Governance
Top tech news stories today: June 04, 2024
Next week’s Apple WWDC is set to be historic, as the tech giant unveils its AI integrations and a landmark partnership with OpenAI.
Headline
Next week’s Apple WWDC is set to be historic, as the tech giant unveils its AI integrations and a landmark partnership with OpenAI.
Context
Apple’s Worldwide Developers Conference will showcase AI integrations, and AMD unveiled the MI325X accelerator to compete with Nvidia. Despite significant inflows for BlackRock’s IBIT and Fidelity’s FBTC bitcoin ETFs, they still lag behind Vanguard in total ETF inflows. Vanguard leads with $102.8 billion in 2024, compared to BlackRock’s $65.1 billion and Fidelity’s $8.9 billion. Bitcoin ETFs constitute 26% and 56% of BlackRock’s and Fidelity’s inflows, respectively. ( Cointelegraph )
Evidence
Pending intelligence enrichment.
Analysis
Hong Kong’s crypto exchange licences now cost several million dollars, a significant decrease from the $25 million seen a year ago. Currently, only HashKey and OSL are fully licenced, with HashKey managing $500 million in user assets and facilitating $440 billion in trades. ( Cointelegraph ) The RIPE Cooperation Working Group will hold an interim session on the European Commission’s “White Paper on How to Master Europe’s Digital Infrastructure Needs” on 6 June 2024. Open to all, the session features speakers Peter Stuckmann from the European Commission and Dr. Joanna Kulesza from Lodz Cyber Hub, discussing low Earth orbit satellites. ( RIPE ) Microsoft is cutting hundreds of jobs in its Azure cloud unit, impacting Azure for Operators and Mission Engineering, with up to 1,500 job cuts. This follows earlier layoffs at Activision Blizzard and Xbox. ( The Adviser Magazine.com ) ASML has opened a test laboratory in Veldhoven, Netherlands, for its High NA EUV lithography equipment, in collaboration with Imec. This €350 million tool will enhance chip resolution by up to 60%, aiding future chip generations. ( CNBC )
Key Points
- Crypto
- 1. Bitcoin ETFs make 26% of BlackRock’s 2024 inflows, 56% of Fidelity’s
- 2. Hong Kong crypto exchange licence applications cost less than expected
- Internet governance
- 3. RIPE cooperation working group interim session on Europe’s digital infrastructure and regulation
Actions
Pending intelligence enrichment.
