News
Bitcoin Breaks Record, Meta’s Big Outage, and Nvidia’s New Partnership
Bitcoin breaks all-time record: The price of bitcoin hit a record high of more than $69,000 on Tuesday before falling more than 7%. This milestone marks a significant turning point for the cryptocurrency, which fell below $17,000 just over a year ago and has been in crisis lately thanks to the SEC’s recent approval of spot bitcoin exchange-traded funds. Other types of cryptocurrencies are also enjoying a resurgence, including Ethereum and even memecoins like Dogecoin and Shiba Inu. The complete story.
OurCrowd and Nvidia team up: On Tuesday, venture capital platform OurCrowd and AI chipmaker Nvidia announced a partnership to accelerate artificial intelligence startups. The collaboration will give startups in OurCrowd’s AI Fund a fast-track pass to Nvidia’s highly competitive Inception program, with access to Nvidia’s latest tools and resources. This is one of several new alliances that could help drive AI innovation. The complete story.
Meta Facebook and Instagram Outage: On Tuesday morning, the Meta-owned Facebook, Instagram and Threads platforms were down for about two hours before being restored, affecting users around the world. The outage was the result of a technical issue, according to a post on X from a Meta spokesperson, and the outage quickly became a trending topic on X. Everyday users of these platforms weren’t the only ones confused, as Meta employees were also unable to access their work services, leading some to wonder if they had been fired. The complete story.
Tech giants win appeal in child labor case: A federal appeals court has thrown out a case against Alphabet, Apple, Dell Technologies, Microsoft and Tesla for their alleged support of cobalt mining in the Democratic Republic of Congo that uses child labor. According to the court, the purchase of cobalt into the global supply chain (used to make lithium-ion batteries) did not violate federal law protecting children and victims of forced labor. An attorney for the plaintiffs said they may appeal further or file new lawsuits as a result of this decision. The complete story.
Kayak’s new AI business research tool: Kayak has launched a new AI tool, KAYAK PriceCheck, that can compare flight prices across multiple different websites using screenshots. The tool allows users to import a screenshot of a particular flight from their camera roll and then use the information in the image to find lower prices for the same flight. The new tool can be found in Kayak’s mobile app. If users discover a cheaper flight using PriceCheck, they can book the flight without leaving the app. The complete story.
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