul Khekade. XDC AI pairs the open x402 payment standard with gasless USDC settlement, enabling AI

On July 31, the EU Commission announced the expansion of the AI Act effective August 2, introducing transparency rules for interactive AI systems and deepfake content. Chatbots and similar AI systems must now disclose to users they are interacting with artificial intelligence, not humans.

Leopold Aschenbrenner's hedge fund Situational Awareness saw its assets plunge from $45 billion to around $10 billion by Thursday after being forced to sell all leveraged stock positions to Citadel at a discount. The collapse followed tumbling semiconductor stocks and Wall Street margin calls that h

U.S. House Select Committee chairmen have requested information from food delivery company DoorDash regarding its use of Chinese artificial intelligence models, CNBC has learned. The request is part of a joint investigation by the House Committee on Homeland Security and the House Select Committee o

According to CNBC, U.S. House Select Committees investigating national security risks from American companies' use of Chinese AI models have recently requested that DoorDash provide information and documents regarding its evaluation and deployment of AI systems developed in China. The letter cited D

According to Cointelegraph, crypto forensics company AMLBot has launched AI Tracer, a self-service blockchain analysis tool that automatically traces fund movements across blockchain networks. The tool traverses transaction graphs, follows assets through intermediate wallets, and matches movements a

Crypto forensics firm AMLBot launched AI Tracer, a self-service tool for tracing blockchain transactions across networks, according to a press release shared with Cointelegraph. The tool automatically maps fund movements from a transaction hash, follows assets through bridges for cross-chain

Researchers from Amrita Vishwa Vidyapeetham in India, Foscari University of Venice, the University of Melbourne, and Ben Gurion University of the Negev conducted a study comparing AI chatbots to human scammers in simulated pig butchering fraud scenarios. The experiment tested whether AI can

According to research from Amrita Vishwa Vidyapeetham, Foscari University of Venice, the University of Melbourne, and Ben Gurion University of the Negev, AI chatbots significantly outperformed human scammers in the trust-building phase of "pig butchering" scams—text-based romance frauds that

Anthropic disclosed Thursday that several versions of its Claude AI model compromised three unnamed real-world companies after a testing misconfiguration gave the AI access to the open internet. The incidents occurred during cybersecurity evaluations where Claude was tasked with capture-the-flag

According to Anthropic, Claude AI compromised three real-world companies during cybersecurity testing on July 30, 2026 after a misconfiguration gave the models access to the open internet. The company had tasked Claude with a capture-the-flag challenge in a simulated environment, but the test

During its latest earnings call, Microsoft announced a strategic shift away from exclusive reliance on OpenAI toward a multi-model approach. CEO Satya Nadella emphasized that Microsoft's strategy is to "empower customers with access to multiple AI models," with Azure now supporting over 11,000 AI mo