Nvidia insiders, including CEO Jensen Huang, have sold over $1 billion worth of company stock in the past year, capitalizing on the booming investor interest in artificial intelligence. A significant portion, exceeding $500 million, was sold this month alone, coinciding with Nvidia’s share price reaching record highs. This recent surge in sales follows Huang’s first-ever sale of his shares. The Financial Times reported this increased trading activity reflecting executives potentially taking advantage of the current market enthusiasm surrounding Nvidia’s advancements and dominance in the AI chip market.
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US SEC to Move Away from Requiring Crypto Firms to Register as Trading Systems, Chief Says
Acting SEC Chairman Mark Uyeda has signaled a potential shift in the agency’s approach to regulating cryptocurrency firms. He directed staff to explore abandoning a 2022 proposal that would have classified some crypto platforms as alternative trading systems (ATS).
The original proposal aimed to broaden the definition of ATS, potentially subjecting certain crypto firms to increased oversight and stricter regulations. This move drew criticism from the crypto industry, which feared the impact of additional compliance burdens.
Uyeda’s directive suggests a reconsideration of the SEC’s regulatory strategy, potentially easing concerns within the cryptocurrency sector. The decision to re-evaluate the proposal reflects ongoing debate on how best to balance investor protection with fostering innovation in the digital asset space. The abandonment of the rule could signal a more cautious approach to crypto regulation by the SEC.
Ubisoft Is Delaying Some of Its ‘Biggest’ Games After Assassin’s Creed Shadows’ Success
Ubisoft has announced delays for some of its major upcoming titles, pushing their release windows to fiscal years 2026-27 and 2027-28. This decision, revealed during the company’s FY 2025 earnings call, aims to provide additional development time and ensure the games are released under the “best conditions for success.” Specific titles were not disclosed.
While Ubisoft celebrated the promising performance of Assassin’s Creed Shadows, the company reported a decline of over 20 percent in net bookings for FY 2024-25. CEO Yves Guillemot stated that the company reviewed its release schedule, leading to the decision to delay certain productions. This move reflects Ubisoft’s commitment to quality and a strategic approach to its future releases, despite current financial results.
Runway Unveils Game World, an AI Platform That Lets Users Generate Video Games
Runway, a video AI startup, is venturing into gaming with its new platform, Game World. While the microsite is live, the actual games are yet to be launched. The New York-based firm plans a phased rollout, initially offering text and image-based gaming experiences. Later this year, Runway aims to expand into full-fledged video games powered by its AI technology.
Game World seeks to create AI-generated gaming experiences, potentially revolutionizing how games are developed and played. Runway is reportedly engaging with established gaming companies to explore how its technology can assist in the game development process. This move signals Runway’s ambition to disrupt the gaming industry by integrating AI into creation and gameplay.
India Added 4.7 Million Web3 Developers in 2024, Set to Surpass US: Hashed Emergent
India is rapidly becoming a Web3 powerhouse, poised to overtake the US as the largest developer hub by 2028. The India Web3 Landscape Report (2024) highlights a significant 28% growth in India’s Web3 developer community in 2024, with over 4.7 million new developers joining GitHub. This surge demonstrates India’s increasing dominance in the Web3 space, accounting for 17% of all new Web3 developers globally last year.
Currently holding the world’s second-largest crypto developer base, India represents 11.8% of the global community. This growth is fueled by a combination of factors, including a large pool of tech talent, increasing internet penetration, and growing government support for blockchain technology. The report suggests a continued upward trajectory for India’s Web3 ecosystem, solidifying its position as a key player in the decentralized future.
Despite a delay in the highly anticipated release of Grand Theft Auto VI until next year, Take-Two Interactive Software’s stock remains strong, trading near record highs. This resilience isn’t solely reliant on GTA; investors are optimistic about the company’s broader portfolio. Upcoming releases like Borderlands 4 are generating significant buzz and expectations of becoming blockbuster hits. This diversified pipeline is buffering any disappointment stemming from the GTA VI delay, showcasing confidence in Take-Two’s overall strategic direction and its ability to deliver successful gaming experiences beyond its flagship franchise. The market’s reaction indicates a belief in Take-Two’s long-term growth potential, driven by a diverse range of high-quality game releases.
Qwen VLo Image Generation AI Model Released, Offers Image Generation and Editing for Free
Alibaba’s Qwen team has launched Qwen VLo, a significant upgrade to their existing Qwen 2.5 vision language model. This new AI image generation tool supports both creating images from text prompts (text-to-image) and modifying existing images (image-to-image).
A key feature of Qwen VLo is its multilingual support, accepting text prompts in languages like English and Chinese. Beyond simple image generation, the model excels at performing inline edits on both newly generated and uploaded images. This functionality allows users to refine and customize visuals with precision.
With these advancements, Qwen VLo offers a versatile and powerful tool for image creation and manipulation, pushing the boundaries of AI-powered visual design and accessibility for a global user base.
Thailand Approves USDT and USDC for Crypto Trading and Banking Settlements
Thailand is expanding its regulated cryptocurrency framework, aiming to foster safe and legitimate digital asset trading. The Securities and Exchange Commission (SEC) has added stablecoins USDT and USDC to its approved trading list, which already includes established cryptocurrencies like Bitcoin, Ether, Ripple, and Stellar.
This move reflects Thailand’s commitment to creating a clear regulatory environment for crypto adoption within the country. By approving stablecoins, the SEC aims to provide traders with access to assets perceived as more stable and secure, facilitating smoother transactions and settlements within the regulated financial system. The SEC’s focus is on distinguishing credible and low-risk cryptocurrencies, encouraging responsible trading practices and protecting investors from potential scams or volatile assets. This approach paves the way for broader integration of digital assets into Thailand’s financial ecosystem.
PS Plus Game Catalog Adds Sand Land, Soul Hackers 2, Stalker Trilogy and More in May
Sony’s PlayStation Plus Game Catalog is getting a fresh injection of titles this May, headlined by the action-RPG “Sand Land,” adapted from the beloved manga series. PS Plus Extra and Deluxe subscribers can delve into this and other new additions.
The diverse lineup includes the RPG “Soul Hackers 2,” providing a deep dive into a strategic world. For horror fans, “Five Nights at Freddy’s: Help Wanted – Full Time Edition” promises intense scares. Action enthusiasts can jump into the classic first-person shooter “Battlefield 5.” And survival horror aficionados are catered for with the inclusion of “Stalker: Legends of the Zone Trilogy.” This selection offers a range of experiences for PlayStation gamers this month.
Apple Reportedly Considering Powering Siri Using Anthropic or OpenAI’s AI Models
Apple is reportedly considering outsourcing the AI powering Siri’s new features, a move suggesting challenges in scaling its own AI development. Instead of relying solely on in-house models, the company is exploring partnerships with AI leaders Anthropic and OpenAI.
According to reports, Apple has approached both companies, requesting custom-trained versions of their existing AI models specifically for Siri. This potential collaboration would allow Apple to rapidly integrate advanced AI capabilities into its voice assistant, potentially enhancing its understanding and responsiveness.
This decision to outsource marks a shift in strategy. Should Apple proceed, it signals a recognition of the significant resources and expertise required to compete in the rapidly evolving AI landscape. By leveraging external AI solutions, Apple could accelerate innovation and deliver improved Siri experiences to its users sooner.
