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

Companies · 1 month ago Jefferies Cuts SanDisk Price Target by 42% Amid Record Earnings Despite reporting its highest quarterly earnings ever, SanDisk faces a significant price target reduction from Jefferies, dropping from $3,000 to $1,750. Companies · 1 month ago Short Seller Predicts Nvidia's Downfall Amid China Concerns Culper Research's short-selling strategy against Nvidia has proven prescient as the company faces challenges with Chinese demand and export regulations. Their report highlighted potential legal troubles stemming from AI chip smuggling operations. Regulation · 1 month ago Sam Bankman-Fried's Controversial Donation to UK Think Tank Founder Sam Bankman-Fried reportedly donated $610,000 to David Lawrence, founder of a UK think tank, shortly before the organization contributed to Labour politician Wes Streeting. This has raised questions about political funding and ethics. Companies · 1 month ago Concerns Arise Over HTX's Reserve Management and Links to Poloniex HTX faces scrutiny after reports suggest potential mixing of reserves with Poloniex. Recent sanctions have prompted the exchange to obscure its proof-of-reserves, raising questions about its financial practices. Opinion · 1 month ago Zcash and XRP Face Key Resistance Levels Amid Mixed Market Signals Zcash (ZEC) and XRP are navigating challenging market conditions, with both cryptocurrencies encountering significant resistance levels. ZEC remains above critical moving averages, while XRP struggles below its 50-day EMA despite signs of improving m