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Finance

Don\'t jump into AI stocks on rebound, four preconditions before buying

U.S. technology stocks have rebounded, but it is still too early to rush into buying AI data centre-related shares, CNBC cited Jim Cramer as saying. He said a recent bounce in AI beneficiaries does not remove lingering technical and fundamental burdens. Cramer said four conditions must be met for the rally to continue: improved technical indicators, confirmation that big tech earnings support sustained AI investment, reduced uncertainty after the Nov. 3 U.S. midterm elections, and clarity from an Anthropic IPO, which could come as early as November.

AI & Enterprise

World launches WorldID for banks, Zoom deepfake detection goes live

World, an identity verification project co-founded by OpenAI CEO Sam Altman, said on Oct. 19 it launched a WorldID product line aimed at banks and financial firms. It is the first time the company has introduced products targeting a specific industry. The lineup includes the WorldID app, WorldID for Zoom and WorldID for agents. World said the products can help prevent deepfake fraud and AI impersonation across customer accounts, employee work and AI agents.

Crypto

VanEck withdraws Lido token ETF filing, halts brokerage-account investment plan

VanEck has moved to withdraw its application to register an exchange-traded fund that would directly hold Lido\'s liquid staking token stETH. The fund was designed to let investors gain exposure to stETH through brokerage accounts, but the registration had not taken effect. The filing did not go into force and the withdrawal process began. The move leaves uncertain the timeline for an ETF that directly holds stETH.