In the face of ongoing financial pressure from Western sanctions, Russia is considering legalizing the use of cryptocurrency for international payments. The State Duma, the lower house of the Russian Parliament, is set to discuss a new law that would allow settlements in cryptocurrencies within an experimental regime. This groundbreaking move represents a shift in
Enterprise
Apple recently revealed that it had chosen Google’s Tensor Processing Unit (TPU) for training its artificial intelligence models, a surprising deviation from the dominance of Nvidia in the high-end AI training chip market. This decision sheds light on the increasing competition among Big Tech companies for cutting-edge AI capabilities. Apple’s AI system, Apple Intelligence, was
Cryptocurrencies experienced a surge at the beginning of the final week of July as traders absorbed a series of political events that unfolded over the weekend and looked forward to upcoming central bank meetings. Bitcoin saw a 2% increase, reaching $69,640.00, while Ether also rose by 3% to $3,382.15. This positive momentum comes after Bitcoin
Former President Donald Trump spoke at a major Bitcoin conference in Nashville, where he subtly hinted at the potential establishment of a U.S. Bitcoin strategic reserve. However, instead of making any concrete promises, Trump stated that he would preserve the current level of Bitcoin holdings seized from financial criminals by the U.S. government. This approach
Former president Donald Trump made headlines by headlining the biggest bitcoin conference of the year, showcasing a stark transformation in his attitude towards the cryptocurrency. Despite publicly dismissing bitcoin during his time in the White House, labeling it as a “scam” and expressing his preference for the dollar as the global currency, Trump’s recent engagement
Memory chip giant SK Hynix recently announced plans to invest a massive 9.4 trillion Korean won ($6.8 billion) in the construction of a new semiconductor manufacturing plant in South Korea. The fabrication plant, also known as a fab, will be located in the Yongin Semiconductor Cluster, just south of Seoul, South Korea’s capital. This investment
In the fiercely competitive Chinese smartphone market, Apple has been pushed out of the top five vendors list in the second quarter. This decline is attributed to the growing dominance of domestic brands like Huawei in the region. Canalys, a market research firm, reported that Apple’s market share in China dropped to 14% in the
In a recent announcement, SK Hynix, a global leader in memory chip production, revealed that its second-quarter profit has reached the highest level in six years. The company’s success can be attributed to its stronghold in advanced memory chip technology, particularly those crucial for artificial intelligence (AI) computing. SK Hynix reported significant growth in both
Elon Musk, the CEO of Tesla, recently took to social media to conduct an informal poll asking whether his company should invest $5 billion into his latest startup, xAI. This move raised eyebrows as Musk is already juggling multiple ventures including Tesla, SpaceX, The Boring Company, Neuralink, and X Corp. The fact that he is
Wiz, the cloud security startup, has made a bold decision to walk away from Google’s $23 billion acquisition deal, citing reasons related to antitrust and investor concerns. This move came as a surprise to many, especially considering the significant valuation it could have brought to the startup. Despite the enticing offer from Google, Wiz has