Experts feel that the Nvidia turmoil and potential Democratic-led limits on data-center construction could redirect AI investment towards other chipmakers and Big Tech firms with available computing capacity. Does long-term growth outlook remain strong?
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The AI retrofit is becoming easier to see in miners’ income statements. This article first appeared in Miner Weekly, a weekly newsletter by Blocksbridge Consulting curating the latest news in energy, compute, infrastructure, and data analysis from The Energy Mag. The original article can be viewed here. IREN, Core Scientific (NASDAQ: CORZ) and TeraWulf (NASD…
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Bitcoin fell below $65,000 on November 15, its lowest level since July, amid macroeconomic concerns, market liquidations and possible competition for investment from AI companies. The broader crypto market cap dropped to $2.19 trillion.
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China has ushered artificial intelligence into its cinemas, but the country’s first fully AI-generated feature film has flopped at the box office. Made with no human actors or camera crew, Sanxingdui: Future Past brought in just around 1.8 million yuan (US$270,000) after three weeks in theatres, according to Chinese box office data tracker Beacon Pro. The fi…
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Shares in AI ‘picks and shovels’ companies hit hard by tech sell-off
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Speculation is mounting that Nvidia CEO Jensen Huang was forced out after the co-founder of the multitrillion-dollar company began advocating for open-source AI models. While these theories remain unconfirmed, they also draw parallels with Bitcoin’s own fight over open-source development. Although Huang announced his resignation, an undisclosed person famili…
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Policymakers and business leaders have important roles to play in supporting U.S. citizens through the AI transition.
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The pseudonymous owner and maintainer of the bitcoin.org domain stated he had never seen bitcoiners so demoralized, highlighting that the recent bear market was brutal. Cobra pointed out several tailwinds for bitcoin’s future, stressing that owning bitcoin is extremely risky right now. Bitcoin.org Steward Cobra Highlights Tailwinds for Bitcoin in the Short T…
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In a matter of days, the executive synonymous with the AI boom resigned after 33 years amid reports of affairs and suspected Chinese intelligence ties—sending Nvidia’s stock reeling and leaving the chipmaker leaderless.
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As market uncertainty deepens, investment banks are on a roadshow to sell investors on what could be the largest public offering ever.
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Four nonprofit advocacy groups want a California court to stop major AI developers from building stronger models, alleging their technology could cause catastrophic harm worldwide.
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Decentralized Finance total value locked on MegaETH dropped significantly from over $245 million to $8.8 million.
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Elon Musk backs a campaign to reinstate Jensen Huang as Nvidia CEO following his abrupt exit. With Arm CEO Rene Haas among potential successors, Huang's departure raises questions about Nvidia's leadership and the AI industry's dependence on his technological and financial influence.
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Both Tesla and SpaceX have been burning through billions of dollars in cash, and plan to bleed through more to finance new ventures, even as worries about the sustainability of the AI boom drag on the stock market
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ETF experts say Nvidia’s leadership turmoil and Democratic control of Congress could shift AI demand to the benefit of other Big Tech stocks, rival chipmakers.
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Langford said the merger of AI Frontiers with Microsoft AI appeared reasonable in theory. However, he argued that the philosophy followed by Microsoft AI's ‘ex-Inflection leadership’ was fundamentally different from the approach adopted by his research team.
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OpenAI’s new wallet lets AI agents buy products using ordinary cards, challenging crypto payment tools from Coinbase and Circle as companies compete to control everyday online shopping by autonomous software.
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President Trump and U.S. tech executives are expected to gather for a major summit in Shenzhen next week. On the agenda: a stalled trade war, expanding export controls, and suspected spy games.
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Y. Suresh Kumar, a former Indian Army officer with 21 years of service, has joined AI startup CoSarathi.ai as co-founder and Chief Marketing and Operating Officer. He will oversee marketing, business operations, strategic execution and partnerships. Kumar previously worked at Deloitte and Centific
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Investor Leo KoGuan plans to reduce his Nvidia investment while continuing to support Jensen Huang, whom he hopes to back in a future superintelligence venture. KoGuan says Nvidia’s growth outlook remains strong and that AI is not a bubble.
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Microsoft attributed the outage to a network capacity upgrade issue, confirming that the disruption was unrelated to cyberattacks or AI agents.
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MegaETH co-founder Shuyao Kong said the restructuring affected employees who helped build the project’s blockchain, wallet and ecosystem.
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Bitcoin liquidation events exceeding $500 million have become common, reflecting significant market volatility. Recent trading sessions have seen large losses, including a $1.3 billion liquidation. Factors affecting the market include high oil prices and potential Federal Reserve rate hikes. Additionally, investors seem to be favoring artificial intelligence…
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Nvidia's recent leadership change and the upcoming IPO of Anthropic could significantly influence the AI market dynamics. US-China relations are set for discussions as Trump and Xi meet amid various geopolitical concerns. Oil prices remain volatile due to Middle East tensions and supply changes, affecting potential inflation relief. A UK and EU summit aims t…
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