In an unexpected turn of events, OpenAI has issued a strong rebuttal to Elon Musk's recent lawsuit against the company. The artificial intelligence startup, in an internal memo circulated among its employees, expressed its unequivocal disagreement with Musk's claims. Elon Musk, a co-founder of Open AI who is no...
Read moreIntel, the renowned U.S. chipmaker, has set its sights on revolutionizing the tech industry with its focus on AI-enabled PCs. The company aims to provide core processors for up to 100 million artificial intelligence-enabled PCs by 2025, marking a significant shift in the way PCs are designed and utilized....
Read moreWhen Michael Saylor of MicroStrategy appeared on CNBC's "Closing Bell: Overtime" in December to discuss cryptocurrency, he emphasized that bitcoin's forward momentum in 2024 makes a strategy centered around it relatively safe for institutions. While the long-term security of bitcoin remains a topic of debate, Michael Saylor's approach has...
Read moreIn the ongoing legal saga surrounding FTX co-founder Sam Bankman-Fried, his defense team has proposed a maximum sentence of 6 1/2 years in prison. The recommendation comes in response to the potential of a 20-year sentence for Bankman-Fried's alleged involvement in a cryptocurrency exchange fraud scheme. Sam Bankman-Fried, a...
Read moreA novel partnership has emerged in the world of semiconductor development as a Japan government-backed research group collaborates with US startup Tenstorrent Inc., led by renowned veterans from Apple and Tesla. This strategic alliance aims to spearhead the design of Japan's first cutting-edge AI chip, marking a significant milestone...
Read moreMicroStrategy Inc., recognized as the largest publicly traded corporate holder of Bitcoin, fell victim to a phishing attack that targeted its X account, resulting in unsuspecting users losing $440,000. According to Bloomberg, the incident, now under scrutiny by crypto security analysts, unfolded with alarming consequences as some users unwittingly...
Read moreNvidia Corp.'s stock surge resulted in short sellers facing approximately $3 billion in paper losses, marking a challenging situation for bearish traders, according to an analysis by S3 Partners LLC. Nvidia is the third-largest short in the US, as reported by S3. The significant mark-to-market losses are a setback...
Read moreIn a groundbreaking milestone for private space exploration, a Houston-based startup has achieved a historic feat as their lander touched down on the moon. This remarkable accomplishment marks the first time a private spacecraft from the United States has landed intact on the lunar surface. The event, which took...
Read moreThe gaming industry is booming, and Roblox game developers are reaping the benefits like never before. In a recent announcement, Roblox revealed that it paid out a record-breaking $740.8 million to game creators in 2023, marking a significant increase of approximately 19% from the previous year's payout of $623.9...
Read moreIn a move to promote quality journalism and support local news outlets, Indonesia has mandated that tech giants Meta Platforms Inc. and Alphabet Inc. must enter into commercial agreements with Indonesian news publishers to use their content. This regulation aims to ensure fair compensation for the use of news...
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