
Meta to shutter Horizon Worlds metaverse on VR in favor of mobile
Mark Zuckerberg's Meta is dropping VR support for its flagship metaverse world, which it launched in 2021 as part of the company's big gamble on virtual worlds.
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Mark Zuckerberg's Meta is dropping VR support for its flagship metaverse world, which it launched in 2021 as part of the company's big gamble on virtual worlds.

Is the SEC's current strategy of 'no-action' letters creating a fragmented and uneven playing field for crypto innovators? Coin Center, a leading crypto policy think tank, argues the SEC needs to shift gears and prioritize clear, overarching regulations to foster a fair and transparent market.

The U.S. government has escalated its concerns regarding Anthropic, a leading AI company, by officially labeling it an 'unacceptable risk' to national security. This designation stems from fears that Anthropic might prioritize its own objectives over national interests, particularly in times of conflict, sparking a legal battle over supply chain security.

The Securities and Exchange Commission is considering establishing 'safe harbor' exemptions for cryptocurrency companies, potentially offering a pathway to regulatory clarity and fostering innovation. This move could significantly alter the landscape for crypto startups seeking to raise capital within the US.

In a closely watched Illinois Senate primary, Lieutenant Governor Juliana Stratton secured a decisive victory over Representative Raja Krishnamoorthi, despite a massive influx of crypto-backed funding supporting her opponent. The outcome signals a potential shift in the influence of digital currency interests in state-level elections.

Cryptocurrency e-commerce platform Bitrefill has confirmed a sophisticated cyberattack, pointing fingers at the notorious North Korean hacking collective, Lazarus Group. The breach exposed sensitive customer purchase records and led to a loss of funds, highlighting the persistent vulnerability of even security-conscious crypto businesses.

The U.S. government is digging in its heels against Anthropic, claiming the AI firm poses a significant security risk to national defense. This legal battle could cost Anthropic billions and reshape the landscape of AI adoption within the military.

After months of navigating complex export restrictions, Nvidia is poised to resume shipments of its H200 processors to select Chinese customers. CEO Jensen Huang confirmed that purchase orders are in hand, signaling a significant shift in the company's strategy in the world's second-largest economy.

Nvidia's CEO, Jensen Huang, is placing a significant wager on OpenClaw, hailing it as a revolutionary force in artificial intelligence. This open-source platform empowers AI agents to autonomously execute tasks, learn, and improve, potentially transforming how we interact with technology.

The burgeoning prediction market, Kalshi, is under intense legal scrutiny in Arizona, facing criminal charges that allege illegal gambling practices. This escalation marks a significant turning point in the ongoing battle between states and these innovative, yet controversial, platforms.

Tesla is expanding ties with LG Energy Solution to include a $4.3 billion deal for U.S.-produced cells for energy storage systems from Michigan.

Meta is shutting down Horizon Worlds on its Quest VR headsets, signaling a significant retreat from its initial metaverse ambitions. The move underscores a broader shift in focus towards AI and other technologies, leaving some questioning the viability of Meta's VR strategy.

In a move signaling a potentially seismic shift in cryptocurrency oversight, the SEC has indicated it will treat the majority of crypto assets as non-securities under federal law. This interpretive guidance, a first step since collaborating with the CFTC, aims to clarify the regulatory landscape amidst ongoing legislative efforts to define digital asset market structures.

Elon Musk and the Securities and Exchange Commission (SEC) are reportedly engaged in discussions that could lead to a settlement in the lawsuit filed against Musk regarding his acquisition of Twitter. The SEC alleges that Musk violated securities laws during the lead-up to the $44 billion deal, potentially disadvantaging other investors.

It's the latest salvo in an escalating battle between state regulators and an industry that claims it's not beholden to them.

Negotiations surrounding the stalled crypto market structure bill in the Senate have shown signs of progress, potentially paving the way for new regulations. Senator Tim Scott indicated that a revised draft, addressing key issues like stablecoin yield, could emerge soon, signaling a potential breakthrough in the long-standing legislative stalemate.

French AI startup Mistral is challenging the dominance of OpenAI and Anthropic with a novel approach: providing enterprises with the tools to build their own custom AI models. The new 'Forge' platform allows businesses to train AI from scratch, using their proprietary data, promising greater control and relevance.

Lawmakers are moving to restrict prediction markets, citing concerns that individuals with privileged information are exploiting platforms like Polymarket for financial gain amidst escalating tensions between the US, Israel, and Iran. The proposed legislation aims to prevent betting on sensitive government operations and potential acts of war, raising questions about the future of these controversial platforms.

Garry Tan, head of Y Combinator, is pushing the boundaries of AI-assisted coding with his open-source 'gstack' setup, designed for Anthropic's Claude. But is this a revolutionary leap forward, or just another case of Silicon Valley hype? Critics are divided, questioning the tool's uniqueness and real-world value.

As a simulated war with Iran rages, the Pentagon briefing room becomes a battleground of its own. Secretary Hegseth clashes with veteran journalists while seemingly favoring outlets aligned with a particular narrative, raising concerns about transparency and the flow of information during a critical time.

China is reportedly escalating its oversight of Meta's $2 billion acquisition of Manus, a Singaporean AI startup with Chinese origins. This move underscores Beijing's determination to retain its domestic AI talent and technology within its borders, raising concerns about potential restrictions on cross-border deals.

In a move that could reshape institutional finance, Moody's is now delivering its trusted credit ratings directly onto the blockchain. This pioneering integration with the Canton Network marks a significant step towards bridging traditional risk assessment with the burgeoning world of decentralized finance.

The Beats Studio Pro, despite showing their age, are currently available at a significantly reduced price, igniting interest among budget-conscious audiophiles. This deep discount raises questions about their continued relevance in a market flooded with newer, more technologically advanced headphones.

As OpenAI eyes a potential public offering by year's end, the company is doubling down on its enterprise strategy, transforming ChatGPT into a core productivity tool. This strategic shift aims to capture a larger share of the lucrative business market amid intensifying competition from rivals like Google and Anthropic.
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DoorDash, traditionally known for delivering takeout, is now aggressively pursuing a new frontier: exclusive restaurant reservations. By acquiring hospitality tech company SevenRooms and forging partnerships with high-end eateries, DoorDash is vying for control of coveted dining spots, offering users access previously unavailable.

Allison Ellsworth's journey from struggling with health issues to building a beverage empire is a testament to the power of innovation and a digital-first strategy. Her apple cider vinegar-based soda, Poppi, not only disrupted the soda market but also secured a staggering $1.95 billion acquisition by PepsiCo.

Bitcoin's recent surge is facing a crucial test as the Federal Reserve prepares to announce its latest interest rate decision. Investors are keenly watching for signals about future monetary policy, with implications for both crypto and traditional markets. The Fed's stance on inflation, particularly in light of rising oil prices, will be pivotal.

The U.S. Securities and Exchange Commission has finally delivered much-anticipated clarity on crypto regulation, issuing a comprehensive framework that categorizes digital assets and specifies which fall under securities laws. This move, a significant departure from previous ambiguity, aims to foster innovation while safeguarding investors.

Bitcoin's resurgence above $70,000 is putting spot Bitcoin ETF investors on the cusp of profitability, potentially reigniting the crypto bull market. On-chain metrics and exchange data are aligning, suggesting a shift from selling pressure to renewed accumulation. Is this the start of the next major surge?

Apple's first-ever "background security improvement" fixes a vulnerability in its Safari browser running its latest software.