In a provocative statement on CNBC’s “Money Movers,” Michael Saylor, the founder and executive chairman of MicroStrategy, drew an intriguing parallel between Bitcoin and New York City—a hub of economic prosperity he dubbed “Cyber Manhattan.” Saylor’s analogy emerges as Bitcoin hits unprecedented heights, recently reaching an all-time value of $107,162.64 per coin. This comparison is
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On March 6, 2023, the United Kingdom officially initiated the enforcement of the Online Safety Act, a landmark piece of legislation designed to tighten the grip on harmful content across digital platforms. This new statute requires companies like Meta, Google, and TikTok to not only acknowledge their role in online safety but also to implement
Bitcoin has taken a jubilant leap, reaching an unprecedented peak of $106,509 this past Sunday night. Investors have shown a renewed fervor as they anticipate a significant interest rate decrease from the Federal Reserve, expected to be announced later this week. The most prominent cryptocurrency recorded a remarkable rise of over 4%, culminating at $105,207
China has found itself at a significant crossroads in the realm of satellite internet, striving to rival the established service of SpaceX’s Starlink. With nearly 7,000 satellites currently in orbit, SpaceX serves around five million customers across over 100 countries, providing high-speed internet primarily to regions that are often neglected. The expansive vision of Elon
Broadcom Inc.’s journey from an ambitious takeover attempt of Qualcomm to becoming a formidable player in both semiconductor and infrastructure markets illustrates a storyboard of resilience and strategic evolution. The company’s aggressive business maneuvers in recent years, particularly in the wake of regulatory roadblocks, reveal a narrative rich with lessons for stakeholders in the tech
The tech industry was recently shaken by the news of Suchir Balaji’s untimely death at the age of 26. Once a researcher at OpenAI, Balaji raised significant concerns regarding the ethical implications of artificial intelligence technologies, particularly regarding the usage of copyrighted material in AI models. His departure from the company not only left a
A storm is brewing concerning the popular social media platform TikTok, as key U.S. lawmakers are pressing major tech giants Apple and Google to brace themselves for a legal mandate that could significantly impact the app’s availability in the United States. With the U.S. Court of Appeals upholding a directive for ByteDance, TikTok’s parent company,
Elon Musk, the high-profile CEO of Tesla and SpaceX, is once again embroiled in a legal battle, this time with the Securities and Exchange Commission (SEC). The SEC’s recent “settlement demand” has put Musk back in the spotlight, with implications that stretch beyond the ongoing negotiations. The case sheds light on Musk’s contentious relationship with
ServiceTitan, a leading provider of cloud-based software tailored for contractors, has made its significant entrance into the public markets by pricing its initial public offering (IPO) at $71 a share. This marks a noteworthy increase from its adjusted price range of $65 to $67, indicating robust investor confidence in its potential. The company will officially
Tesla, the electric vehicle titan led by entrepreneur Elon Musk, has recently reached unprecedented heights in its stock performance, surpassing its previous record set in November 2021. This dramatic surge, where shares hit an intraday peak of $415, is not merely a reflection of the company’s operational accomplishments, but rather a complex interplay of political