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OpenAI Valuation Falls Below $1.5tn as CoreWeave Sell-Off Widens Gap With Anthropic
OpenAI and Anthropic are moving in opposite directions in cryptocurrency-linked private-market contracts as mounting concerns over AI infrastructure financing weigh on CoreWeave, highlighting how...
US Appeals Court Rules FCC Exceeded Authority in Creating $9bn Telecom Subsidy Programme
A US federal appeals court has ruled that the Federal Communications Commission (FCC) exceeded its legal authority when it established the administrative company responsible...
Onafriq to Wind Down Baxi Agent Banking Business in Nigeria Amid Rising Costs
Onafriq, the pan-African digital payment platform, has announced plans to wind down its Baxi agent banking business in Nigeria after rising operating costs, currency...
Visa Launches Commercial USDC Prefunding for Global Payouts Through Visa Direct
Payments giant Visa has moved its stablecoin capabilities on the Visa Direct platform from pilot programs into commercial production, enabling eligible businesses to prefund...
AI Debt Fears Push Tech Default Insurance to Record Highs as CoreWeave Bonds Yield...
Investors are increasingly questioning the financial sustainability of the artificial intelligence boom as the cost of insuring against defaults by technology companies reaches record...