Snowflake to buy database startup Crunchy Data
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Bitcoin Tumbles Below $117K After Crypto Bills Stall in House Vote
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Bitcoin dipped below the $117,000 mark on Tuesday following a legislative setback in the U.S. House of Representatives, where several cryptocurrency-focused bills were blocked from advancing. According to Coin Metrics, the digital asset was last trading 2.8% lower at $116,516, retreating from an earlier high of $120,481.86. The decline followed a 196–223 vote, where a […]
Amazon Acquires Bee AI to Supercharge Alexa with Wearable Voice Assistant Tech
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Amazon is set to acquire Bee AI, a San Francisco-based startup known for its AI-powered wearable device, marking another strategic move by the tech giant to deepen its investments in generative artificial intelligence. Bee AI’s flagship product is a $49.99 wristband that resembles a smartwatch and comes equipped with built-in microphones and AI capabilities. The […]
Duo Behind $650M Global Crypto Scam Promising 300% Profits Now Facing Federal Charges
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Two men have been indicted for orchestrating a massive international cryptocurrency fraud scheme that deceived investors out of more than $650 million. According to an indictment unsealed in the District of Puerto Rico, Michael Shannon Sims, 48, from Georgia and Florida, and Juan Carlos Reynoso, 57, from New Jersey and Florida, are accused of founding […]
SoftBank’s Masayoshi Son Bets Big on AI, Aiming to Shape the Future of Technology
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Masayoshi Son is placing what may be the most ambitious wager of his career — transforming SoftBank into a global leader at the heart of the artificial intelligence revolution. Son predicts that artificial superintelligence (ASI) — technology 10,000 times more intelligent than humans — could arrive within the next decade. Known for high-stakes moves, such […]
Tesla Misses Earnings, Meta Slashes Jobs, and U.S. Tightens Oil Sanctions on Russia — Your Morning Market Brief
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1. Tesla Hits a Speed Bump All eyes were on Tesla yesterday as it kicked off the new earnings season among the “Magnificent Seven” tech giants. Despite a slight recovery in revenue after two declining quarters, earnings per share fell short of market expectations due to rising capital expenditures. During the company’s earnings call, Elon […]
Norway’s $2 Trillion Wealth Fund Turns Against Elon Musk’s $1 Trillion Tesla Pay Deal
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Norway’s $2 trillion sovereign wealth fund, the world’s largest, has announced that it will vote against Elon Musk’s record-breaking $1 trillion compensation package at Tesla’s upcoming shareholder meeting, challenging the company’s leadership and Musk’s influence. The fund, officially managed by Norges Bank Investment Management (NBIM) and a major Tesla shareholder, revealed on Tuesday that it […]
Amazon Merges Freevee Into Prime Video, Ending Standalone App in August
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Amazon is set to phase out its standalone Freevee streaming service in August as part of a broader effort to streamline its entertainment offerings under the Prime Video umbrella. Freevee, which originally launched in 2019 as an ad-supported platform under IMDb—acquired by Amazon in 1998—offered free TV shows, original content, and select titles from Prime […]
Tesla Fights $243M Autopilot Crash Verdict, Seeks Dismissal or New Trial
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Tesla is pushing back against a $242.5 million jury verdict in a wrongful death and product liability case, asking a Florida court to either overturn the decision or grant a new trial. The case stems from a 2019 fatal accident in Key Largo, Florida, where George McGee crashed his Tesla Model S while using the […]
Trump Ally Slams Tim Cook for Delays in Shifting iPhone Production from China
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Former White House trade advisor Peter Navarro has sharply criticized Apple CEO Tim Cook, accusing him of dragging his feet in reducing Apple’s manufacturing reliance on China. “Since the first Trump administration, Cook has repeatedly asked for more time to relocate Apple’s factories from China,” Navarro said during a recent interview. “It’s become Silicon Valley’s […]
