Upstart CEO addresses AI lending platform at J.P. Morgan conference

Paul Gu, CEO of Upstart Holdings, participated in a discussion at the J.P. Morgan 54th Annual Global Technology, Media and Communications Conference on May 19.

The session took place at 4:15 PM EDT and featured Gu as the main company representative. He co-founded Upstart in 2012 and previously served as its CTO before becoming CEO. The company operates an AI-driven lending marketplace that connects consumers with partner banks and credit unions to streamline borrowing and improve credit decisions.

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A bustling crowd of developers at an AI and blockchain hackathon in Miami Beach, building innovative projects with AI agents and drones.
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AI agents spark startup frenzy at consensus miami hackathon

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Nearly 1,000 developers gathered in Miami Beach for the EasyA Hackathon at Consensus Miami 2026, building AI-native projects focused on autonomous payments, drones, and consumer apps. The event highlighted a shift toward practical AI and blockchain applications.

Google's annual developers conference will kick off on Tuesday, May 19, with a focus on artificial intelligence updates and new product features. The event is scheduled to be live-streamed on YouTube at 10 a.m. PT.

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Billionaire investor Paul Tudor Jones says the current AI-driven rally in global markets could last another year or two. He drew parallels to the early dominance of Microsoft and the commercialization of the internet. At the same time, he warned of a possible sharp downturn resembling the aftermath of the dot-com bubble.

Alibaba chairman Joe Tsai has credited China’s advantages in artificial intelligence to investments in its power grid and open-source models. He stated that such massive investments have provided ample supply and low costs for the energy-intensive AI sector. China’s industrial depth highlights vast potential for AI applications, Tsai said.

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Major Brazilian companies are distributing monthly artificial intelligence credits so employees can experiment with models like ChatGPT and Claude. The initiative aims to encourage useful tool creation and boost technology adoption in daily operations.

OpenAI has acquired a consulting company. The purchase is intended to help spread awareness of AI technologies and support business adoption.

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A district in Guangzhou has launched a platform to connect businesses with artificial intelligence providers. Initial projects are valued at more than 13 million yuan. Officials say the move aims to accelerate the commercial use of AI.

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