Bitcoin could fall below $50K if Magnificent 7 stocks stage another $500 billion loss
Bitcoin could see more downward pressure if the top tech stocks in the US continue to shed value. Go to Source
Microsoft
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Microsoft declares OpenAI both ‘strategic partner’ and ‘competition’ in SEC filing
The two companies face antitrust probes in the US and EU over their partnership. Go to Source
German quantum breakthrough highlights need for particle physicists in crypto
German quantum breakthrough highlights need for particle physicists in crypto Go to Source
Nvidia delays next gen AI chip as investors issue ‘bubble’ warning
After briefly breaking the $3 trillion market capitalization mark in June, things have taken a negative turn for the world’s most valuable chipmaker. Go to Source
Q2 earnings: AI sector enters flat spin as consumer disinterest in chatbots intensifies
Despite unbridled optimism and massive spending, generative AI is still a solution looking for a problem. Go to Source
‘Magnificent seven’ stocks shed $2.6T in lead-up to busy earnings week
The world’s best-performing tech stocks have bled an average $125 billion market cap per day for the past 20 days while crypto market cap has risen 11%. Go to Source
Microsoft investors’ fears escalate over AI’s slow payoff
Microsoft investors are increasingly anxious about the slow financial returns from its significant investments in artificial intelligence, despite Azure’s steady growth. Go to Source
How decentralization could have prevented the global Microsoft meltdown
The recent Microsoft failure shows how vulnerable centralized systems are. Go to Source
CrowdStrike stock falls another 13% on Monday, days after global IT outage
“We are likely to experience similar incidents,” said Binance CSO Jimmy Su in the wake of the global computer outage. Go to Source
Microsoft blames Crowdstrike meltdown on 2009 European Union deal
The security incident affected 8.5 million Windows systems worldwide as commercial operations were hit with the “blue screen of death.” Go to Source