News Square
Global Crypto News · Real-time Aggregation
📚 Deep Analysis
More →Ken Griffin Says AI Is 'Almost Certainly' in a Bubble—And Compares GPUs to Airline Seats
Ken Griffin, founder of the Wall Street giant Citadel, <a href="https://www.marketwatch.com/story/ai-stocks-are-probably-in-a-bubble-but-might-be-worth-holding-onto-says-citadels-ken-griffin-87f535ce" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">said</a> Tuesday that investors are “almost certainly” in an AI bubble—though he isn’t telling them to dump their AI stocks. “What’s left in the wake of these bubbles, if we want to use that word, is often game changing for the world. And the companies that are on the other side of that bubble are the market leaders for decades to come,” Griffin said at Citadel’s Future of Global Markets Conference in New York on Oct. 20 This reaches beyond tech investors, since the AI buildout has <a href="https://decrypt.co/359175/nvidia-earnings-steady-markets-ai-spending-debate-intensifies" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">underpinned equity markets</a> over the past year, so many index funds and retirement accounts hold a slice of it. A bubble is what happens when prices climb far faster than the businesses behind them can justify, until reality catches up. Citadel is a hedge fund, a private firm that invests money for wealthy clients and institutions. But the fact that it seems like a bubble isn’t <i>that</i> big a deal if you look at the big picture, according to Griffin. “Any radical transformation of our economy is generally intertwined with a bubble,” he said, recalling the internet boom and adding that he wishes he had kept his Amazon stock. The companies that emerge on the other side of a bubble tend to lead markets for decades, he argued, though he stopped short of predicting a collapse. His own firm is a case study: Griffin said AI agents, software that carries out multistep tasks on its own, cut some high-level Citadel research from weeks to a couple of hours. Griffin compared GPUs, the graphics chips that many companies use to train and run AI models, to airline seats. Both have a very low marginal cost to run, meaning the extra expense of serving one more customer is tiny, so prices can collapse once supply outstrips demand. He pointed to the telecom boom around 2000, when companies laid more fiber-optic cable than demand required and communication prices fell. He also doubted that chips five or six years old, which still earn rental rates he called extraordinary, will keep doing so for another five or six years. Buyers are getting pickier, Griffin said, sorting which jobs justify premium models from OpenAI and Anthropic and which can run on cheaper open-source alternatives, meaning models anyone can download and run on their own computers. Corporate America has been uneven at extracting value from AI, he added, with companies studying their bills from the labs and asking where the productivity is. Gartner forecasts worldwide<a href="https://www.gartner.com/en/newsroom/press-releases/2025-09-17-gartner-says-worldwide-ai-spending-will-total-1-point-5-trilli
Zuckerberg signs eight-year residency agreement with Meta in response to California's proposed wealth tax
CoinWorld news, [Zuckerberg signs eight-year residency agreement with Meta to address California's proposed wealth tax] Cailian Press, October 22 — According to reports, Meta Platforms has signed an agreement with company CEO Zuckerberg requiring him to continue residing in the jurisdiction where the company headquarters is located for the next eight years. Previously, Zuckerberg said he would consider leaving the state if California passes a wealth tax. Meta said in a filing on Wednesday that Zuckerberg "will continue to reside in California, or any other jurisdiction where the company headquarters is located, for the next eight years." Meta said Zuckerberg is considering leaving California because the state's proposed wealth tax could expose him to a multibillion-dollar tax bill and could force him to sell voting shares to pay the tax. The company said in the filing that the transaction will issue Class C shares to Zuckerberg, partly specifically to avoid this situation. Under the agreement, Zuckerberg may immediately sell 20% of the Class C shares received, equivalent to 10% of his overall economic interest. This will provide him with liquidity to address the potential tax burden arising from California's Proposition 40. The proposition will be put to California voters next month.
Meta's personal AI agent Muse surpasses 10 million users one month after launch.
Meta CEO Mark Zuckerberg said on Wednesday that Muse, Meta's new personal AI agent app, has attracted more than 10 million users since its launch in September. On Meta's third-quarter earnings call, Zuckerberg said Muse's growth momentum "remains strong," with shopping currently the most common use case. He said more than a quarter of Muse users purchase goods through the app, with an average transaction value of over $200. Meta's stock rose sharply after Muse's release, climbing as much as 5% in after-hours trading on Wednesday. The app quickly rose to the top of Apple's App Store rankings after launch, marking an initial achievement from Zuckerberg's heavy investment in artificial intelligence.
Meta's personal AI agent Muse surpasses 10 million users one month after launch.
Meta CEO Mark Zuckerberg said on Wednesday that Muse, Meta's new personal AI agent app, has attracted more than 10 million users since its launch in September. On Meta's third-quarter earnings call, Zuckerberg said Muse's growth momentum "remains strong," with shopping currently the most common use case. He said more than a quarter of Muse users purchase goods through the app, with an average transaction value of more than $200. After Muse's release, Meta's stock rose sharply, gaining as much as 5% in after-hours trading on Wednesday. The app quickly rose to the top of the Apple App Store rankings after its launch, becoming an early achievement of Zuckerberg's heavy investment in artificial intelligence.
Market at a critical juncture: long-term capital dynamics test the zero line
According to a CoinWorld report, analyst Joao Wedson says the entire crypto market is at a critical juncture. Its long-term realized capital impulse, which tracks capital dynamics across multiple blockchains, is testing the zero line. Holding above the zero line would indicate strong resilience in the market structure; falling back into negative territory could signal the arrival of another period of weakness. This is a crucial level, and the next move will reveal a great deal about the market's long-term direction.
USDC Treasury在Solana网络铸造7.5亿枚USDC
According to Bijie.com data: USDC Treasury minted a total of 750 million USDC on the Solana network in three transactions of 250 million each, worth approximately $750 million, between 14:09 and 14:11 (UTC+8).
Nasdaq futures extend losses as Tesla cuts capital expenditure target.
CoinWorld news: Nasdaq futures losses widened to 0.5%, Tesla (TSLA.O) fell 2.3%, while Micron Technology (MU.O), SanDisk (SNDK.O), and SK Hynix (SKHY.O) dropped about 1%. Tesla revealed that it will lower its annual capital expenditure target from over $25 billion to $20 billion.
Launched by the Dogecoin Lab to drive multi-domain applications
Coin World news, according to a Benzinga report, Dogecoin ($DOGE) is gaining new adoption momentum through the Dogecoin Lab. The team plans to expand Dogecoin into areas such as payments, commerce, decentralized finance (DeFi), gaming, and artificial intelligence, while integrating applications such as MyDoge and DogeOS into a single ecosystem.
Trump did not mention cryptocurrency at the cybercrime roundtable.
CoinWorld news, according to Cointelegraph, President Trump did not mention "cryptocurrency" at the White House cybercrime roundtable, but instead referred to the frozen $1 billion in external fraud funds as "cyber currency."
According to NewsNation: Trump has arrived in South Carolina.
CoinWorld news, according to NewsNation: Trump has arrived in South Carolina.