Datavault AI has partnered with Perpetuals to list its real-world asset token programs on the Perpetuals exchange platform. The deal covers the MTB Copper project and has provisions for future expansion, with three programs carrying a combined targeted issuance of over $328 million. This partnership is expected to generate approximately $38 million in fees for Datavault AI.
In other news, XCENA, a chip startup, has raised $135 million in a Series B funding round at a valuation of $570 million. The company is betting that AI's biggest bottleneck isn't compute, but memory. Meanwhile, Animoca Brands has co-invested $1 million in AI trading protocol Superior.Trade under its recently-launched Minds Investment Programme.
Nvidia CEO Jensen Huang has hinted at a new hardware announcement in Taipei, revealing that Nvidia's Taiwan spending has ballooned to $100 billion annually. This comes as the company continues to play a significant role in the AI industry.
Regulatory developments include a new law in Connecticut that regulates the use and deployment of AI in consumer, employment, and government contexts. Employers must disclose the use of automated employment-related decision technology to employees and applicants. California Governor Newsom has also signed an executive order to confront the economic impacts of AI.
Key Takeaways
['Datavault AI partners with Perpetuals to list real-world asset token programs, targeting $328 million in issuance.', 'Partnership expected to generate $38 million in fees for Datavault AI.', 'XCENA raises $135 million in Series B funding at a $570 million valuation.', 'Animoca Brands co-invests $1 million in AI trading protocol Superior.Trade.', 'Nvidia CEO Jensen Huang hints at new hardware announcement.', 'Connecticut enacts law regulating AI use in employment and government contexts.', 'California Governor Newsom signs executive order on AI economic impacts.', 'Peter Schiff warns of a $1 trillion AI capex bubble.', 'Tamil Nadu Minister proposes 10-point action plan to promote AI in the state.']Datavault AI partners with Perpetuals for token trading
Datavault AI has partnered with Perpetuals to list its real-world asset token programs on the Perpetuals exchange platform. The agreement initially covers the MTB Copper project and includes provisions for future expansion to additional commodity programs. Three programs carry confirmed combined targeted issuance of more than $328 million.
Datavault AI signs deal with Perpetuals for commodity token trading
Datavault AI has signed a deal with Perpetuals to list real-world asset token programs on the Perpetuals exchange platform. The deal is expected to generate approximately $38 million in fees for Datavault AI. The token programs will be listed on regulated venues including PM MTF Ltd.
24/7 gold and copper trading
Datavault AI has joined Perpetuals to offer 24/7 global trading of gold, copper, geothermal energy, and critical minerals across five RWA programs. The agreement covers $328M+ in confirmed commodity token programs.
Datavault AI Signs Exchange Agreement with Perpetuals.com
Datavault AI has signed an exchange agreement with Perpetuals.com to list its RWA token programs on the Perpetuals exchange platform. The agreement initially covers the MTB Copper project and includes provisions for future expansion.
New Connecticut Law Restricts Employer AI Use
Connecticut has enacted a comprehensive AI law that regulates the use and deployment of AI in consumer, employment, and government contexts. Employers must disclose the use of automated employment-related decision technology to employees and applicants.
Governor Newsom Signs Executive Order To Confront Economic Impacts of AI
Governor Newsom has signed an executive order to confront the economic impacts of AI. The order requires state agencies to review research on AI's impact on the labor market and provide recommendations on revisions to the California WARN Act.
What’s next for investors after the AI rally
The S&P 500 was up 5.3% in May, driven by a remarkable rally in the information-technology sector. Tech stocks soared during the May rally.
These S&P 500 stocks have soared the most during the AI-driven May rally
The May rally for U.S. stocks has been driven by the information-technology sector. Datadog, Miron, and Dell were some of the best-performing stocks in the S&P 500 during May.
Tamil Nadu Minister S. Keerthana Makes Big AI Investment Pitch
Tamil Nadu Minister S. Keerthana has proposed a 10-point action plan to promote AI in Tamil Nadu, including setting up an AI research centre and creating a data analytics platform.
Peter Schiff: The $1 Trillion AI CapEx Bubble
Peter Schiff argues that the $1 trillion AI capex bubble is hiding a massive capital misallocation. He claims that hyperscalers are spending roughly $1 trillion annually on data center infrastructure that may become obsolete within 5-6 years.
Animoca Brands co-invests $1M in AI trading protocol Superior.Trade
Animoca Brands has co-invested $1M in AI trading protocol Superior.Trade under its recently-launched Minds Investment Programme.
This chip startup just raised $135M
XCENA has raised $135 million in a Series B at a valuation of $570 million. The startup is betting that AI's biggest bottleneck isn't compute, but memory.
AI Mounts Unsolicited Takeover of CEO Agendas
Artificial intelligence has taken over the financial industry, with bankers frequently discussing AI and its potential impact.
Booz Allen's Rozanski warns of risks to US national security
Booz Allen Chairman and CEO Horacio Rozanski warns of risks to US national security from Chinese AI models.
Nvidia CEO Jensen Huang hints at new hardware announcement
Nvidia CEO Jensen Huang hints at new hardware announcement in Taipei, revealing Nvidia's Taiwan spending has ballooned to $100 billion annually.
Sources
- Datavault AI (NASDAQ: DVLT) to List RWA Token Programs on Perpetuals Exchange Platform
- Datavault AI signs deal with Perpetuals for commodity token trading
- 24/7 gold and copper trading: Datavault AI joins Perpetuals
- Datavault AI Signs Exchange Agreement with Perpetuals.com, Opening Gold, Copper, Geothermal Energy, and Critical Minerals to 24/7 Global Trading Across Five RWA Programs
- New Connecticut Law Restricts Employer AI Use, Mandates Notice for AI-Caused RIFs
- Governor Newsom Signs Executive Order To Confront Economic Impacts of AI | CDF Labor Law LLP
- What’s next for investors after the AI rally supercharged stocks in May?
- These S&P 500 stocks have soared the most during the AI-driven May rally
- Tamil Nadu Minister S. Keerthana Makes Big AI Investment Pitch
- Peter Schiff: The $1 Trillion AI CapEx Bubble Is Hiding a Massive Capital Misallocation
- Animoca Brands co-invests $1M in AI trading protocol Superior.Trade
- This chip startup just raised $135M on a bet that AI's biggest bottleneck isn't compute -- it's memory
- AI Mounts Unsolicited Takeover of CEO Agendas
- Booz Allen's Rozanski warns of risks to US national security from Chinese AI models
- Nvidia CEO Jensen Huang hints at new hardware announcement in Taipei
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