Cathy Wood, CEO of Ark Invest, openly criticized Vanguard’s decision to turn off Bitcoin ETF from its offerings. This position of Vanguard, a giant in the investment sector, differs sharply from the growing adoption and integration of cryptocurrency into mainstream financial portfolios. Wood’s criticism is not just a lone voice, but a reflection of a … Read more
The US Securities and Exchange Commission (SEC) recently faced a significant cybersecurity challenge when its account on social media platform X (formerly known as Twitter) was compromised. This incident, which occurred on January 9, 2024, raised serious questions about the reliability of cybersecurity practices at both the SEC and social media platforms in general. Background … Read more
Nvidia, a leading technology company known for its powerful graphics processing units (GPUs), recently reported remarkable financial results results for Q3 fiscal 2024. The company’s performance is a strong testament to its growing influence and success in AI (AI) and GPU markets. In the third quarter of fiscal 2024, Nvidia saw its data center revenue … Read more
The exponential growth of large language models (LLMs), such as OpenAI’s ChatGPT, marks significant advances in AI, but raises critical concerns about their extensive resource consumption. This problem is particularly acute in resource-constrained environments such as academic labs or smaller technology firms that struggle to match the computing resources of larger conglomerates. A recent research … Read more
The US Securities and Exchange Commission (SEC), led by Chairman Gary Gensler, has approved several spot bitcoin exchange-traded funds (ETFs), a move that marks a significant shift in the cryptocurrency’s regulatory landscape. This development comes after years of hesitation and outright rejection of such proposals, highlighting the evolving nature of digital asset regulation and the … Read more
The government of Venezuela has officially announced the discontinuation of its national cryptocurrency, the Petro (PTR), effective January 15, 2024. Launched in 2018, the Petro was touted as an oil-backed digital currency aimed at circumventing US sanctions and easing economic pressure from the devaluation of the bolivar, Venezuela’s fiat currency. However, Petro’s journey has been … Read more
It was recently reported that Do Kwon, the co-founder of Terraform Labs, did News asking that his US trial, currently scheduled for January 29, be postponed until mid-March. Ongoing extradition problems in Montenegro, which make it difficult for him to physically attend the trial, are the source of this request. In February 2023, the United … Read more
Overview of Smodin Smodin is a multifunctional All-in-One online AI writer and rewriter, offering a range of tools designed to facilitate the content creation process. Its services include AI-powered writing assistance, plagiarism prevention, automatic citation generation, and a multitude of language applications. Smodin supports over 100 different languages and is utilized by more than 100,000 … Read more
IBM and SAP, two leading forces in technology and corporate solutions, have announced an innovative partnership to revolutionize the consumer packaged goods and retail industries. The collaboration focuses on using generative AI to improve various aspects of business, such as supply chain, financial operations, sales and services. This initiative aims to drive efficiency, reduce waste … Read more
The impact of artificial intelligence (AI) on the job market is becoming increasingly apparent, especially in the field of software engineering. A survey conducted by Motherboard and Blind of 9,388 engineers revealed the stark reality: around 90% of engineers now find it harder to secure a job compared to the pre-pandemic era, with 66% saying … Read more