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AI & Enterprise

Prism ML unveils Bonsai Image 4B image-generation AI model that runs locally on iPhone

Prism ML has unveiled an image-generation AI model, Bonsai Image 4B, that can run locally on an iPhone. The company released two open versions, a 1-bit model using -1 and 1 and a ternary model using -1, 0 and 1, after retraining FLUX.2 Klein 4B. Memory demand falls from 7.75GB to 0.93GB and 1.21GB, respectively. A free iPhone app is available, and the model also runs on Windows 11 PCs and macOS.

Industry

SpaceX IPO day nears; three variables investors should watch

Arbitrage competition is intensifying in crypto markets over SPCX-USDC synthetic perpetual futures ahead of SpaceX’s planned Nasdaq listing on June 12. The contract on Hyperliquid already reflects a valuation around $2 trillion, while the IPO targets $1.75 trillion and $75 billion in fundraising. Investors are watching how quickly synthetic prices converge to the stock after trading begins, potential U.S. regulatory scrutiny of pre-IPO synthetic products, and SpaceX’s disclosed holding of 18,712 bitcoin.

Crypto

Shiba Inu optimism revives as analyst says watch for 'dog season'

Optimism about Shiba Inu has resurfaced, with a cryptocurrency analyst saying the token could post strong gains in the next "dog season" alongside Dogecoin and Floki. The analyst cited Shiba Inu's resilience through bear markets and what was described as market manipulation, as well as its expansion beyond a meme coin. Recent performance has been subdued, and sceptics point to weaker community engagement, Shibarium adoption, token burns and team support concerns.