Winklevosses’ Gemini Posts Another Loss, Revenue Increases
THE SO WHAT
Four consecutive post-IPO losses with growing revenue is the classic crypto platform bind — user and volume growth without clear unit economics. If you’re exposed to listed digital-asset platforms, underwrite them on fee durability and regulatory risk, not just top-line recovery.
READ THE SOURCE
MORE FROM THE WIRE
Deep & Emerging Tech$130 billion worth of AI data center projects were cancelled or delayed in Q1 2026 — developers sick of losing are fighting back, and are already finding victory
$130B in delayed or canceled AI data centers and 59% local opposition make community and permitting risk as material as chip supply. If you rely on hyperscale capacity, start treating siting politics and grid constraints as first-class inputs to your capacity planning.
Deep & Emerging TechMore than half of Gen Z redirected money away from investing and toward sports betting over the past year
Gen Z reallocating capital from investing to sports betting is a structural headwind for traditional wealth platforms and a tailwind for high-churn, high-ARPU wagering products. If you’re in consumer finance, your competition for wallet share is DraftKings and FanDuel, not just other brokerages.
Deep & Emerging TechWorld-first autonomous ‘end-to-end’ AI attack against Taiwan tied to Chinese hackers — and the scariest part is that it was fully open source
An autonomous, end-to-end AI-driven cyberattack built entirely from open source tools moves AI-enabled offense from theory into practice. Security teams need to assume adversaries can chain LLMs and automation for recon, exploitation, and persistence — and start testing defenses against agentic attack patterns, not just static malware.
Deep & Emerging TechMicrosoft Ups Investment in Polluting AI, but Cuts Down Carbon Removal by 80%
AI driving a 25% emissions increase while carbon removal spend drops 80% shows how quickly sustainability commitments can get outpaced by compute demand. If you’re planning large AI workloads, treat power mix and carbon accounting as first-order constraints now—not a CSR line item later.