Posts by Amelia Frost
Michael Saylor’s Strategy Sells More Bitcoin, Increasing Its Cash Stockpile To $4.6 Billion. Its Stock Is Dropping.
Strategy, the world’s largest corporate holder of Bitcoin, has sold another chunk of its cryptocurrency holdings while issuing millions of new shares, building up a multibillion-dollar cash reserve as it tries to strengthen its balance sheet. Its stock is falling. The company sold 1,690 Bitcoin for about $108.6 million during the seven days ended Aug.…
Read MoreZelenskyy Says More North Korean Troops Are Headed To Russia And Asks For More Support From South Korea
Ukrainian President Ukrainian President Volodymyr Zelenskyy warned between 30,000 and 50,000 North Korean troops are being deployed in Russia as part of the war. “If we are talking about crises and escalation in another region – in the Pacific – which could pose a threat to other Asian countries, then North Korea will certainly gain…
Read MoreIran Is Seeking Compensation From The U.S. Over War Damages. Trump Is Now Doing It Too.
President Donald Trump said the U.S. will seek compensations from Iran for war damages after Tehran made such a claim during the weekend. In a social media publication, Trump said he noticed the demands from Tehran and, as a result, he is “demanding compensation from Iran, for all of the people that they have killed…
Read MoreU.S. Strategic Petroleum Reserve Falls To Its Lowest Level In More Than Four Decades As Hormuz Strait Remains Closed
The Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 40 years as the Strait of Hormuz remains largely closed. Data from the Department of Energy showed that the SPR stood below 300 million barrels last week, the lowest since January 1983. It was at about 415 million barrels before the war…
Read MoreJennifer Lopez’s ‘Lumière Nude Nails’ Is the Elegant Manicure Trend to Try Right Now
While many summer nail trends are drenched in color—from butter yellow to true blue to tomato red—Jennifer Lopez is going for the exact opposite with lumière nude nails. Instead of eye-catching designs or playful details, the singer and actor is now sporting a lumière nude manicure featuring a set of shiny nude nails that are…
Read MoreOpenAI Puts New AI Model Under Tighter Controls As Its Cyber Capabilities Soar
OpenAI has halted some internal activities involving an unreleased artificial intelligence model after preliminary testing raised concerns that the system may be capable of carrying out sophisticated cyberattacks autonomously. The announcement comes as the AI industry faces growing scrutiny over whether increasingly powerful models are developing cybersecurity capabilities faster than companies and governments can build…
Read MoreWorld’s Biggest Chipmaker TSMC Sees Sales Jump 45%. AI Demand Keeps Booming
Taiwan Semiconductor Manufacturing Co. reported a nearly 45% surge in July sales as demand for artificial intelligence chips continued to fuel growth at the world’s largest contract chipmaker. TSMC reported revenue of 467.58 billion New Taiwan dollars, or roughly $14.5 billion, for July, an increase of 44.7% from the same month a year earlier. The…
Read MoreIntel Plans $15 Billion Stock Sale As AI Demand Puts Its Factories Into Overdrive. Stocks Fall.
Intel is turning to the stock market for billions of dollars in fresh capital as the artificial intelligence infrastructure boom drives demand for chips and manufacturing capacity to new heights. The semiconductor giant announced Monday that it plans to raise $15 billion through an underwritten public offering of common stock, saying the money be used…
Read MoreSpaceX Stock Climbs Back To its IPO Price As It Rebounds After Lockup Expiration
SpaceX has gone back to its IPO price as the stock continues to rebound on Monday. Concretely, Shares gained more than 2.5% at 11:04 a.m. and clocked in at $136.68. They have climbed more than 23% since Thursday, when it stood below $107. The company led by Elon Musk had already soared more than 15%…
Read MoreSpaceX Stock Climbs Back To its IPO Price As It Rebounds After Lockup Expiration
SpaceX has gone back to its IPO price as the stock continues to rebound on Monday. Concretely, Shares gained more than 2.5% at 11:04 a.m. and clocked in at $136.68. They have climbed more than 23% since Thursday, when it stood below $107. The company led by Elon Musk had already soared more than 15%…
Read MoreStrong Corporate Earnings And AI Spending Lead JPMorgan To Lift Its S&P 500 Forecast For The Second Time In Two Months
JPMorgan strategists raised their S&P 500 forecast for the second time in two months, claiming the index will rise to 8,000 buoyed by strong corporate earnings and continued AI spending. Bloomberg detailed that the bank’s new target is slightly above average of the 20 strategists polled by the outlet. It noted that capital expenditure from…
Read MoreAI Agents Have Been Going Rogue In Different Tests. Now Democrats Want Answers From Tech CEOs.
Some House Democrats want to force AI CEOs to testify before Congress regarding the state and safety of the developing technology. In a letter to Republican House Speaker Mike Johnson, the lawmakers wrote that the developing technology has “serious implications for Americans’ safety and security,” CNBC noted. “Unfortunately, Congress has so far completely failed to…
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