US CPI Expected to Rise as Market Awaits Fed’s Rate Cut Decision
Curtis DyeKey Insights: July's US CPI is projected to rise 0.2%, sparking speculation on the Fed's rate cut decisions in September.…
Experts Predict Quantum Computing Superiority Within the Next Decade
Key Insights: Over 75% of experts believe quantum computing will surpass classical computing for key workloads within ten years. Major…
Perplexity AI Grows Rapidly Amid Controversy Over Data-Gathering Methods
Key Insights: Perplexity AI's revenue jumps seven-fold in 2024, fueled by a $250M funding round and a pivot to ad-based…
Court Approves $12.7B Settlement for FTX, Alameda in CFTC Case
Key Insights: FTX and Alameda settle a $12.7B lawsuit with the CFTC, directing all funds to repay defrauded creditors. Judge…
Crypto Coalition Urges Biden and Harris for Clear Digital Asset Regulations
Key Insights: Crypto coalition demands clear U.S. regulations, citing consumer harm and loss of market share to unregulated entities. Bipartisan…
Tim Walz Chosen by Kamala Harris as Running Mate for 2024 Election
Key Insights: Kamala Harris taps Minnesota Governor Tim Walz as VP pick, aiming to win rural voters in critical Midwestern…
John Schulman Leaves OpenAI for Rival Anthropic to Focus on AI Alignment
Key Insights: John Schulman joins Anthropic to pursue AI alignment, marking a major leadership shift at OpenAI. Elon Musk sues…
AI Boom Spurs Surge in Utility Stocks as Power Demand Soars
Key Insights: Utility stocks attract investors due to rising AI power demand, offering a cheaper alternative to high-priced tech stocks.…
Suno and RIAA Battle Over AI’s Use of Copyrighted Music in Training
Key Insights: Suno admits to using copyrighted music for AI training, asserting fair use in ongoing RIAA lawsuit. RIAA challenges…
Samsung’s Q2 Earnings Skyrocket as AI Demand and Chip Prices Drive Growth
Key Insights: Samsung's Q2 profit jumps 15-fold to $7.52B, fueled by AI-driven chip demand. AI server demand boosts Samsung's chip…
Judge Delays Former FTX Executive’s Prison Reporting Due to Dog Bite Injury
Key Insights Ryan Salame’s prison reporting delayed due to severe dog bite injuries needing treatment and surgery. FTX's legal saga…
Apple Adopts Google TPUs for Efficient Scalable AI Model Training
Key Insights: Apple chooses Google's TPUs over Nvidia's GPUs, indicating a strategic shift in AI model training. Apple Intelligence debuts…
Ethereum ETFs Drive $2.2B Inflows as Grayscale Faces $285M Outflows
Key Insights Spot Ether ETFs debut in the US, generating $2.2 billion in inflows and driving a 542% rise in…
August to Witness Massive $1.5B Crypto Token Releases from Top Projects
Key Insights: Ripple will unlock 1 billion XRP tokens on August 1 but typically re-locks a significant portion to control…
Power Grid Faces Strain from Surging AI Data Center Electricity Needs
Key Insights: AI-driven data centers' power consumption could rise to 16% of total U.S. power by 2030, straining the aging…
BlackRock’s Mitchnick Foresees Limited Expansion of Crypto ETFs
Key Insights BlackRock's Robert Mitchnick sees limited expansion of crypto ETFs, focusing mainly on Bitcoin and Ethereum. Mitchnick highlights Bitcoin…