Tencent is accelerating the promotion of large-scale model applications. The reporter recently learned that Tencent recently purchased a batch of new chips from NVIDIA. In order to deliver orders to Tencent on time, NVIDIA H20 chips are in short supply. A person close to NVIDIA said that Tencent's order amount is about billions of yuan. As of now, Tencent has not responded to this. An Alibaba Cloud person told reporters that according to his understanding, Tencent purchased a large number of H20...
Canaan Technology announced that it has entered into a securities purchase agreement with an institutional investor to provide total proceeds of up to $200 million through the A-1 Series preference share financing. The first payment of the preference share financing was completed on March 10, 2025, and the first payment of $100 million has been received. It is expected to receive an additional $100 million related to the second payment in the near future, subject to certain terms and conditions.
The Department of Justice has announced coordinated action with Germany and Finland to shut down the online infrastructure used to operate cryptocurrency exchange Garantex, which allegedly facilitated money laundering and sanctions violations for transnational criminal organizations, including terrorist organizations, and has processed at least $96 billion in cryptocurrency transactions since April 2019. Two executives of Garantex have been charged with allegedly operating a multi-billion dollar...
OpenAI and Oracle (ORCL. N) are considering acquiring billions of dollars' worth of Nvidia chips for Stargate in the coming months, according to market sources.
On January 28th, according to Forbes, Chinese generative artificial intelligence startup DeepSeek hit US stocks, Nvidia's stock price plummeted 16%, the market value evaporated more than 500 billion US dollars, and its CEO Huang Renxun's net worth shrank by 19.80 billion US dollars as of 1:45 Beijing time, the total wealth fell from 124.40 billion US dollars to 104.60 billion US dollars, and fell to 17th in the 10th place of Forbes' real-time billionaire list. The steeper shrinkage was Oracle Ch...
US spot bitcoin ETFs have "sucked" billions of dollars this month, with options traders even eyeing $80,000.
Once in a century, a hurricane strikes, causing economic losses that could reach hundreds of billions of dollars. On how strong the "destructive power" of hurricanes in the United States is > >
1. It is reported that OpenAI will raise tens of billions of dollars to build AI infrastructure in the United States. 2. OpenAI launched the GPT Next program this year: AI performance jumped 100 times, Orion is expected to take over GPT-4. 3. Google upgraded the Gemini 1.5 Flash model, and the AI chat response speed increased by up to 50%. 4. Meta announced the download data of the Llama AI model family: the world's super 350 million and 3.1-405 B models are the most popular. 5. How was the firs...
NVIDIA (NVDA. O): Blackwell is expected to generate billions of dollars in sales in the fourth quarter.
On July 11, Bill Hwang, founder of Archegos Asset Management, was criminally charged for his company's 2021 bankruptcy. A two-month trial ended on Wednesday with the guilty verdicts of Bill Hwang and co-defendant Patrick Halligan, the chief financial officer. Bill Hwang, 60, pleaded not guilty to one count of conspiracy to defraud, three counts of fraud and seven counts of market manipulation, but was convicted on 10 of the 11 counts. Now, each conviction carries a maximum sentence of 20 years i...
On July 8, it was reported that the point person suspected of a multi-billion dollar KOK token fraud case has been arrested in the United States and is currently standing trial in an immigration court. South Korean authorities are working to extradite the person, and the two countries have discussed the matter. The South Korean Ministry of Justice declined to comment, saying that the investigation is still ongoing, which includes information involving diplomatic relations. The cryptocurrency KOK...
The judge overseeing a multibillion-dollar class-action lawsuit against GitHub, OpenAI, and Microsoft has partially dismissed charges against the defendants over alleged unauthorized use of intellectual property (IP) to train "GitHub Copilot" artificial intelligence (AI) coding software. It marks a victory for Big Tech and the artificial intelligence industry, which faces lawsuits accusing OpenAI of "plagiarizing" GitHub and using it without permission and without payment.
According to Bloomberg, decentralized finance (DeFi) project Pendle Finance has attracted billions of dollars in assets through an innovative market strategy. Pendle splits the profitable crypto assets into two tokens, similar to the strategy of separating principal and interest in the bond market. Although the platform has long maintained a total value lock-in (TVL) below $250 million since its launch in 2020, since January this year...
According to the latest data from L2beat, with the rise in ETH prices driving multiple L2 network TVLs higher, the total lock-up volume (TVL) of ZK Rollup L2 network Scroll has exceeded $700 million, currently touching about $702.89 million, continuing to hit a record high, with an increase of 11.06% on the 7th.
In an interview with CoinDesk on May 27, Chris Dixon, a partner at a16z, expressed the hope that blockchain will become synonymous with Internet innovation. If you compare it to the Internet in the 1990s, ideally there would be a multi-billion dollar specific fund focused on DeFi or blockchain social networking. In addition, Chris Dixon compares the current popularity of interactive credits to "non-transferable tokens", saying it is a product of the current regulatory environments. At the same t...