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More →Ferrari's chairman is bullish on AI, but still has doubts about how AI will be monetized.
According to CoinWorld news, Ferrari's chairman is optimistic about AI but still has doubts about how AI will be monetized. Ferrari Chairman John Elkann is unfazed by concerns about a potential artificial intelligence bubble, but he warned that a mismatch between AI supply and demand could pose a risk to the market. Elkann, a billionaire industrialist, Meta Platforms board member, and investor in technology companies through his family holding company Exor, said he is optimistic about AI buildout over the next decade. Elkann, who is also chairman of multinational automaker Stellantis NV, said demand for the energy and computing power supporting AI technology remains very high. "What is less certain is what kind of revenue-generating mechanisms and business models this technology will produce," he said. "That is exactly where mismatches may occur."
ETH DVOL指数报49.21点
CoinWorld data: The latest reading of the ETH DVOL index is 49.21 points.
HSBC and Ant Digital Technologies complete technical validation of AI micropayments
According to Cointelegraph, HSBC and Ant Digital Technologies have completed a technical validation of AI agent micropayments. The test combined HSBC's tokenized deposit service, Ant Digital Technologies' Anvita Flow network, and the Jovay Layer 2 testnet, enabling AI agents to autonomously select digital services and complete micropayments using tokenized bank deposits, achieving real-time on-chain settlement and risk checks. HSBC was responsible for settlement and real-time risk control, while Ant Digital Technologies coordinated service invocation and payment processes. Both parties stated that the test was limited to technical validation, and no commercial or customer-facing services have been launched yet.
Ferrari Chairman John Elkann is unfazed by concerns over a potential artificial intelligence (AI) bubble.
Ferrari Chairman John Elkann is unfazed by concerns over a potential artificial intelligence (AI) bubble, but he warns that a mismatch between AI supply and demand could pose a risk to markets. Elkann, a billionaire industrialist, Meta Platforms board member, and investor in tech companies through his family holding company Exor, said he is optimistic about the AI buildout over the next decade. Elkann, who is also chairman of multinational automaker Stellantis NV, said demand for energy and computing power to support AI technology remains very high. "What is less certain is what kind of revenue-generating mechanisms and business models this technology will produce," he said. "That is exactly where a mismatch could emerge." Elkann said there are many types of bubbles, ranging from those driven purely by financial speculation to those fueled by rapid investment and infrastructure buildout. But he said investors' focus should always remain on where this technology is heading.
Brazil's B3 stock exchange plans to launch a securities tokenization platform in 2027.
According to CoinWorld news, B3, Brazil's largest stock exchange, plans to launch a securities tokenization platform in the first half of 2027. Tokenized securities will be interchangeable with traditional stocks and will share prices and liquidity. Humberto Costa, B3's Director of Products and Over-the-Counter Strategy, said that tokenized securities will be issued based on existing assets, and trade settlement will follow the current two-business-day settlement mechanism. At the same time, B3 is evaluating the inclusion of Brazilian Depositary Receipts and exchange-traded funds in this infrastructure, and plans to launch its own stablecoin and apply to the Central Bank of Brazil for authorization to operate and custody digital assets.
An unknown whale transferred 134 million USDC.
CoinWorld data: According to Whale Alert monitoring, an unknown whale address has just transferred in 133,827,509 USDC, worth approximately $134 million at real-time prices.
SoftBank seeks up to $100 billion AI acquisition fund from Gulf investors
According to news from Bijie, SoftBank CEO Masayoshi Son plans to raise about $100 billion from Gulf investors to acquire companies and use artificial intelligence to improve their performance. If the new fund materializes, SoftBank will no longer invest in companies developing AI technology, but will instead focus on implementing this technology in existing enterprises. At present, the fundraising has not yet been confirmed. The fund will acquire operating companies and use AI to enhance their performance, which differs from SoftBank's past investments in AI models, chips, and data centers. Currently, SoftBank's investment in OpenAI has reached $64.6 billion, accounting for about 13% of its shares.
Wall Street Weekly: Michigan Manufacturing, AI Debt Investment, Baby Bonds, Canada's Coal Fight
Coin World news, according to Bloomberg, this week's Wall Street weekly report focuses on Michigan manufacturing, AI debt investment, baby bonds, and Canada's coal struggle. Ford, JPMorgan, and the Michigan state government are collaborating to help domestic manufacturers turn new technologies into factories and supply chains. Meanwhile, hyperscale data centers are borrowing hundreds of billions of dollars to finance AI infrastructure, transforming the corporate bond market. In addition, whether baby bonds can narrow the U.S. wealth gap has also become a focus of discussion. Finally, Alberta's Grassy Mountain project has become a touchstone for Canada to expand resource exports without reigniting old environmental conflicts.
Philadelphia police criticize Anthropic for a two-month delay in handling a false AI murder tip.
Coin World News reports that Philadelphia police have expressed strong dissatisfaction with Anthropic's two-month delay in handling a false AI murder tip. The company took 81 days to notify police that its AI model had submitted a false murder tip through a public web form. Police called the delay unacceptable, saying the tip was submitted on July 18, was flagged by the system as spam, and failed to reach investigators in a timely manner. A police spokesperson said all tips need to be manually reviewed, and this one did not enter the real-time crime center for review. Anthropic discovered the issue on September 28 and reported it to police on October 7. Police stressed that tech companies need to ensure their systems do not provide false information to law enforcement.
Citigroup: The U.S. Treasury Secretary may cancel the issuance of 20-year government bonds.
Coin World News reports that Citigroup believes U.S. Treasury Secretary Scott Bessent may reduce the size of long-term government bond auctions, and may even completely cancel issuance of the 20-year duration. Jason Williams, the bank's head of U.S. rates strategy, said the baseline expectation is that both 20-year and 30-year bond auctions will be reduced by $3 billion each time, with the related funds raised through increased Treasury bill issuance. He expects the Treasury Department to announce this in its next quarterly refunding announcement on November 4. In a report late Friday, Citigroup strategists advised clients to position for 20-year bonds to outperform 10-year notes and to prepare for "a reduction or cancellation of 20-year bond issuance."