Citron crypto-skeptic Andrew Left to face fraud charges
The crypto-skeptic could spend 25 years behind bars should he be convicted on all 18 fraud-related charges. Go to Source
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Nvidia supercomputer shows potential path to quantum computing
Quantum annealing systems could impact the finance and blockchain industries in a major way. Go to Source
AI and Metaverse Combo Could Create More Interactive, Personal Virtual Worlds, Says Tech Veteran
According to Paul Thomas, a seasoned technologist and founder at Somnia, artificial intelligence (AI), like the metaverse before it, is currently experiencing hype. This hype cycle will continue to be in vogue before eventually waning. Thomas argues that combining the metaverse with AI can potentially “make virtual environments interactive and personal.” AI Hype Cycle Expected … Read more
TSMC becomes first Asian company to reach $1T as AI demand surges
The company is now worth more than Broadcom and closing in on Meta. Go to Source
Nvidia claims breakthrough on path to GPU-based quantum computing
Quantum annealing systems could impact the finance and blockchain industries in a major way. Go to Source
Skild AI announces $300M funding from Jeff Bezos, Softbank to build ‘robot brains’
Another unicorn has entered the race the develop human-level AI. Go to Source
Big Tech faces financial reckoning if human-level AI doesn’t happen soon
Sequoia Capital says the industry needs to make up about $600 billion in profit before the current expenditure starts to make sense. Go to Source
Microsoft, Google, Nvidia and more filed SEC warnings that AI could ruin business
The reasons ranged from cannibalizing their own businesses to releasing potentially inferior products. Go to Source
Softbank lost 99% when the dotcom bubble burst, now it’s all-in on AI
Softbank Group stocks reached an all-time-high on a market capitalization of $97.2 billion. Go to Source
Over 50% of US hedge funds have exposure to Bitcoin as BTC crushes stocks in 2024
Millennium Management, holding 27,263 BTC worth $1.69 billion, has allocated about 2.5% of its $67.7 billion in total assets under management to Bitcoin. Go to Source