Russia is currently facing ongoing financial pressure from Western sanctions, and as a response to this, the country is considering legalizing the use of cryptocurrency for international payments. This move comes as a significant shift from the Russian central bank’s previous stance on the technology. The State Duma, the lower house of the Russian Parliament,
Enterprise
In a surprising move, Apple announced on Monday that it had chosen Google’s Tensor Processing Unit (TPU) for training the artificial intelligence models that power its Apple Intelligence system. This decision marks a significant shift away from the dominance of Nvidia’s GPUs in high-end AI training chips. The revelation came in a technical paper released
The cryptocurrency market kicked off the final week of July with Bitcoin rising by 2% to $69,640.00, and Ether increasing by 3% to $3,382.15, according to Coin Metrics. This positive movement comes as investors return to the market after a mixed performance last week, where Bitcoin gained 1% and Ether dropped by 7%. Traders are
Former President Donald Trump’s recent keynote speech at the Bitcoin Conference in Nashville, where he hinted at a potential U.S. Bitcoin strategic reserve currency, fell short of offering a groundbreaking solution. While Trump’s proposal to maintain the current level of Bitcoin holdings acquired from financial criminals is a step in the right direction, it lacked
When former President Donald Trump took the stage at the biggest bitcoin conference of the year in Nashville, it marked a significant turning point in the landscape of American politics. Trump’s appearance at the conference, alongside his hosting of a high-priced fundraiser, underscored the increasing importance of the fintech sector in shaping the upcoming 2024
SK Hynix, a major player in the memory chip industry, has announced plans to invest a staggering 9.4 trillion Korean won to build a new semiconductor manufacturing plant in South Korea. The construction of this fabrication plant, located in South Korea’s Yongin Semiconductor Cluster, is a strategic move in the country’s ambitious plans to establish
In the second quarter, Apple faced tough competition in the Chinese smartphone market and was edged out of the top five vendors list. This was primarily due to the increasing dominance of domestic brands such as Huawei. Apple’s market share in China dropped to 14%, down from 15% in the first quarter and 16% in
SK Hynix, a major player in the memory chip industry, recently reported its second-quarter results. The company’s revenue of 16.42 trillion Korean won and operating profit of 5.47 trillion Korean won exceeded expectations. The strong performance was attributed to the increasing demand for memory products, especially high-bandwidth memory needed for AI computing. This surge in
Elon Musk, the CEO of Tesla, recently sparked curiosity by posting an informal poll on social media platform X, proposing a $5 billion investment into his latest venture, xAI. This move raised eyebrows and fueled speculation among investors and enthusiasts alike. Following Tesla’s second-quarter earnings call that fell short of analysts’ expectations, Musk took to
Wiz’s decision to walk away from a $23 billion deal with Google has sparked discussions in the tech industry. The co-founder, Assaf Rappaport, cited antitrust and investor concerns as part of the motivation behind this decision. This move signifies a shift towards prioritizing their initial public offering and reaching $1 billion in annual recurring revenue.