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Walmart and Amazon Are Exploring Issuing Their Own Stablecoins

3 weeks ago
Walmart and Amazon are exploring the possibility of issuing their own stablecoins in the United States, WSJ reported Friday, potentially shifting billions of dollars in transaction volume away from traditional banks and card networks. The retail giants, along with Expedia Group and several airlines, have recently discussed launching corporate stablecoins that would allow them to circumvent the existing payments infrastructure dominated by Visa and Mastercard. The companies' final decisions hinge on passage of the Genius Act, legislation currently moving through Congress that would establish a regulatory framework for stablecoins. These digital currencies maintain a one-to-one exchange ratio with dollars and are backed by cash or Treasury reserves, offering merchants the potential for faster payment settlement and significantly reduced processing fees compared to traditional card transactions that can take days to clear.

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I'm just a Barbie Girl in a ChatGPT world

3 weeks ago
Mattel-OpenAI deal paves the way for an AI beach-off

Toy giant Mattel has signed a deal with OpenAI to bring the tech industry's buzziest technology to the very youngest generation.…

Iain Thomson

Google's Test Turns Search Results Into an AI-Generated Podcast

3 weeks ago
Google is rolling out a test that puts its AI-powered Audio Overviews on the first page of search results on mobile. From a report: The experiment, which you can enable in Labs, will let you generate an AI podcast-style discussion for certain queries. If you search for something like, "How do noise cancellation headphones work?", Google will display a button beneath the "People also ask" module that says, "Generate Audio Overview." Once you click the button, it will take up to 40 seconds to generate an Audio Overview, according to Google. The completed Audio Overview will appear in a small player embedded within your search results, where you can play, pause, mute, and adjust the playback speed of the clip.

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Larry Ellison is still not the world's richest person

3 weeks ago
Oracle’s 80-year-old co-founder pulls off a $25 billion cloud day to leapfrog Zuck and Bezos into the No. 2 spot

Oracle co-founder and CTO Larry Ellison has reclaimed the No. 2 spot on Forbes's real-time billionaire list, trailing only Elon Musk after leapfrogging Mark Zuckerberg and Jeff Bezos.…

Lindsay Clark

The Audacious Reboot of America's Nuclear Energy Program

3 weeks ago
The United States is mounting an ambitious effort to reclaim nuclear energy leadership after falling dangerously behind China, which now has 31 reactors under construction and plans 40 more within a decade. America produces less nuclear power than it did a decade ago and abandoned uranium mining and enrichment capabilities, leaving Russia controlling roughly half the world's enriched uranium market. This strategic vulnerability has triggered an unprecedented response: venture capitalists invested $2.5 billion in US next-generation nuclear technology since 2021, compared to near-zero in previous years, while the Trump administration issued executive orders to accelerate reactor deployment. The urgency stems from AI's city-sized power requirements and recognition that America cannot afford to lose what Interior Secretary Doug Burgum calls "the power race" with China. Companies like Standard Nuclear in Oak Ridge, Tennessee are good examples of this push, developing advanced reactor fuel despite employees working months without pay.

Read more of this story at Slashdot.

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