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Crypto

Ripple CLO rebuts WSJ editorial calling crypto backers \'Crypto Bros\'

Ripple Chief Legal Officer Stuart Alderoty pushed back against a Wall Street Journal editorial that described cryptocurrency supporters as “Crypto Bros,” arguing U.S. crypto ownership is not confined to a young male group. He said about 67 million Americans hold crypto, about one third of them women, and that holders aged 55 and older outnumber those under 25. The dispute stems from a WSJ opinion piece on the Clarity market-structure bill and has broadened into a debate over public perceptions of the industry.

AI & Enterprise

China may have gained access to Mythos

The White House\'s decision to restrict exports of Anthropic\'s AI model \"Mythos\" is reported to reflect concern that a China-linked group may have gained access to it. The Verge reported this on June 14, citing a Semafor report. If the Chinese government accessed \"Mythos 5\" or \"Fable 5,\" it could pose a serious national security risk. The focus is on possible later use, including distillation to train a \"student\" AI and attempt reverse engineering.

AI & Enterprise

Microsoft AI chief says China-style distillation-based open-source models have limits, builds own AI without distillation

Microsoft AI chief Mustafa Suleyman criticised the limits of Chinese open-source AI models such as DeepSeek, saying distillation-based approaches lead to a dead end. He described distillation as stuffing other people\'s knowledge into a model and said it can work for task-specific small models but falls behind frontier models in general use. He also said frontier developers do not release the large datasets used for training, making priorities hard to assess.