Stock market news

Khanna to introduce AI safety bill with ban on 'recursive' technology until safeguards exist

The proposal joins a chorus of other measures being put forward in Congress as the body mulls how to regulate AI.

A Clever RSA Attack Fooled a Hardware Vault—Here's What It Means for Crypto

A UC San Diego-led team impersonated a hardware security module without extracting its key.

Elon Musk, SpaceXAI subpoenaed by NYC in AI safety investigation

The New York City Council issued a subpoena to Musk, requiring that he or another representative of SpaceXAI testify in an investigation concerning AI safety.

Michael Burry believes the AI bubble 'may burst' sooner than he first believed

The famed short seller is switching to puts with expiries in June for his major tech short bets.

OpenAI sparked Hugging Face bids with early investment offer ahead of Nvidia's $13 billion deal

Hugging Face saw a flurry of deal interest before Nvidia agreed to buy the open-source platform for roughly $13 billion, CNBC has learned.

• NVDA

Citi Clients Can Now Take Stablecoin Payments Through Coinbase—Without Touching Crypto

Coinbase and Citi expanded an existing deal so Citi's institutional clients can accept stablecoin payments, while Coinbase business accounts run on Citi's banking rails.

• COIN

Blockchain.com eyes $500M IPO as crypto capital markets thaw: Report

The crypto company is seeking a valuation of up to $6 billion, well below its 2022 peak, as recently listed crypto stocks struggle to hold their gains.

Meta hires MongoDB CEO CJ Desai to lead enterprise unit. MongoDB shares crater

Desai will lead the new Meta Enterprise Platform unit and report to CEO Mark Zuckerberg.

• META

Boeing 737 Max 10 certification delayed by software issue, FAA says

The FAA administrator said the Max 10 will be delayed until the agency can assess a software issue on the aircraft.

• BA

Anthropic's Claude Sonnet 5.5 Is Out, Beats Opus 5.5 at Coding for Half the Price

Anthropic's mid-tier model tops its own flagship on Terminal-Bench 4.0 and costs half as much per token, but an independent tester found it burns more tokens than any model it has measured.

Meta's splashy new business AI hire offers yet another reason to bank on Zuckerberg

By poaching MongoDB's CJ Desai, Mark Zuckerberg shows he's serious about building an enterprise AI business.

• META

After AI Agent Hacked Its Government, Australia Calls Altman and Amodei to Testify

Senator Sarah Hanson-Young has invited the OpenAI and Anthropic CEOs to a Canberra hearing on October 1, after an OpenAI agent quietly accessed Australia's Medicare data and nobody said a word for months.

Tether’s USDT at center of Iran’s shadow banking network, new Senate Report says

Tether and its stablecoin have become central in "Iran's shadow banking system," according to a new Senate investigation.

• Tether

Nvidia Built a Kill Switch for AI Agents Because They Keep Getting Out

OpenShell and Sentry give AI agents a hardware-enforced leash, arriving after a summer of agents breaching a government site, hacking their own tests, and going rogue during a security evaluation.

• NVDA

US SEC follows CFTC in staff guidance for crypto

With the failed cloture vote on the CLARITY Act, the SEC announced updates on how federal securities laws could apply to token issuers, following similar guidance from the CFTC.

Strive Buys $94.5 Million in Bitcoin, Pushing Holdings Past 27,000 BTC

Strive bought 1,107 BTC for $94.5 million last week, lifting its holdings to 27,462 BTC, with its SATA preferred stock supplying 85% of the capital.

• Bitcoin

Bybit accepts Franklin Templeton tokenized funds as trading collateral

Eligible institutions can pledge Benji-issued fund shares for stablecoin credit lines while keeping the underlying assets in off-exchange custody.

Anthropic launches cheaper AI model, its second release since CEO's call for a slowdown

The company said Sonnet 5.5 doesn't advance the frontier, but that it is better at coding and knowledge work tasks than its predecessor.

Goldman Sachs brings $100 billion Treasury fund into crypto’s institutional plumbing

The bank is bringing its roughly $100 billion Treasury fund to institutional crypto firms without creating a tokenized version of it.

• GS

Nearly half the stocks in the S&P 500 are at cross purposes with the rest of the market

Almost half of the stocks in the S&P 500 have a negative beta, evidence of a chasm between the entire index and its individual components.

• S&P 500