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AI & Enterprise

China's AI market share surges, accelerating reset of global AI landscape

China's AI companies are rapidly expanding global market share with low-cost open-source models that users can download and modify, as the United States regulates access to high-performance models from OpenAI and Anthropic. Some Chinese systems are assessed as comparable to Anthropic's top model in certain cybersecurity scenarios. The U.S. is easing some export bans but maintains a national export-control stance. Companies globally are rolling out new AI chips, tools and systems, while demand grows for cost-efficient AI use.

Crypto

Shiba Inu may be nearing a bottom as volume falls and oversold signals build

An analysis says Shiba Inu, after a prolonged decline, is nearing a zone where further downside may be limited. The token remains below its 50-, 100- and 200-day exponential moving averages, all still sloping lower, and a recent rebound attempt faded. But trading volume has gradually declined during the latest drop, and on-chain data show continued net outflows from exchanges while exchange reserves stay stable around 80 trillion SHIB. Network activity has also held up, and the RSI is in oversold territory.

Crypto

Three scenarios for XRP; $0.80 support mentioned if $1 breaks

XRP has rebounded after sliding to the $1 level, leaving it at a short-term turning point, a blockchain outlet reported. Selling followed the release of the May personal consumption expenditures price index, and XRP fell for three straight sessions, retreating to $1.06. The report outlined three scenarios: continued rebound with $1.06 acting as support; a narrow range as markets await a catalyst; or a renewed break below $1, with $0.80, $0.62 and $0.51 cited as potential supports.