The year 2024 has seen a significant increase in cryptocurrency theft, with hackers more than doubling their spoils compared to the previous year. According to a report by blockchain research firm TRM Labs, a total of $1.38 billion worth of crypto was stolen between January 1 and June 24, which is more than twice the
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Recent reports indicate that Germany’s government has been actively selling significant amounts of bitcoin, resulting in a notable sell-off in the cryptocurrency market. The German Federal Criminal Police Office, commonly known as the Bundeskriminalamt (BKA), initiated the sale by disposing of 900 bitcoins in June and followed it up with the sale of an additional
Aidan Gomez’s journey in the field of artificial intelligence has been nothing short of remarkable. Starting as an intern at Google Brain, Gomez played a pivotal role in co-authoring the groundbreaking “Attention Is All You Need” paper, which introduced the revolutionary transformer model to the world. His work has since led to the widespread adoption
The stock of Samsung Electronics reached its highest level since January 2021 following the announcement of better-than-expected profits for the second quarter. The South Korean tech giant saw an increase in its stock price by as much as 2.24% on Friday morning, trading at 86,500 Korean won ($62.73) according to LSEG data. This surge came
Recently, the European Union has decided to increase tariffs on electric vehicles imported from China. This decision comes after the European Commission conducted an investigation that revealed producers of battery EVs in China were benefiting from “unfair” subsidization. The tariffs, ranging from 17.4% to 37.6%, are set to take effect on Friday, affecting automakers like
The Chinese electric vehicle maker BYD is making significant strides in the battery electric vehicle (BEV) market, with expectations to surpass Tesla in sales this year. According to a recent report from Counterpoint Research, BYD’s market share for BEVs is projected to surge, highlighting the evolving landscape of the global EV market. In the second
Salesforce, a widely recognized and successful software company, faced criticism from investors due to its compensation plan for top executives. The company’s CEO, Marc Benioff, received a significant increase in total pay for the 2024 fiscal year, which raised concerns among shareholder advisory groups. This article delves into the details of the controversy surrounding Benioff’s
The European Union regulators have recently accused Meta, the parent company of Facebook, of violating antitrust rules by failing to comply with the bloc’s regulations regarding its new ad-supported social networking service. The Commission has criticized Meta’s ad-supported subscription option, labeling it as a “pay or consent” model, which essentially forces users to either pay
Google recently announced a partnership with BlackRock to develop a 1 gigawatt pipeline of new solar capacity in Taiwan. This initiative is part of Google’s efforts to boost energy capacity and reduce carbon emissions as the demand for artificial intelligence technology continues to grow. Capital Investment in New Green Power Google’s investment in Taiwanese solar
Mt. Gox, once the largest spot bitcoin exchange in the world, met a tragic end a decade ago after being hacked and declaring bankruptcy. The platform claimed to handle around 80% of all global dollar trades for bitcoin and was a pivotal player in the cryptocurrency market. The company, whose name was derived from “Magic:
In a strategic move to boost its cloud infrastructure services, Amazon Web Services (AWS) has announced that it will double the value of credits offered to some startups. This initiative comes as AWS faces stiff competition from Microsoft in the realm of artificial intelligence services. Starting July 1, startups that have recently raised a Series
Amazon is making significant strides in the field of artificial intelligence by acquiring talent from AI startup Adept. The move, which involves hiring key members of Adept’s team and licensing their technology, demonstrates Amazon’s commitment to advancing its AI capabilities. Rohit Prasad, a senior vice president at Amazon, recently announced in a memo to employees
The recent lawsuit filed by the Center for Investigative Reporting (CIR) against OpenAI and Microsoft highlights a growing concern within the news industry regarding copyright infringement. This lawsuit follows similar legal action taken by other publications, including The New York Times, Chicago Tribune, and the New York Daily News. The CIR accuses OpenAI of using
Nvidia CEO Jensen Huang attributes the company’s success in the artificial intelligence chip market to a strategic bet made over a decade ago. This bet involved significant investment in AI technology, totaling billions of dollars, as well as the recruitment of a team of thousands of engineers dedicated to advancing AI capabilities. During Nvidia’s recent