NVIDIA CEO: Energy to Become Next Global Bottleneck for AI

On December 4, OpenAI’s nonprofit foundation announced it will donate $40.5 million to 208 U.S. nonprofits supporting local communities—marking the AI giant’s largest external charitable commitment to date. The grant aims to “expand AI’s opportunities” and will fund work in three key areas: AI literacy and public understanding, community innovation, and economic opportunity. While it’s OpenAI’s largest nonprofit expenditure to date, the donation represents just a fraction of the foundation’s roughly $13 billion in equity value following its recent corporate restructuring. A recent tax filing reveals the OpenAI Foundation donated $7.5 million last year. (Source: Gold10)

On December 4, the Financial Times reported that bond investors have voiced concerns to the U.S. Treasury over the potential appointment of Kevin Hassett as Federal Reserve chair, fearing he would slash interest rates sharply to curry favor with Trump. Multiple sources said the Treasury held one-on-one talks last November with top executives at major Wall Street banks, asset management giants, and other key players in the U.S. debt market to solicit feedback on Hassett and other candidates. Those conversations were followed by final-round interviews of the candidates by Treasury Secretary Besen.

On December 4th, BlackRock CEO Larry Fink admitted at the New York Times DealBook Summit that he was “wrong” about his past opposition to Bitcoin and cryptocurrencies. When the host asked, “You once called crypto a ‘money laundering and thieves’ haven’ back in 2017—but now BlackRock holds the largest Bitcoin spot ETF. What changed?” Fink responded: “I have strong views, but that doesn’t mean I can’t be wrong. Through constant self-reflection and meeting with thousands of clients and government officials every year, my thinking has evolved, and my stance has shifted dramatically. Today, BlackRock is actively embracing Bitcoin.”

On December 4th, Jupiter updated the ICO details for dark pool DEX HumidiFi again, increasing the token allocation for both the JUP staking round and public sale from 2% to 3%. Previously, the first-round sale (Wetlist) of HumidiFi’s WET token was postponed from 3:00 PM UTC on December 3rd to 9:00 PM UTC (5:00 AM Beijing time on December 4th). The Wetlist allocation was also adjusted from 6% to 4%.

On December 4, KobeissiLetter published a market analysis noting that cryptocurrency ETFs are making a comeback. Last week, crypto funds recorded a $1.1 billion inflow—hitting a 7-week high and reversing a prior trend of four straight weeks of outflows totaling $4.7 billion. U.S. crypto ETFs led with $994 million in inflows, followed by Canada ($98 million) and Switzerland ($24 million), while Germany posted a $57 million outflow. Bitcoin topped inflows with $461 million in net inflows, and ETH followed with $308 million in net inflows. Meanwhile, investors pulled $1.9 billion from Bitcoin short ETPs. Cryptocurrencies are regaining upward momentum.

**December 4th** Wall Street and U.S. corporate insiders are making a last-ditch push to warn President Trump against tapping Kevin Hassett as Federal Reserve chair, Fox Business reporter Charles Gasparino reported. Their core concern: Hassett’s past role leading the U.S. National Economic Council (a political post) and track record mean he lacks credibility with Fed staff and markets — a critical issue as the central bank prioritizes independence. Appointing him would send long-term interest rates higher and throw the Fed into turmoil, they argue. If Hassett casts a dissenting vote to cut short-term rates amid persistent inflationary pressures (a move Trump wants), it would be viewed as political interference and could stoke inflation. Mortgage and consumer loan rates are tied to 10-year Treasury yields; a spike in those yields over inflation fears could spark an economic slowdown ahead of the midterm elections. Trump could brush off those concerns and act unilaterally. Oth