Technology
Delta hires David Boies to seek damages from CrowdStrike, Microsoft after outage
Delta Air Lines has hired prominent attorney David Boies to seek damages from CrowdStrike and Microsoft following an outage this month that caused millions of computers to crash, leading to thousands of flight cancellations. CrowdStrike shares fell as much as 5% in extended trading on Monday after CNBC’s Phil Lebeau reported on Delta’s hiring of […]
Read More
Apple says its AI models were trained on Google’s custom chips
Sundar Pichai and Tim Cook Source: Reuters; Apple Apple said on Monday that the artificial intelligence models underpinning Apple Intelligence, its AI system, were pretrained on processors designed by Google, a sign that Big Tech companies are looking for alternatives to Nvidia when it comes to the training of cutting-edge AI. Apple’s choice of Google’s […]
Read More
Apple will reportedly release artificial intelligence features in October, weeks after iOS 18 update
Apple Intelligence capabilities introduced during Apple’s WWDC2024 in Cupertino, Calif. on June 10th. 2024. Source: Apple Inc. Apple‘s new artificial intelligence features will roll out in October, missing the initial launch of iPhone and iPad software updates, according to a Bloomberg report released on Monday. The company split the Apple Intelligence features from the initial […]
Read More
Temu and Shein’s soaring popularity has Wall Street eyeing China’s influence on tech earnings
In just 17 days after launch, Temu surpassed Instagram, WhatsApp, Snapchat and Shein on the Apple App Store in the U.S., according to Apptopia data shared with CNBC. Stefani Reynolds | Afp | Getty Images Temu and Shein have exploded in the U.S. by going on an online marketing blitz and offering consumers inexpensive goods […]
Read More
Bitcoin nears $70,000 as investors digest Trump crypto comments and look ahead to central bank meetings
Sopa Images | Lightrocket | Getty Images Cryptocurrencies rose to begin the final week of July as traders digested a slew of political developments that took place over the weekend and looked ahead to central bank meetings this week. Bitcoin was last higher by 2% at $69,640.00, according to Coin Metrics. Ether rose 3% to […]
Read More
Trump didn’t match RFK Jr.’s promise to build a ‘bitcoin Fort Knox’ — here’s why
Republican presidential nominee and former U.S. President Donald Trump speaks as he campaigns in Charlotte, North Carolina, on July 24, 2024. Marco Bello | Reuters NASHVILLE — Former President Donald Trump stopped short of promising to establish an official U.S. bitcoin strategic reserve currency during his Saturday keynote speech at the biggest bitcoin conference of […]
Read More
Generative AI requires massive amounts of power and water, and the aging U.S. grid can’t handle the load
Thanks to the artificial intelligence boom, new data centers are springing up as quickly as companies can build them. This has translated into huge demand for power to run and cool the servers inside. Now concerns are mounting about whether the U.S. can generate enough electricity for the widespread adoption of AI, and whether our […]
Read More
How the EV boom led Chinese companies to take over Indonesia’s nickel industry
Nickel mining in Indonesia has surged, making it the world’s top producer of the metal. With over 14 active mines, Indonesia supplies more than 40% of global nickel demand, driven by its crucial role in electric vehicle (EV) batteries. “Nickel is needed for the development of the electric vehicle sector, which is going to benefit […]
Read More
Cryptocurrencies rebound with risk assets, but ether still lower for the week
Crypto prices rose on Friday following two down days in which investors rotated out of risk assets. Bitcoin was last higher by 4.5% at $67,720.83, according to Coin Metrics, and ether advanced 4% to $3,248.25. In equities, the tech-heavy Nasdaq Composite and the broad-market S&P 500 — which suffered their worst single trading day since […]
Read More
Crypto firm Ledger hikes prices of iPod-inspired wallet by 40% and launches new mid-tier option
The Ledger Flex is a new, cheaper hardware crypto wallet from French startup Ledger. It sports an E-ink display and can be used to secure a range of crypto assets. The device is retailing at $249. Ledger Cryptocurrency storage company Ledger is raising the price of its iPod-like Stax hardware wallet by 40% — just three […]
Read More