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After two months of market bliss, Wall Street is stirring from its slumber. First the collapse of First Brands Group and Tricolor Holdings revived long-dormant fears about hidden credit losses. Then, fraud-linked writedowns at Zions Bancorp and Western Alliance — erasing more than $100 billion in US bank share value in a day — stoked … Read more
Tesla launched a limited robotaxi service in Austin, Texas, earlier this summer, but it’s unclear whether the vehicles driving around the city are technologically advanced enough to count toward that 1 million robotaxi goal. (The proposal specifies that the robotaxis must not have a “human driver,” and the vehicles in Texas have safety monitors sitting … Read more
When Bill Dally joined Nvidia’s research lab in 2009, it employed only about a dozen people and was focused on ray tracing, a rendering technique used in computer graphics. That once-small research lab now employs more than 400 people, who have helped transform Nvidia from a video game GPU startup in the nineties to a … Read more
Key Takeaways A trillion-dollar bank has cleared the Bitwise crypto ETF for advisor-managed accounts. The approval signals growing institutional acceptance of regulated crypto investment products. Share this article A global bank with over $1 trillion in assets under management has approved a crypto exchange-traded fund from Bitwise Asset Management for its managed accounts platform, as … Read more
The wait is finally over. After years of promises from its eccentric CEO, Tesla debuted its highly anticipated robotaxi service on June 22 in Austin, Texas, a launch that is central to the company’s entire future. This isn’t just about a new feature; it’s the cornerstone of Elon Musk’s narrative that Tesla is not merely … Read more
SoftBank is going all in on AI. Just months after announcing its involvement in the $500 billion Stargate AI Infrastructure project, of which SoftBank is rumored to be fronting a cool $19 billion, the Japanese investing conglomerate is reportedly looking to launch its largest AI project yet. The company is looking to team up with … Read more
At Semafor’s 2025 Word Economy Summit on Wednesday, Netflix co-CEO Ted Sarandos said he believes Netflix’s long-term goal to achieve a $1 trillion market capitalization is possible if the streaming giant continues to perform well. Sarandos said, “In the previous five years, we’ve doubled our revenue, we grew profits 10 times, and we grew our … Read more
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