dstala
Global robotaxi market set to hit US$1T by 2040 as China tech costs plummet
Huawei's next smartphone chip taps new scaling law for performance boost: paper
China's ByteDance discovers new scaling law that could sustain AI boom
Alibaba bans staff from using Claude Code over Anthropic spyware concerns
WhiteHouse lifts export control on Anthropic that froze its most advanced models
Microsoft considers DeepSeek as OpenAI costs mount
GLM-5.2: Another open-source Chinese AI model has Silicon Valley's attention
Ex-OpenAI researcher returns to India to build super-intelligence
Anthropic floats proposal to Howard Lutnick to end ban of Mythos, Fable models
The Korean Telecom Giant at the Center of Anthropic's Mythos Controversy
Fixing Claude's memory with a Postgres database
Anthropic Is Still at Odds with the White House over Claude Fable 5
Anthropic Faces Lawsuit over Allegedly Misleading Claude AI Pricing
The White House Is Ratcheting Up Its War Against Anthropic
Anthropic flies staff to D.C. to clean up White House fight
DeepSeek Slashes AI Costs to Cents
Great book to understand Human evolution
Below is excerpt from the mail that I received from them today.
-----------------------------------------------------------------------
We know you’re more concerned than ever about protecting your cash — and the safety of your deposits is our top priority. That’s why we’ve continuously worked with our partner banks1 to offer additional FDIC insurance — first to $1M, then to $3M.
Now, we’ve gone a step further. By Monday, you will have access to up to $5M in FDIC insurance — 20x the per bank limit.
The way Mercury is able to offer customers this expanded FDIC coverage is through our partner banks’ sweep networks, which spread customer deposits across a network of established FDIC-insured program banks, including Goldman Sachs, Morgan Stanley, and Wells Fargo. In addition to the increased coverage, these sweep networks also protect your deposits by holding cash in multiple places, which limits the risk of any single point of failure.
To protect funds beyond your insured balance, Mercury Vault is automatically enabled on all accounts to monitor cash and provide suggestions on how to manage bank risk. For example, Vault can help you move deposits above the $5M FDIC insurance cap to a money market fund (99.5% invested in U.S. government-backed securities and held 100% in your name) through Mercury Treasury.