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Crypto

Michael Saylor says bitcoin drop not due to Strategy sale, AI cited

A recent bitcoin pullback is being driven by money shifting into artificial intelligence rather than structural problems with the asset, a report said. Michael Saylor, who leads Strategy, said capital markets are allocating funds to investments other than crypto, reducing new inflows into bitcoin. He cited more than $400 billion flowing into AI over six months and said bitcoin spot ETFs have seen $4 billion of outflows since May 14.

AI & Enterprise

Airbnb CEO mulls setting up dedicated AI lab to reshape user experience

Airbnb CEO Brian Chesky (브라이언 체스키) is pushing to establish a separate artificial intelligence research lab, while keeping his CEO role. He is expected to back the new organisation but not run it day to day. The lab’s direction has not been disclosed, though user interaction and design are seen as likely focuses. Chesky has long ties to OpenAI and Sam Altman, and has been cited as playing a role in Altman’s return. Airbnb and Chesky have not issued official comment.

Industry

Nissan starts developing all-solid-state battery cheaper than China's, using sulfur-based materials to cut costs

Nissan is moving to secure price competitiveness for all-solid-state batteries, a key next-generation EV technology, by using sulfur-based materials instead of costly nickel and cobalt. The company is launching a three-year project with UK battery firm Gelion, Nissan Technical Centre Europe and the University of Oxford to develop cost-effective solid-state lithium-sulfur batteries. The project totals about 3.4 million pounds, with Gelion receiving 2.4 million pounds in UK government support.