Google is predicted to achieve $54 billion in cloud revenue this year, with Google Cloud Platform accounting for over half of that total for the first time. Despite this growth, Google faces challenges as it remains significantly smaller than competitors like Amazon Web Services and Microsoft Azure. The company’s innovative AI-driven technology is a key ...
The Bitcoin network has achieved a significant milestone by surpassing a hashrate of 1 Zetahash per second (ZH/s) for the first time in its 16-year history. This accomplishment, noted on April 5, reflects a substantial increase in the network’s computational power and decentralization, enhancing its security against potential attacks. The rise in hashrate coincides with ...
The tech industry is experiencing another free-trial era, similar to past cycles like cheaply priced delivery services and ad-free social media. As we venture into 2025, companies like OpenAI and Meta are offering free or low-cost AI products to attract users, while losing money in the process. This strategy draws parallels to previous trends, where ...
Fintech company Robinhood Markets is set to expand its cryptocurrency services to Singapore by 2025, as part of its global growth strategy. This follows the recent acquisition of European digital-assets exchange Bitstamp, which will aid in the Singapore rollout. Robinhood’s CEO, Vlad Tenev, emphasized the company’s aim to be present worldwide. Notably, the demand for ...
The U.K. Competition Appeal Tribunal has ruled that a lawsuit against Apple and Amazon, which accused them of colluding to limit competition, cannot proceed. Consumer law academic Christine Riefa, the plaintiff, was deemed insufficiently independent to represent consumers, as her case relied on third-party funding. The lawsuit alleged that Apple and Amazon restricted the resale ...
In a recent podcast, Microsoft CEO Satya Nadella suggested that intelligent agents will soon replace traditional enterprise applications as the driving force behind global business. This prediction aligns with Salesforce CEO Marc Benioff’s ongoing promotion of agent technology, known as Agentforce, which he believes can significantly enhance business efficiency. Nadella’s remarks position Microsoft as a ...
US bitcoin miners are stockpiling the cryptocurrency to safeguard against rising costs and intense competition. Companies like Mara Holdings and Riot Platforms have raised over $3.7 billion from investors since last November, driven by recent bitcoin prices reaching $100,000. This influx of funds will help them purchase more bitcoin as they navigate tight profit margins ...
The Grayscale Bitcoin Trust (GBTC) is facing significant challenges, experiencing massive outflows that far exceed those of other Bitcoin ETFs. While GBTC has lost over $21 billion since becoming a spot ETF in January 2024, BlackRock’s iShares Bitcoin Trust (IBIT) has surged ahead, attracting nearly $36 billion in inflows. This shift highlights a competitive landscape ...
The Grayscale Bitcoin Trust (GBTC) is facing significant outflows, losing over $21 billion since becoming a spot ETF in January 2024, making it the only U.S. Bitcoin ETF experiencing negative net inflows. In contrast, BlackRock’s iShares Bitcoin Trust (IBIT) has seen immense demand, capturing nearly $36 billion in inflows. Despite GBTC’s struggles, the overall Bitcoin ...
Samsung Electronics, once a leader in memory semiconductors, is currently facing challenges and has fallen behind rival SK Hynix, especially in high-bandwidth memory (HBM) crucial for AI technologies. Due to insufficient investment in HBM, Samsung has seen a significant drop in profits and has lost about $126 billion in Market value. Meanwhile, SK Hynix has ...
