Elroy Fernandes

Elroy Fernandes · May 26, 2026 · 4:15 PM

Uber says AI spending needs a clearer link to useful features

Uber COO Andrew Macdonald said rising AI costs are becoming harder to justify without a clearer link to useful consumer features. The comments matter because Uber already has genuine AI use cases, making its ROI concerns a warning for the wider enterprise AI market.

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Elroy Fernandes · May 26, 2026 · 1:10 PM

India and the U.S. are turning rare earths into an AI supply chain bet

India and the United States have signed a rare earths framework aimed at reducing dependence on China-dominated supply chains. The pact could give India a larger role in AI hardware, semiconductors and advanced manufacturing if it leads to real processing capacity and private investment.

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Elroy Fernandes · May 26, 2026 · 9:47 AM

Infratil is turning Australasia into an AI data centre bet

Infratil’s FY26 result shows how fast AI infrastructure demand is flowing into Australia and New Zealand. CDC Data Centres now has more than 1GW contracted after a 555MW customer deal, giving Infratil a bigger role in the global compute buildout.

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Elroy Fernandes · May 26, 2026 · 5:11 AM

Nasdaq has won SEC approval for Bitcoin index options

Nasdaq has cleared an SEC hurdle for Bitcoin index options, adding another regulated derivatives tool to the U.S. crypto market. The move could deepen institutional liquidity, but it may also make Bitcoin trading more complex as competition with CME grows.

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Elroy Fernandes · May 26, 2026 · 1:45 AM

Monad reaches six months with its EVM speed claim under review

Monad has reached six months since mainnet launch with meaningful DeFi liquidity and trading activity, but the harder test is now retention. The network has to prove that its EVM-compatible performance claims can support lasting usage, not just launch-cycle attention.

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Elroy Fernandes · May 25, 2026 · 11:03 PM

AI researchers are testing life after the Transformer

Transformer co-authors are now publicly debating whether AI needs to move beyond the architecture that powers today's leading models. Pathway's post-Transformer push matters because it points to the next startup race: cheaper, more adaptive and more interpretable AI systems.

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Elroy Fernandes · May 25, 2026 · 7:38 PM

A Bybit freeze shows why exchange custody risk still matters

A reported $200,000 Bybit account freeze has revived concerns about custodial exchange risk. The case highlights how AML reviews, sanctions screening and stricter regulation can leave users with limited control once assets sit on a centralized platform.

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Elroy Fernandes · May 25, 2026 · 4:28 PM

The OpenAI camera rumor shows the next AI privacy fight has moved home

A viral claim says OpenAI is paying New Yorkers to record household chores with 360-degree cameras, but the specific allegation remains unverified. The broader market trend is real: AI and robotics companies increasingly need household video data, and that brings privacy questions directly into the home.

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Elroy Fernandes · May 25, 2026 · 2:11 PM

AI tools are forcing companies to protect how people think

New research on AI and cognitive offloading is turning productivity into a deeper management question. Startups and enterprise buyers now need to judge whether AI tools sharpen human reasoning or quietly replace it.

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Elroy Fernandes · May 25, 2026 · 10:42 AM

Huawei says its chip plan can narrow the gap with TSMC

Huawei says it expects to design high-end chips by 2031 with transistor density equivalent to 1.4-nanometre manufacturing. The claim does not erase TSMC's lead, but it gives China's AI hardware push a clearer roadmap and adds pressure to Nvidia's China strategy.

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Elroy Fernandes · May 25, 2026 · 7:17 AM

Japan’s Nikkei 225 breaks 64,000 as the AI trade spreads

The Nikkei 225 has crossed 64,000 for the first time as Japan becomes a major second front for the global AI trade. The rally is being led by semiconductor, infrastructure and technology names, but it now depends on earnings keeping pace with high expectations.

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Elroy Fernandes · May 25, 2026 · 4:12 AM

Nvidia is watching Huawei turn China into an AI chip market

Jensen Huang's latest China comments show that Nvidia's absence is becoming Huawei's opportunity. The reported $12 billion Ascend order book suggests Chinese AI buyers are building around domestic silicon at meaningful scale.

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Elroy Fernandes · May 24, 2026 · 11:36 PM

Ethereum Foundation departures put Vitalik Buterin’s leaner mandate to the test

Ethereum Foundation departures are testing Vitalik Buterin’s push for a leaner, more focused organization. The outcome matters for founders because Foundation priorities influence Ethereum’s roadmap, developer confidence and capital flows across DeFi, Layer 2s and privacy infrastructure.

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Elroy Fernandes · May 24, 2026 · 8:09 PM

Berkshire's cash pile shows Greg Abel is not rushing the Buffett playbook

Greg Abel's first full quarter as Berkshire Hathaway CEO showed record cash, stronger operating earnings, and a selective reshaping of the equity portfolio. For founders and investors, the bigger message is that patient capital still has power when valuations are stretched.

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Elroy Fernandes · May 24, 2026 · 3:33 PM

Meituan puts avatar video startups under new pressure

Meituan has released LongCat-Video-Avatar 1.5 as an open avatar video model with local deployment potential. The release increases pressure on synthetic media startups whose value depends mainly on avatar generation rather than workflow, trust, and enterprise controls.

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Elroy Fernandes · May 24, 2026 · 12:52 PM

Apple is using fraud numbers to defend its App Store control

Apple says the App Store blocked more than $11.2 billion in potentially fraudulent transactions over six years. The numbers strengthen Apple’s security argument while developers and regulators keep pushing for more open iPhone payments and distribution.

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