Amazon MGM Studios confirmed on Thursday that it will not release “Artificial,” the director Luca Guadagnino’s film that chronicles Altman’s chaotic 2023 firing and rehiring at OpenAI. Mike Hopkins, who runs Prime Video and Amazon MGM Studios, informed Guadagnino and his producing team that Amazon would walk away from the planned release. The decision comes months after Amazon committed $50 billion to OpenAI in a February deal that expanded on a $38 billion cloud computing agreement signed in November 2025.

Amazon pulls plug on Sam Altman biopic ‘Artificial’

“We believe that Artificial will be better served if it were released by a different studio and are working closely with the filmmaking team to find the film a new home,” an Amazon spokesperson said. Andrew Garfield stars as Altman in the film, which was written by Simon Rich. Yura Borisov played OpenAI co-founder Ilya Sutskever. Monica Barbaro portrays former OpenAI CTO Mira Murati, while Ike Barinholtz plays Elon Musk. The cast also includes Cooper Hoffman, Jason Schwartzman, Billie Lourd, Mark Rylance, and Chris O’Dowd.

Altman was reportedly painted in an unfavorable light in the early version of Rich’s script, with one scene featuring computer scientist Geoffrey Hinton calling Altman “one of the most manipulative people on the planet.” A source familiar with internal workings at Amazon told reporters that the finished film’s tone turned considerably darker than what was originally pitched, and this led Hopkins to halt the release after watching a cut. An early viewer reportedly stated that Altman and Musk are the two characters audiences would “like the least.”

The business relationship between Amazon and OpenAI predates this deal by years. Amazon was among OpenAI’s earliest investors in 2015. Altman and Amazon founder Jeff Bezos have built a personal friendship over the past decade. Altman attended Bezos’s wedding to Lauren Sanchez in Venice in 2025. That friendship now sits alongside a corporate partnership worth tens of billions. Amazon’s February investment gave OpenAI access to Amazon Web Services infrastructure, including customized AI model development.

Jeff Bezos’ alleged influence and Altman’s legal tussle

With that much capital flowing between the two companies, releasing a film that portrays Altman as power-hungry and manipulative was always going to be an uncomfortable proposition. The film reportedly had a $75 million production and marketing budget. Amazon had reviewed every early iteration of the script before hiring Guadagnino to direct, meaning the studio knew the subject matter from the start. The shelved biopic adds to a public profile that continues to court conflict for the OpenAI CEO.

In May, a jury in Oakland rejected all of Elon Musk’s claims against OpenAI after a three-week trial. Florida Attorney General James Uthmeier filed the first state-led lawsuit against OpenAI and Altman in June, calling ChatGPT a “dangerous product” and seeking potentially billions in penalties. Altman also has close ties with the Trump administration, adding a political dimension to his already complicated public image.

The film had been positioned for a late 2026 awards qualifying run followed by a wide release in early 2027. It would have competed with Aaron Sorkin’s “The Social Reckoning,” a sequel to “The Social Network” that also deals with tech industry power. But with the latest developments, that release strategy is now in limbo. With Amazon out of the picture, the studio is now shopping the project to rival distributors through talent agency CAA.

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In a blog post published on June 17, Microsoft Threat Intelligence and Microsoft Defender experts exposed a malicious campaign that has been draining crypto wallets without victims noticing. Microsoft security experts laid out a mix of old-school USB worm tactics and modern anonymity tooling that made the malicious program undetectable for months. According to the researchers, the malicious campaign could execute clipboard theft, wallet address replacement, worm-like spreading, and Tor-based communication into a single program. The program also retained access to the local machine long after the malicious code was executed.

Microsoft flags new Windows crypto stealer program

In its detailed blog, Microsoft revealed that the infection began in the old-fashioned way, via a USB stick. The malware then accessed shortcut files dropped into removable drives. Once plugged into a machine, the worm component activates immediately. The worm component hunts down ordinary files like DOCs, spreadsheets, and PDFs on the device, hides the real ones, and replaces them with fake shortcuts carrying the same names.

Once this is done, the unsuspecting Windows users click on the shortcuts, thinking they are opening the typical Word or Excel file, but instead, the action triggers the malware. The malware then spreads itself to the machine’s USB drive and sets up scheduled tasks to keep it running after a reboot, and excludes itself from Microsoft Defender scans. When the actual clipper is activated in the second phase, the script-based payload leans on Windows ScriptHost and Active X objects rather than a typical installer, making it extremely hard to detect.

Once everything is set up, the malware launches a Tor client in a hidden window and generates a unique victim ID, registers itself with a command-and-control server hidden behind a Tor onion address. This way, the malware can successfully channel information through that hidden channel without being detected. The security team at Microsoft explained that the malware settles into a loop, polling its operators and scanning the clipboard roughly every half a second.

The program is specifically developed to recognize 12-or 24-word BIP39 seed phrases. The malware scans for Ethereum keys and Bitcoin WIF-format private keys, saves a local backup, and pushes it out to the attacker’s server over the Tor network. It is designed to retry the same sequence of events multiple times until the push is successful. The program then deletes the local copy, only upon a successful push, and takes multiple screenshots every second, giving the attackers a visual read of the victim’s wallet balance and activity.

If a wallet address shows up in the clipboard, the malware can swap it for one controlled by the attacker before the victim pastes it. Copy a Bitcoin address to send a payment, and what actually lands in the destination field might belong to someone else entirely. Microsoft Defender Antivirus now flags the threat as Trojan:Win32/CryptoBandits.A, and Defender for Endpoint watches for behaviors like suspicious JavaScript processes and curl-based data exfiltration.

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These new features address a growing pain point for large companies, as the cost of AI tools rises alongside broader employee adoption. Power users can burn through credits quickly, and these features will help administrators have better visibility into where the spending is going. The company’s Global Admin Console now consolidates ChatGPT and Codex credit usage into one dashboard, according to the OpenAI announcement. Administrators can filter consumption data by individual user, product, and AI model.

OpenAI unveils usage analytics and spending controls

The console also helps with data about trends over time, which would assist IT teams in spotting emerging usage patterns and identifying which employees are consuming the most credits. OpenAI also claims that the data is available to be programmed straight into companies’ financial systems through a unified Cost API. OpenAI first introduced per-role credit limits for custom roles earlier in 2026. The update extends that system further through three different levels.

Firstly, workspace-wide defaults let admins set a baseline credit cap that applies to every employee. Secondly, group-level limits allow different budgets for different teams. Then lastly, individual overrides give specific users higher capacity without raising limits for everyone else. On the employee side, workers can now see how much of their credit budget they’ve used and submit requests for more, including a note explaining what they need the additional capacity for.

Zipline co-founder Ryan Oksenhorn said the company has been using Codex since January 2026 and recently expanded the product’s adoption to the whole company. “We asked the team at OpenAI to build usage analytics to help find and train up folks who haven’t adopted Codex, and for granular usage controls to keep spend predictable,” Oksenhorn said in the OpenAI statement.

He added that the tools are helping Zipline “faster scale productivity of our employees while keeping safeguards in place.” The analytics and updated controls are available immediately to all ChatGPT Enterprise workspaces. Individual employees in those workspaces can view their own credit usage through their workspace settings.

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The lawsuits, filed in Franklin Circuit Court, add to a growing fight over whether online prediction markets should be regulated as federally supervised derivatives markets or as gambling products subject to state law. Coleman’s office alleges that Kalshi and Polymarket allow users to bet on game outcomes, betting odds, and individual player statistics while presenting those trades as “event contracts” to avoid Kentucky gambling rules, according to the Lexington Herald-Leader.

The attorney general’s office also said nearly 89% of Kalshi’s trading activity was tied to sports betting, generating more than $23 billion in contract trading volume in 2025. Kentucky said its claims are based on alleged violations of the state’s consumer protection laws, the Loss Recovery Act, and rules governing prediction markets. Coleman’s office is asking the court to impose penalties of up to $2,000 for each violation of the Kentucky Consumer Protection Act and $10,000 for each violation involving consumers older than 60.

Kentucky initiates legal proceedings against prediction platforms

Kentucky also named Coinbase in the Kalshi-related case, alleging that the company acted as an affiliate or partner in unauthorized sports contracts, according to Spectrum News 1. The complaint argues that Kalshi used affiliate relationships to expand access to sports-event contracts while avoiding Kentucky’s sports-wagering licensing system. The state also accused the companies of failing to provide gambling addiction resources required under Kentucky law.

In Kentucky, only licensed horse-racing organizations can receive approval to operate sports wagering, with the Kentucky Horse Racing and Gaming Commission serving as the regulator. Aside from that, a separate state law, the Wagering Consumer Protection Act, takes effect on July 15. It will prohibit licensed sportsbooks from contracting with prediction-market operators such as Kalshi or Polymarket. The third lawsuit targets VGW, the operator behind Chumba Casino, Global Poker, and LuckyLand Slots.

Coleman’s office said VGW runs sweepstakes casino sites that mimic slot machines and table games using virtual “Sweeps Coins,” which users can purchase with real money and exchange for cash prizes. The lawsuits filed by Kentucky are part of a broader state-federal showdown over prediction markets. Several states have moved against prediction-market operators, arguing that sports-event contracts and similar products amount to illegal gambling. The federal response has been aggressive.

CFTC goes after states for orders against prediction platforms

In April, the Commodity Futures Trading Commission (CFTC) sued Arizona, Connecticut, and Illinois after those states issued cease-and-desist orders against prediction-market companies. Arizona had also filed criminal charges against Kalshi for alleged violations of state gambling law. A federal court later issued a temporary restraining order blocking Arizona’s criminal prosecution. The CFTC has since expanded its legal campaign. On April 28, the agency sued Wisconsin after the state filed civil actions against Kalshi, Polymarket, Crypto.com, Robinhood, and Coinbase.

The commission also sued New York, Minnesota, Rhode Island, and New Mexico to block those states from applying gambling laws to CFTC-registered contract markets. “States cannot circumvent the clear directive of Congress,” CFTC Chairman Michael S. Selig said in the Wisconsin filing. “If you interfere with the operation of federal law in regulating financial markets, we will sue you.” The CFTC argues that Congress gave it exclusive jurisdiction over event contracts traded on designated contract markets.

Under that argument, state gambling laws cannot override federal regulation of CFTC-approved markets. Kentucky is also facing a separate lawsuit from the prediction-market industry. A coalition including Kalshi, Crypto.com, Polymarket, and Robinhood sued the state on June 12 over Kentucky’s 14.25% excise tax on prediction-market transaction fees. The tax is the first targeted levy of its kind in the United States, according to the Associated Press. The Coalition for Fair Markets has argued that the tax discriminates against federally regulated derivatives markets.

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According to an earlier Cryptopolitan report, the Pentagon released the update just as the two countries kept tightening controls on technology, data, energy, and manufacturing. The Ministry of Commerce of China announced on Saturday that America went beyond its limits in terms of national security concerns, as well as exerted governmental influence to pressure the business of China. The ministry demanded the withdrawal of such decisions. It also asked Washington to deal with Chinese companies in a fair manner and build a stable relationship with China.

China warns the US to cancel its categorization of Chinese platforms

China was direct in its latest warning, noting that, “Otherwise, China will take resolute and forceful countermeasures, and the consequences and responsibility arising therefrom will rest entirely with the US side.” The Chinese embassy in Washington rejected the blacklist. Spokesman Liu Pengyu said firms from China follow the laws of the countries where they operate. “The US should stop its wrong practice and create a fair, just, and non-discriminatory environment,” Liu said.

The Pentagon list is known as the Section 1260H list. US law requires the Defense Department to update it yearly through 2030. A company can ask the Pentagon to review its case and submit evidence to challenge the label. Alibaba said there was “no basis” for adding the company, and that being named on the 1260H list does not just automatically ban exports or stop a company from serving American customers. The US Commerce Department runs a separate Entity List, and that list can block or limit access to American technology, Alibaba explained.

The 1260H list is one of several tools Washington uses as the US and China separate in sensitive sectors. On Saturday, Chinese regulators announced stricter rules for financial information services. The Cyberspace Administration of China said companies must sort data into four groups: core, important, sensitive general, and routine general. Officials said each category would depend on its value, sensitivity, and the damage a leak could cause. Six other agencies issued the rules, including the People’s Bank of China.

The rules are part of Beijing’s data security system. China passed broad laws before adding sector rules. “Financial information services are developing in an orderly manner, and the volume of data is expanding … which urgently requires standardised, classified and graded management,” the guidelines said. The new rules do not cover state secrets or military information. Meanwhile, as previously reported, Trump announced Marco Rubio as Secretary of State and Mike Waltz as National Security Advisor.

Neil Thomas, a fellow at the Asia Society Policy Institute’s Center for China Analysis, said the choices showed that Trump planned to put China at the center of his foreign policy. Before Trump’s January 2025 inauguration, Vice President JD Vance and Elon Musk met separately with Chinese Vice President Han Zheng in Washington. Han attended as Xi Jinping’s special representative. His visit showed Beijing wanted working ties with the new US administration even as both sides added more pressure in trade, technology, security, and industry.

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The prediction is largely thanks to the latest jobs report and consumer inflation at 4.2% annually, a figure last seen three years ago. The Federal Reserve committee, in its last statement, leaned toward easier policy, but officials may remove that signal this week. As Cryptopolitan previously reported, three regional Fed presidents opposed the wording at the April meeting. Keeping it now would draw attention because hiring remains strong while prices are rising faster. In addition, oil prices dropped last week with the prospects of peace becoming more likely in the ongoing war in Iran, but crude prices are still much higher than they were before the war.

Kevin Warsh and Fed officials lean towards easier policy

According to reports, high oil prices lead to higher costs of transport, production, and at home. Any attempt by Kevin to dismiss those risks or preserve the softer message could look like support for Donald Trump’s position. Trump nominated him and keeps demanding lower rates. He also abandoned decades of US presidential restraint by publicly attacking former Fed chair Jerome Powell for refusing to cut rates. Those attacks followed Kevin into his confirmation hearing.

Senators pressed Warsh about loyalty to Trump and his ability to protect the central bank’s independence. His first decision and press conference are expected to provide an answer. Most board members are expected to support a hold, which matches the latest employment and inflation numbers. Warsh also has room to resist the president. Removing a Fed leader over a policy dispute is difficult. Earlier campaigns against Powell and Fed governor Lisa Cook failed.

That kind of protection allows Kevin to put longer-term financial stability ahead of short-term political demands. Kevin has appeared more receptive to cuts over the past year because he thinks AI might reduce inflation and mentioned the trimmed-mean indicators pointing to lower prices. His statements, of course, resonate with Donald Trump, but they have also been beneficial to Kevin himself, since this largely helped him get the Fed chair position, as Trump made clear when he announced it.

Kevin’s background has been contradictory. During the administration of Barack Obama, Kevin was advocating for an increase in interest rates after the financial crisis. He has even accused the Fed of buying government and mortgage-backed bonds excessively. However, during Trump’s first presidential term, Kevin and his previous employer, Stanley Druckenmiller, were against tightening monetary policy despite historically low unemployment. When the Fed cut rates in September 2024 under President Joe Biden, after inflation had cooled, Kevin called the decision “puzzling.”

Even if Warsh maintains a politics-free room, the challenge is no easier. Before the oil shock from Iran, inflation was a pre-existing issue. Artificial intelligence may help businesses save money, but there’s a possibility that it can hurt job growth and lower demand. As Cryptopolian reported, Warsh is eager to reduce the $6.7 trillion balance sheet of the Fed, and this process of quantitative tightening could also lead to less liquidity in the market, thanks to the instability in US Treasury markets. Kevin has also criticized forward guidance and intends to abolish the Fed’s dot plot, which helps predict rate movements for the committee members.

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The futures and derivatives exchange operator has stated that its existing 1-ounce gold futures will start to trade every hour of every day on July 26. A new 10-barrel WTI crude oil contract, which is one-tenth the size of its current Micro WTI futures, will then follow with an August 30 launch. Both of the new products are still subject to regulatory approval. Gold trades under COMEX rules, while the new crude oil product will be listed on NYMEX, CME Group’s energy exchange, and all the newly created contracts are cash-settled.

CME Group unveils new markets on its trading platform

The newly created 10-barrel crude oil contract was launched to drop the barrier to entry for low liquidity traders who find standard-sized futures too large for their portfolios. CME Group’s options on WTI crude hit a record average daily volume of 320,000 contracts in the first quarter of 2026, according to the company’s announcement. WTI crude oil still remains the global benchmark to assess crude oil pricing globally.

In addition, the demand for smaller crude contracts has also risen. Micro WTI futures saw a total of 272,000 contracts per day in May 2026, which represents a 317% jump from the demand in May 2025, according to data from the CME Group. On the other hand, gold’s 1-ounce contract launched on the platform in January 2025 and has seen almost 90,000 contracts per day in 2026. CME Group’s gold benchmark products accrue almost $100 billion in total value traded every day, the company stated.

Derek Sammann, CME Group’s senior managing director and global head of commodities markets, has pointed to geopolitical risk as the motivation behind the 24/7 expansion of these contracts. “Traders are increasingly looking to diversify their portfolios across commodity markets in the face of geopolitical uncertainty,” Sammann said, according to the company’s press release. “Our new WTI and Gold futures provide regulated products that are right-sized and available 24/7, ensuring traders can manage exposure whenever news breaks.”

The move to offer round-the-clock trading for these specific commodities fits strongly with the CME Group’s existing push into uninterrupted trading for equities and cryptocurrency products. The extension of this model into commodities like crude and gold points to a shift in trader preference to markets that are consistently available and never close.

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The development has now given way to a conflict in the commodity markets between raising the interest rates needed to fight inflation and the risks associated with geopolitics, with effects being felt in trade flows and central bank calculations globally. The decline in the precious metal market in China followed the global sell-off, with prices for spot gold falling to as low as $4,022.09 per ounce, levels last seen in November, Reuters reports. Yet the yellow metal recovered somewhat to close at $4,089.12 per ounce, driven by short covering.

According to reports, what led to the fall was issues related to whether the US Fed would hike rates before the end of the year. The latest US Consumer Price Index report noted that the inflation rate rose to its highest in the past three years, owing to rising energy prices. This comes amid the tensions between the US and Iran. It has changed the odds. Traders are now seeing a greater than 70% chance of rate hikes within the coming months as per the CME FedWatch Tool.

Shanghai Futures Exchange sees gold futures selloff

Gold becomes less attractive as the interest rates rise, since there is no earnings capacity associated with it. As per Matt Simpson, a market analyst with StoneX Group, quoted by Reuters, $4,000 represents an” obvious level of support that could prompt bears to book a quick profit or tempt battered bulls from the sideline.” Unless the upcoming Producer Price Index (PPI) report surprises the markets, a technical rebound for the precious metal can be expected.

While gold and silver fell in Shanghai, the rest of China’s futures board moved in the opposite direction. Polysilicon led the morning session with gains exceeding 4%, and low-sulfur fuel oil climbed nearly 4%. Palladium, liquefied petroleum gas, SC crude oil, methanol, and lithium carbonate each rose more than 3%. This is an indication of how the tensions in Iran have had different impacts on the international commodities market. Energy prices respond positively to any disruption in their supply chain.

Iran announced that it had blocked the Strait of Hormuz following new attacks from America, and oil prices went up by over $2 on Thursday. This is the energy price shock that has led to inflation levels that pose a threat to gold through interest rates. The response by China to increased energy prices has been to handle imports in terms of pricing. According to the Reuters report, columnist Clyde Russell indicated that China has reduced its imports to 29 per cent, a level not experienced in the past 8 years.

He also noted that it is now as low as 7.79 million barrels per day in May, because of the premium that was being charged for Saudi crude oil. Instead of paying for their energy at such high rates, China decided to use its stored energy during the low prices of Russian and Iranian crude. Copper imports also softened, falling 7% in the first five months of 2026 compared to the same period in 2025, as London copper prices rose 9.6% year-to-date.

Aluminium moved the other way: Chinese producers ramped exports to 632,000 tons in May, capitalising on higher international prices caused by Middle East supply losses. The gold sell-off occurs at a time when the structure of global gold demand is changing. According to Metals Focus, a consultancy firm dedicated to delivering statistics, analysis, and forecasts for the precious metals markets, physical investment will surpass jewellery for the first time in becoming the biggest form of gold demand in 2026.

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Prince called it a first in the company’s 16-year history. “We’ve never done something like this in Cloudflare’s history,” he said. CFO Thomas Seifert said the cuts hit every team and geography. Only salespeople with quotas got a pass. Prince and co-founder Michelle Zatlyn wrote that the move wasn’t about cutting costs or judging performance. To them, it’s about defining how a world-class company operates in what they call “the agentic AI era.”

Cloudflare announces plans to cut jobs

Cloudflare’s quarterly revenue jumped 34% year over year (YoY). But the net loss widened to $62 million, up from $53.2 million a year earlier. Adjusted gross margins dropped to 72.8%, a record low. Last year, they sat at 77.1%. Cloudflare also reported +$2.5 billion in remaining performance obligations. That’s revenue under contract but not yet delivered. The figure grew 34% year over year (YoY). Despite the strong Q1, Cloudflare’s stock (NYSE: NET) fell more than 15% in premarket trading on Friday.

The problem was guidance. The company projected Q2 revenue growth of about 30%, slower than the 33.5% it just posted. Analysts said expectations had run high after a 43% rally in the stock since February. Still, about four brokerages raised their price targets after the report. The median target now sits at $243, per Reuters. Prince also said Cloudflare’s internal AI usage grew +600% in the prior three months. Teams started reporting productivity gains of “two, 10, even 100 times” previous levels.

Almost all of the R&D team now codes using Cloudflare’s own Workers platform, including a feature the company calls “vibe coding.” Every line of code deployed through that pipeline gets reviewed by autonomous AI agents, Prince said. Highly productive employees now need fewer support staff. “A lot of the support people that provide support behind them, those roles aren’t going to be the roles that drive companies going forward,” said Prince.

When an analyst asked why such deep cuts were needed after a strong quarter, Prince responded, “Just because you’re fit doesn’t mean you can’t get fitter.” Cloudflare joins Meta, Microsoft, Amazon, and Jack Dorsey’s Block in pairing workforce reductions with AI-driven productivity claims. But some tech executives, including OpenAI CEO Sam Altman, have cautioned that companies may be using AI as a rationale for layoffs they would have pursued anyway.

He said, “I don’t know what the exact percentage is, but there’s some AI washing where people are blaming AI for layoffs that they would otherwise do, and then there’s some real displacement by AI of different kinds of jobs.” Prince said Cloudflare ended Q1 with ~5,500 employees before the cuts. He predicted the company would have more employees in 2027 than at any point in 2026.

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According to reports, the company is also looking to hire new talent for its AI unit. The news marks the second time Samsung has hired for its Future Robotics Task Force, which was set up in 2024. The unit oversees all of Samsung’s robotic development, including humanoids. The hiring came with a strong emphasis on internalizing its robot developments.

Samsung to begin making its robot parts

Since this year, Samsung has been talking about internalizing key robot components and building its own technological capabilities. “By internalizing key robot components, we are securing the capability to directly develop custom parts optimized for the company’s robots,” Park Soon-chul, Samsung Electronics CFO, said during the company’s Q1 earnings call.

Part of the company’s roadmap for the year and next is deploying humanoid robots into its internal processes and production lines, with commercialization still a few years away. “We plan to first develop manufacturing robots and later expand into home and retail sectors,” Soon-chul said. Last month, Samsung announced plans to transition all of its manufacturing operations into Agentic AI-driven factories by 2030.

It plans to progressively deploy humanoids and task-specialized robotics across its production lines, starting with its US plant in 2026. Humanoids are a big part of Samsung’s robotics strategy. As of March, Samsung had filed over 10,347 robot-related patents, according to patent data from KIPRIS. Up to 46 of the applications were related to humanoid technologies. At the center of Samsung’s humanoid technology is Rainbow Robotics.

In 2024, Samsung increased its stake in the South Korean robot maker from 14.7% to 35%, paying KRW 267 billion, or about $181 billion, to become the largest shareholder in the company. Samsung said the acquisition was aimed at speeding up future developments of its humanoid robots. The company set up its Future Robotics Task Force shortly after the deal. Shares of Rainbow Robotics Co., Ltd (277810.KQ) are currently up 12% following the news of Samsung’s hire.

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