Big Tech | Crypto

The x402 protocol won't be owned by a single entity, with the Linux Foundation serving as the agentic AI protocol’s “neutral, non-profit home,” Coinbase said. Google, Microsoft and Amazon Web Services are among the Big Tech firms supporting the newly launched x402 Foundation, established to govern and standardize the x402 protocol for agentic AI payments on crypto and fiat rails.  The x402 Foundation was launched on Thursday by the open-source software development non-profit Linux Foundation with the help of Coinbase, the creators of the x402 protocol. Other companies expressing “initial intent and support” of the x402 Foundation include American Express, Mastercard, Visa, Cloudflare, Shopify, Stripe, Circle, Base, Polygon Labs, Solana Foundation, Thirdweb and KakaoPay. Read more

Big Tech companies' planned $500 billion war chest to dominate artificial intelligence could offer a lifeline to a Bitcoin mining industry teetering on the edge of capitulation. The headline numbers are eye-watering. Alphabet, Google’s parent, alone plans to spend as much as $185 billion this year. However, the capital surge will involve more than buying […] The post Bitcoin miners have the one thing AI still needs and Big Tech has $500 billion to buy it appeared first on CryptoSlate.

South Korean traders poured $259 million into Ether-hoarding firm BitMine in July, making it the country’s most-purchased overseas stock. South Korean retail investors are pivoting away from Big Tech stocks in the United States into high-risk, high-reward crypto-linked equities.  A Yonhap News Agency report citing data from the Korean Center for International Finance (KCIF) said the percentage of crypto-linked stocks in the top 50 net-bought stocks by South Korean investors rose from 8.5% in January to 36.5% in June before declining to 31.5% in July.  The report added that net purchases of the top US Big Tech companies dropped to $260 million in July, down 84% from a monthly average of $1.68 billion between January and April.  Read more

Superior agents are set to disrupt Big Tech’s monopoly on AI. Welcome to a decentralized revolution that democratizes access and reshapes industries. Superior agents bring advanced, self-improving intelligence to all. Opinion by: Jennifer Dodgson, co-founder of KIP Protocol and Eigenform AI The puppet show is ending. The Brookings Institution found that generative artificial intelligence may disrupt at least 50% of tasks performed by more than 30% of all workers. The same study also estimates that genAI may affect at least 10% of tasks performed by approximately 85% of the human workforce. The TL;DR from these stats? AI’s effects are likely to be both broad and deep. Read more