Computing power demand is biggest challenge

OpenAI CFO Sarah Friar said Wednesday that even as the company hits revenue milestones, it faces ongoing pressures due to the demand for computing power required for artificial intelligence. “It is voracious right now for GPUs and for compute,” she told CNBC’s “Squawk Box” on Wednesday, adding that insufficient compute, or computing power, to meet…

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House to vote on the GENIUS Act and Clarity Act

The U.S. Capitol building in Washington, D.C., U.S., June 27, 2025. Elizabeth Frantz | Reuters It’s “Crypto Week” in Washington. The cryptocurrency industry is set to notch a major win this week if the House can pass two bills that would set up a long-lobbied-for regulatory framework for digital assets. The stablecoin bill, known as…

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