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Flash News List

List of Flash News about blockchain funding

Time Details
2025-05-09
13:29
NSF Budget Cut by 50% and Divisions Abolished: Major Impact on US Tech and AI Leadership

According to Yann LeCun, the National Science Foundation (NSF) faces a 50% budget cut, cancellation of ongoing grants, drastic staff reductions, and the abolition of all 37 divisions, with grant reviews now overseen by a political commissar (source: Yann LeCun, Twitter, May 9, 2025). For cryptocurrency traders, this signals potential setbacks for US-based tech and AI innovation, likely slowing blockchain and AI project funding from academic pipelines. Reduced federal support could shift talent and resources to private and international crypto and AI sectors, possibly boosting non-US crypto ecosystems and increasing volatility as talent migrates (source: Yann LeCun, Twitter, May 9, 2025).

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