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More →Former Swift CEO joins stablecoin firm OpenTrade as chairman
Former Swift CEO joins stablecoin firm OpenTrade as chairman
Mystery Wall Street Journal ad sparks new fight over tokenized stocks
Mystery Wall Street Journal ad sparks new fight over tokenized stocks
Crypto isn’t a partisan fight, proven by data
Crypto isn’t a partisan fight, proven by data
Fed leaves interest rates unchanged, as expected
Fed leaves interest rates unchanged, as expected
Coinbase earnings: Wall Street divided on trading rebound after Robinhood crypto revenue sinks 55%
Coinbase earnings: Wall Street divided on trading rebound after Robinhood crypto revenue sinks 55%
Crypto Long & Short: What happens when an AI agent pays for the wrong thing
Crypto Long & Short: What happens when an AI agent pays for the wrong thing
JPMorgan, Coca-Cola, Dell also say 'no' to OKX-ICE tokenized stock trading plan
JPMorgan, Coca-Cola, Dell also say 'no' to OKX-ICE tokenized stock trading plan
OpenAI Plans to Buy Google's AI Chips as It Looks Beyond Nvidia: Report
OpenAI plans to buy AI chips from Google, according to a person familiar with the matter who spoke with <i><a href="https://www.theinformation.com/articles/openai-longtime-nvidia-customer-plans-buy-googles-ai-chips" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">The Information</a></i>. The step would loosen its dependence on Nvidia, the company that supplies most of the hardware behind the AI boom. Neither company has confirmed the plan, and the price, the number of chips, and the delivery dates have not been disclosed. OpenAI is one of Nvidia’s biggest customers. The chips OpenAI is reportedly after are Google's tensor processing units, or TPUs, processors designed for one job: the math that AI models run on. Google <a href="https://cloud.google.com/blog/products/ai-machine-learning/google-supercharges-machine-learning-tasks-with-custom-chip" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">revealed the chip</a> in 2016, saying it had already run TPUs in its data centers for more than a year. Reports in June 2025 said OpenAI had begun renting Google's TPUs, and the company described it as early testing with no plans to deploy them at scale. A purchase would mean owning the hardware instead of paying Google by the hour. Other details of the plan have not been made public. A<a href="https://openai.com/careers/software-engineer-tpu-compilers-san-francisco/" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 dJryYS">> job listing</a> from OpenAI in San Francisco asks for an engineer to lead the optimization of its frontier models on TPUs so the rumors have weight. The work involves compilers, the software that translates an AI model into instructions a specific chip can run, which is why switching chips is harder than swapping parts. Richard Ho, who leads OpenAI's hardware program, spent nearly nine years at Google and was one of the leaders of its Cloud TPU project before joining OpenAI. In September 2025, Nvidia signed a letter of intent to invest <a href="https://decrypt.co/340794/nvidia-100-billion-openai-historic-ai-infrastructure-deal-stock-pops" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">up to $100 billion</a> in OpenAI as it deployed at least 10 gigawatts of Nvidia systems. A gigawatt is a billion watts, the unit data center builders now use to size their projects. Two weeks later, AMD gave OpenAI the right to buy up to <a href="https://decrypt.co/343068/amd-stock-skyrockets-openai-bet-loosen-nvidia-grip-ai-chip-market" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">160 million AMD shares</a>, roughly 10% of the company. The right is tied to OpenAI deploying 6 gigawatts of AMD chips. Nvidia ended up putting <a href="https://decrypt.co/360195/nvidia-probably-done-investing-openai-anthropic-ceo-why" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">$30 billion</a> into OpenAI's funding round, well below the $100 billion in the letter of intent. CEO Jens
Bithumb's internal system was accessed externally, and the information of 6,444 customers was leaked.
According to Wu Blockchain, South Korea's second-largest crypto exchange bithumb has issued a detailed notice disclosing that its internal mobile collaboration office system (daouoffice) experienced unauthorized external access for approximately one hour on the morning of October 27. The incident involved the illegal exfiltration of personal information belonging to a total of 6,444 customers, including sensitive data such as names, mobile phone numbers, resident registration numbers, driver's license numbers, bank card numbers, and copies of identification documents. bithumb emphasized that the compromised collaboration system is completely physically isolated from the exchange's main trading architecture and asset database, and that customer trading services and underlying asset data were not affected. bithumb also apologized to customers and stated it will bear full liability for compensation for any confirmed economic losses.
Cerebras (CBRS.US) extends its premarket decline to over 3% as a short-seller publishes a critical report.
According to CoinWorld news, AI chip maker Cerebras (CBRS.US) extended its pre-market decline by more than 3%, trading at $109.13, after closing down 5.66% yesterday. Short-seller Culper Research disclosed a short position in Cerebras Systems and published a critical report questioning the durability and underlying technology of its flagship wafer-scale engine. The Culper report pointed out that the functional lifespan of Cerebras' large chips in actual use is only 1.5 to 2.5 years, a limitation that fundamentally undermines the company's business model.