Jasper Zhang runs Hyperbolic, a GPU exchange building a software for "physical" AI futures
Cracking AI trade has Wall Street looking for a hedge. An ex-Citadel quant may have the answer
Source: CNBC
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CNBC
Oil prices fall as Saudi defense minister travels to Iran for talks to de-escalate conflict
Oil prices fell as investors weighed the threat of further attacks on Saudi Arabian energy infrastructure against concerns that elevated prices could erode demand.
BBC Business2 outlets
Anthropic unveils details of planned historic stock market debut
The company will be the first true artificial intelligence company to go public as tech firms continue to invest heavily in AI.
CNBC
Apollo to buy nearly 10% stake in Abu Dhabi-backed alternative asset manager Mubadala Capital
The deal further advances Apollo Global's ambitions in Abu Dhabi, often called the "capital of capital."
CNBC
Fanatics teams up with OpenAI for new AI-powered shopping suggestion feature
Fanatics is using AI to help shoppers navigate more than 1.5 million items of sports merchandise, with a Shop the Look feature powered by OpenAI Codex.
The Guardian
UK looking to give carmakers incentives to turn EVs into ‘power plants on wheels’
V2G tech enables drivers to charge automatically when electricity is cheaper and then sell some back to the grid at times of high demand Business live – latest updates Electric cars that can be used as “power plants on wheels” could be given government backing as part of plans under consideration to help UK manufacturers. Ministers are considering giving manufacturers incentives to add “vehicle to grid” (V2G) technology to cars as part of its review of the zero-emission vehicle (ZEV) mandate. Continue reading...
CNBC
Marc Lore’s Wonder bets on Texas, automation and user-built restaurants as it mulls IPO
Wonder is leaning into automation and user-built restaurants as founder Marc Lore prepares the startup for a potential IPO.