Crypto Currency

The Comedian Is in the Machine. AI Is Now Learning Puns

pun generator might not sound like serious work for an artificial intelligence researcher—more the sort of thing knocked out over the weekend to delight the labmates come Monday. But for He He, who designed just that during her postdoc at Stanford, it’s an entry point to a devilish problem in machine learning. He’s aim is…


pun generator might not sound like serious work for an artificial intelligence researcher—more the sort of thing knocked out over the weekend to delight the labmates come Monday. But for He He, who designed just that during her postdoc at Stanford, it’s an entry point to a devilish problem in machine learning. He’s aim is to build AI that’s natural and fun to talk to—bots that don’t just read us the news or tell us the weather, but can crack jokes or compose a poem, even tell a compelling story. But getting there, she says, runs up against the limits of how AI typically learns.

Gregory Barber covers cryptocurrency, blockchain, and artificial intelligence for WIRED.

Neural networks are natural imitators, learning patterns of language by scouring vast amounts of text. If coherency is your aim, that approach works well—so well, in fact, that recent advances have sparked an ethical debate about whether people could abuse AI to generate convincing fake news. But the resulting prose is as dry as the newspaper text and Wikipedia articles typically used to train them. Neural networks, in other words, are rule-abiding to a fault, and that makes them terrible jokers. A well-crafted joke teeters at the edge of coherency without wading into nonsense, He says, and neural networks simply don’t have the sense to strike that balance. Besides, the whole point of creativity is to be, well, novel. “Even if we had a long list of puns it could learn from, that would miss the point,” she says.

Instead, He and her team, which included Nanyun Peng and Percy Liang, tried to give their AI some creative wit, using insights from humor theory. To anyone who’s dared craft a pun, the intuition will sound familiar. For a pun to work, He decided it needs to be surprising in a local context (“stopped to get a hare cut” makes little sense on its own) but also have an “aha” factor that ties it all together (in this case, thanks to the word “greyhound”). He and her team anoint th

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Bitcoin tanks to $74,300 as spot ETFs bleed $2.26 billion in two weeks

Markets Bitcoin tanks to $74,300 as spot ETFs bleed $2.26 billion in two weeks U.S.-listed spot bitcoin exchange-traded funds have seen more than $2.26 billion in outflows over the past two weeks. By Omkar Godbole May 23, 2026, 10:19 a.m. 1 min read Make preferred on Share Share this article Copy link X icon X

Markets

Bitcoin tanks to $74,300 as spot ETFs bleed $2.26 billion in two weeks

U.S.-listed spot bitcoin exchange-traded funds have seen more than $2.26 billion in outflows over the past two weeks.

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BTC's price slide. (CoinDesk)
Summary

  • Bitcoin has fallen to about $74,300, more than 10% below its early May peak, as rising U.S. and global bond yields sap demand for riskier, zero-yield assets.
  • U.S.-listed spot bitcoin exchange-traded funds have seen more than $2.26 billion in outflows over the past two weeks.
  • Speculative capital focuses on commodities exposed to potential supply disruptions and to pre-IPO bets on SpaceX.

Bitcoin is rapidly losing ground as investors pull out billions of dollars from U.S.-listed spot ETFs.

The world’s largest cryptocurrency fell to $74,305 early Saturday, its lowest level since April 20, according to CoinDesk data. As of writing, BTC was down more than 3% over the past 24 hours and approximately 10% below its recent high of over $82,500 reached on May 6.

The sell-off accompanies a notable upswing in U.S. Treasury yields and parallel increases in government bond yields across developed markets, which are reducing appetite for high-risk, zero-yielding assets like bitcoin.

Investors withdrew $1.26 billion from U.S. spot Bitcoin ETFs this week, the largest single-week outflow since January, following roughly $1 billion in outflows the previous week. In total, the funds have seen more than $2.26 billion in redemptions over the past two weeks.

Meanwhile, commodities such as oil, copper, and sulfur are seeing strong flows of speculative money as markets continue to price in potential supply disruptions through the Strait of Hormuz due to the Iran conflict.

One theory also points to capital being redirected toward SpaceX’s anticipated IPO, with several blockchain-based pre-market derivatives tied to the event already seeing millions in trading volume on blockchain-based platforms.

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