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.
Bain Capital is in talks with SK Hynix to restart negotiations to merge memory chip makers Western Digital and Japan’s Kioxia Holdings, Kyodo newswire reported on Saturday, citing unidentified sources.
The Biden administration is expected to award billions of dollars in subsidies to top semiconductor companies including Intel, and Taiwan Semiconductor Manufacturing Co in the coming weeks to help build new factories in the United States, the Wall Street Journal reported on Saturday.
A Boeing-Lockheed joint venture’s launch of a new Vulcan rocket this week inaugurated a formidable rival to Elon Musk’s SpaceX, a milestone long sought by the U.S. government as it seeks to build a list of launch suppliers for its satellites.
The White House said on Friday it was alarmed by fake online images of the pop singer Taylor Swift and said social media companies have an important role to play in enforcing their own rules to prevent the spread of such misinformation.
The Biden administration is proposing requiring U.S. cloud companies to determine whether foreign entities are accessing U.S. data centers to train AI models, U.S. Commerce Secretary Gina Raimondo said on Friday.
