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Crypto

Artificial gold progress renews scarcity debate as bitcoin advantage argument emerges

An argument has emerged that bitcoin could hold a clearer advantage over gold as technology advances to produce artificial gold. Market analyst Jesse Eckel said gold’s scarcity could be shaken if artificial gold production develops, while bitcoin differs structurally because its supply is capped. The comments followed a Marathon Fusion announcement that it succeeded in converting mercury into gold in an experiment. Commercial mass production of artificial gold remains distant, the report said.

AI & Enterprise

Benchmark says AI ecosystem not the problem, flags causes of stock swings

Venture capital firm Benchmark said it does not plan to accelerate its investing pace despite the AI investment boom. Its five partners said they aim to keep new investments at 2 to 3 deals per partner annually. Benchmark raised $2 billion this summer across two funds, its second-largest fundraise in its 31-year history. Partners said market swings reflect distorted information and volatility rather than fundamental problems in the AI ecosystem.

AI & Enterprise

Why Steve Jobs and IBM\'s alliance of the century fell apart at the last minute

The collapse of a planned alliance between IBM and NeXT, founded by Steve Jobs after he was forced out of Apple in 1985, is widely known. The deal would have had IBM license NeXTSTEP for its PCs and engineering workstations. Author Brent Schlender wrote that Jobs’ inflexibility helped unravel the talks. A book recounts IBM’s preparations and a planned $30 million payment. The agreement fell apart after Jobs failed to show up for a Dallas presentation.