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AI & Enterprise

U.S. government weighs stakes in AI companies as \'AI sovereign wealth fund\' plan emerges

U.S. President Donald Trump is receptive to the idea of the government holding stakes in major artificial intelligence companies, Vice President JD Vance said. Vance said Trump views it as a type of sovereign wealth fund and argued taxes alone may not spread AI-created wealth to workers. The debate aligns with a proposal by Senator Bernie Sanderson. Elon Musk and Mark Cuban voiced skepticism. Officials have discussed possible structures, but policy remains at an early review stage.

Crypto

Wall Street jumps on hopes of Iran truce extension, bitcoin selloff deepens

U.S. stocks surged after reports that the United States and Iran agreed on a draft to extend a truce, adding about $350 billion in market value in a short time. Bitcoin moved the other way, extending losses and trading below $73,000 after falling more than 3 percent on the day. The draft would extend the truce for 60 days, but it is not final and still needs approval from Donald Trump and Iran’s top leadership.

Crypto

Adam Back says memecoins and altcoins are meaningless, urges buying and holding bitcoin

Blockstream CEO Adam Back (아담 백) said many token prices, including memecoins and smart-contract tokens, are being repriced late and again urged investors to buy and hold bitcoin. In posts on X on May 23 and 24, he wrote: \"Buy bitcoin, hold it, repeat.\" Back said he has long believed altcoin prices could converge to $0, citing lack of cash flow, blockspace demand and sustainable competitive advantage.