News Square
Global Crypto News · Real-time Aggregation
📚 Deep Analysis
More →Ken Griffin Says AI Is 'Almost Certainly' in a Bubble—And Compares GPUs to Airline Seats
Ken Griffin, founder of the Wall Street giant Citadel, <a href="https://www.marketwatch.com/story/ai-stocks-are-probably-in-a-bubble-but-might-be-worth-holding-onto-says-citadels-ken-griffin-87f535ce" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">said</a> Tuesday that investors are “almost certainly” in an AI bubble—though he isn’t telling them to dump their AI stocks. “What’s left in the wake of these bubbles, if we want to use that word, is often game changing for the world. And the companies that are on the other side of that bubble are the market leaders for decades to come,” Griffin said at Citadel’s Future of Global Markets Conference in New York on Oct. 20 This reaches beyond tech investors, since the AI buildout has <a href="https://decrypt.co/359175/nvidia-earnings-steady-markets-ai-spending-debate-intensifies" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">underpinned equity markets</a> over the past year, so many index funds and retirement accounts hold a slice of it. A bubble is what happens when prices climb far faster than the businesses behind them can justify, until reality catches up. Citadel is a hedge fund, a private firm that invests money for wealthy clients and institutions. But the fact that it seems like a bubble isn’t <i>that</i> big a deal if you look at the big picture, according to Griffin. “Any radical transformation of our economy is generally intertwined with a bubble,” he said, recalling the internet boom and adding that he wishes he had kept his Amazon stock. The companies that emerge on the other side of a bubble tend to lead markets for decades, he argued, though he stopped short of predicting a collapse. His own firm is a case study: Griffin said AI agents, software that carries out multistep tasks on its own, cut some high-level Citadel research from weeks to a couple of hours. Griffin compared GPUs, the graphics chips that many companies use to train and run AI models, to airline seats. Both have a very low marginal cost to run, meaning the extra expense of serving one more customer is tiny, so prices can collapse once supply outstrips demand. He pointed to the telecom boom around 2000, when companies laid more fiber-optic cable than demand required and communication prices fell. He also doubted that chips five or six years old, which still earn rental rates he called extraordinary, will keep doing so for another five or six years. Buyers are getting pickier, Griffin said, sorting which jobs justify premium models from OpenAI and Anthropic and which can run on cheaper open-source alternatives, meaning models anyone can download and run on their own computers. Corporate America has been uneven at extracting value from AI, he added, with companies studying their bills from the labs and asking where the productivity is. Gartner forecasts worldwide<a href="https://www.gartner.com/en/newsroom/press-releases/2025-09-17-gartner-says-worldwide-ai-spending-will-total-1-point-5-trilli
The U.S. stock market is reassessing the sustainability of the AI boom, with the Nasdaq posting its biggest drop since June.
CoinWorld news: The U.S. stock market is reassessing the sustainability of the artificial intelligence boom, with the Nasdaq Composite Index falling 2.6% on Thursday, marking its largest single-day decline since June. Investors' concerns that the soaring spending in the AI sector is unsustainable led to a sharp selloff in U.S. technology stocks. Meanwhile, the Dow Jones Industrial Average, which is relatively concentrated in blue-chip stocks, edged up 0.02%. Several major AI-related stocks declined, with Meta (meta.o) falling 7% after the company disclosed that it will incur substantial additional spending commitments in the future. Although Meta's revenue grew significantly, its profit still fell short of Wall Street expectations. Analyst Navellier said the market is selling indiscriminately, throwing out the good along with the bad. Nvidia's CEO said that AI lacks sufficient capital to support the growth of so-called "neocloud" providers, companies that mainly supply digital infrastructure to large AI cloud computing firms such as Meta and Amazon. The Philadelphia Semiconductor Index plunged 6.7%. Given the continued turmoil in the AI sector this week, U.S. investors are turning to the bond market for safe haven to avoid riskier assets such as technology stocks. As funds poured into the bond market, U.S. Treasury yields fell sharply.
Trump invokes the Defense Production Act to boost oil production capacity.
CoinWorld news: Trump announced the invocation of the Defense Production Act, aimed at boosting the United States' oil production capacity. This move could have an impact on the global energy market.
Circle shareholders sue Trump and his family over involvement in crypto project
Coin World news, according to Bloomberg, Circle shareholder Benjamin Greenberg has filed a lawsuit in the Washington federal court against World Liberty Financial, a crypto project co-founded by U.S. President Trump and his family, alleging that Trump illegally profited through two transactions involving the UAE, violated the Foreign Emoluments Clause of the U.S. Constitution, and harmed Circle shareholders' interests through unfair competition. The transactions involved include an investment entity backed by members of the UAE royal family acquiring a 49% stake in World Liberty for $500 million, and Abu Dhabi's MGX fund using its stablecoin USD1 to complete a $2 billion investment in Binance. The plaintiff is seeking a court order to prohibit the relevant unconstitutional conduct, disgorge illegal gains, and award damages. Circle emphasized that the lawsuit was filed by a shareholder individually and that the company was not involved. World Liberty denied the allegations, stating that its business complies with U.S. laws and regulations.
US stock market reassesses the AI boom, Nasdaq posts its biggest drop since June.
According to CoinWorld news, the U.S. stock market is reassessing the sustainability of the artificial intelligence boom, with the Nasdaq index falling 2.6% on Thursday, marking its largest single-day decline since June. Investors are concerned about the massive investments technology companies are making in AI, causing several major AI-related stocks to decline, with Meta shares dropping 7%. Although Meta's revenue grew significantly, its profit fell short of Wall Street expectations. Analyst Navellier said the market is selling indiscriminately, throwing out the good along with the bad. Nvidia's CEO also said that AI lacks sufficient capital to support the growth of new cloud service providers. The Philadelphia Semiconductor Index plunged 6.7%. As funds flowed into the bond market, U.S. Treasury yields fell sharply.
AAVE v4's first batch of externally curated markets is now live, supporting borrowing of stablecoins against collateral assets.
According to a CoinWorld report, AAVE posted on X that the first batch of externally curated markets for AAVE v4 has gone live, and users can borrow rlusd, PYUSD, and ousd in three new markets on Ethereum using yield-bearing assets and blue-chip assets as collateral.
ChatGPT teaches Messi to play chess, but an incorrectly set up board leads to a forced loss in four moves.
According to Decrypt, Messi posted an advertisement on Instagram showing ChatGPT teaching him how to play chess. However, ChatGPT made an error when setting up the board, causing Messi to be doomed to lose within four moves. The advertisement showed that the kings and queens on both sides of the board were swapped, and ChatGPT suggested that Messi start with an opening that was almost certain to lose. The post garnered about 1.9 million likes and 19,600 comments within about a day of being published. OpenAI said that more than 1.2 billion people use ChatGPT every week. In the post, Messi mentioned that he asked ChatGPT to teach him an opening that matched his style, and ChatGPT proposed the suggestion of the "Goat Horn," alluding to Messi's nickname.
Avidia Bancorp Inc: Third-quarter net income rose to $31.2 million
CoinWorld news: Avidia Bancorp Inc has released its third-quarter financial report, with net income rising to $31.2 million.
The proportion of active buy trades in SOL perpetual contracts over the past 4 hours was 50.93%.
CoinWorld data: Over the most recent 4 complete hours, the taker buy volume share of the SOLUSDT perpetual contract was 50.93%, while the taker sell share was 49.07%, with taker buying prevailing. Compared with the same-methodology snapshot 24 hours earlier, it rose by 1.2246 percentage points; compared with the same-methodology snapshot 7 days earlier, it rose by 2.4945 percentage points.
Putin: Restarting the Russia-US-Ukraine trilateral talks is not just for a short-term ceasefire.
CoinWorld news, [Putin: Restarting the Russia-US-Ukraine trilateral talks is not merely for a short-term ceasefire] Cailian Press, October 23 — Russian President Vladimir Putin said on the 22nd that Russia and the United States have reached an agreement on restarting the Russia-US-Ukraine trilateral talks, and that the goal of the trilateral talks is not merely a short-term ceasefire. According to a message released that day on the Russian presidential news website, Putin said in an interview with Russian TV host Zarubin that through a meeting with US Presidential Special Envoy Witkoff, Russia and the United States reached an agreement on restarting the trilateral talks. The goal of the trilateral talks is to discuss how to ensure the security of Russia and Ukraine after a peace agreement is ultimately reached, rather than merely a short-term ceasefire. The Russian side is ready to resume contacts to achieve this goal.