OpenAI Targets $150B Valuation With Recent Funding
Sam Altman OpenAI seeks a $150B valuation in new funding led by Thrive Capital, with AI growth discussions from Microsoft, Nvidia, and Apple. OpenAI, founded by Sam Altman, is negotiating to secure a funding round to elevate its valuation to $150 billion. Microsoft and Nvidia are in discussions to participate, while Thrive Capital is anticipated […]
Citi Analysts Predict 1.25% Fed Rate Cut From Inflation Data
Citi analysts anticipate a 1.25% Fed rate cut in 2024 despite the cooling US CPI inflation data and quoting stable core PCE inflation. The recent US CPI inflation data has reignited debates regarding the potential Fed rate cut in September. Although many experts have reduced their predictions for a 125 basis point rate reduction in […]
Nvidia Stock Rises Amid US-Saudi Arabia Offer, AI Coins Up?
Nvidia stock soars as the US is considering approving a request to export advanced processors to Saudi Arabia, which can potentially increase the price of AI coins. According to recent reports, the US government is currently considering the approval of Nvidia ‘s request to export advanced processors to Saudi Arabia. Some experts believe that this […]
Cofounder Says Movement Labs To Target 1-sec L2 Finality
By the end of 2024, Movement Labs intends to introduce a new system to rapidly resolve transactions directly on layer 2 (L2) scaling networks. Rushi Manche, Movement Labs co-founder, has affirmed that the company intends to introduce a novel mechanism for expediting the settlement of transactions directly on layer 2 (L2) scaling networks by the […]
Scam Video Of Fake Apple CEO Seen Amid iPhone 16 Launch
A deepfake of Apple CEO Tim Cook requested that viewers deposit cryptocurrency into a wallet address to execute the common “double-your-money” fraud. YouTube was filled with livestreams showcasing deepfakes of Apple CEO Tim Cook, which promoted cryptocurrency schemes in the tech giant’s livestream to unveil its most recent iPhone model. In one of the Sept. […]