Author: GT

Bitcoin was born as a response to institutional failure, a decentralized escape hatch from corruptible centralized finance and a north star of self sovereignty. Bitcoin’s true vision was a peer-to-peer electronic cash system. That phrase is right there in the Bitcoin white paper’s title from Satoshi himself. You’re reading Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every Wednesday. Today, Bitcoin is many things: A store of value A form of digital gold A macro asset But Bitcoin is not electronic cash. It…

Income investors looking for a way to play the boom in artificial intelligence can look to municipal bonds connected to data centers, according to Nuveen. A lot has been made of the need for data centers to provide the infrastructure for AI, and subsequently, the increasing demand to power them. The power consumption by data centers is expected to account for almost half of the demand in electricity growth between now and 2030, a new report from the International Energy Agency found . Public power bond issuance totaled $26.8 billion in 2024, up from an annual average of $14 billion…

In just 17 days after launch, Temu surpassed Instagram, WhatsApp, Snapchat and Shein on the Apple App Store in the U.S., according to Apptopia data shared with CNBC.Stefani Reynolds | Afp | Getty ImagesChinese online retailer Temu, whose “Shop like a billionaire” marketing campaign made its way to last year’s Super Bowl, has dramatically slashed its online ad spending in the U.S. and seen its ranking in Apple’s App Store plunge following President Donald Trump’s sweeping tariffs on trade partners.Temu, which is owned by Chinese e-commerce giant PDD Holdings, had been on an online advertising blitz in recent years in…

In a bid to inject AI into more of the programming process, OpenAI is launching Codex CLI, a coding “agent” designed to run locally from terminal software. Announced on Wednesday alongside OpenAI’s newest AI models, o3 and o4-mini, Codex CLI links OpenAI’s models with local code and computing tasks, OpenAI says. Via Codex CLI, OpenAI’s models can write and edit code on a desktop and take certain actions, like moving files. Codex CLI appears to be a small step in the direction of OpenAI’s broader agentic coding vision. Recently, the company’s CFO, Sarah Friar, described what she called the “agentic…

OpenAI announced on Wednesday the launch of o3 and o4-mini, new AI reasoning models designed to pause and work through questions before responding. The company calls o3 its most advanced reasoning model ever, outperforming the company’s previous models on tests measuring math, coding, reasoning, science, and visual understanding capabilities. Meanwhile, o4-mini offers what OpenAI says is a competitive trade-off between price, speed, and performance — three factors developers often consider when choosing an AI model to power their applications. Unlike previous reasoning models, o3 and o4-mini can generate responses using tools in ChatGPT such as web browsing, Python code execution,…

When Michael Benjamin, principal research scientist in the MIT Center for Ocean Engineering, arrived at MIT 25 years ago, only professors and postdocs were allowed to touch the department’s underwater vehicles. The vehicles were expensive, he explains, and required extensive training to operate.“People were scared to death about losing or damaging them, [and] there was no education pipeline to teach students,” he says, adding that the introduction of class 2.680 (Marine Autonomy, Sensing, and Communication) changed this a lot, by creating a class where undergraduate and graduate students could learn to write autonomy code, and run their software on robots on the Charles River.…

Dogecoin (CRYPTO: DOGE) was created as a joke by two friends in 2013. Cryptocurrency was becoming very serious back then with the rise of Bitcoin, and they wanted to lighten the mood. The Doge meme was sweeping the internet at the time, and they used it as inspiration to launch Dogecoin. It went on to become one of the world’s most valuable cryptocurrencies in 2021 when its market capitalization topped $90 billion, helped by influential figures like Elon Musk who started promoting it online. But Dogecoin failed to find a real use case, and since speculative frenzies never last, the…

The Spotify logo is displayed on a screen on the floor of the New York Stock Exchange on Dec. 4, 2023.Brendan Mcdermid | ReutersSpotify was down Wednesday, with about 50,000 reports of an outage on DownDetector.The company posted an all-clear to Twitter just after noon EDT, thanking listeners for their patience.”Spotify experienced an outage today beginning around 6:20am EDT. As of 11:45am EDT, Spotify is back up and functioning normally,” the company said in a statement.The music-streaming giant did not provide additional details about the scope of the outage.Users peppered the replies to the company’s outage announcement with frustrations and…

The crypto bull run may have ended, with the market poised for a winter characterized by prolonged losses and stagnation, according to Coinbase’s institutional arm. “The 200DMA model on bitcoin does suggest that the token’s recent steep decline qualifies this as a bear market cycle starting in late March. But the same exercise performed on the COIN50 index (which includes the top 50 tokens by market capitalization) shows the asset class as a whole has been unequivocally trading in bear market territory since the end of February,” David Duong, global head of research at Coinbase Institutional, said in a note…

Electricity demand should prove resilient even if President Donald Trump’s trade war triggers a recession, according to Morgan Stanley. “We believe power demand trends are more durable than in prior cycles, in part due to the inelasticity of data center demand,” analysts led by Andrew Percoco told clients in a Monday note. “Industrial demand could decline in the near term, but reshoring of manufacturing is a long-term tailwind.” Wall Street’s bullish outlook for power demand has been a key pillar of the investment case for many energy stocks over the past 12 months. Morgan Stanley, for example, sees electricity consumption…