Innovations, gadgets, and tech industry news.
Bitcoin miners are switching to AI as profits decline even though the Bitcoin network is surging to its all-time-high power levels. The Bitcoin network has reached an all-time high in power in 2024 in terms of hash rate, which means unproportionally large computational powers securing the network. Despite reaching that all-time high in hash rate,…
Ransomware has always plagued the U.S.; the recent attack on Ohio’s municipality this past July has been more severe than the mayor admitted. Currently, in a lawsuit appearing in courts, there is the city of Columbus, Ohio, on one side, and a dark web researcher who says his name is Ross Goodwolf. The city recently…
In the aftermath of the infamous FTX blowout, Caroline Ellison, the former CEO of Alameda Research, caught herself in the midst of a judiciary storm, fervently hoping to dodge a possible lengthy prison sentence. The legal machinery grinding towards her sentencing on September 24, 2024, makes the unfolding scene around Ellison complex-cooperation and consequence intertwined…
Falling not behind in the Artificial Intelligence (AI) race, China wants to challenge the United States, creating their own AI model in the past 18 months. Pressing forward vigorously by September 2024, China’s artificial intelligence capabilities are doggedly rivaling the United States’ in this highly sensitive area of technology. This is not only about technological…
The Coinbase-backed lobby urges ABC to make cryptocurrency one of the central discussion points and to present their stand in the forthcoming presidential debate. Since then, the Coinbase-backed lobby has been pushing ABC to include a discussion on cryptocurrency during the upcoming presidential debate between Trump and Harris. This reflects how increasingly relevant the world…
The US e-commerce giant Amazon Web Service is to invest £8 billion ($10.45 billion) over the next five years in the UK to build AI and cloud infrastructure. Amazon is said to invest £8 billion in the UK to create more extensive cloud computing and AI infrastructure in the UK via AWS. In return, this…
On Tuesday, Japan’s SoftBank Group expected that it would record a return to profit when it reports first quarter profits since its portfolio of technology companies has recovered. The Technology sector holdings in its Vision Fund investment arm saw a recovery, analysts said. The vision fund portfolio has declined, and the tech investor has posted…
China is considered the world’s largest mobile market, for which the chief executive of Samsung Electronics said they are “going in the right direction” in China. They have boosted their premium offers and made partnerships with regional content companies in the process of raising their lagging market share. According to TM Roh, the head of…
