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BlackRock doubles down on tokenization via investment in Securitize
The world’s largest asset manager led a $47 million funding round by a blockchain-focused firm it has worked with before. Read more
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Binance founder sentenced
Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, was sentenced to four months in prison by U.S. District Judge Richard Jones in Seattle. Read more
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Google lays off Python team
Google has recently laid off its entire Python team as part of a broader cost-cutting strategy that involves outsourcing jobs to cheaper labor markets outside the United States. Read more
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Cheyenne supercomputer up for sale
The Cheyenne supercomputer, previously one of the world’s most powerful and energy-efficient supercomputers, is currently up for auction. Read more
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Tesla’s full self-driving approval in China
Tesla’s recent approval to deploy its Full Self-Driving (FSD) software in China marks a significant milestone for the company, reflecting its strategic advancements and the potential impact on the electric vehicle (EV) and autonomous driving sectors in the world’s largest auto market. Read more
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The stock market has a ‘systemic problem’
Even as earnings for the first quarter come in better than expected, the market has struggled to climb higher consistently as rising Treasury yields weigh on sentiment for equities, reminding investors of the period in 2023 when higher yields sent stocks crashing. Read more
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Pope Francis to join G7 session on AI
Pope Francis will attend the upcoming G7 summit in Puglia, Italy from June 13-15, where he will participate in a working session dedicated to discussing the challenges and implications of artificial intelligence. Read more
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Gen Zers are choosing blue-collar jobs
Gen Zers are increasingly choosing blue-collar jobs over traditional white-collar or college education paths for several reasons, including concerns about artificial intelligence (AI) impacting white-collar jobs, the desire for job security, and the appeal of potentially higher earnings without the burden of college debt. Read more
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Google surpasses $2 trillion market cap
Google’s parent company, Alphabet, has recently surpassed a $2 trillion market capitalization, marking a significant milestone in its financial performance. Read more
