A handful of hedge funds made a winning bet on approval of a spot bitcoin exchange-traded fund (ETF) by investing in the Grayscale Bitcoin Trust (GBTC) well ahead of regulatory sign off, according to sources familiar with the matter.
Artificial intelligence startup Krutrim, founded by CEO of Ola Electric Bhavish Aggarwal, has raised $50 million in the first funding round at a valuation of $1 billion, the company said in a blog post on Friday.
Elon Musk’s brain-implant company Neuralink was fined for violating U.S. Department of Transportation (DOT) rules regarding the movement of hazardous materials, according to records from the federal agency reviewed by Reuters.
Intel slumped more than 12% on Friday following a bleak first-quarter revenue outlook, as the chipmaker plays catch-up in the AI race while also dealing with a weak PC market.
Fifteen U.S. companies, including semiconductors firms, have expressed interest in investing $8 billion in Vietnam in clean energy infrastructure, contingent on the country’s progress on renewable energy rules, a senior U.S. official said on Friday.
Elon Musk’s artificial intelligence start-up xAI is in talks to raise up to $6 billion at a proposed valuation of $20 billion, the Financial Times reported on Friday, as the billionaire entrepreneur looks to mount a challenge to OpenAI.
Salesforce is laying off about 700 employees, or roughly 1% of its global workforce, the Wall Street Journal reported on Friday, in the latest round of job cuts to hit the tech industry.
The bill would also require firms to permanently delete personal information collected from the terminated accounts and let parents bring civil suits against those failing to do so.
