THE FUTURE . IN 1 PLACE
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China has made ‘ciyuan’ the official translation for AI ‘token’, a move widely read as the seed of a token-based currency for the AI age, and a long-term challenge to the US dollar.
China has launched a state-backed space-computing institute in Beijing, taking its AI rivalry with the US into orbit just as SpaceX eyes a $75 billion listing to fund its own space data centres.
CATL and Changan have unveiled the world’s first mass-produced sodium-ion EV, a 248-mile car that keeps most of its range at minus 40C, a potential turning point away from lithium.
CATL is chasing lithium-air batteries with a theoretical energy density of 12,000 Wh/kg, roughly that of petrol, a leap that could obliterate the range gap between EVs and combustion cars.
America’s biggest banks, led by JPMorgan and Bank of America, are building a tokenised deposit network to settle payments on a blockchain around the clock, their answer to the rise of stablecoins.
A new UN report warns that AI data centres will drink as much water as 1.3 billion people by 2030, and that judging AI by carbon alone badly understates its true environmental cost.
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