Alibaba and Tencent increase AI spending amid chip shortages

The post Bitcoin Sees Unexpected Growth Amid High-Level US-China Talks appeared on BitcoinEthereumNews.com. The recent summit between US President Donald Trump and Chinese President Xi Jinping, held in Beijing on May 14–15, was a critical event as both nations attempted to navigate through mounting economic frictions. A side effect of the diplomatic discussions was an unexpected rise in Bitcoin‘s value, which increased by 2.3 percent, reaching $96,800. Continue Reading:Bitcoin Sees Unexpected Growth Amid High-Level US-China Talks Source: https://en.bitcoinhaber.net/bitcoin-sees-unexpected-growth-amid-high-level-us-china-talks

Officials have announced “first of its kind” AI intended to boost operations, including real-time security cameras and city-run 5G broadband. The software will also let residents see financial documents.

The post EU-China trade: Pragmatic stance and targeted risks – Standard Chartered appeared on BitcoinEthereumNews.com. Standard Chartered economists Christopher Graham and Carol Liao discuss the EU’s widening trade deficit with China, highlighting the autos sector as a key example of the imbalance. They note EU efforts to expand its trade policy toolkit and industrial strategy, while expecting China to maintain a restrained, pragmatic approach that preserves trade ties but leaves room for targeted actions. EU weighs broader trade policy response “EU officials are growing increasingly concerned with the bloc’s widening trade deficit with China. Although largely due to higher import volumes, it is also being driven by weakening export volumes to China.” “The autos sector has become symbolic of this trade shortfall, with EU vehicle imports from China increasing 10-fold since 2019, while EU exports to China have fallen sharply in the past few years.” “EU officials have cited overcapacity i

The post South Korea's biggest exchange fights deepfake fraud wave appeared on BitcoinEthereumNews.com. Bithumb, South Korea’s largest cryptocurrency exchange by trading volume, put out an anti-phishing guide on May 14. The warning centers on AI-powered voice and video scams targeting people who hold digital assets. The campaign goes by “Voice Phishing Complete Guide.” It’s part of the exchange’s Information Protection Day push. Focus is on deepfake and deepvoice fraud, where criminals use artificial intelligence to copy the voices and faces of family members, exchange staff, or government officials during live calls, according to DigitalToday. AI-assisted fraud aimed at crypto investors has gotten more sophisticated over the past year. In one case cited by both DigitalToday and The Crypto Times, someone in Hong Kong got tricked by an AI-generated video conference and lost about 40 billion won. That’s equivalent to around $29 million. Fraudsters impersonate support staff and relatives

The post Dune cuts 25% of staff to sharpen focus on AI and institutional data products appeared on BitcoinEthereumNews.com. Dune cut 25% of its staff this week as the crypto data platform restructures around AI powered analytics and institutional demand for onchain data. We’re restructuring Dune to sharpen our focus around the core data products thousands of customers across the crypto industry rely on. That unfortunately means we’ve let 25% of the team go this week. These are exceptional people I can wholeheartedly recommend — ping me if you’re… — hagaetc (@hagaetc) May 14, 2026 CEO and co-founder Fredrik Haga said the layoffs are part of a move to sharpen Dune’s focus on the core data products used across the crypto industry. He said the company remains well capitalized and will focus on two major shifts: AI and institutions moving onchain. The restructuring comes as Dune expands its AI product stack. The company recently introduced Dune MCP, a Model Context Protocol server that give

The post Scott Bessent says China will quietly pressure Iran to reopen Strait of Hormuz appeared on BitcoinEthereumNews.com. U.S. Treasury Secretary Scott Bessent said China is expected to press Iran privately to get the Strait of Hormuz open again, because Beijing is sitting right in the middle of the oil problem. Scott said on Thursday that China has more at stake than the United States because it buys a huge amount of crude from the Middle East and gets nearly all of Iran’s exported oil. He told Joe Kernen, “It’s very much in their interest to get the strait reopened.” Scott then added, “I think they will be working behind the scenes to the extent anyone has any say over the Iranian leadership.” China is the world’s biggest crude oil importer. In the year 2024, roughly 10% of its crude oil imports were from Iran, while over 50% of all imports were from the Middle East, according to the U.S. Energy Information Administration. As Scott pointed out, almost every barrel Iran exports to

The post Anthropic Launches Claude AI Tools for Small Businesses appeared on BitcoinEthereumNews.com. Luisa Crawford May 13, 2026 16:30 Anthropic’s Claude for Small Business integrates AI into tools like QuickBooks, HubSpot, and Canva, offering 15 workflows to streamline operations. Anthropic has unveiled Claude for Small Business, an AI-driven solution designed to integrate seamlessly into the tools small businesses already use. The package includes connectors and workflows tailored to automate tasks across finance, marketing, operations, HR, and more—potentially leveling the playing field for smaller companies often left behind in AI adoption. Small businesses make up 44% of U.S. GDP and employ nearly half of the private-sector workforce, yet their uptake of AI has lagged. According to Anthropic, this is primarily due to tools that aren’t adapted to their workflows. With this launch, Anthropic aims to address that gap by embedding its Claude AI into platforms like I

As the focus shifts from testing AI in research labs to real-world use, agencies must implement it responsibly through continued testing.