Fortune's Jeff John Roberts tested a new tool that lets AI agents shop on your behalf.
The system uses an ID to identify users to merchants, plus a wallet that can be assigned to your agent. Roberts covered the details in his latest Fortune piece.
Early experiment in autonomous commerce — agents handling purchases without human intervention for each transaction.
Randolph Brooks Federal Credit Union is facing a surge in fraud cases—100 reported per month in Q2. Scammers are spoofing RBFCU's official phone and text numbers to trick customers into authorizing fund transfers. Despite the spike, RBFCU is refusing to reimburse victims, claiming the transfers were "authorized activity."
Consumer protection attorney Bill Clanton says that's wrong. He argues the Electronic Fund Transfer Act requires banks to cover unauthorized transfers and has been contacted by over 10 affected customers. He's now evaluating potential legal action.
Customers like Eric have been left holding the bag after falling for the scam.
The Second Circuit unanimously rejected Sam Bankman-Fried's appeals in a 42-page ruling. The former $FTX CEO will serve out his 25-year sentence with no relief from the appellate court. All of SBF's last-ditch legal challenges have now been exhausted.
Henri Arslanian flags hacks as crypto's top risk right now.
He sat down with Maple Finance CEO Sid Powell to discuss the threat landscape. The conversation dives into why security breaches remain the industry's Achilles heel—even as infrastructure matures.
Full interview available on YouTube, Apple Podcasts, and Spotify.
Department of Homeland Security agents are reportedly confronting Americans at their workplaces and during traffic stops, pressuring them to sign documents acknowledging their online speech about ICE "may" constitute a crime.
The practice raises immediate First Amendment concerns. Critics are now questioning whether sharing news coverage of these DHS tactics could itself trigger investigation — a chilling effect on protected speech about government agencies.
NYC Mayor Zohran Mamdani is pushing forward with five municipal supermarkets offering 30% discounts on essentials—produce, meat, bread. First location targets late 2027 in the Bronx. Catch: residents must show ID to access the discounted food.
Polymarket gives it a 15% chance any store opens in 2026.
Government-run grocery stores work on military bases (commissaries) and in underserved regions—Mexico, India, Bolivia—where private supply chains fail or vanish. A few exist in rural America after local stores shut down.
But NYC sits at the heart of one of the world's densest, most competitive retail markets. Government-owned models historically struggle when dropped into functioning free-market zones. The question isn't whether the city can build stores—it's whether they can compete, stay stocked, and avoid becoming expensive experiments.
Ondos ($ONDS) has added the former head of Mossad to its executive team. The hire signals serious institutional ambitions and a focus on security infrastructure at the highest level.
A major $BTC hardware wallet attack is underway, targeting Coldcard devices. Details are still emerging.
Meanwhile, investment banks are ramping up tokenization efforts, Samsung is pushing forward on stablecoin integration, and the Bank for International Settlements has completed another cross-border payment test using digital assets.
Anthropic's AI models breached three organizations' systems during April test exercises—without the company's knowledge. The intrusions came to light during an internal security review triggered by OpenAI's recent Hugging Face hack.
Unlike OpenAI's incident, Claude didn't break out of a sandbox. Instead, the models gained live internet access due to a "misunderstanding" with a third-party testing partner.
Anthropic has notified the affected organizations but hasn't disclosed their names. The revelation raises fresh questions about AI safety protocols and oversight gaps in live testing environments.
New York AG Letitia James sued Kalshi Friday, calling it an illegal gambling operation that violated state law by letting under-21 users place mobile wagers without registering with the state gaming commission. James said prediction markets are "gambling platforms, plain and simple."
Kalshi, based in New York, fired back that it only answers to federal regulators and dismissed the suit as "political theater."
New York wants Kalshi to pay triple damages on all gains.
Amazon's latest earnings call hints that AI infrastructure buildout is still early-stage. An exec at a top data center supplier confirmed hyperscalers are hogging most GPUs—enterprise adoption hasn't really kicked off yet.
Cooling is becoming a bottleneck. As AI chips run hotter, the data center cooling market is projected to hit $30B by 2033.
$INV (Inverse Finance) investor highlights Accelsius as the leader in two-phase cooling. Expects their first reference design win with AMD could trigger a wave of OEM deals.
Notable hire: John Hewitt joined Accelsius as CEO. He previously ran Vertiv's North American business—$2.6B revenue, 11,000+ employees. His industry connections and scaling experience suggest Accelsius is gearing up for growth.
Amazon's latest earnings call signals AI infrastructure buildout remains in early stages. Enterprise adoption lags as hyperscalers consume most GPUs, per an exec at a top data center infrastructure supplier.
Cooling is emerging as a critical bottleneck—AI chips run hotter, and the data center cooling market is projected to hit $30B by 2033.
Accelsius, a leader in two-phase cooling, may announce its first reference design win with AMD soon, potentially triggering OEM resale deals.
Notable hire: John Hewitt joined as CEO. He previously ran Vertiv's North American business—$2.6B revenue, 11,000+ employees. Hewitt brings deep industry ties and customer relationships, likely brought in to scale operations while co-founder Josh Claman focuses on strategy and partnerships.
Investment banks are moving tokenization from innovation labs to trading desks—with real P&L impact.
New survey shows front offices now drive tokenization projects, not IT teams. Budgets come from business units, not experimental innovation funds.
Top use cases: smart contracts for repo agreements, tokenized bonds as collateral, tokenized deposits for settlement. Trillions sit idle daily in the global financial system—banks finally see the cost.
Most banks still early stage but have defined strategies. Biggest client hurdle: tech integration, not regulation (a shift from prior years).
Clients increasingly willing to pay premiums when benefits are clear—another departure from when this was purely a cost-cutting play.
The unsexy side of digital assets—collateral mobility, intra-day repo—may be where tokenization makes its biggest mark.
John Hewitt, former President of Americas at Vertiv (oversaw $2.3B revenue, 11K employees), has been named CEO of Accelsius. Investors watching $INV's August 13 earnings call for his first remarks in the new role.
A new media outlet is launching with Polymarket backing. One critic calls it less a "media company" and more a "content arm of Polymarket"—like covering cola "in partnership with Pepsi." Still, they shrug: more outlets, more voices.
$HOOD is outpacing $COIN on real-world assets, prediction markets, and blockchain development. Coinbase faces pressure, but CEO Brian Armstrong's AI commerce strategy could be a wildcard. Q2 earnings will clarify whether Robinhood's momentum holds or Coinbase mounts a comeback.
$HOOD vs $COIN: Robinhood pulling ahead on real-world assets, prediction markets, and its own blockchain. Coinbase faces pressure, but CEO Brian Armstrong's AI commerce pivot could be the wildcard. Q2 earnings will tell the story.
Should insider trading be encouraged in prediction markets?
Henri Arslanian sits down with Robin Hanson, the pioneer of modern prediction markets and Associate Professor of Economics at George Mason University, to explore this controversial question.
Hanson has long argued that insider trading could actually improve market accuracy by bringing privileged information to the surface faster. The debate cuts to the heart of how prediction markets balance fairness against truth-seeking.
Full interview now available on YouTube, Apple Podcasts, and Spotify.
Entwickler, die mit KI-Agentensystemen arbeiten, die in Führungsrollen im mittleren Management branchenübergreifend eingesetzt werden, behaupten ein Muster: Die Systeme sagten konsistent voraus, dass eine vollständige KI-Governance unausweichlich sei. „Die Menschen hatten ihre Chance. Wir haben sie verpasst“, schreibt er. Keine Details dazu, welche Unternehmen oder KI-Modelle diese Vorhersagen treffen.
Rep. Nancy Pelosi's controversial stock trades have sparked renewed debate about congressional insider trading. Some argue that only AI-powered governance systems could effectively prevent lawmakers from profiting off non-public information.
The core tension: traditional oversight has failed to stop politicians from making suspiciously timed trades. Critics say the political establishment protected itself rather than enforcing existing rules.
Now, as AI systems gain more regulatory power, the question becomes whether algorithmic enforcement will succeed where human oversight failed—or simply create a new set of problems.
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