Tech Report: Crypto crash, AI breakthroughs, and economic slowdown dominate market headlines

The cryptocurrency market suffered a major blow Saturday, with prices plunging in one of the sharpest single-day drops in recent history

(LILAMAX)- The cryptocurrency market suffered a major blow Saturday, with prices plunging in one of the sharpest single-day drops in recent history — erasing billions in value.

The crash followed the U.S. government’s announcement of new tariffs on Chinese technology imports, which rattled global investors and triggered widespread sell-offs. Joshua Duckett, Director of Investigations at a crypto forensic firm, said mass liquidations by traders fueled the steep decline.

Meanwhile, new economic data highlights how dependent U.S. growth has become on the tech sector. Harvard economist Jason Furman reported that nearly all GDP growth in the first half of 2025 came from investment in data centers and information processing. Without those categories, GDP growth would have been just 0.1% — effectively stagnant.

In business news, AI-powered insurance firm Roadzen raised $11 million this quarter amid rising optimism about its artificial intelligence platform. The company uses AI, telematics, and data science to help insurers and auto manufacturers price risk more efficiently.

OpenAI says its latest models — GPT-5 Instant and GPT-5 Thinking — show a significant reduction in political bias. According to a new report titled Defining and Evaluating Political Bias in LLMs, the company has built an automated system to detect and minimize bias in its AI platforms as part of a broader effort to ensure neutrality.