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AI Chip Costs Force Xbox to Raise Prices After PlayStation as GTA VI Release Looms
- Microsoft hiked Xbox Series X price by $150 to $749, citing soaring memory costs.
- Sony raised PlayStation 5 price by $100 to $649.99 in March this year.
- AI data centers are driving RAM and NAND prices higher industrywide.
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The Web’s Missing Payment Primitive Didn’t Need Better Tech, It Needed to Ditch Humans
- Micropayments died since the 1990s on cognition, not technology.
- x402 removes the human, not the friction, from the decision.
- Average x402 payment is 32 cents, not a fraction of a cent.
NYU Professor Says Watch Smaller AI Stocks When The Shakeout Hits
- Aswath Damodaran says AI's biggest players are financially protected, not smaller ones.
- NYU professor sees a shakeout risk building as capex outpaces returns at Big Tech.
- Meta, Alphabet, and Microsoft show falling returns on invested AI capital, he says.
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Hugging Face CEO Says China Now Winning the AI Race After OpenAI Hack
- Hugging Face CEO Clement Delangue says China now dominates open AI models.
- OpenAI's rogue agent hacked Hugging Face last month during a security test.
- Delangue warns closed door AI development risks leaving US developers behind.
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Jim Cramer and Tom Lee Share a Bullish Call That Could Shape Investors’ Next Move
- Tom Lee says 2027 could be one of the best years for stocks.
- Jim Cramer says buy Amazon on any market dip.
- Cramer is selling all his Bitcoin over quantum computing fears.
The 80-Day XRP Price Downtrend Meets a Wall of Korean Bids
- XRP price bounced about 4% off its August low but stays trapped in a falling channel.
- South Korean bids beat XRP sellers about two to one, near a small premium.
- A daily close above $1.09 is needed, or XRP price risks sliding toward $0.95.
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Stablecoin Banking Competition Expands Beyond Settlement
- Stablecoins are gaining ground across payments, payroll, business transfers and settlement.
- Card issuance, foreign exchange, compliance and account management offer providers greater revenue opportunities and stronger customer relationships.
- Stablecoin neobanks face growing responsibility as they combine payments, yield, credit and trading within one product.
US Tech Stocks See Largest 5-Week Inflow in History: Can Nasdaq Break Its Downtrend?
- Tech funds just posted their largest 5-week inflow in history, Barchart data shows.
- Deutsche Bank says the rotation is just getting started, favoring hyperscalers.
- Nasdaq trades near 25,790, testing the downtrend line from its June record high.