On Monday, bitcoin is trading at some of the highest levels since the start of the war in Iran.
Category: Business
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Bitcoin continues to climb despite war with Iran, oil price shock
Bitcoin continues to show resilience on Monday, crossing $74,000 and up 3% in the past 24 hours. So far, the asset is up 9.4% in March, CoinGlass data shows, despite the war in Iran, soaring oil prices,…
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What we know about Tesla’s Terafab project, which Musk says is launching in a few days
Elon Musk says the goal is to produce 100 billion to 200 billion AI chips a year.
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When Jensen Huang speaks, Nvidia usually falls
High-profile events have been very bad for Nvidia lately.
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Report: Amid safety failures, ChatGPT’s planned “adult mode” caused concern within OpenAI, with minors misclassified as adults 12% of the time
Internal alarms sounded within OpenAI about the now-delayed X-rated mode. Concerns centered around unhealthy emotional dependence and an imperfect age verification system, according to WSJ.
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Nebius soars after signing AI infrastructure deal with Meta, worth up to $27 billion over 5 years
The social media giant will initially buy dedicated AI computing capacity across multiple location for $12 billion, which Nebius will start delivering starting early 2027.
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Hon Hai’s profit miss is still good news for the AI boom
Revenues beat expectations!
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Micron rises after closing acquisition of PSMC’s Tongluo P5 site, plans to nearly double cleanroom manufacturing space
The Tongluo site, as a whole, is expected to meaningfully support Micron’s shipments starting fiscal 2028.
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Oil settles Friday at highest level since start of war
West Texas Intermediate was up 8.6% this week. -
Stocks post third straight week of losses as Brent crude surges above $100
Stocks wiped out early gains to close lower amid the ongoing war in Iran. -
Ethereum hits highest price in over a month as BlackRock joins the fray of ethereum staking ETFs
Meanwhile, the Ethereum Foundation published its mandate to protect user self-sovereignty, the “ultimate reason” for the network’s existence. -
Amazon raises the price for ad-free Prime Video to $4.99
That’s up from $2.99 and before that, free.