For all the goofiness, memecoin fever has been embraced by some corners of the crypto industry. In search of outsize returns, a small number of hedge funds have invested in memecoins this year. Other investment firms, like Pantera Capital, consider memecoins to be a “Trojan horse” likely to introduce new people to crypto. The idea,…
Media advocacy group Freedom of the Press Foundation has sent a warning letter to Paramount mogul Shari Redstone, outlining plans to file a lawsuit if the media company settles a suit brought by President Donald Trump against its subsidiary, CBS. “Corporations that own news outlets should not be in the business of settling baseless lawsuits…
In a $30 million mansion perched on a cliff overlooking the Golden Gate Bridge, a group of AI researchers, philosophers, and technologists gathered to discuss the end of humanity. The Sunday afternoon symposium, called “Worthy Successor,” revolved around a provocative idea from entrepreneur Daniel Faggella: The “moral aim” of advanced AI should be to create…
At some point in the future, AIs may create works of art, music, and writing that rival human-created ones. For now, what’s most impressive about most generative AIs is their capacity to produce lots of mediocre work very quickly. This ability is transforming many industries: In the world of higher education, where I work, we…
Changpeng Zhao, the multibillionaire founder of crypto exchange Binance, spent four months last year locked in a federal prison. After US president Donald Trump pardoned Zhao in October, the government has recast him as a martyr. Zhao, who goes by CZ, pleaded guilty in November 2023 to failing to maintain an effective anti-money-laundering program at…
Love it or hate it, you have to admit Temu had a banger year. Launched in late 2022, the Chinese-owned ecommerce site, known for selling a vast array of astonishingly affordable goods, took only two years to become a household name in the US. Over the past 12 months, it has topped download charts, surpassing…