The cryptocurrency landscape has witnessed monumental upheavals, and at the center of one of the most significant scandals is FTX, once a behemoth valued at an astronomical $32 billion. The downfall of this exchange is emblematic of the volatile nature of digital currencies and the financial systems using them. Sam Bankman-Fried, the founder of FTX,
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In recent years, sovereign wealth funds (SWFs) from the Middle East have increasingly positioned themselves as formidable players in the global technology investment landscape, particularly in the domain of artificial intelligence (AI). With ambitious goals to diversify their economies beyond oil, nations such as Saudi Arabia, the United Arab Emirates (UAE), Kuwait, and Qatar are
Elon Musk has consistently been at the forefront of technological innovation, and his recent ventures in supercomputing further exemplify his commitment to reshaping entire industries. As the CEO of both Tesla and his newly established artificial intelligence (AI) company, xAI, Musk envisions a future where AI becomes an integral pillar of his businesses. He has
In a remarkable leap towards growth, Physics Wallah, an Indian education technology startup, recently announced it has secured $210 million in funding. This capital raise, led by Hornbill Capital with contribution from notable investors such as Lightspeed Venture Partners, GSV, and WestBridge, marks a substantial increase in the company’s valuation—from $1.1 billion to an impressive
In a significant development for the artificial intelligence landscape, Alibaba has unveiled over 100 open-source AI models aimed at diversifying its applications across various sectors. Dubbed Qwen 2.5, these models primarily target industries including automotive, gaming, and scientific research. This unveiling not only enhances Alibaba’s proprietary technology but also signals its intent to bolster its
On a pivotal Wednesday for tech accountability in electoral integrity, significant participants like Alphabet, Meta, and Microsoft convened on Capitol Hill for a hearing spearheaded by the Senate Intelligence Committee. In stark contrast, Elon Musk’s social media platform, X, was notably absent from the proceedings, raising eyebrows among lawmakers and the public alike. The hearing
The much-anticipated Apple Watch Series 10 has officially arrived in stores, marking a significant milestone as Apple celebrates a decade in the wearables market. Having spent several days rigorously testing this latest model, I can confidently say that while it may not reignite the passion of every tech enthusiast, it does offer enough enhancements to
In a significant development for labor rights and union representation, hundreds of Amazon delivery drivers based at a facility in Queens, New York, have taken a historic step by joining the International Brotherhood of Teamsters. This movement, announced on a recent Monday, highlights a notable rise in organizing efforts within Amazon’s vast logistics network. The
In recent weeks, the world of bitcoin has witnessed a dramatic juxtaposition of highs and lows, captivating the attention of cryptocurrency followers. On one hand, a substantial increase of 12% in value over a seven-day span has reinvigorated the enthusiasm among investors. Additionally, the network hash rate, which represents the total computational power contributed by
As Saudi Arabia positions itself as a growing player in the global artificial intelligence (AI) landscape, the hope of accessing advanced technology from U.S. chipmaker Nvidia signifies a potential leap forward. Abdulrahman Tariq Habib, Deputy CEO of the Saudi Data and AI Authority (SDAIA), recently expressed optimism regarding the kingdom’s expected acquisition of Nvidia’s high-performance