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07-23

Nomura’s Rob Subbaraman: AI is a decades-long revolution, but investment growth cannot sustain its current pace

On July 22 local time, Tesla and Alphabet, the parent company of Google, released their second-quarter financial results and continued to increase investments in artificial intelligence. Tesla expects its capital expenditures in 2026 to exceed $25 billion, with further growth expected over the next

Empery Digital invests $20 million in Cardinal Data Power, holding an 8% stake.

PANews, July 23: According to Businesswire, Empery Digital Inc. (Nasdaq: EMPD), which employs Bitcoin asset management strategies, announced on July 20 that it has completed a $20 million preferred stock investment in Cardinal Data Power, Inc. (“CDP”), acquiring approximately 8% equity ownership. Th

Empery Digital Invests $20 Million in CDP for AI Data Center Expansion

ME News reports that on July 23 (UTC+8), Empery Digital, a Nasdaq-listed Bitcoin treasury company, announced the completion of a $20 million strategic preferred stock investment in AI data center developer Cardinal Data Power (CDP), resulting in an approximate 8% equity stake in CDP. This investment

Bitcoin custody firm Empery invests $20 million in AI data center developer CDP

According to Huoxing Finance, on July 23, Bitcoin treasury company Empery Digital (EMPD) disclosed that it has completed a $20 million strategic preferred stock investment in AI data center developer Cardinal Data Power (CDP), acquiring approximately 8% equity in CDP following the transaction. This

A South Korean court sentences the main perpetrator in the meme coin fraud case to four years in prison.

The Seoul Southern District Court in South Korea handed down its first-instance ruling in a fraud case under the Virtual Asset User Protection Act, sentencing Park, the mastermind behind a Meme coin rug pull scam, to four years in prison. Two accomplices received sentences of two years and six month

Trump Administration Proposes Permanent Tariffs, Impacting Global Markets and Crypto

The temporary tariffs were always supposed to be temporary. Now the Trump administration wants to make sure the next round isn’t.The White House is preparing to replace its current 10% global import tariff, which expires on July 24, 2026, with a new set of permanent tariffs enacted under Section 301

Alibaba's Qwen 3.8 Max AI Model Outperforms Competitors in Speed

Alibaba just dropped what might be the most capable AI model to come out of China yet. Qwen3.8-Max, previewed at the World AI Conference in Shanghai on July 19, packs 2.4 trillion parameters and has been clocking faster execution times than most of the competition in real-world coding tests.What Qwe

SpaceXAI Evaluates Texas Sites for Gigawatt-Scale Data Center Expansion

SpaceXAI, the artificial intelligence infrastructure subsidiary of SpaceX, is actively evaluating several sites across Texas for a massive new data center project. The facility is expected to match or exceed the computing capacity of its existing Memphis-area operations, which run at roughly 1 gigaw

Argentina's Racism Controversy Sparks Backlash Against Fan Tokens

Samuel L. Jackson doesn’t mince words. Never has. So when the actor took to social media on July 21 to call Argentina “historically one of, if not the most, racist countries in the world” and urged Black fans in the US to stop supporting the team, the message landed like a sledgehammer on an already

US 10-Year Treasury Yield Hits 4.70%, Highest Since January 2025

The yield on the U.S. 10-year Treasury note has reached 4.70%, marking its highest level since January 2025. This development has spurred discussions about the possibility of an imminent Federal Reserve rate hike, particularly as a test of Kevin Warsh’s credibility as Fed Chair. Market observers are

Kaito AI Signs Data Agreement with X to Enhance Crypto Use Cases

Kaito AI just announced a formal data agreement with X, the social platform formerly known as Twitter. The deal is designed to support a range of use cases tied to Kaito’s core mission: turning the chaotic firehose of social media chatter into structured, actionable intelligence for crypto traders a

US Lawmakers Push Trump Administration to Address Alleged Semiconductor Export Loophole

A group of US lawmakers is pushing the Trump administration to shut down what they describe as a loophole in semiconductor export controls, one that allegedly allows Chinese firms like Huawei to access advanced AI chips through intermediary manufacturers. The catch: the key agency responsible for en

U.S. Initial Jobless Claims Fall Sharply, Labor Market Remains Stable

Odaily Planet Daily report: Last week, the number of first-time applications for unemployment benefits in the U.S. dropped significantly, indicating that the U.S. labor market remains stable, and Federal Reserve officials must continue focusing on curbing inflation. The U.S. Department of Labor repo

Empery Digital Invests $20M in CDP for AI Data Center Development

Odaily Planet Daily reports: Empery Digital, a Nasdaq-listed Bitcoin treasury company, has announced the completion of a $20 million strategic investment in preferred shares of AI data center developer Cardinal Data Power (CDP), resulting in an approximate 8% equity stake in CDP. This investment is

U.S. initial jobless claims drop to 187,000, below forecast

ChainThink reports that, according to Trading Economics, the number of initial jobless claims in the U.S. for the week ending July 18 was 187,000, below the market expectation of 212,000. The prior value was revised from 208,000 to 209,000.

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