Intel to Cut 15% of Workforce, Reports Quarterly Guidance Miss
Intel shares fell by up to 20% in extended trading on Thursday, August 1, after the company announced it would lay off over 15% of its workforce. This move is…
Bitcoin Falls Below $50K as Crypto Market Sees 17% Decline
Bitcoin’s price has recently dipped below the $50,000 mark for the first time since February, touching a low of $49,351 before showing signs of recovery toward the $51,000 level. This…
Intel Predicts AI in Enterprise to Take Three to Five Years for Full Integration
Most enterprises are currently implementing “proofs of concept” for generative artificial intelligence (gen AI) in their data centers, yet production applications are scarce. According to Intel, this process will take…
$500 Billion Vanished: Crypto Experiences Its Largest Three-Day Decline in a Year
The cryptocurrency market has just undergone its most drastic three-day sell-off in nearly a year, erasing approximately $510 billion in total market capitalization since August 2. This significant downturn in…
Galaxy Research Highlights Long-Term Sustainability Challenges for Bitcoin Layer-2 Rollups
A recent report from Galaxy Research has cast doubt on the long-term sustainability of Bitcoin layer-2 scaling networks, specifically focusing on “rollups.” Despite their current popularity and potential to make…
Imminent Update to Enhance Dogecoin Core Reproducibility
Dogecoin, the leading memecoin, is poised for a significant upgrade with the forthcoming release of Dogecoin Core 1.14.8. This update is geared towards enhancing the reproducibility of the compilation process—a…
Ethereum at Critical Support Level, Risk of Falling Below $2,800 Looms
Ether, the second-largest cryptocurrency by market capitalization, is currently perched precariously at a vital support level. Crypto traders are closely monitoring this situation, as a failure to maintain this support…
Character.AI Founders Return to Google with DeepMind Integration
Former Google engineers Noam Shazeer and Daniel De Freitas, founders of the AI startup Character.AI, are rejoining Google along with several team members. They will join Google’s AI unit, DeepMind,…
Trump Expresses Compelled Support for Electric Vehicles Following Strong Endorsement by Elon Musk
Former President Donald Trump recently articulated a nuanced position on electric vehicles (EVs), citing a strong endorsement from Tesla CEO Elon Musk as a significant influence on his stance. Despite…
Meta Engages Hollywood Stars for AI Voice Projects
Meta, the tech giant behind platforms like Facebook, Messenger, Instagram, WhatsApp, and Ray-Ban Meta glasses, is reportedly engaging in talks with celebrities including Awkwafina, Judi Dench, and Keegan-Michael Key to…
Google Withdraws Controversial Olympics Ad Featuring AI-Written Fan Letter
Google is withdrawing an Olympics advertisement for its AI-powered chatbot, Gemini, following extensive backlash. The 60-second commercial, titled “Dear Sydney,” is still available on YouTube but has been removed from…
Zuckerberg and Huang Display Friendship at SIGGRAPH 2024
At SIGGRAPH 2024, a fireside chat between Nvidia CEO Jensen Huang and Meta CEO Mark Zuckerberg took unexpected turns. Initially focused on Nvidia GPUs and Zuckerberg’s vision for AI chatbots,…
FTC and Justice Department Sue TikTok for Alleged Child Privacy Violations
The U.S. Federal Trade Commission (FTC) and the Department of Justice (DoJ) have filed a lawsuit against TikTok and its parent company, ByteDance, alleging violations of the Children’s Online Privacy…
Nvidia AI Chip Delay Threatens Major Tech Giants
Nvidia‘s upcoming artificial intelligence (AI) chips could face a delay of three months or more due to design flaws, according to a report by tech-focused publication The Information on Friday.…
Suno Defends AI Model Training on Copyrighted Music as ‘Fair Use’
Suno, a music generation startup, acknowledged in a court filing on Thursday that it trained its AI model using copyrighted songs, asserting that this practice falls under the fair-use doctrine.…
Digital Chamber Advocates for Senate Support on Lummis’ Bitcoin Reserve Bill
The Digital Chamber, a leading advocate for digital assets in the United States, is actively encouraging US lawmakers to support a groundbreaking bill that aims to integrate Bitcoin into the…
Skype Drops Ads and Adds New AI Features in Latest Update
Microsoft announced that Skype will go ad-free in its latest update, as revealed in a recent blog post. The update eliminates ads from all parts of the platform, including Skype…
New York Authorities File Charges Against Fraudulent Crypto Recovery Firm
Manhattan District Attorney Alvin Bragg has recently unveiled criminal charges against an individual accused of orchestrating a deceitful cryptocurrency asset recovery business. The charges highlight the ongoing efforts by New…
Nvidia Thrives, but Not All Chipmakers Benefit from AI Surge
Recent earnings reports reveal that not all semiconductor companies are reaping the benefits of the AI boom, highlighting the complexities of the semiconductor supply chain and the varying dominance of…
Crypto.com Outstrips Coinbase in Trading Volume Due to Rising Institutional Interest
Crypto.com has recently overtaken Coinbase in terms of trading volume, marking a significant achievement for the centralized crypto exchange (CEX). According to the latest data from Messari, Crypto.com recorded a…