Ripple raises $500M and targets stablecoin growth

Google and Epic Games settle their beef. Ripple wants to claim the stablecoin crown. Hyperscalers are about to claim the power generation equivalent to 40 million homes. And the wonkiest analysis I’ve seen in a while on whether or not AI can scale productivity in some sort of up and to the right way.

• Google proposes app store reforms in settlement with ‘Fortnite’ maker Epic Games (Reuters)
• Cloud streaming finally arrives on the PlayStation Portal (The Verge)
• Citadel Securities and Fortress take stakes in Ripple at $40bn valuation (FT)
• How many ‘bragawatts’ have the hyperscalers announced so far? (Financial Times)
• Amazon Sues to Stop Perplexity From Using AI Tool to Buy Stuff (Bloomberg)
• Thoughts by a non-economist on AI and economics (Windows On Theory)

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