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Trump’s $TRUMP Meme Coin: A Roller Coaster of Gains and Losses

The $TRUMP meme coin, closely associated with President Donald Trump, has sparked significant interest and controversy. According to recent insights from Chainalysis, approximately 764,000 crypto wallets that invested in the $TRUMP token have incurred losses. Yet, a mere 58 wallets have capitalized on the token, each gaining over $10 million, contributing to $1.1 billion in total profits. This stark disparity underscores the volatile nature of meme coins.

The token saw a popularity spike after being linked to Trump’s upcoming term, with a market cap peaking at $2.7 billion. However, this momentum was short-lived due to inherent price fluctuations and speculative trading.

Further scrutiny comes as legal and ethical investigations are launched into the coin’s ownership model. This probe examines its ties to the Trump Organization, revealing a vested interest from foreign entities. The involvement of crypto moguls and state-backed investors has intensified the debate over the coin’s transparency and legitimacy.

With only 20% of the token circulating, the remaining supply is under a vesting schedule sparking intrigue in the financial community. As the controversy unfolds, this case remains a crucial example of cryptocurrency’s risks and rewards.

Mirendil Signs $100 Million Google Cloud Deal To Advance Self-Improving AI

AI startup Mirendil has signed a multi-year agreement worth more than $100 million with Google Cloud to secure computing infrastructure for its self-improving AI research.

The partnership reflects growing competition among AI companies to lock in access to high-performance computing, while cloud providers race to attract promising startups developing next-generation AI models.

Backing The Next Stage Of AI Research

Mirendil plans to use Google’s Tensor Processing Units (TPUs), Nvidia GPUs and managed training infrastructure to develop AI systems capable of improving their own performance over time.

Known as recursive self-improvement, the concept focuses on building AI that can refine its knowledge and capabilities with minimal human intervention. The technology is attracting growing interest across the industry, with several startups and leading AI labs exploring similar approaches.

According to co-founder and Chief Executive Behnam Neyshabur, the long-term goal is to develop AI that can automate scientific research and accelerate discoveries in fields such as medicine, biology and materials science.

Compute Capacity Becomes A Strategic Asset

Training increasingly advanced AI models requires enormous computing resources, making long-term infrastructure agreements a critical competitive advantage.

Mirendil said Google’s combination of TPUs and GPUs allows workloads to be matched with the most suitable hardware, improving efficiency while reducing costs for customers.

For Google Cloud, the agreement strengthens its position in the race to provide infrastructure for frontier AI developers, while giving the company exposure to one of the industry’s emerging approaches to next-generation artificial intelligence.

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