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Kelly Schultz, 74, bought a small farm in Clarence, New York, in 1993 despite having no farming experience, and many people laughed at his plan to start a pumpkin farm. The Great Pumpkin Farm is open just 7 weeks a year yet drew over 100,000 visitors and brought in $2 million in revenue in 2025, with weekend tickets at $20. Its annual World Pumpkin Weigh-Off, launched in 1996 with a $50,000 prize for a pumpkin weighing 1,000 pounds or more, put the farm on the map, and this year's heaviest pumpkin weighed 1,908.5 pounds. The farm buys most of its roughly 25,000 pumpkins from nearby farms and employs over 100 seasonal workers, while rising fuel costs add to expenses. Schultz says he avoids raising admission prices, so he expects the business to 'make a little bit less.'
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GlobalFoundries (GFS) was selected to run two new chip fabrication sites at its New York campus, part of a $21 billion U.S.-Japan investment initiative. The first fab is expected to receive about $10 billion and begin operations in 2029, while a second fab could receive another roughly $10 billion, subject to the initiative's plans. Together, the fabs could add about 1.8 million 300-millimeter wafers of annual U.S. capacity and create around 27,000 construction and ecosystem jobs plus more than 1,000 high-skilled manufacturing positions. Separately, an amended CHIPS and Science Act award will redirect $955 million toward silicon photonics, SiGe and advanced packaging, and the U.S. Department of Commerce will take an approximately 4% equity stake in the company. GFS shares rose nearly 5% in morning trade despite broader market weakness after CPI rose 3.7% year over year, hotter than the 3.6% economists expected.
- Revenue problem: County faces $4 million preliminary 2027 budget deficit
CFO David Bulzoni said the county's $190 million preliminary 2027 spending plan has a deficit of nearly $4 million that will be hard to close without raising property taxes, which two of three commissioners have said they won't do. The gap has already shrunk from an almost $9 million projected shortfall through cuts and nonrecurring revenues, while drawing down the fund balance could jeopardize the county's credit rating. Budgeted expenses rose more than $9.2 million, or 5.1%, from 2026, while property tax revenue, the largest recurring source, is projected to grow just $267,324, or 0.26%. Bulzoni and consultant PFM recommend regular tax increases, but commissioners Thom Welby and Chris Chermak say they won't raise taxes in 2027 following the nearly 33% hike in 2025. Bulzoni warned that unaddressed deficits compound, pointing to past shortfalls growing from $8 million to $15 million and then $37 million.
- A.I. Agents Make 138 Million Crypto Payments As Technology Evolves
Chainalysis data shows about 138 million payments by AI agents have been recorded on Coinbase's Base blockchain, with U.S.-linked digital wallets accounting for 88% and Chinese-linked wallets just 0.1%. The findings come as Coinbase begins letting business customers accept payments from AI agents. Some analysts estimate up to 100 billion AI agents could be transacting online using crypto by 2030. AI agents are expected to increasingly use stablecoins, which can handle transactions worth fractions of a cent, allowing them to buy data and computing power without human control. Chainalysis cautions that transaction counts do not necessarily represent commercial demand.
- AI Agents Made 138 Million Crypto Payments in a Year. Most Were Tiny
According to Chainalysis, autonomous AI agents have made more than 138 million crypto payments through Coinbase's x402 protocol on the Base network, rising from roughly 1,500 in mid-2025 to the third quarter of 2026. More than 87% of payments fell between a hundredth of a cent and 10 cents, the kind of micro-transaction stablecoins can handle but card networks cannot. American-linked wallets accounted for 88.1% of identifiable payments for AI model inference, versus 0.1% for China, though Chinese-linked wallets made up most spending on security and code-analysis services. Visa, Mastercard, Stripe, Coinbase and Google are building out infrastructure for agent payments, but earlier research from TRM suggests much of the activity may be scripts or self-dealing rather than genuine agents.
- AI agents make 138 million crypto payments as U.S. dominates spending on AI models
Chainalysis recorded more than 138 million transactions by AI agents through Coinbase's x402 protocol on the Base blockchain, using crypto to buy data, computing power and AI model access. U.S.-linked wallets accounted for 88.1% of geographically identified AI model inference payments, versus 0.1% for Chinese-linked wallets, while Chinese-linked wallets dominated security and code-analysis payments at roughly 90%. More than 87% of x402 payments were worth 10 cents or less, pointing to stablecoin micropayment potential, but volume remains small: about 75 million payments worth $24 million over 30 days through July. A separate earlier study raised questions about artificial activity, with the share of wallets receiving more funding within 30 days rising from 70.6% for wallets first funded in Q3 2025 to 89.3% for Q2 2026, and the time from funding to first payment falling from 73 days in late 2025 to 18 minutes in Q3 2026. Chainalysis cautions that transaction counts alone do not establish genuine commercial demand.
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