Elroy Fernandes

Elroy Fernandes · May 27, 2026 · 6:08 PM

Robinhood lets AI agents trade stocks and pay by credit card

Robinhood is letting AI agents place stock trades and linking that automation to a credit card, a move that expands retail finance while raising sharper questions about risk, leverage, and regulation.

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Elroy Fernandes · May 27, 2026 · 3:20 PM

Xpeng's new government backing shows how China is steering capital toward AI mobility

Xpeng's backing from a Guangdong government-linked fund underscores how China is channeling capital into EV and AI champions with strategic ambitions. The size was undisclosed, but the signal to investors is hard to miss.

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Elroy Fernandes · May 27, 2026 · 11:52 AM

Russia's gold selloff signals a deeper strain in sanctions-hit reserves

Russia's 5.7 tonne gold drawdown in April hit a 24-year low and showed how sanctions pressure is turning bullion into a funding source.

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Elroy Fernandes · May 27, 2026 · 7:25 AM

X is shutting down Communities as it pushes users toward group chats

X is shutting down Communities on May 30 after saying the feature had low usage, high spam, and too much internal overhead, while pushing users toward XChat group chats.

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Elroy Fernandes · May 27, 2026 · 12:41 AM

The SEC slows its tokenized stock plan as Wall Street pushes back

The SEC has delayed a plan that would have allowed crypto firms to trade tokenized versions of U.S. stocks. The pause shows that even a pro-crypto regulator is moving carefully when blockchain products start to touch the core plumbing of equity markets.

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Elroy Fernandes · May 26, 2026 · 10:00 PM

Tencent makes Hy-MT2 easier for startups to use commercially

Tencent's Hy-MT2 model family is now listed on Hugging Face under Apache License 2.0, making it more attractive for startups building commercial translation products. The move also shows how Chinese AI companies are using permissive licensing to win developer adoption globally.

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Elroy Fernandes · May 26, 2026 · 7:18 PM

Stord raises $250 million as brands rethink Amazon fulfillment

Stord raised $250 million at a $3 billion valuation as brands look for alternatives to Amazon-controlled fulfillment. The company is pairing logistics infrastructure with AI software and robotics research to give retailers more control over delivery, inventory and customer relationships.

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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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