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Tech giants like to boast about trillion-parameter AI models that require massive and expensive GPU clusters. But Fastino is taking a different approach. The Palo Alto-based startup says it has invented a new kind of AI model architecture that’s intentionally small and task-specific. The models are so small they’re trained with low-end gaming GPUs worth less than $100,000 in total, Fastino says. The method is attracting attention. Fastino has secured $17.5 million in seed funding led by Khosla Ventures, famously OpenAI’s first venture investor, Fastino exclusively tells TechCrunch.  This brings the startup’s total funding to nearly $25 million. It raised…

What to know:Lyn Alden says a weaker dollar is necessary for the US to stabilize its financial system.Bitcoin and gold are well-positioned to benefit from de-dollarization.Sovereign wealth funds and various nations are already increasing their Bitcoin exposure as the dollar’s global dominance starts to wane.The weakening of the US dollar (DXY) is no longer headline news. With mounting disruptions across the US economy, a declining greenback has become part of the backdrop. Since the start of 2025, the US Dollar Index has dropped 11%, now hovering around levels last seen in April 2022. Markets have largely responded with a shrug.…

Hong Kong CNN  —  Throughout his second term, US President Donald Trump has trained his focus on a sprawling but sparsely populated island that stretches into the Arctic circle. The United States needs that island – Greenland, a territory of US ally Denmark – “very badly,” Trump said in an NBC interview that aired on Sunday, echoing comments he’s made repeatedly in recent months. “Greenland is a very small amount of people, which we’ll take care of, and we’ll cherish them, and all of that. But we need that for international security,” he said, while adding, when asked, that he…

Check out the companies making headlines in after-hours trading. AppLovin – The AI-powered marketing platform saw shares rallying 13% in extended trading after the company reported stronger-than-expected quarterly results. AppLovin’s posted an EPS of $1.67, higher than an LSEG consensus estimate of $1.45 per share. Revenue of $1.48 billion also came in above expectations. The company also announced it’s selling its mobile gaming business to Tripledot Studios for consideration of $400 million in cash and an approximately 20% ownership stake in Tripledot common equity. Arm Holdings – U.S. traded shares of the chip designer slid 9% after the company’s guidance…

Braden John Karony, the former CEO of crypto firm SafeMoon, made an out-of-court statement claiming innocence as his criminal trial began in New York.In a May 6 X post after court proceedings had likely ended for the day, Karony said he was innocent and “did not commit fraud” in response to media coverage of his trial. The former CEO, as well as SafeMoon creator Kyle Nagy and former chief technology officer Thomas Smith, were charged in 2023 for having allegedly “diverted and misappropriated millions of dollars’ worth” of the platform’s SFM token.According to reporting from the US District Court for…

Binance-affiliated BNB Chain has rebounded after a period of stagnation in 2023 amid accelerating institutional and decentralized finance (DeFi) adoption. During the past year, BNB Chain has benefited from multibillion-dollar inflows into DeFi, US exchange-traded funds (ETFs), and rising trading volume at affiliated centralized exchange (CEX) Binance. Consequently, the blockchain network’s native BNB token (BNB) has emerged as among the market’s most resilient cryptocurrencies, surpassing all-time highs in the first quarter of 2025 even as the broader crypto market trended downward. “This resilience isn’t just about price action — strong fundamentals also back it,” Joao Wedson, CEO of investing analytics platform Alphractal, said…

Arrests were underway late Wednesday as the NYPD moved in to clear about 100 pro-Palestinian protesters at Columbia University who took over Butler Library just days before final exams. Several hours into the protest, Acting President Claire Shipman authorized the NYPD to enter campus, on top of a limited number of arrests made by campus security who have the power to take in students. Shortly after, police began clearing the library, coming out with more than 75 protesters in zip ties who they said were trespassing. Some of the 20 arrested Pro-Palestinian protesters being brought out of Butler Library at…

Anthropic is launching a new API that allows its Claude AI models to search across the web. Developers using it can build Claude-powered apps that deliver up-to-date info, the company said in a press release published Wednesday. The rollout of the API comes as AI companies look to augment their models in various ways that might attract new customers to their platforms. For its part, Anthropic last week debuted a tool to connect applications to Claude as well as an expanded “deep research” capability that lets Claude search enterprise accounts, websites, and more. “Developers can now augment Claude’s comprehensive knowledge…

Key takeaways:Reclaiming the $2,200 level remains the first price challenge for ETH. ETH price could recover if the Pectra upgrade leads to a surge in DApp and Ethereum network activity. Ethereum successfully implemented a key network upgrade on May 7, but Ether (ETH) price and its derivatives metrics showed little response to the upgrade. The lackluster response surprised traders and led analysts to question whether ETH still has a real chance of climbing 22% to retake the $2,200 level.Ether 30-day futures annualized premium. Source: Laevitas.chThe ETH futures premium has remained below the 5% neutral threshold, indicating a lack of appetite from leveraged…

Onchain sleuth and security analyst ZachXBT claims to have identified an additional $45 million in funds stolen from Coinbase users through social engineering scams in the past seven days alone.According to the onchain detective, the $45 million figure represents the latest financial losses in a string of social engineering scams targeting Coinbase users, which ZachXBT said is a problem unique among crypto exchanges:”Over the past few months, I have reported on nine figures stolen from Coinbase users via similar social engineering scams. Interestingly, no other major exchange has the same problem.”Cointelegraph reached out to Coinbase but was unable to get…