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America's Open Source AI Gambit: Two Labs, One Question—Can the US Compete?

Two American AI labs recently launched open-source models with distinct strategies to enhance US competitiveness against China's advancements in AI. Deep Cogito introduced Cogito v2.1, a 671-billion-parameter model, which the company claims is superior among US offerings. However, it utilizes a forked version of the Chinese Deepseek model, triggering discussions about the efficacy of U.S. advancements. In contrast, the Allen Institute for AI unveiled Olmo 3, claiming it as the first fully open reasoning model at its scale, ensuring transparency with complete training data and code open to public scrutiny. This approach emphasizes the need for the U.S. to rebuild its AI infrastructure independently rather than relying on foreign models. Both strategies highlight significant challenges in maintaining technological sovereignty and address concerns over U.S. firms' dependency on Chinese AI resources. The ongoing developments emphasize the importance of evolving competitive strategies in the AI landscape.

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Kalshi’s valuation marked up to $11B after $1B funding round

Kalshi, a prediction market platform, has raised an additional $1 billion from notable venture capital firms, including Sequoia Capital and CapitalG, increasing its valuation to $11 billion. This funding round marks Kalshi's entry into the elite group of startups valued over $10 billion, joining rivals like Polymarket. The

Tether’s Gold Hoard Surges to 116 Tons, Rivals Small Central Banks

Tether has emerged as a significant player in the gold market, accumulating at least 116 tons of gold, making it one of the largest non-central bank holders globally. According to a report by investment bank Jefferies, Tether's recent gold purchases have contributed to a tighter supply and a

Myriad Moves: Markets Grow Bearish on Bitcoin and Ethereum as Rate Cut Odds Tumble

The cryptocurrency market is experiencing a bearish trend as Bitcoin and Ethereum prices continue to decline, leading predictors on Myriad to adjust their outlooks significantly. Bitcoin has dropped to below $87,000, marking a decline of over 30% since its all-time high of $126,000 in early October. Predictors now

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