MicroStrategy’s stock price dropped after its Q3 earnings missed estimates, while an analyst forecasts more potential volatility after the US elections.
Microstrategy hits 17% of the trade volume of nvda
The new model appears to be a fine-tuned version of Meta’s Llama-70b.
The DOJ and the SEC say they have “strong interest" in the case and argue that the class-action suit should proceed.
The tech is still experimental, but its implications could change how users view reality.
The cryptocurrency mining company now has 1,000 Nvidia GPUs available.
AI tokens' recovery highlights market sensitivity to regulatory news, underscoring the volatility and investor sentiment in the tech sector.
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This week’s Crypto Biz explores Pavel Durov’s arrest and consequences for Telegram, Nvidia’s earnings results, OpenSea’s Wells notice, Rhodium’s bankruptcy, BlackRock’s new crypto ETF and SxT Labs’ fundraising.
The ten most valuable tech firms in the world are all involved in developing technology for the robotics industry.
The Sept. 28 earnings report is being called the most important event of the year for the stock market.
The current AI oversupply has prolonged the cost recovery on major AI investments, which could force large corporations to shift investment focus.
The metaverse is dead, long live the metaverse.
The Ideanomics case exemplifies the potential consequences of misleading financial practices and reinforces the need for rigorous compliance with federal securities laws.
Bitcoin could see more downward pressure if the top tech stocks in the US continue to shed value.
The two companies face antitrust probes in the US and EU over their partnership.
The two companies face antitrust probes in the US and EU over their partnership.
After briefly breaking the $3 trillion market capitalization mark in June, things have taken a negative turn for the world’s most valuable chipmaker.
After briefly breaking the $3 trillion market capitalization mark in June, things have taken a negative turn for the world’s most valuable chipmaker.
The world’s best-performing tech stocks have bled an average $125 billion market cap per day for the past 20 days while crypto market cap has risen 11%.
Quantum annealing systems could impact the finance and blockchain industries in a major way.
Another unicorn has entered the race the develop human-level AI.
Sequoia Capital says the industry needs to make about $600 billion in profit before the current expenditures start to make sense.
Softbank Group stocks reached an all-time-high on a market capitalization of $97.2 billion.
Ethereum is the home of decentralized finance (DeFi), looking at the over $100 billion in total value locked (TVL). Even though the figure fluctuates, mainly depending on the performance of ETH, it is clear that DeFi has proven revolutionary, opening up new use cases spanning multiple sectors, including finance and insurance. Are Ethereum DeFi Protocols […]
Both AI-tokens Fetch and SingularityNET staged a strong price recovery after a three-month downtrend.
Amid an overall market downtrend, crypto assets based on artificial intelligence (AI) have exhibited substantial gains, fueled by the AI frenzy permeating the traditional finance and crypto markets. This surge has been further augmented by the continuous rally of tech company Nvidia, which recently claimed the world’s most valuable company title, with its soaring share price reaching an all-time high. Fetch.ai Rides Nvidia’s Success Nvidia’s stock, now valued at $3.34 trillion, has nearly doubled in price since the beginning of the year, surpassing the likes of tech giants Microsoft and Apple. This rise has been attributed to Nvidia’s dominance in providing the essential chips required for artificial intelligence, often called the “new gold or oil in the tech sector” by analysts. Amidst these developments, AI-based crypto tokens have emerged as outperformers, overshadowing major cryptocurrencies that have experienced a sharp price correction led by Bitcoin (BTC). According to data from CoinGecko, notable gainers among AI tokens include Fetch.ai (FET), Singularity Net (AGIX), and Ocean Protocol (OCEAN), with gains of 24%, 23.5%, and 22%, respectively, within the past 24 hours alone. Related Reading: Ethereum Price To Hit $10,000, ‘Just The Way The Chips Have Fallen,’ Analyst Says On the one hand, FET experienced a significant recovery and broke its downtrend following a substantial price correction that brought it down to $1.10. Despite being down over 58% from its all-time high of $3.45 in March, blockchain research firm House of Chimera highlights potential real-world use cases for Fetch.ai. For instance, FET’s autonomous agents can optimize logistics by analyzing and predicting optimal routes, thereby reducing costs and improving delivery times. With the growing interest in AI applications in the industry and traditional finance, FET’s AI algorithms analyzing large datasets may lead to further price increases in the coming months. Currently, FET is trading at $1.44 with a market capitalization of $3.6 billion. Long-Term Potential For AI-Based Crypto Tokens Similarly, Singularity Net’s native token AGIX has followed a similar trajectory to FET, reaching a high of $1.46 in March but currently trading 58% lower at $0.6018. However, the underlying uses of the protocol, centered around the creation and monetization of AI services through its AI marketplace, suggest the potential for significant gains and investor interest in the long term. The native token of Ocean Protocol, OCEAN, also displays price actions comparable to those of AGIX and FET. Currently trading at $0.6094, OCEAN has witnessed a trading volume increase of over 20% in the last 24 hours. The protocol’s open-source model aims to facilitate the exchange and monetization of data and data-based services, with notable applications such as running AI-powered prediction bots or trading bots on crypto price feeds. Related Reading: Whales Dump Over $1 Billion In Bitcoin: Fire Sale Or Foreshadowing? Ultimately, Chris Penrose, the global head of business development for telco at Nvidia, firmly believes in future price gains for the entire AI sector, which will further adoption of crypto AI-based tokens. Penrose expressed utmost confidence in the transformative power of generative AI, emphasizing that investors have barely scratched the surface of its impact on businesses worldwide. Wedbush Securities, a renowned financial firm, echoed this sentiment by predicting an intense race in the tech sector. Nvidia, Apple, and Microsoft vied for a significant $4 trillion market cap in the upcoming year. Featured image from DALL-E, chart from TradingView.com
Secretary of the Treasury Janet Yellen says AI will only become more important in the years to come.
There’s a three-way race for the top slot, with Microsoft maintaining a slight edge.
The billionaire industrialist clarified that the south extension of Tesla's Giga Factory in Texas would soon be complete, allowing for more AI infrastructure.
The semiconductor giant plans to accelerate its AI chip production cycle following a bumper revenue report driven by AI data centers.