Laura Loomer, a political activist, has raised alarms over Nvidia CEO Jensen Huang's role on a Chinese university advisory board while also advising the US President on science and technology. She claims this dual role poses a security risk, calling it a "massive scandal." The Pentagon is reportedly investigating the matter. Huang joined the advisory board of Tsinghua University, a prestigious Chinese institution with embedded Communist Party influence. Despite export controls limiting Nvidia's presence in China, Huang views China and Taiwan as key markets for AI chip growth, with Nvidia investing heavily in Taiwan's chip industry.
Wall Street's recent rally is heavily reliant on a small group of mega-cap technology stocks like Nvidia, Apple, and Alphabet, driven by strong demand for AI-related products and investments. Analysts warn that this narrow market breadth, combined wi...
Raydium, the top decentralized exchange on Solana, surpassed $1 trillion in cumulative trading volume following the listing of its RAY token on major consumer finance platforms Robinhood and Revolut. These listings make RAY the first Solana-based DeF...
BTCC Exchange has launched the TradFi Trading Carnival, a limited-time campaign offering USDT rewards for trading traditional financial instruments like precious metals, commodities, forex, indices, and stocks using USDT as collateral. Since introduc...
Nebius, a Dutch AI cloud provider specializing in GPUs for AI model training, saw its shares rise 11% in premarket trading after Situational Awareness, a hedge fund founded by a former OpenAI researcher, disclosed owning a 5.6% stake with 12.4 millio...
The Bank of Japan's decision to raise its policy rate from near zero to 0.25% in August 2024 triggered significant market turmoil worldwide. Holding the current low rate would require the BOJ to print yen and absorb bonds, risking a further yen crash...
