News linked to both this project and an event.
Odaily OpenAI CEO Sam Altman stated at Stripe Sessions that OpenAI aspires to become an infrastructure company that is "permanently low-profit, yet massive and fast-growing," offering products akin to "smart meters" that allow anyone to purchase them to automate businesses, develop products, or embed them into their own services. He compared OpenAI to Stripe, noting that their model is usage-based billing, and as the internet scales, both Stripe and its users benefit.Altman revealed that OpenAI has already signed 20-year contracts for electricity and land to support this goal. He acknowledged that switching costs in AI are low, and the recent massive influx of users from competing programming tools to Codex proves that the smarter AI becomes, the easier it is to switch platforms. He pointed out that while some companies might try to capture the entire industry chain, OpenAI does not plan to do so, believing that models and data centers are a whole, and other companies can build products on top of them.Altman also emphasized that businesses should not overestimate AI's impact on existing business structures. Although AI has changed many existing processes, good products will still survive in the market. He specifically mentioned that Shopify CEO Toby Lütke is the best AI adopter he has ever seen.
According to Fox News, the U.S. Federal Bureau of Investigation (FBI), in collaboration with law enforcement agencies in Dubai, China, and Thailand, conducted a large-scale multinational joint operation that successfully dismantled at least nine overseas cryptocurrency scam centers and arrested 276 suspects, involving millions of dollars in illicit funds. In this operation, the U.S. District Court for the Southern District of California filed federal charges of wire fraud and money laundering against six suspects. Those charged include nationals from Myanmar and Indonesia, who operated scam organizations under names such as “Sanduo Group” and “Giant Company.” Dubai police arrested 275 suspects, while the Royal Thai Police apprehended one additional fugitive. These scam networks employed the “pig-butchering” scheme—building fake friendships or romantic relationships to gain victims’ trust, then luring them into transferring funds to fraudulent cryptocurrency investment platforms, after which the proceeds were laundered and transferred to criminal accounts. This operation aligns with the executive order signed by Trump on March 6, 2026, aimed at combating overseas criminal networks that exploit U.S. citizens. The FBI’s dedicated initiative, “Operation Level Up,” has notified approximately 9,000 victims and recovered roughly $562 million in losses for U.S. citizens. The FBI urges victims to report incidents through the Internet Crime Complaint Center (IC3).
According to The Block, TD Cowen analysts Lance Vitanza and Jonnathan Navarrete reiterated their “Buy” rating on UK-listed Smarter Web Company, maintaining their price target at £1 (approximately $1.36). The analysts noted that the company recently acquired additional bitcoin for approximately £57,000 (about $77,000), effectively lowering its marginal holding cost. Its leverage ratio of roughly 8% is considered relatively conservative compared to peers. Smarter Web currently holds 2,750 BTC, making it the largest corporate bitcoin holder in the UK and the 27th-largest publicly disclosed bitcoin treasury globally. However, with bitcoin’s current price hovering around $77,600—significantly below the company’s average acquisition price of $110,800—its holdings are sitting on an unrealized loss of approximately $91.1 million, representing a decline of roughly 30%.