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OpenAI's Sam Altman is acknowledging what many of his clients have been saying out loud for months — that AI token costs are spiraling out of control. Companies are reportedly burning through their annual AI budgets in a single quarter, and the overspending has become something of a running joke online. Altman says improved efficiency is a priority, though exactly how remains an open question.
On the security front, a rare show of cooperation between the private sector and federal law enforcement. Meta, Microsoft, and Starlink joined the FBI to dismantle a massive scam network targeting Americans, resulting in sixty-three arrests, the seizure of millions in cryptocurrency, and the deletion of over one point four million fraudulent accounts. Microsoft alone disabled twenty thousand accounts tied to the operation.
And in crypto regulation, JPMorgan is sounding the alarm on timing. The bank warns that the Clarity Act, which would establish a formal market structure for digital assets, is running out of legislative runway. Disputes over whether stablecoins should be allowed to generate yield have emerged as a serious sticking point, and the window to get something passed may be closing fast.
That's your Tech Beat for today. Keep surfing. Tech Beat out.
