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Big Tech’s AI obsession costs $200 billion in 2024 and counting
Three months back, Wall Street came down hard on Big Tech for its reckless AI spending spree. Billions poured into development with little return to show. Investors, unimpressed, hit back. The response from Silicon Valley? Spend even more. This year alone, the biggest tech firms (you know, Amazon, Microsoft, Meta, and Alphabet) will collectively burn […]Cryptopolitan
Sun, Nov 3
dYdX price prediction 2024 – 2030: Will dYdX hit $10?
Key Takeaways The dYdX exchange captured significant attention late last year with the launch of its proprietary blockchain. The platform aimed to migrate its existing dYdX tokens from Ethereum to this new mainnet. However, in the fall of 2024, the platform disclosed that it was reducing its workforce by 35%. As dYdX’s on-chain activities surge, […]Cryptopolitan
Sun, Nov 3
Ethereum researchers leave EigenLayer amid conflict of interest tensions
Two high-profile Ethereum researchers, Justin Drake and Dankrad Feist, have stepped down from their advisory roles at EigenLayer, a restaking platform. The announcement came today on X, as both researchers cited their desire to focus entirely on the Ethereum base layer. Drake had already left the position in September but made his exit public today. […]Cryptopolitan
Sat, Nov 2
Q3 sees Google Cloud racing past rivals in high-stakes AI war
Google just surged ahead in the cloud and AI game. Wall Street’s all over this: Google Cloud posted 35% growth in Q3, reaching $11.35 billion. That’s faster than the previous quarter’s 29% growth, and it’s shaking up the market. Investors are noticing that Google’s not just about ads anymore; its cloud segment is bringing in […]Cryptopolitan
Sat, Nov 2
Strong U.S. economy brings big expectations for the next president
The U.S. economy is riding a high wave just days before the November 5 election, with inflation cooling, job growth strong, and home sales on the rise. Americans are spending again, and consumer confidence is at levels not seen since the early days of the pandemic. But the strong economy isn’t just a comfort blanket. […]Cryptopolitan
Sat, Nov 2
Wife of 3AC founder sells Singapore mansion for $38.5 million
Tao Yaqiong, the wife of Zhu Su, co-founder of the bankrupt hedge fund Three Arrows Capital (3AC), sold her Singapore-based mansion for a whopping $38.5 million. She managed to complete the sale despite a court-ordered asset freeze. According to Bloomberg News, property records revealed that Yaqiong began the sale process in July and finalized it […]Cryptopolitan
Sat, Nov 2
