Fitch Ratings Cuts the U.S. Credit Rating from AAA to AA+

Sony Music Entertainment, one of the world's largest record companies representing popular bands like AC/DC and Nickelback, has issued warning letters to AI developers. According to the Financial Times, recipients include OpenAI, Microsoft, Google, Suno, and over 700 other startups.

Microsoft is offering to its China-based employees, especially AI specialists, to relocate to another country due to rising China-U.S. tech tensions. The main relocation options are the U.S., Ireland, Australia, or New Zealand.

Rune Christensen, the founder of MakerDAO, has introduced PureDai, a new stablecoin, alongside the previously announced NewStable (a temporary name), and shared more details about both.