Another unicorn has entered the race the develop human-level AI.
Read moreBig Tech faces financial reckoning if human-level AI doesn’t happen soon
Sequoia Capital says the industry needs to make about $600 billion in profit before the current expenditures start to make sense.
Read moreMicrosoft, Google, Nvidia and more filed SEC warnings that AI could ruin business
The reasons ranged from cannibalizing their own businesses to releasing potentially inferior products.
Read moreSoftbank lost 99% when the dotcom bubble burst, now it’s all-in on AI
Softbank Group stocks reached an all-time-high on a market capitalization of $97.2 billion.
Read moreOver 50% of U.S. hedge funds have exposure to Bitcoin as BTC crushes stocks in 2024
Millennium Management, holding 27,263 BTC worth $1.69 billion, has allocated about 2.5% of its $67.70 billion total assets under management to Bitcoin.
Read moreSouth Korea’s 2nd largest chipmaker to invest $75B in AI through 2028
The investment comes after a March commitment to spend $90 billion on a chip fabrication facility near Seoul.
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