Cryptelio
Cryptelio

Funding 27 minutes ago Cryptelio Editorial

Tiger Global Management Invests $663 Million in Cerebras Systems Amid AI Chip Market Shift

Tiger Global Management has invested $663 million in Cerebras Systems, marking a significant shift in the AI chip market. This investment follows a strategic reduction in Nvidia holdings, indicating a new direction in AI hardware.

Read story

Latest

Macro · 1 month ago US Retail Sales Decline 0.6% in July, Impacting Consumer Sentiment and GDP Forecasts Retail sales in the US fell by 0.6% in July, marking the first decline in nine months and raising concerns about consumer sentiment and GDP growth. Macro · 1 month ago Iran Shifts Military Strategy, Warns of Strategic Surprises Amid Ongoing Conflict Iran has announced a transition to a more offensive military posture, warning adversaries of potential 'strategic surprises' as tensions escalate in the region. Companies · 1 month ago BitMart Founder Plans Police Involvement Amid Employee Salary Disputes BitMart's founder, Sheldon Xia, intends to report allegations of unpaid salaries to law enforcement as the exchange faces mounting complaints from users and former employees during its shutdown. Macro · 1 month ago AI Hyperscalers Accelerate Borrowing to Fund Infrastructure Amid Rising Treasury Spending Major tech companies are ramping up borrowing for AI infrastructure, surpassing Wall Street forecasts amid increased U.S. Treasury spending. Markets · 1 month ago Vitalik Buterin Advocates for Bitcoin-Inspired Scaling Solutions for Ethereum Vitalik Buterin has proposed adopting Bitcoin's design principles to improve Ethereum's scalability, addressing long-standing network challenges related to data storage and transaction processing. Markets · 1 month ago Investors Evaluate Long-Term Returns Amid Big Tech's AI Spending Surge As Big Tech ramps up AI investments, investors are shifting focus to long-term profitability, with projections indicating substantial cash flow growth by 2027. Companies · 1 month ago Nakamoto Faces $60 Million Debt Challenge Despite Recent BTC Sale Nakamoto, parent company of Bitcoin Magazine, sold 600 BTC to reduce debt but still faces a $60 million obligation due in December amid tight liquidity. Macro · 1 month ago Greenlane Holdings Faces Nasdaq Delisting After $70 Million Altcoin Investment Plummets Greenlane Holdings reported a significant drop in the value of its altcoin holdings, raising concerns about potential Nasdaq delisting due to new market value requirements. Hacks & Exploits · 1 month ago SafePal Reveals Security Flaw Exposing Data of Nearly 40,000 Customers SafePal has disclosed a significant security flaw in its order-tracking system that exposed personal information of approximately 39,798 customers. The company has since implemented security measures and notified affected individuals. Macro · 1 month ago Central Banks Shift Reserves to Gold Amid Geopolitical Tensions Recent data reveals that central banks globally are prioritizing gold over U.S. Treasuries for the first time since the mid-1990s, driven by geopolitical tensions, particularly the conflict involving Iran. Macro · 1 month ago Iran Accuses US of Violating Agreement, Stalling Diplomatic Talks Iran's Foreign Ministry claims that stalled diplomatic talks with the US are due to Washington's violation of a memorandum of understanding, highlighting ongoing tensions between the two nations. Companies · 1 month ago Alibaba Sells Lingxi Games for Over $2 Billion Amid AI Focus Alibaba has agreed to sell its gaming subsidiary Lingxi Games to Trustar Capital for over $2 billion, a move reflecting its strategic pivot towards artificial intelligence and cloud computing.