The tokenization of money market funds marks a significant step in preserving the appeal of “cash as an asset,” especially as the growing adoption of stablecoins threatens to erode the attractiveness of traditional fund offerings, according to JPMorgan strategist Teresa Ho. Commenting on recent initiatives by Goldman Sachs and Bank of New York Mellon to…
Grok’s raunchy, unfiltered AI companions may be making headlines for their unhinged and often NSFW responses, but it’s Grok 4, xAI’s latest model, that’s been driving the app’s revenue of late. Elon Musk’s xAI launched Grok 4 late on July 9, and by Friday, July 11, Grok’s gross revenue on iOS had jumped a whopping…
Near the beginning of his opening arguments, David Dahlquist, a lawyer for the US Department of Justice, showed a slide that he described as Google’s “vicious cycle.” It goes like this: Google pays billions of dollars to be the default search engine practically everywhere, thus it gets more search queries, thus it gets better data,…
The fediverse has the potential to help create enduring and interoperable social networks. But many creators and businesses rely on bigger, closed platforms because they offer direct ways to make money from their audiences, which is hard to do in the fediverse right now. Sub.club is trying to solve that. The idea is that this…
Since the passage of the CHIPS and Science Act last August, eight companies have already received more than half of the planned government direct funding. These companies have collectively received $29.34 billion in funding through the CHIPS Act for semiconductor factories across the country. The law, a $280 billion package to support innovation in the…
United Nations Secretary-General António Guterres called for an end to fossil fuel advertising yesterday in a fiery call to action following the release of alarming new climate data. “I urge every country to ban advertising from fossil fuel companies. And I urge news media and tech companies to stop taking fossil fuel advertising,” Guterres said during…