The latest groundbreaking technology advancements reshaping our world.
Fintech
1. Ripple CEO predicts crypto market will double in size to $5 trillion by the end of 2024
The value of the cryptocurrency market could almost double to $5 trillion by the end of the year, propelled by the January approval of spot bitcoin exchange-traded funds in the U.S. and the mining-reward halving due later this month, according to Ripple CEO Brad Garlinghouse. (CNBC)
2. World’s first bitcoin DEX Satoshi DEX announces $9 million reached in presale
World’s First Bitcoin DEX Satoshi DEX Announces $9 Million Reached in Presale. The world’s first Bitcoin DEX –Satoshi DEX has unlocked a milestone, as the presale has shot up to more than $9 million, as the project continues to grow. Currently, the presale is still LIVE, less than 6% left to distribution. (Investing)
IT infrastructure
3. TSMC wins $6.6 bln US subsidy for Arizona chip production
The U.S. Commerce Department said on Monday it would award Taiwan Semiconductor Manufacturing Co’s (TSMC) (2330.TW) , opens new tab U.S. unit a $6.6 billion subsidy for advanced semiconductor production in Phoenix, Arizona and up to $5 billion in low-cost government loans. (The standard)
4. Alibaba Cloud announces price cut on products powered by offshore data centres
China’s Alibaba Cloud on Monday said it will cut prices for products that are powered by its offshore data centres by as much as 59% amid rising competition to attract artificial intelligence software developers. (India times)
5. Denodo integrates Google Cloud into platform
Denodo Partners with Google Cloud on the Future of Enterprise Innovation with New Data Virtualization and Generative AI Integration. GOOGLE CLOUD NEXT, Booth 1362 – Denodo, a leader in data management, announced a new integration of the Denodo Platform with Google Cloud’s Vertex AI as part of its partnership. (Capacity media)
Tech trends
6. Samsung to get $6-7 billion in chip subsidy next week for Texas expansion, sources say
The Biden administration plans to announce it is awarding more than $6 billion to South Korea’s Samsung, next week to expand its chip output in Taylor, Texas, as it seeks to ramp up chipmaking in the U.S., two people familiar with the matter said. (Reuters)
7. Atos seeks over $1 billion in new funds
Crisis-hit French IT firm Atos has told creditors and bondholders it is seeking more than 1 billion euros ($1.09 billion) in new funds, Bloomberg News reported on Monday, citing people with direct knowledge of a new restructuring plan. (US News)
8. Web Summit CEO returns six months after resigning
Cosgrave resigned as CEO in October after backlash to post accusing Israel of committing war crimes in Gaza. The co-founder of one of the world’s largest tech conferences has returned as chief executive six months after stepping down amid a backlash over comments he made criticising Israel. (TechCrunch)
9. Microsoft is confident Windows on Arm could finally beat Apple
Microsoft is getting ready to fully unveil its vision for “AI PCs” next month at an event in Seattle. Sources familiar with Microsoft’s plans tell The Verge that Microsoft is confident that a round of new Arm-powered Windows laptops will beat Apple’s M3-powered MacBook Air both in CPU performance and AI-accelerated tasks. (The Verge)
AI
10. Microsoft to launch AI hub in London
The Microsoft AI London hub will work with teams across Microsoft and its partners, including OpenAI, to create language models, their supporting infrastructure and tooling for foundation models, Mustafa Suleyman, executive vice president and CEO of Microsoft AI, said in a Monday (April 8) blog post. (Business Insider)
11. Tesla’s Musk predicts AI will be smarter than the smartest human next year
Tesla CEO Elon Musk on Monday predicted development of artificial intelligence that was smarter than the smartest human probably by next year, or by 2026. (Chanel News Asia)
12. Italian state lender to invest 1 bln euros in 5 years in AI
The venture capital arm of Italy’s Cassa Depositi e Prestiti (CDP) will invest 1 billion euros ($1.1 billion) over the next five years in artificial intelligence (AI) and cybersecurity, the state lender said on Monday. (Yahoo)
IoT
13. VVDN’s Intelligent Cloud Engine (ICE) goes LIVE on Google Cloud Marketplace
VVDN Technologies, a global provider of software, product engineering, electronic manufacturing services, and solutions, has announced the successful launch of its Smart IoT Cloud Platform, Intelligent Cloud Engine (ICE), on Google Cloud Marketplace resulting from its multi-year collaboration with Google Cloud. (Barchart)
