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Source: Kraken is pursuing a full banking license in Europe, with a focus on Lithuania as the jurisdiction to secure it (Ian Allison/CoinDesk)

Ian Allison / CoinDesk : Source: Kraken is pursuing a full banking license in Europe, with a focus on Lithuania as the jurisdiction to secure it — Kraken, the cryptocurrency exchange planning to go public in the U.S., is pursuing a full banking license in Europe, with a focus on Lithuania as the jurisdiction to secure it … from Techmeme https://ift.tt/VDruexl via IFTTT

Meta rolls out Muse Image, the first image generation model from its Superintelligence Labs, in Meta AI; it will also power new tools in Instagram and WhatsApp (Meta Newsroom)

Meta Newsroom : Meta rolls out Muse Image, the first image generation model from its Superintelligence Labs, in Meta AI; it will also power new tools in Instagram and WhatsApp — Today, Meta is rolling out Muse Image, the company's first image generation model from Meta Superintelligence Labs, now available in Meta AI. from Techmeme https://ift.tt/Xd0OYUA via IFTTT

Sources: the US considers housing the Strategic Bitcoin Reserve at Commerce instead of Treasury amid concerns over Treasury's legal authority to manage it (Bloomberg)

Bloomberg : Sources: the US considers housing the Strategic Bitcoin Reserve at Commerce instead of Treasury amid concerns over Treasury's legal authority to manage it — The Trump administration's plan to create a Strategic Bitcoin Reserve has been complicated by two government departments vying to run it … from Techmeme https://ift.tt/v3YRNjK via IFTTT

Source: Xbox Game Pass currently has about 30M subscriptions; document: Microsoft had projected Game Pass subscriptions would reach around 77M this year (Ben Fritz/Wall Street Journal)

Ben Fritz / Wall Street Journal : Source: Xbox Game Pass currently has about 30M subscriptions; document: Microsoft had projected Game Pass subscriptions would reach around 77M this year — The videogame unit's revenue has fallen and its Netflix-like subscription service is far below expectations from Techmeme https://ift.tt/zaGp0Tq via IFTTT

Your family’s $300 stake in OpenAI

This story originally appeared in The Algorithm, our weekly newsletter on AI. To get stories like this in your inbox first, sign up here . OpenAI CEO Sam Altman’s oft-discussed promise that Americans will share in the wealth AI creates was in the news again last week. On Thursday, the Financial Times reported that Altman is in talks with President Trump about giving the US government a 5% stake in OpenAI. In some ways, Altman’s plan is old news. He wrote about a more radical version of this back in 2021 , proposing that all companies above a certain valuation (not just AI companies) pay 2.5% of their market value each year into a fund that sends Americans annual disbursements. In April this year, OpenAI described a narrower proposal that closely resembles what Altman is reportedly discussing with Trump now. And the notion has broad political appeal: Senator Bernie Sanders has proposed giving Americans a 50% stake in top AI companies. What’s the logic here? For would...

Kuo: suppliers plan to ship less than 1M iPhone fold units in 3Q26, which may push the start of device pre-orders and sales to Q4, with weeks of delivery delays (Ming-Chi Kuo)

Ming-Chi Kuo : Kuo: suppliers plan to ship less than 1M iPhone fold units in 3Q26, which may push the start of device pre-orders and sales to Q4, with weeks of delivery delays — My latest industry survey indicates that assembly shipments for the foldable iPhone in 2H26 will be roughly 7-8 million units … from Techmeme https://ift.tt/FTLCI5q via IFTTT