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The former BitMEX chief argues borrowing behind AI infrastructure, not AI technology itself, poses the real financial risk. Arthur Hayes has weighed in on one of the most contested debates in markets right now: whether artificial intelligence spending has become a bubble.

Nebius sank as much as 14% and CoreWeave fell 4% before both pared losses during a sharp Nasdaq swing. Shares of TeraWulf, CoreWeave and Nebius fell sharply on August 19, according to Invezz and Yahoo Finance. The declines came as the Nasdaq index swung widely during the session.

The Coinbase-incubated layer-2 network is funding early-stage projects that blend artificial intelligence with onchain finance. Base, the Ethereum layer-2 network built by Coinbase, has introduced a new accelerator program aimed at startups working on artificial intelligence and finance. The initiative offers $100,000 in funding to selected participants, according to reporting from Decrypt and CryptoBriefing.

Huang says no company deploys artificial intelligence more effectively than Meta, endorsing its record capital outlay. Nvidia chief executive Jensen Huang has offered a strong endorsement of Meta's artificial intelligence strategy. Huang said no company applies AI as effectively as Meta does, according to reports from CryptoBriefing and The Cryptonomist.

The firm's research arm sees promise in AI-crypto integration while cautioning against overstating near-term benefits. Fidelity Digital Assets has published new commentary on the relationship between artificial intelligence and cryptocurrency. The firm's research suggests AI tools could significantly boost the crypto industry's capabilities.

Republican voices caution that local opposition to AI data centers has grown strong enough to split the party. Republican political figures are cautioning artificial intelligence companies that data centers have turned into a politically dangerous issue.

New figures suggest Anthropic's Q2 revenue roughly doubled, edging past OpenAI as growth in the sector diverges. Anthropic's revenue for the second quarter has reportedly doubled compared to the previous period. Two separate reports place the figure at either $12 billion or $11.6 billion.

The Financial Times reports Beijing has softened restrictions on advanced Nvidia hardware for two of its largest tech firms. China has reportedly eased restrictions on Nvidia's H200 chips for ByteDance and Tencent, according to a report from the Financial Times cited by CryptoBriefing.

The former BitMEX chief is putting his name behind a new venture focused on the AI agent economy. Arthur Hayes, the former BitMEX chief executive turned crypto commentator and investor, has emerged as the public face of a new venture called Flop Labs.

State officials move to regulate the rapid expansion of AI computing facilities as community opposition mounts. Pennsylvania's government has imposed new rules targeting AI data centers, according to CryptoBriefing. Decrypt reported the same development, framing it as a response to growing backlash against the facilities within the state.

Books traced to an Amazon AI training facility are said to be scanned and then destroyed, according to two outlets. Amazon has reportedly acquired rare books for use in training its artificial intelligence systems, according to reports from CryptoBriefing and Decrypt.

The new version is designed to promote safer usage and support learning among younger users. OpenAI has introduced a dedicated version of ChatGPT built specifically for teenagers. The company says the goal is to promote safe usage while supporting learning, according to reports.

Paris reportedly plans to route sensitive government AI and cyber-testing work to domestic providers instead of American vendors. France appears to be shifting its procurement strategy for artificial intelligence tools used by government agencies. According to reports from CryptoBriefing and Cryptopolitan, officials plan to favor companies developing so-called sovereign AI systems.

The bank's analysts point to sustained demand for AI processors as the driver behind their bullish call. Bank of America has issued a price target of $350 per share for Nvidia, according to a report cited by CryptoBriefing on August 18.

Reports indicate the AI company's debt raise will surpass its original goal ahead of a planned public listing. Anthropic's pre-IPO credit facility is set to exceed its original $10 billion target, according to reports published by CryptoBriefing and Invezz on August 18.

A weaker-than-expected report from the optical components maker triggered a broader pullback across AI-linked hardware stocks. Fabrinet, a manufacturer of optical components used in data centers and networking equipment, saw its stock decline after releasing quarterly earnings. The results failed to meet market expectations, according to reports from Yahoo Finance and CryptoBriefing.

Jane Street led the new funding round, which pushed Etched's valuation past its level from just one month earlier. Etched, a startup building specialized chips for artificial intelligence workloads, has closed a $700 million funding round. The raise doubled the company's valuation within roughly one month, according to reports from Cryptopolitan and CryptoBriefing.

Micron's stock pulled back on a day when AI-linked semiconductor names broadly declined, according to a report from CryptoBriefing. Micron Technology's stock price moved lower on August 18, 2026, according to a report from CryptoBriefing. The decline came as part of a broader retreat across companies linked to artificial intelligence chip production.