Global central banks are pushing CBDCs to defend monetary sovereignty against USD stablecoins, but are struggling to find demand for the digital currencies (Jonathan Levin/Bloomberg)
A look at the collapse of Zondacrypto, Eastern and Central Europe's biggest crypto exchange, which went dark in April and is facing money laundering allegations (Andrew Higgins/New York Times)
Oxford Economics: US corporate spending on equipment and facilities is set to rise 40% between 2021 and 2027, over 3x faster than Europe, driven by the AI race (Financial Times)
Alibaba plans to raise ~$10B in a follow-on share offering to fund AI investments; sources: it plans to offer 710M shares at a 3.6% discount to Friday's close (Reuters)
Sources: foldable iPhone feels durable, fits well in a pocket, has useful iPad-like app layouts, excels as a camera viewfinder but lacks telephoto and Face ID (Mark Gurman/Bloomberg)
The careers of Z.ai's Tang Jie and Moonshot AI's Yang Zhilin, once teacher and pupil at Tsinghua University, show that China's AI leap is no sudden development (Raffaele Huang/Wall Street Journal)
A profile of Judge Yvonne Gonzalez Rogers, who is presiding over US state AGs' social media addiction lawsuit against Meta and oversaw the Musk v. Altman trial (Jeffrey Kopp/CNBC)