The cosmetics industry has recently witnessed a significant shake-up following a report that sent shares of E.l.f. Beauty Inc. tumbling. Notably, the company’s stock dropped by 16% following revelations from prominent short seller Carson Block of Muddy Waters Capital. During his presentation at the Sohn conference in London, Block expressed grave concerns regarding E.l.f. Beauty’s […]
Bitcoin Gains Spark Debate Over Gold's Future
The recent surge in Bitcoin prices has reignited discussions about the future of gold as an investment. With Bitcoin reaching unprecedented highs, crossing the $93,400 mark, questions arise regarding its potential to displace gold as a reliable hedge against inflation. A pivotal moment in this evolving landscape came when Republican Senator Cynthia Lummis proposed a […]
Robert F. Kennedy Jr. Invests Most of His Wealth in Bitcoin
Robert F. Kennedy Jr., a notable political figure and former presidential candidate, has recently made headlines for his significant investment in Bitcoin. With a firm belief in its potential, Kennedy has positioned Bitcoin as more than just a digital currency; he describes it as the “currency of freedom.” By reallocating a substantial portion of his […]
Crypto Market Cools Amid Bitcoin Consolidation
As Bitcoin hovers around the elusive $90,000 mark, the broader cryptocurrency market shows signs of cooling down. This phenomenon is marked by a noticeable decline in trading volumes, particularly on centralised exchanges. Recent data from CoinGecko highlights a 15.2% drop in daily trading volumes on Binance, the world’s largest crypto exchange. Bybit and OKX, two […]
TSMC Maintains US Investment Plans Amid Trump’s Election Victory
In a notable demonstration of resilience, Taiwan Semiconductor Manufacturing Co. (TSMC) has confirmed its unwavering commitment to its significant investments in the United States, despite the re-election of Donald Trump as president. This decision is pivotal for TSMC as it undertakes a $65 billion initiative to establish advanced semiconductor factories in Arizona, signaling confidence in […]
Amazon’s Prime Video Introduces AI-Powered X-Ray Recaps for Enhanced Viewing Experience
Amazon Prime Video continues to innovate within the streaming space with the introduction of X-Ray Recaps, a new feature that leverages artificial intelligence (AI) to provide personalized, spoiler-free summaries of episodes and seasons. This feature is designed to enhance viewers’ experience by ensuring they stay informed without encountering unwanted plot reveals. X-Ray Recaps builds upon […]
Strategic Prudence in AI: Experts Advise Incremental Approach for Meaningful Advancements
In the rapidly evolving landscape of artificial intelligence, industry leaders are increasingly advocating for a cautious approach to AI integration. At the recent TechCrunch Disrupt 2024 event, key figures in data management outlined an incremental strategy to harness AI’s potential while minimizing the risk of costly missteps. This perspective is especially relevant as organizations strive […]
World Liberty Plans Limited Token Sales in the US
World Liberty Financial, a decentralised finance (DeFi) crypto project associated with former President Donald Trump and his sons, has outlined plans to restrict its token sales to $30 million within the United States. This move reflects the company’s strategic approach to navigating a complex regulatory landscape while capitalising on the growing interest in cryptocurrency investments. […]
The EU Plans Major Funding to Advance Tech and AI
In a decisive move aimed at bolstering its technology sector, the European Union (EU) has announced a substantial investment of €1.4 billion towards deep tech development for the year 2025. This funding, which represents an increase of €200 million from last year, will be channeled through the European Innovation Council (EIC) under the Horizon Europe […]
US Finalizes Rules to Curb Investment in China’s AI and Defence Tech
In a move signaling heightened tensions between the United States and China, the Biden administration has announced new regulations aimed at restricting American investments in China’s critical technology sectors, particularly in artificial intelligence (AI), semiconductors, and quantum computing. Set to take effect on January 2, 2024, these regulations are part of a broader strategy to […]
