Semiconductor exemptions from recent US tariffs are largely illusory. Most enter via finished products like servers, GPUs, laptops and phones. The supposed benefits of semiconductor exemptions are erased. Opinion by: Ahmad Shadid of O.xyz Semiconductors scored a rare exemption from US President Donald Trump’s aggressive reciprocal tariffs, but the relief is symbolic at best. Most semiconductors enter the US embedded in servers, GPUs, laptops, and smartphones. The finished goods remain heavily tariffed, some with duties reaching up to 49%. The exemption looks good politically but delivers little practical benefit. Nvidia’s DGX systems, crucial for training advanced AI models, do not fall under the exempted HTS codes. Nvidia could pay effective tariffs nearing 40% on these vital components. Such costs threaten to stall critical AI infrastructure projects across the country. Read more
OpenAI’s doomsday bunker plan, the “potential benefits” of propaganda bots, plus the best fake books you can’t read this summer. AI Eye.. In the last AI Eye, we reported that scientists from the four leading AI companies believe theres at least a 10% chance of AI killing around 50% of humanity in the next decade one scientist was buying farmland in the US Midwest so he could ride out the AI apocalypse. This week, it emerged that another doomsday prepper is OpenAI co-founder Ilya Sutskever. According to Empire of AI author Karen Hao, he told key scientists in mid-2023 that “we’re definitely going to build a bunker before we release AGI.” Artificial General Intelligence is the vaguely defined idea for a sentient intelligence smarter than humans. The underground compound would protect the scientists from geopolitical chaos or violent competition between world powers once AGI was released. Read more
The Senate is moving ahead on crypto regulation, and some senators have invested in crypto-related companies. As the question of stablecoin regulation heats up in the US Senate, so has the issue of which members are personally invested in cryptocurrencies and cryptocurrency firms. On May 19, the Senate voted to invoke cloture and move ahead with the GENIUS Act, which would provide a regulatory framework for stablecoins. The measure passed 66-32, with 16 Democrats supporting the bill. Democratic concerns over corruption and politicians’ ties to cryptocurrency firms made the bipartisan move controversial. After the vote was finished, Colorado Senator Michael Bennet introduced the STABLE GENIUS Act. The bill would prevent members of Congress from issuing or investing in digital currency and require them to put their crypto in a blind trust while in office. Read more
Crypto and art NFTs can help investors protect their purchasing power from ongoing fiat currency debasement, according to Raoul Pal. Cryptocurrencies and non-fungible tokens (NFTs) can help investors protect their eroding purchasing power during an era of exponential currency debasement, according to analysts and industry leaders. Investing in digital assets is becoming increasingly important in the “world of the exponential age and currency debasement,” according to Raoul Pal, founder and CEO of Global Macro Investor. “You don’t own enough crypto. When you do, you don’t own enough NFT’s, as art is upstream of wealth. Both will never be this cheap again,” Pal said. Read more
StarkWare’s Noam Nisan joins The Clear Crypto Podcast to demystify staking, explore its economic incentives and weigh the trade-offs between proof-of-work and proof-of-stake. What if a financial system could run itself not by burning electricity, but by rewarding good behavior? That’s the promise of staking, a mechanism that powers many modern blockchains by turning users into network operators. In this week’s episode of The Clear Crypto Podcast, hosts Gareth Jenkinson and Nathan Jeffay sit down with StarkWare’s Noam Nisan to unpack how this trustless engine works, why it matters and what’s really at stake. Jeffay began by highlighting how staking is part of the backbone that keeps the blockchain running, and runs itself, with volunteers. Read more
Bitcoin’s breakout is reviving memecoin mania, with FARTCOIN, POPCAT, and others flashing technicals with massive upside potential for the current bull cycle. Key takeaways: Memecoins like Fartcoin, WIF, SPX6900, and Popcat are outperforming Bitcoin in the short term amid renewed crypto market euphoria. Bullish technical patterns signal more upside for top-performing memecoins. Read more