AI Industry Development & Policy Dynamics

On Thursday, the Federal Reserve named Xbox CEO Asha Sharma to its Productivity and Jobs task force, which will examine artificial intelligence's impact on employment and economic productivity. Sharma joins Marc Andreessen of Andreessen Horowitz and Stanford economist Charles I. Jones on the

According to the company's filing, Empery Digital sold 1,400 bitcoins for approximately $87.1 million over the past 2 months, with the average sale price of $62,200 per bitcoin since May 7. This marks the company's largest

OKX, MetaMask, Matter Labs, and Genlayer have formed the Internet Court, a dispute resolution protocol for transactions between AI agents. The protocol is led by the Genlayer Foundation and backed by 27 crypto and Web3 firms. The initiative addresses a gap in agentic commerce infrastructure, where A

According to the Genlayer Foundation, OKX, MetaMask, Matter Labs, and 24 other firms have backed Internet Court, a dispute resolution protocol designed to handle transactions and disagreements between AI agents. The protocol, led by the Genlayer Foundation with 27 participating firms, aims to

Apple sued OpenAI on July 10 in California federal court, alleging the AI company orchestrated a scheme to steal trade secrets as it develops its first consumer hardware device. The 41-page complaint names OpenAI's chief hardware officer Tang Tan and ex-Apple engineer Chang Liu, claiming they

According to Bitcoin.com News, Apple sued OpenAI on July 10 in California federal court, alleging the AI firm orchestrated a scheme to obtain Apple's product designs, manufacturing processes and supply chain strategies. The 41-page complaint names Tang Tan, OpenAI's chief hardware officer and a 24-y

According to CNBC Investing Club, Meta Platforms jumped 15% for the week, becoming the club's best performer as the company accelerated efforts to monetize its massive AI infrastructure. On July 1, Meta confirmed it is preparing to launch a cloud business to sell excess computing power, competing

According to CoinMarketCap, top 100 cryptocurrencies by market cap showed mixed performance today (July 11). Virtuals Protocol (VIRTUAL) led gainers with a 13.41% increase to $0.6148, followed by Pyth Network (PYTH)

According to Cointelegraph, Marc Andreessen, co-founder of a16z, has joined the Federal Reserve's Productivity and Employment Working Group, led by Fed Chair Kevin Warsh, to study artificial intelligence and emerging technologies' impact on economic growth, employment, and productivity. Other

According to BlockBeats, JPMorgan Chase is testing an AI agent on July 11 that autonomously adjusts stock and bond allocations in response to changing market conditions. In a 20-year backtest, the best-performing AI model achieved annualized returns 0.7 percentage points higher than the

According to the National Venture Capital Association (NVCA) and PitchBook, SpaceX, Anthropic, and OpenAI's combined valuation could exceed $4 trillion if all three companies go public, potentially surpassing the total value of all U.S. venture capital-backed exits since 2000. SpaceX alone is

According to MarketWatch analysis, global financial markets are now built on high valuations, elevated leverage, and AI investment frenzy, with a structure similar to conditions before the 2000 dotcom bubble and 2008 financial crisis. AI-related investments currently total approximately 17 times the

According to ChainCatcher, Web3 data platform RootData has opened its personnel database to its Skill platform, integrating data on over 20,000 crypto industry professionals along with recent hiring and departure dynamics covering the last 200 movements. All data is freely accessible to AI agents.

According to a report released by Spain's IE University on July 10, global sovereign wealth funds are increasingly placing strategic national objectives ahead of pure investment returns, with their combined assets exceeding $15 trillion. Governments are increasingly viewing artificial intelligence a

Empery Digital sold 1,400 Bitcoin for approximately $87.1 million since May 7, according to a July 10 filing, as the Nasdaq-listed company redirects capital toward AI infrastructure investment, debt repayment, and legal costs. The sale, executed at an average price of about $62,200 per BTC,

According to its July 10 disclosure, Empery Digital sold 1,400 Bitcoin for approximately $87.1 million since May 7, reducing its holdings by nearly half. The company, which launched its Bitcoin treasury strategy last July and once held over 4,000 BTC, used part of the proceeds to repay $10 million i

According to Citrini analyst Jukan, Nvidia's next-generation Rubin architecture product release may face another delay, based on discussions from an expert conference call. Rubin, announced in June 2024 at Computex Taipei, is designed as the successor to Nvidia's Blackwell architecture. The

According to CoinDesk, the Ethereum Foundation's security team recently used AI agents to test validator node software and discovered a vulnerability in the gossipsub protocol that can be remotely triggered to crash nodes and take validators offline. The flaw has been patched and registered as

According to Decrypt, AI-driven decentralized finance infrastructure project TrueDAO has announced the completion of a $10 million strategic funding round led by Brevan Howard Digital, with participation from Zee Prime Capital and Jump Capital. The funds will be allocated primarily toward

Amazon laid off roughly 16,000 employees in late January, combined with more than 14,000 staffers let go three months earlier, marking the steepest cuts in the company's history. CEO Andy Jassy has warned that AI 'should change the way our work is done' and will reduce the company's total