Former President Donald Trump recently made headlines by addressing the topic of establishing a U.S. bitcoin strategic reserve during his keynote speech at a major bitcoin conference. Despite considerable speculation, Trump fell short of committing to the creation of an official U.S. bitcoin strategic reserve. Instead, he merely pledged to maintain the current level of
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In recent months, the landscape of Silicon Valley’s generative AI sector has seen a significant shift, with startups like Inflection AI and Adept facing challenges due to financial constraints. This has led to founders and key executives quietly leaving these companies to join tech giants like Microsoft and Amazon. While these moves may not be
While X’s owner and CEO continue to tout the app‘s surging popularity and record high usage, the financial outlook for X appears bleak. Despite efforts to attract advertisers, internal documents obtained by The New York Times reveal that X’s revenue has been on a steady decline. In the second quarter of this year, X earned
As the back-to-school season approaches, students and professionals alike are looking for ways to spruce up their home offices or study spaces. One exciting find is 8BitDo’s Retro Mechanical Keyboard, available at a discounted price on Woot. The “N Edition” model, inspired by the original NES controller, is currently priced at $69.99, while the Famicom-inspired
SK Hynix, a leading memory chip manufacturer, announced plans to invest a staggering 9.4 trillion Korean won ($6.8 billion) to construct a state-of-the-art semiconductor manufacturing plant in South Korea. The new fabrication plant, located in the Yongin Semiconductor Cluster just south of Seoul, represents a significant milestone for the company. With construction scheduled to commence
SK Hynix, a key player in the memory chip industry, recently announced its second-quarter results, showcasing a remarkable performance. The company reported revenue of 16.42 trillion Korean won and operating profit of 5.47 trillion Korean won, marking the highest level in six years. These outstanding results can be attributed to SK Hynix’s continued dominance in
Elon Musk, the CEO of Tesla, recently took to social media to gauge public opinion on whether Tesla should invest $5 billion into his latest startup venture, xAI. This informal poll sparked interest and speculation among investors and followers of Musk’s various ventures, including Tesla, SpaceX, The Boring Company, Neuralink, and X Corp. The question
Wiz, a cloud security company founded in 2020, recently made headlines by turning down a $23 billion acquisition offer from Google. Despite the potential to become Google’s largest-ever deal, Wiz decided to stick to its original plan of pursuing an initial public offering (IPO). This move came as a surprise to many, given the significant
The ambitious plan by California Forever, a group of Silicon Valley investors, to build a new city 60 miles away from San Francisco has hit a roadblock. The project is now on hold for a minimum of two years pending an environmental impact study, as reported by The New York Times. The delay comes after
Apple, known for its hefty investments in Hollywood projects, may need to rethink its strategy in the face of recent production losses in the streaming industry. Senior executives at Apple, including Eddy Cue, are reportedly tightening the reins on project budgets in an effort to make the Apple TV Plus streaming service more financially sustainable.