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Perplexity’s CEO Sees AI Agents as the Next Web Battleground
Product Reviews

Perplexity’s CEO Sees AI Agents as the Next Web Battleground

by admin June 5, 2025


Wait though … Perplexity—like other AI search engines—has been criticized for hallucinating and getting things wrong.

We welcome this criticism, because it’s the best way for us to continually improve. In reality, errors account for a small fraction of results, and our answers are far more accurate than 10 blue links polluted by decades of SEO-optimized content. [In response to a follow-up request, Perplexity did not provide further details on error rates, but Jesse Dwyer, a spokesman, said that reliability is improving constantly]. But the fact is, accuracy and trust will only become more important as AI integrates into more of our lives, so this is something we’re relentlessly focused on. We can’t get there without this feedback.

Perplexity also cribs from copyrighted news articles with its “discover” section. Do you understand why some publishers are upset?

We’ve answered that before. See our blog post on how we respect robots.txt [a file added to websites that specifies whether web crawlers should access their content].

The Perplexity assistant for Android and iOS seems “agentic” because it can take actions. How big of a shift is this?

AI is pretty good at answering questions now. What really needs to be done is get AI to take actions. People use the word “agents”; you can go with whatever you want—“agent” or “assistant”—but in the end, it needs to string together tools and execute actions. That’s why we’re [also building a] browser, and an assistant on iOS, Android.

Do Apple and Google have too much control over their mobile platforms compared to outsiders looking to build agents?

With iOS it’s particularly challenging, because you have to string together a bunch of event APIs. On iOS, Mail, Calendar, Reminders, Podcasts, all that stuff is natively available through the Apple SDK [software development kit used to build applications], so you can actually at least draft emails, schedule meetings, move meetings, set reminders, all this stuff, open podcasts pretty easily. You can do searches for podcasts … “get me the one where Mark Andreessen discusses de-banking with Joe Rogan.” It can get you that pretty quickly.

It’s mostly difficult because you cannot access other apps. iOS is not very different from Android, because AI cannot access most apps on Android either (meaning that the Perplexity assistant can interact with some apps more easily than others). [But] third-party apps can build their SDKs to be accessible on the Android SDK. For example, our Android system can display a song on Spotify. On iOS, you can only link to a specific Spotify song, and you have to manually start playing the audio.

Oh, so it’s app-makers that are holding AI agents back?

That’s the challenge. If people are offering us APIs—say, Open Table, Uber, DoorDash, or Instacart—where we can access information within the app without even having to open the app. On the back end, that’s pretty powerful. For example, if we can access information on Uber and find that Uber comfort doesn’t cost more than 5 or 10 percent of Uber X, then we can just book Uber comfort for you—if that’s a preference that you set on Perplexity.



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June 5, 2025 0 comments
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Ripple
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Ripple CEO Brad Garlinghouse Dispels Circle Acquisition Rumors

by admin June 4, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

In a Tuesday post on social media site X (formerly Twitter), Georgetown Law professor Chris Brummer shared insights from a conversation with Brad Garlinghouse, the CEO of Ripple, shedding light on the blockchain payment firm’s strategic direction and key initiatives. 

Garlinghouse Denies Pursuing Circle Acquisition

During their exchange, Garlinghouse made a firm statement asserting that Ripple had not actively pursued an acquisition of Circle, the issuer of the market’s second largest stablecoin by trading volume, USDC. 

While nuances in the discussion hinted at potential alternative price points for a prospective offer, Garlinghouse’s primary message remained clear: Ripple was focused on its own trajectory and not considering acquisitions, despite Ripple’s recent acquisition of Hidden Road pointing towards broader ambitions.

The acquisition of Hidden Road by Ripple was framed as more than a mere transaction. Ripple is positioning its RLUSD stablecoin as collateral on its ledger, reflecting a strategic move towards solidifying its infrastructure. 

Garlinghouse also discussed Ripple’s engagement with the United Arab Emirates (UAE) regarding tokenized real estate, illustrating a tangible shift in certain regions where tokenization is evolving from theory to practical implementation, particularly within premium asset classes.

Ripple Charts New Course

According to Brummer, Garlinghouse’s vision for Ripple seemed to transcend a simple replacement of traditional finance with crypto. Instead, the firm appears to be positioning itself at the forefront of a hybridized financial landscape, where tokenized assets, stablecoins, and traditional financial institutions coexist and interact. 

This strategic positioning suggests a future where acquisitions extend beyond conventional entities to encompass prime brokerages, fiat on-ramps, and payment processors, bridging the gap between the old and the new in the financial realm.

Meanwhile, in a parallel development, Circle, the issuer of the widely-used USDC stablecoin, announced an upward revision in the price range for its upcoming initial public offering (IPO). 

The adjusted range of $27 to $28 per share, up from the initial $24 to $26, signals Circle’s confidence in investor appetite, regulatory trends, and its own standing within the stablecoin market. 

At the upper end of this revised range, Circle stands to raise approximately $896 million, propelling its valuation to a substantial $7.2 billion, reflecting a bullish outlook on the future of the company amidst a dynamic cryptocurrency landscape.

The daily chart shows XRP’s price recovery over the past few days. Source: XRPUSDT on TradingView.com

At the time of writing, XRP, the token associated with Ripple Labs, is trading at $2.24. It has consolidated between this level and $2.1 for the past week while being unable to find the catalyst needed to send the token near the $3 mark for the first time in four months.

Compared to Bitcoin’s latest uptrend, which saw it reach a new all-time high, this lagging price action leaves the XRP price over 33% below its record price of $3.40, according to CoinGecko data.

Featured image from DALL-E, chart from TradingView.com 

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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June 4, 2025 0 comments
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NFT Gaming

US Debt Crisis Could Make Bitcoin the World’s Reserve Currency: Coinbase CEO

by admin June 4, 2025



In brief

  • Coinbase CEO Brian Armstrong warned that if Congress fails to address the $37 trillion U.S. debt, Bitcoin could replace the dollar as the global reserve currency.
  • Lawmakers and analysts say mounting deficits and money printing are eroding trust in the dollar, pushing states like New Hampshire and Arizona to start stockpiling Bitcoin.
  • Experts, including six Nobel economists, warn the Trump-backed “big, beautiful bill” could worsen inequality and debt, while Elon Musk slammed it as a “disgusting abomination.”

Coinbase CEO Brian Armstrong warned that Bitcoin might “take over” as the world’s next reserve currency if Congress doesn’t act quickly to tackle its mounting $37 trillion in debt.

“I love Bitcoin, but a strong America is also super important for the world,” Armstrong tweeted on Tuesday. “We need to get our finances under control.”

Armstrong’s concerns over the debt crisis came as House Republicans passed the Trump-backed “big, beautiful bill” in May that extends tax cuts, boosts military spending, and cuts Medicaid, food aid, and clean energy. 

The fiscal strain is fueling interest in Bitcoin, which was born out of the 2008 financial crisis, due to its fixed supply and inflation-resistant design. It’s an asset that’s become increasingly appealing to institutional investors and state governments.

“When it comes to stockpiling Bitcoin, U.S. states aren’t just racing against each other,” New Hampshire Rep. Keith Ammon told Decrypt last month. “They’re competing against a federal government that will be forced to print money to deal with its debt.”

Ammon said the federal government’s approach threatens the long-term value of the dollar and that Bitcoin could help protect state finances from further erosion.



Six Nobel Prize-winning economists, including Paul Krugman and Joseph Stiglitz, wrote in a June letter that the bill’s structural design would increase inequality and drive public debt by over $3 trillion, even more if its provisions become permanent.

Tesla CEO and former D.O.G.E head Elon Musk also criticized the measure on Tuesday, calling it a “massive, outrageous, pork-filled Congressional spending bill” and a “disgusting abomination.”

It will massively increase the already gigantic budget deficit to $2.5 trillion (!!!) and burden America citizens with crushingly unsustainable debt https://t.co/dHCj3pprJO

— Elon Musk (@elonmusk) June 3, 2025

The Senate’s next move on the bill could have more significant consequences than just fiscal. Critics argue that it may ultimately accelerate growing efforts to de-dollarize the global economy.

“Nobody is facing reality in the U.S.,” Komodo Platform CTO Kadan Stadelmann told Decrypt. “That’s where Bitcoin comes in, and a big part of the reason why Satoshi Nakamoto created it in 2008.”

Bitcoin “stands in opposition to fiat currency,” Stadelmann added, who said traditional currencies, like the U.S. dollar, only add to the “hundreds of billions of dollars” in debt each year.

Linking the national debt to rising crypto demand, Stadelmann said Bitcoin was designed to resist this very scenario, calling it “a safe haven away from the inflationary monetary system, which has apparently run its course.”

“The debt could lead to a collapse of the dollar, which will lead people pouring into Bitcoin and could result in a supply crunch,” he noted.

Edited by Sebastian Sinclair

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June 4, 2025 0 comments
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Tether Moves $1,107,371,328 Bitcoin, CEO Breaks Silence
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Tether Moves $1,107,371,328 Bitcoin, CEO Breaks Silence

by admin June 3, 2025


Earlier today, 10,500 BTC — worth over $1.1 billion — was moved from Bitfinex’s hot wallet to a new Bitcoin address. On its own, the transaction would have caught people’s attention. But when Tether CEO Paolo Ardoino confirmed that the transfer was part of the pre-funding for SoftBank’s entry into Twenty One Capital (XXI), the quiet flow of recent on-chain activity snapped into context.

This was not a one-time thing. In the last 48 hours, a bunch of high-value Bitcoin transactions — 14,000 BTC; 4,812 BTC; 7,000 BTC and another for 917 BTC — have been sent to new wallets, and they are all linked to the same project. In total, around 37,229 BTC have moved, which is just under $4 billion at today’s price.

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Twenty One Capital is anything but your average fund. This Bitcoin-focused investment option first came to light in April. Its goal is to hold rather than speculate.

The structure is built to preserve capital in BTC, using that base layer to scale into the equity and debt markets. It is a playbook that is similar to how Strategy transformed, but this time it is happening before the IPO, and it has institutional backing from the start.

Tether Group is moving 10500 BTC to address bc1qpzt4m58zzqgp84ktyuj5tz8g8k8ssg2g2d5eeerwhx4gxulqq5mqjzm5gc as part of the pre-funding of SoftBank’s investment in Twenty One Capital (XXI)https://t.co/5PmG7w9TQ2

— Paolo Ardoino 🤖 (@paoloardoino) June 3, 2025

The fund is mostly made up of three big players: Tether, Bitfinex and SoftBank. Cantor Fitzgerald is involved too, working as an indirect anchor and reportedly supporting the capital formation side. Brandon Lutnick is leading the project. He was mentioned in some early investor materials as the son of the U.S. Secretary of Commerce.

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According to some insiders, the financial plan is simple but aggressive. Tether is committing $1.5 billion in BTC, SoftBank is in for $900 million and Bitfinex is allocating $600 million. They are expecting about $550 million more in capital, which will come from convertible debt and private placements.





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June 3, 2025 0 comments
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Crypto Trends

Here’s What The Ripple CEO Had To Say About The Bitcoin Vs. XRP Debate

by admin June 2, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ripple CEO Brad Garlinghouse has stressed that members of the Bitcoin community are not enemies of XRP holders. His latest remarks come amid increased discussions, especially on social media, about the relationship between the two large blockchain ecosystems. Speaking at an event in Las Vegas, Garlinghouse argued that Bitcoin and XRP are not competing in a zero-sum game, but rather advancing a shared mission that could reshape the global banking system over the next decade.

Garlinghouse Says Bitcoin And XRP Can Both Win

Ripple CEO Brad Garlinghouse directly addressed the perceived rivalry between the two communities while speaking at a recent event in Las Vegas. “The Bitcoin community is not our enemy. They really are not. If they do well, we’re gonna do well, we might do better. It’s not a zero-sum game,” he told attendees.

His comments demonstrate Ripple’s leadership in positioning XRP not as a challenger to Bitcoin, but as a strong force driving forward a digital transformation. Rather than causing division, Garlinghouse’s comments advocate for mutual progress, arguing that growth in the Bitcoin ecosystem is not a threat to Ripple’s success.

Although price comparisons have dominated much of the debate, Garlinghouse’s remarks draw attention to a bigger split in their vision. As the first cryptocurrency, Bitcoin was created to challenge the traditional global finance system.

On the other hand, Ripple’s XRP focuses on working within regulatory frameworks to improve cross-border payments among banks. Despite their differences, Garlinghouse suggested both are necessary players in a much larger transformation of the baking industry.

A Shared Role In Rebuilding Global Finance

Garlinghouse didn’t stop at defending XRP’s relationship with Bitcoin; he expanded his vision to the future of the banking system itself. “Rewriting the entire banking system and what this looks like in maybe 10 years or 20 years. We underestimate how big that change is and how profound it is, and we get there by being collaborative and working together and not against each other,” he added. 

His comments serve as a call for unity as digital assets become increasingly integrated into the global financial system. As such, the message to XRP holders is clear. XRP’s Success doesn’t require discrediting or working against Bitcoin. Both assets can rise together if the focus is on adoption and the greater mission in global finance.

One such adoption is the recent official launch of both XRP and Micro XRP futures contracts on CME Group. Ripple CEO Brad Garlinghouse took to the social media platform X to mark this move, describing it as a key institutional milestone for XRP. Furthermore, investor optimism for a spot XRP ETF has increased significantly in recent weeks, with the odds of approval by the SEC now sitting at 83%.

Meanwhile, XRP is currently trading at $2.16 after rebounding from $2.10 on May 31. However, the cryptocurrency is currently down by 7.83% in a seven-day timeframe.

BTC trading at $104,819 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Shutterstock, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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June 2, 2025 0 comments
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Jobs roundup: June 2025 | Turborilla appoints John Wright as CEO
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Jobs roundup: June 2025 | Turborilla appoints John Wright as CEO

by admin June 2, 2025


It can be difficult keeping track of the various comings and goings in the games industry, which is why we compile them in semi-regular round-ups.

If you have new appointments or transitions in your company that belong here, please send the names of the appointees, new role and company, and prior role and company to newhires@gamesindustry.biz.

John Wright | CEO, Turborilla

John Wright has been appointed CEO of mobile developer Turborilla.

Wright has almost 15 years of experience in the games industry, most recently as vice president of mobile games at Kwalee.

He also worked at Luna Labs, joining in 2020 as vice president of operations before becoming head of operations and head of global growth partnerships. He then became head of customer success following Unity’s acquisition of the company.

“I’m honoured to lead Turborilla into its next chapter,” said Wright. “With our talented team, we’ll continue to grow the Mad Skills brand, strengthen our publishing partnerships, and create new experiences that engage players around the world, doubling down on what fans love.”

Turborilla founder and former CEO Tobias Andersson added: “We’re thrilled to welcome John Wright as our new CEO. John brings a wealth of leadership experience and a bold vision for the future, championing our guiding principles.

“I am confident in stepping back into a board member position and handing over the reins, knowing he’ll lead Turborilla to new heights.”

Gabor Mester | Head of US data analytics, Sony

Gabor Mester has been promoted to head of US data analytics at Sony.

Mester worked at PlayStation for 13 years, starting in 2011 in senior business and analytics strategy.

He held a variety of roles during his tenure, including senior manager for PlayStation user and feature analytics, director of business analytics and strategy, director of PlayStation Platform analytics, and senior director of platform analytics.

Mester left PlayStation in 2024 and moved to Sony in general. In his role, he is part of the firm’s ‘One Sony’ vision which is building “a data analytics culture and strategy to align Sony Pictures, PlayStation, Sony Music, and Electronics”.

Tom Glover | Senior director of communications, Niantic Spatial

Tom Glover has been appointed senior director of communications at Niantic Spatial.

Glover previously had the same role for the EMEA region at Niantic. Joining in 2022, he was involved in the communications strategies of Pokémon Go, Pikmin Bloom, Ingress Prime, and Monster Hunter Now, in addition to AR technology and internal communications.

Glover has worked in communications and PR for over two decades. Prior to Niantic, he worked at PR agency Golin. He started in 2018 as head of media (executive director), and was then promoted to executive director (EVP) in 2021.



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June 2, 2025 0 comments
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$80 for Borderlands 4 too costly? Randy Pitchford says, "If you're a real fan, you'll find a way to make it happen"
Game Reviews

Fans slam Gearbox CEO Randy Pitchford’s message to “cost sensitive” fans

by admin June 1, 2025


Gearbox CEO Randy Pitchford has double-doubled down on comments about the cost of Borderlands 4, by inviting “cost sensitive” fans to download Tiny Tina’s Wonderlands from the Epic Games Store for “FREE”.

These latest comments come after Gearbox CEO Randy Pitchford made headlines when he told a X/Twitter commenter that “real fans” would find a way to get their hands on a copy of the game, even if it came with a $80 price tag. He later tried to justify it, all the while saying pricing was “not [his] call”.

In this latest social media post, Pitchford wrote the word “free” four times, each time in blockcaps.

9 Exciting 2025 Open-World Games We Can’t Wait to Play.Watch on YouTube

“For our real fans who may be cost sensitive, the very awesome and incredibly fun smash hit videogame Tiny Tina’s Wonderlands is FREE this week on the Epic Games Store,” Pitchford wrote. “Please enjoy this FREE gift by grabbing your FREE copy here, FREE.”

Aforementioned real fans were quick to respond to this comment, too.

“You don’t get to just walk back being incredibly tone-deaf to the world around you. We are out here struggling, Randy,” said one player, while another wrote: “Dude you need to shut up already. No reason games should be $80 especially if its anything like 3 or that shit ass excuse of a movie.”

“I’m afraid the industry is moving in that direction and it’s just reality that we’ll have to accept,” Pitchford insisted. “The price for Borderlands 4 is going to get announced by the publisher soon. My wish, having worked my ass off on the game, is for as many people as possible to get to play it.”

When another commented: “So Randy, you think making backhanded comments towards your consumers about them being ‘cost sensitive’ is the plan? Wtf happened to you,” he responded: “Backhanded? There are literally people who want to play great video games, have a game-ready PC, but may not be able to spend enough to buy a new AAA game for awhile and this week there’s a free offer for one of the best shooter looters to come out over the last five years…”

“Saying ‘cost sensitive’ as the CEO of a company (In lieu of criticism of an $80 price tag for BL4) when a lot of your fan base is struggling to even pay for the roof over their heads and food on their tables is a crazy sentence to utter,” said another player.

Just a week before the “real fans” kerfuffle, Pitchford implored we “play the game first and understand the choices [the development team has] made” before passing judgement on changes Gearbox has made to the shooter’s head’s up display, including the removal of the mini-map.

Borderlands 4, as we learned a couple of weeks ago, is now arriving earlier than expected on 12th September, and developer Gearbox recently shared more of its latest looter shooter in a new PlayStation showcase. It showed off a couple of new Vault Hunters, some of its new weapons, new traversal mechanics, its new planet, and more all to whip-up enthusiasm for what creative director Graeme Timmins called “hands-down our best Borderlands ever”.



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June 1, 2025 0 comments
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Ripple Ceo Disses Bitcoin, Declares Xrp Is 1000X Faster
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Ripple CEO Disses Bitcoin, Declares XRP is 1000x Faster

by admin June 1, 2025



Ripple CEO Brad Garlinghouse recently bashed Bitcoin during a presentation attended by representatives from the International Monetary Fund (IMF) and the Swiss National Bank. Speaking at the high-profile event, he openly criticized Bitcoin’s performance, calling it slow and costly.

He explained that Bitcoin has problems when it comes to making transactions quickly and cheaply. “Bitcoin today, per transaction basis, is rather slow and rather expensive,” Garlinghouse said. He compared it to XRP, which he said is “a thousand times faster and a thousand times cheaper.”

Garlinghouse said XRP was created by engineers who had studied Bitcoin and “seen some of the flaws of Bitcoin and the challenges of scalability around Bitcoin where Bitcoin today, per transaction basic, is rather slow and rather expensive.” 

Garlinghouse said XRP is 1000 times faster than Bitcoin | Source: X

He talked about how banks currently need to hold money in different countries so they can send payments internationally. This process is called pre-funding, and it ties up a lot of money. He said XRP can help get rid of this problem because it allows money to move instantly using digital assets.

He explained that with the current system, financial institutions are forced to keep money in different countries to send payments internationally. The Ripple CEO said XRP could replace this outdated system by acting as a bridge currency

Garlinghouse also spoke about currencies that are often ignored by big banks. “Some of the more quote-unquote exotic currencies, exotic corridors, have been left to stand on their own,” he said. He believes XRP can help these currencies become more connected to the financial system.

During his presentation, Garlinghouse shared Ripple’s long-term goal: “Ripple’s vision from the beginning really has been to apply these technologies in the same way that TCP/IP and HTTP are the technologies underpinning the Internet of Information.”

He continued that XRP and blockchain technology could power an “Internet of Value,” allowing payments to move “like information flows today.” He gave an example of how XRP could help people in real life.” If you are a large corporation moving $100 million, that’s one thing,” he said. “But if you are a freelancer working in the Philippines doing design work for a company in London and you want to get paid $30 for 30 pesos, that’s not a transaction that can easily be enabled.”

A video copy of this presentation was shared on X, and it got a mix of reactions. One user said “XRP’s speed might be impressive but Bitcoin’s decentralized security & adoption still dominate. Scalability’s a challenge, sure, but BTC’s roadmap is evolving.”

Another user countered that statement citing “How many companies are buying #Xrp reserves? The user tweeted “Brad is still giving away XRP for free to gain adoption? The blind leading the blind.”

Also Read: Meta Says No to Bitcoin Treasury, Is Ripple’s XRP on Cards?



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June 1, 2025 0 comments
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Nvidia CEO Jensen Huang
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Nvidia CEO says Trump’s tariff plan is ‘utterly visionary’

by admin May 30, 2025



Nvidia CEO Jensen Huang made himself available for media interviews in the wake of the publishing of its record $44 billion revenue financials and the traditional analysts’ call. Bloomberg has shared its on-air Q&A session with Huang, in which the Nvidia boss was questioned about the impact of U.S. policy on his company’s recent revenue. However, when specifically addressing President Trump’s tariffs and decision to rescind the AI Diffusion Rule, Huang couldn’t have been more extravagant with his personal praise.

After Huang’s gentle criticism of U.S. policy regarding exports of technologies that could accelerate AI, the Bloomberg journalist got more specific about the U.S. administration’s policies. Specifically, he asked the Nvidia CEO about his trust of President Trump, and the direction things were going in.

“Obviously, I don’t know all of his ideas, but let me tell you about two that are incredible,” answered Huang. “The first one is utterly visionary. The idea of tariffs being a pillar of a bold vision to re-industrialize to onshore manufacturing and motivate the world to invest in the United States is just an incredible vision. I think this is going to be a transformative idea for the next century for us, explained the Nvidia CEO. “We’re all in on the idea. We’re setting up plants and encouraging our partners from around the world to invest in the United States, and we have a lot of stuff going on, and so I’m very excited about that.”


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Some more outpourings of praise followed. Huang was perhaps hoping to influence any forthcoming decision(s) which would fill the vacuum caused by the AI diffusion rule being rescinded. “The second major idea is to rescind the AI diffusion role, recognizing that this isn’t about limiting American technology, but this is about accelerating American stacks around the world to make sure that, before it’s too late that the world builds on American stacks during this extraordinary time, the AI era.”

Yet more praise was lavished on the U.S. president to underline Huang’s admiration. He ended this segment by saying, “These two initiatives are completely visionary, and it’s going to be transformative for America.”

Nvidia CEO Jensen Huang Interview| Bloomberg Technology Special – YouTube

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The interview with Huang also covered how Nvidia successfully made up for lost China revenue streams. The Nvidia CEO snappily replied, “We have a whole bunch of engines firing right now,” illustrating the appeal of a broad base and wide customer portfolio. He also took the opportunity to blow the Nvidia tech trumpet, adding, “people realize that Blackwell is a home run.”

Still on the topic of China, Huang lamented the loss of U.S. influence in the AI industry there. He reminded the interviewer that the Chinese market is very important for its absolute size, and that it is still home to maybe 50% of the world’s AI researchers. Naturally, developers there are pivoting to Huawei, for example. That’s an “unfortunate part of changing policy,” said Huang, but he hoped things would change so U.S. tech could again become a desirable standard.

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(Image credit: Tom’s Hardware)

Later in the interview, the Nvidia CEO was asked about immigration and the tech industry in the U.S. Naturally, Huang was all for streamlining the inflow of talented engineers and scientists. He also took the opportunity to heap praise on Elon Musk. The Nvidia CEO described Musk as an “extraordinary engineer” who was stewarding “revolutionary companies.”

The Bloomberg interview ended with some talk about Europe. Huang will be seeing lots of heads of state and companies across Europe in the coming week. AI is going to be part of the national infrastructure like electricity, or the internet – and Europe wants to embrace this idea, it seems.

Follow Tom’s Hardware on Google News to get our up-to-date news, analysis, and reviews in your feeds. Make sure to click the Follow button.



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May 30, 2025 0 comments
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Bitcoin news Meta Mark Zuckerberg
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Strive CEO Calls Zuckerberg Over Meta’s Treasury

by admin May 29, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The question of when a Fortune 500 technology giant will move Bitcoin onto its balance sheet took center stage at Bitcoin 2025 after Strive Asset Management chief executive Matt Cole, standing before thousands in Las Vegas, dialed Meta Platforms chief executive Mark Zuckerberg and—when the call went unanswered—left a voice message urging him to convert a slice of Meta’s $61 billion cash hoard into Bitcoin.

Strive CEO Calls Zuckerberg Over Bitcoin

Speaking to thousands of attendees in Las Vegas, Cole argued that the social-media and AI powerhouse is exposing shareholders to avoidable monetary debasement by keeping tens of billions of dollars parked in cash and short-term US Treasuries. “The case for putting Bitcoin on your corporate balance sheet has never been stronger,” he said, noting that Bitcoin’s market capitalization has surpassed two trillion dollars.

“Right now we have a global fiat debt crisis. M2 is rising almost every single day, and as M2 rises the purchasing power of dollars, or dollars that are put in short-term US Treasuries, continues to decrease.” Cole insisted that inflation gauges understate the erosion of real returns because “you also have to look at the rise of asset prices, like stocks and homes. The reality is that a corporate balance sheet in cash and short-term reserves is losing its ability to generate value for shareholders almost every single day.”

Cole linked the monetary argument to accelerating advances in artificial intelligence, warning that the technology threatens to reshuffle the S&P 500 as thoroughly as the internet did two decades ago. “Over a period of 30 years there was a 50 percent turnover in the S&P 500,” he reminded the audience.

“Our belief is that there will be a similar turnover because of AI disruption in the next 10 years. While I do not believe Meta will fall out of the S&P 500, my belief is that Meta has the opportunity to actually be the largest, or maybe the second-largest, corporation in America, if you get this right. Lean into AI innovation, but also look at the balance-sheet side of the equation.”

He closed the call by referencing Zuckerberg’s much-publicized pet goat: “You’ve already taken step one. You’ve named your goat Bitcoin. My ask is that you take step two and adopt a bold corporate Bitcoin treasury approach and vote yes on proposal number 13.”

Zuck took the first step by naming his goat Bitcoin. It’s time for Meta to put the G.O.A.T. asset, Bitcoin, on its balance sheet and maximize long run shareholder value. https://t.co/58huypeOOL

— Matt Cole (@ColeMacro) May 28, 2025

Will Meta Break The Ice?

Cole’s public appeal drew instant commentary from market-structure analysts and entrepreneurs. Bloomberg ETF specialist Eric Balchunas observed on X that “it feels like it’s inevitable that a Big Boy US company adds btc to balance sheet. Could def see Meta being the one to break the ice.”

In a follow-up post he argued that a Meta or Microsoft allocation would carry far greater symbolic weight than earlier moves by smaller firms: “If a Meta or Microsoft adds btc to balance sheet it will arguably have bigger impact than all the smaller cos doing it, kinda like when Tom Hanks got COVID, everyone was like ‘oh sht Tom Hanks got it.’”

When a user replied that Tesla “already broke the ice, 4 years ago,” Balchunas conceded the point but added, “yes but kinda doesn’t count as of now, hard to explain but you know what I’m saying.”

Skeptics pushed back just as quickly. Larry Tabb, head of market-structure research at Bloomberg Intelligence, wrote: “What? Why? They don’t pay folks in BTC, they don’t buy stuff w/BTC, it doesn’t earn a return, they can’t use it to do anything. Only reason for a corporate to buy BTC would be for investment.” Tabb compared the idea to purchasing an S&P 500 ETF with no dividend capture, concluding that management should either pursue a formal investment mandate or return idle capital to shareholders.

Balchunas countered that the motive would indeed be “shareholder value,” leaving the market to judge whether the trade-off is worthwhile: “Time will tell.”

Zuckerberg ‘Appreciates’ Bitcoin

Outside the analyst community, founders in the Bitcoin ecosystem speculated about Zuckerberg’s personal inclinations. Lyle Pratt, chief executive of decentralized communications platform Vida Global, called Meta “the dark horse of the corporate Bitcoin acquisition game,” citing Zuckerberg’s dual-class voting control, his failed attempt to launch the Libra (later Diem) stablecoin, and his goat named “Bitcoin.”

Pratt jokingly added that Zuckerberg “doesn’t want Cameron and Tyler to have more Bitcoin,” a jab at Meta’s long-standing rivalry with the Winklevoss twins. Former Meta executive and current Lightspark chief executive David Marcus, who once led the Libra initiative, has previously said that Zuckerberg “appreciates Bitcoin,” lending anecdotal support to Balchunas’ and Pratt’s thesis.

Strive’s shareholder proposal will come to a vote at Meta’s upcoming annual meeting. Cole’s gambit was designed to raise the political cost of inaction for Meta’s board. Notably, Meta’s board has recommended against it and has not commented publicly on Cole’s Las Vegas broadside.

At press time, BTC traded at $107,948.

BTC continues to consolidate below the previous ATH, 1-day chart | Source: BTCUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.





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