Meta is pouring money into the physical and technical infrastructure needed to scale its AI ambitions. The company said Wednesday in its second-quarter earnings report that it plans to more than double its spend on building AI infrastructure, like data centers and servers. “We currently expect 2025 capital expenditures, including principal payments on finance leases, to be in the range of $66-72 billion…up approximately $30 billion year-over-year at the midpoint,” Meta said. That’s an aggressive capex growth, and one that Meta plans to continue onwards to 2026. The company said it expects a similarly large increase in spend on AI…
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AI-powered marketing automation startup Conversion, founded five years ago by two UC Berkeley dropouts, has raised a $28 million Series A led by Abstract, with participation from True Ventures and HOF Capital. The company’s founding story sounds like it could have been an episode of the HBO show “Silicon Valley.” The story begins all the way back when co-founder and CEO Neil Tewari, now 24, was in high school. He got busted one day watching a TechCrunch Disrupt livestream during class, was sent to the principal’s office, and had to stay late. Afraid to call his parents and tell them…
Key Takeaways The report proposes a unified federal framework for digital asset licensing, blockchain-driven public-private initiatives, and AI-powered oversight for decentralized finance. Despite referencing the Strategic Bitcoin Reserve, no new details were provided beyond Trump’s earlier executive orders. Share this article The White House has published its long-awaited report on digital assets, laying out a national strategy to position the US as a global leader in blockchain, crypto markets, and tokenized finance.While the report spans a broad range of digital asset policy areas, it stops short of providing substantive updates on the government’s planned Bitcoin reserve, instead reiterating language from…
If you’ve been hearing about Trump’s AI Action Plan and wondering who it actually benefits, you’re not alone. On today’s episode of Equity, Rebecca Bellan caught up with Amba Kak and Dr. Sarah Myers West from the AI Now Institute, a think tank focused on the social implications of AI and the consolidation of power in the tech industry. Their recent report, dubbed Artificial Power, lays out the political economy driving today’s AI frenzy and what’s at stake for everyone else. Artificial Power pushes back on what AI Now calls the “too big to fail” myth, arguing that AI companies…
Meta CEO Mark Zuckerberg shared his vision on Wednesday for “personal superintelligence,” the idea that people should be able to use AI to achieve their personal goals. Smuggled into the letter is a signal that Meta is shifting how it plans to release AI models as it pursues “superintelligence.” “We believe the benefits of superintelligence should be shared with the world as broadly as possible,” wrote Zuckerberg. “That said, superintelligence will raise novel safety concerns. We’ll need to be rigorous about mitigating these risks and careful about what we choose to open source.” That wording about open source is significant.…
After months of forecasts, the Donald Trump administration has finally deleted a comprehensive report on the digital asset market. Headline? They seek swept reform proposals, strong pro-crypto languages, and clarity of regulations. However, one major detail is notable. This is a reference to the long-standing National Bitcoin Reserve.This absence is surprising, especially after Donald Trump’s executive order in March called for a formal strategic Bitcoin reserve and another digital asset stockpile. Many people were hoping that this report would outline how the plan would unfold. Instead, the administration focused on regulatory overhauls, stable integration, and clearing the path of new…
AI-powered marketing automation startup Conversion, founded five years ago by two UC Berkeley dropouts, has raised a $28 million Series A led by Abstract, with participation from True Ventures and HOF Capital. The company’s founding story sounds like it could have been an episode of the HBO show “Silicon Valley.” The story begins all the way back when co-founder and CEO Neil Tewari, now 24, was in high school. He got busted one day watching a TechCrunch Disrupt livestream during class, was sent to the principal’s office, and had to stay late. Afraid to call his parents and tell them…
Key Takeaways The White House report introduces a broad crypto regulatory framework but does not address government Bitcoin reserves. The framework supports stablecoins, opposes US CBDCs, and recommends regulatory clarity for digital asset trading and taxation. Share this article A highly anticipated report from President Donald Trump’s Working Group on Digital Asset Markets appears to sideline an actionable plan for a national Bitcoin reserve, according to details in its fact sheet preview first reported by CoinDesk.The full report, set to be released later today, follows President Trump’s January executive order (EO) establishing the working group. That order tasked the group…
As Silicon Valley races toward a future where AI agents do most of the software programming, a new problem is created: finding the AI-generated bugs before they are put into production. Even OpenAI is dealing with such issues, a former employee has described. Newly funded startup PlayerZero has created a solution: use AI agents trained to find and fix problems before the code is put into production, the startup’s CEO and sole founder, Animesh Koratana, tells TechCrunch. Koratana created PlayerZero while he was at the Stanford DAWN lab for machine learning under his adviser and lab founder, Matei Zaharia. Zaharia…