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AI & Enterprise

U.S. open-weight AI startups emerge, but checking China is unclear

As Chinese AI companies shake the global market with low-cost open-weight models that users can download and modify, U.S. startups are also emerging with open-weight offerings. The Wall Street Journal named Arcee, Reflection AI, Poolside and Thinking Machine Lab as drawing attention. Demand is rising in the United States for domestic open-weight models amid geopolitical concerns, but fundraising remains difficult and performance against leading Chinese models is still uncertain.

Crypto

Trump earned over $1.4 billion from crypto business but asset allocation shows focus on stocks and bonds

U.S. President Donald Trump made more than $1.4 billion last year through a family-linked cryptocurrency business, but his personal wealth growth was concentrated in traditional assets such as stocks and bonds, a newly released 2025 financial disclosure showed. His stock and bond portfolio was valued at $703 million to $2.6 billion at end-2024, up sharply from a year earlier. Democrats renewed conflict-of-interest concerns and urged a Senate hearing.

Crypto

U.S. CFTC regulatory retreat under scrutiny as Warren seeks answers on Gemini, Polymarket

U.S. Senator Elizabeth Warren pressed the Commodity Futures Trading Commission over what she called a pullback in crypto enforcement and suspected political interference. Warren asked Chairman Michael Selick to explain reduced enforcement, staffing cuts and whether certain firms received favorable treatment. She cited sharp declines in cases and penalties since the Trump administration began, reports of workforce reductions, and approvals involving Polymarket and Gemini. Warren demanded records by June 18.