Fintech

The SORA token provided the trader with a huge profit. But OpenAI’s AI has nothing to do with it

An unknown trader made $176 thousand in profit using the SORA token, which was created shortly after the presentation of the artificial intelligence model of the same name by OpenAI. However, the token has nothing to do with the new AI model, writes CoinMarketCap. According to analysts at Lookonchain, the ... Read more

Reddit agrees to sell its users’ content to train AI

Reddit has signed an agreement with an unnamed company that allows the use of user content on the platform to train an artificial intelligence model, writes Bloomberg. The company told potential investors that the deal, which was signed earlier this year, is worth $60 million per year. This is yet ... Read more

Sony has lost $10 billion in value after lowering projected sales of PlayStation 5

Sony said it expects about 21 million PlayStation 5 consoles to be sold in the fiscal year ending in March. This is down from the previous forecast of 25 million. As a result, the company’s value fell by about $10 billion. According to CNBC, analysts had previously reported that 25 ... Read more

OpenAI completes a deal that values the startup at a whopping $80 billion

OpenAI has completed a deal that values the company at $80 billion or more. This is almost three times higher than it was 10 months ago. This is reported by The New York Times, citing knowledgeable sources. According to them, it is a sale of existing shares as part of ... Read more

Spotify already has more than 600 million monthly active users. What will happen next?

The number of active monthly Spotify users increased by 23% to 602 million in Q4 2023. This is reported by Reuters with reference to the information of the streaming service. This result exceeded the company’s expectations and analysts’ forecasts of 601.33 million users. The number of Premium subscribers, which account ... Read more

Meta will pay Mark Zuckerberg about $700 million in dividends per year

Mark Zuckerberg, CEO of Meta Platforms Inc, will receive about $700 million a year in dividend payments, reports Bloomberg. Meta has declared a quarterly dividend of 50 cents per share for its Class A and Class B ordinary shares, effective March. This is the first time in its history that ... Read more

US court strips Elon Musk of $56 billion in Tesla remuneration

In the United States, a Delaware court has canceled a $56 billion payout to Elon Musk from Tesla. It was the largest compensation deal in the company’s history, writes TechCrunch. The company’s board of directors decided to pay the compensation in 2018. However, the following year, one of Tesla’s shareholders ... Read more

Figure AI, a startup developing humanoid robots, agrees on funding with Microsoft and OpenAI

Figure AI Inc., a startup developing humanoid robots, is negotiating to raise $500 million in a funding round led by Microsoft and OpenAI. This is reported by Bloomberg, citing knowledgeable sources. According to the agency’s source, the startup is looking for additional investors for the deal. According to one of ... Read more

German police seize $2.1 billion worth of bitcoins in online platform case

German prosecutors have temporarily seized nearly 50,000 bitcoins worth about $2.1 billion as part of an investigation into a file-sharing platform that is considered illegal, writes Bloomberg. The case concerns a file-sharing service that operated until 2013. The investigation involves two suspects. DW clarified that one of them is 37 ... Read more

Alphabet received $20.7 billion in net profit in the fourth quarter of 2023

Alphabet, the parent company of Google, reported better-than-expected revenues and profits for the fourth quarter of 2023. However, advertising revenues were below analysts’ forecasts, so the company’s shares fell by more than 6% on Tuesday, writes CNBC. Alphabet’s net profit increased by 52% over the year to $20.7 billion or ... Read more

Tesla increased revenue to $25.2 billion and is working on launching a new generation of cars

In the fourth quarter of 2023, Tesla earned $25.2 billion in revenue. This is 3% higher than in the same period of 2022, when the automaker’s revenue was $24.3 billion. This is stated in the company’s report. Tesla’s revenue in the last quarter of last year was also the highest ... Read more

Apple proposes to the European Commission to open NFC on iPhone for third-party wallets and payment services

The European Commission has received a proposal from Apple to open up NFC on the iPhone and is now collecting public feedback on these commitments. This proposal comes amid an investigation that has focused on Apple’s restrictive practices related to Apple Pay, in particular, the company’s control over access to ... Read more

Stephen Harrison, who posed as HyperVerse CEO, regrets $1.3 billion scam

The actor who was hired to impersonate the CEO of the bankrupt cryptocurrency fund HyperVerse regrets the scam worth about $1.3 billion, writes Ars Technica. This is a scandal surrounding an Englishman named Stephen Harrison, who lives in Thailand. For a long time, he had been impersonating the CEO of ... Read more

Microsoft briefly overtakes Apple as the most expensive public company

Microsoft briefly overtook Apple as the most expensive public company, reports CNBC. This happened the day before during trading. According to MarketWatch, the price of Microsoft’s shares rose by 0.9% during the event. Eventually, the company’s capitalization reached $2.87 trillion. Instead, Apple shares lost 1.1% during trading, so the giant’s ... Read more

Unity lays off 25% of employees as part of the company’s “relaunch”

Unity Software is laying off 25% of the company’s employees, which is 1800 people. The new layoffs are part of the company’s “restart.” The announcement was made in an internal memorandum on Monday, according to Yahoo News. The layoffs are scheduled to be completed by the end of March and ... Read more

Bitcoin value exceeds $45 thousand for the first time since April 2022

The price of Bitcoin has updated its maximum since April 2022 and exceeded $45 thousand during trading the day before. This happened amid optimism about the possible approval of spot bitcoin ETFs (Exchange Traded Funds), writes Reuters. The price of Bitcoin reached a 21-month peak of $45,922 thousand. Last year, ... Read more

OpenAI is going to attract at least $100 billion in new investments

OpenAI is in talks with investors to raise a new round of funding for $100 billion or more. This is reported by Bloomberg, citing knowledgeable sources. According to them, the relevant conditions, valuation, and timing have not yet been finalized and may change. However, CBInsights believes that the realization of ... Read more

Apple faces a large fine in the EU for restricting competition in the App Store

Apple is facing a huge fine in Europe. It could reach 10% of the company’s annual revenue, so it could potentially amount to tens of billions of dollars, reports Bloomberg. It all started with Spotify’s complaint against Apple four years ago. Back then, the streaming service accused the company of ... Read more

Bitcoin’s value exceeds $41 thousand and updates its high in 19 months

The price of Bitcoin has reached its highest level in 19 months and exceeded $41 thousand. This was facilitated by expectations of a reduction in the US discount rate and the approval of a bitcoin exchange fund, reports CNBC. According to Coin Metrics, on Monday in Asia, the cryptocurrency grew ... Read more

Reddit is negotiating a possible IPO in early 2024

Reddit Inc. is again in talks with potential investors about an initial public offering (IPO). This is reported by Bloomberg, citing informed sources. According to them, Reddit is considering an IPO in the first quarter of next year. As a reminder, at the end of 2021, the company submitted an ... Read more

Funding for European tech startups will fall to $45 billion in 2023

The amount of capital invested in European tech startups will decrease to $45 billion in 2023. This is stated in the report of the venture capital company Atomico, writes Reuters. The expected figure is 55% lower than in 2021, when the volume of investments exceeded $100 billion for the first ... Read more

Neuralink managed to raise an additional $43 million in venture capital

Elon Musk’s Neuralink startup has raised an additional $43 million in venture capital. This is stated in a report to the U.S. Securities and Exchange Commission (SEC), according to TechCrunch. According to the document, the previous tranche from Peter Thiel’s Founders Fund increased from $280 million to $323 million in ... Read more

NVIDIA expects to receive about $20 billion in revenue in the fourth quarter

In the third quarter of fiscal year 2024, NVIDIA reported revenue of $18.12 billion. This result is 206% higher than the previous year and 34% better than in the second quarter. This is stated in the company’s statement. The data center division generated revenue of $14.51 billion, up 279% year-on-year ... Read more

Apple receives 36% of Google’s revenue from search advertising in the Safari browser

Google pays Apple 36% of its search advertising revenue in the Safari browser. This was reported by Kevin Murphy, a professor at the University of Chicago and chief economic expert at Alphabet, according to Bloomberg. He voiced this figure while testifying during the US Department of Justice’s trial against the ... Read more

Unity reports $544 million in quarterly revenue and warns of possible layoffs

Unity Software increased its revenue by 69% to $544.2 million in the third quarter of 2023 compared to the same period in 2022. This is stated in a letter to the company’s shareholders. “Our results in the third quarter were mixed. While revenue came in within guidance, we believe we ... Read more