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Google caps Meta's use of its Gemini AI models
Google has put a definite cap to how much of its Gemini AI platform Meta is allowed to make use of after the tech and media company’s demand for AI compute exceeded available capacity, according to a Financial Times report. Alphabet’s cloud division informed Meta around March that its Gemini capacity demands could not be...Cryptopolitan
Mon, Jun 29
StorX Strengthens Its DePIN Infrastructure by Operating XDC Masternodes for the AI Era
StorX Network is expanding its infrastructure role within the XDC ecosystem by operating XDC masternodes, strengthening its position as more than a decentralized storage application and becoming an active participant in the blockchain network that supports its DePIN storage layer. StorX shifts from being a large application on XDC to also being part of the...Cryptopolitan
Mon, Jun 29
Kiwoom is looking to acquire a stake in Bithumb
South Korean financial services company Kiwoom Securities is currently in talks to acquire a stake in Bithumb, the country’s second-largest crypto exchange. The deal will be fulfilled through a third-party allotment of newly issued shares, under which Kiwoom would acquire new shares issued by Bithumb. However, the exact stake and investment are yet to be...Cryptopolitan
Mon, Jun 29
Ripple Price Forecast: XRP stabilizes as support holds amid steady ETF inflows
Ripple (XRP) pares losses and trades around $1.05 at the time of writing on Monday. The cross-border remittance token is attempting a recovery after last week’s sell-off, which intensified as the United States (US) and Iran exchanged fire.
Fxstreet
Mon, Jun 29
BitMEX clears upper management roles as CFO, CEO, growth head leave roles
BitMEX made the unprecedented move of replacing three of its top executives in one fell swoop when it let its chief executive (CEO) Stephan Lutz, chief financial officer (CFO) Ina Steiner, and chief growth officer Raphael Polansky exit the building all at once. Peter Wilkinson, the man who used to hold the role of BitMEX’s...Cryptopolitan
Mon, Jun 29
South Korea unveils $1 trillion chip and AI plan as regional rivals pour billions into the race
South Korea has announced that it is lining up about $1 trillion to invest in semiconductor manufacturing, AI data centers, and robotics infrastructure across the country. The country’s president, Lee Jae-myung, stated that the investment is essential for South Korea to keep pace with its neighbors who are already spending heavily on the same technologies....Cryptopolitan
Mon, Jun 29
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US Stocks Close: Nasdaq Rises 1.1% as Tech Stocks Rebound, Memory Stocks Lead Gains With Micron Up Nearly 3%
Today’s Market Recap: U.S. Stocks Rebound as Nasdaq Gains 1.11%, Memory Chip Stocks Rally, SanDisk Jumps 5.5%
Tesla Q3 Earnings Preview: Can Auto Margins Stabilize? Wall Street’s Highest Price Target at $550
The Week Ahead: Tesla, Meta and WDC Earnings Take Center Stage as US Q3 Earnings Season Enters Key Trading Window
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