I’ve written about a lot of different video game hardware over the years, from new consoles to retro gadgets to whatever you want to call the Playdate. But I can’t remember ever being perpetually sore from testing a device; such are the joys of the Virtual Boy. Nintendo has turned its biggest flop into an … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US economy grew at an annualised rate of just 1.4 per cent in the fourth quarter, far below Wall Street expectations, as the record federal shutdown hit government spending. Friday’s figure from the Bureau … Read more
OpenAI seems to have found product-market fit with young Indians. The company said on Friday that users between 18 and 24 years of age accounted for nearly 50% of messages sent to ChatGPT in the country, and users under 30 accounted for 80%. The AI lab said Indians use ChatGPT mostly for work, with 35% … Read more
As cryptocurrency is becoming increasingly intertwined with the traditional financial world, it’s also forming the foundation of a parallel, shadow financial system. A January report from TRM Labs found a surge in illicit or illegal crypto use to an all-time high of $158 billion. This included a massive increase in crypto flows related to sanctions … Read more
Selling pressure in US-listed spot Bitcoin ETFs continued Thursday, with analysts noting the cryptocurrency is on track for one of its worst yearly starts. Spot Bitcoin (BTC) ETFs saw $165.8 million in outflows Thursday, bringing weekly losses to $403.9 million, according to SoSoValue data. The redemptions moved the funds closer to a possible five-week outflow … Read more
Welcome Insiders to another weekly mailer with all the industry news that needs digesting. I’m Max Goldbart. Scroll down for your weekly dose, and sign up here for more. Berlin Gets Political Wim Wenders Arturo Holmes/Getty Images What’s the fix?: First up, Zac had this dispatch from Berlin … The great debate at the heart … Read more
Whenever I write about Meta’s Ray-Ban smart glasses, I already know the comments I’m going to get. Cool hardware, but hard pass on anything Meta makes; will wait for someone else to come along. It’s hard to imagine that sentiment changing anytime soon after The New York Times reported that Meta mulled launching facial recognition … Read more
Democrats in the US House of Representatives are pressing Treasury Secretary Scott Bessent over how regulators are handling World Liberty Financial’s bid for a national trust bank charter to issue a dollar-backed token. In a letter on Thursday, 41 House Financial Services Committee Democrats led by Representative Gregory Meeks cited systemic risk, foreign ownership and … Read more
Tesla has announced a new all-wheel drive Cybertruck that starts at $59,990, the cheapest the controversial truck has been sold for yet — though still well above the $40,000 price tag Elon Musk had initially promised. It’s been joined by a $15,000 price cut for the high-end Cyberbeast variant, as Tesla doubles down on its … Read more
Move over, PayPal mafia: There’s a new tech mafia in Silicon Valley. As the startup behind ChatGPT, OpenAI is arguably the biggest AI player in town. The company is reportedly now in talks to finalize a $100 billion deal, valuing the company at more than $850 billion. Many employees have come and gone since the company first launched a decade ago, and some have launched startups of their own. Among these, … Read more