Bitcoin ‘Halving’ Cuts Supply of New Tokens in Threat to Miners
Bitcoin, the leading cryptocurrency, recently underwent a highly anticipated software upgrade known as the "halving." This event, which occurs approximately every four years, has significant implications for the cryptocurrency market and the mining community. The Bitcoin halving event involves cutting the reward given to miners for verifying transactions on...
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Meta Debuts Llama 3, Latest AI Model for Powering Chatbots
Meta Platforms Inc., the parent company of Facebook, has introduced its latest innovation in artificial intelligence with the debut of the Llama 3 model. This new AI technology marks the company's ongoing efforts to stay competitive in the rapidly evolving landscape of AI model, where companies like OpenAI and...
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Microsoft’s $13 Billion OpenAI Deal to Avoid Formal EU Probe
In a significant development, European Union merger watchdogs have given the green light to Microsoft Corp.'s massive $13 billion investment in OpenAI Inc., thereby avoiding a formal investigation that could have potentially disrupted the burgeoning relationship between the two tech giants. The European Commission's decision not to launch a...
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US awards Samsung $6.4 billion in grants to boost Texas chip output
In a significant move to bolster U.S. chip manufacturing, the Biden administration has announced a groundbreaking $6.4 billion grant for South Korea's tech giant Samsung. This funding, provided through the 2022 Chips and Science Act, aims to support Samsung's expansion of chip production facilities in central Texas. The Department...
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Microsoft Invests $1.5 Billion in UAE’s G42, Will Get Board Seat
Microsoft Corp. has announced a significant investment of $1.5 billion in G42, the top artificial intelligence (AI) firm based in the United Arab Emirates. This strategic move comes after G42, headquartered in Abu Dhabi, made a groundbreaking decision to cut ties with China as part of a deal with...
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