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Top tech news stories today: May 24, 2024

Today’s tech headlines include: The U.S. SEC approved ether-based ETFs. Nvidia supports 20,000 GenAI startups.

AuthorSylvia Shen

Reading Time4 min

PublishedMay 24, 2024

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Headline

Today’s tech headlines include: The U.S. SEC approved ether-based ETFs. Nvidia supports 20,000 GenAI startups.

Context

Today’s tech headlines include: The U.S. SEC approved ether-based ETFs. Nvidia supports 20,000 GenAI startups. Orange and Vodafone expand 4G Open RAN in rural Romania. Virgin Media enhances Manchester connectivity and more. The SEC approved Nasdaq, CBOE, and NYSE applications to list ether-based ETFs, a surprise win for the cryptocurrency industry. Nine issuers, including VanEck and ARK Investments, aim to launch ETFs. ( Reuters )

Evidence

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Analysis

Nvidia CEO Jensen Huang highlighted the surge in generative AI startups using Nvidia’s platform, emphasising high demand for GPUs. Nvidia’s H100 “Hopper” and upcoming “Blackwell” architecture will drive the AI revolution. ( Venture Beat ) Orange and Vodafone have expanded their pilot project in rural Romania with a 2G virtualised RAN technology, marking an ‘international first’ in RAN sharing. This innovation paves the way for cloud migration of RAN, supporting 2G/4G/5G networks. ( Capacity ) Virgin Media Business Wholesale launched diverse fiber routes and high-bandwidth services at Equinix’s Manchester MA5 data center, the 160th connected site. This enhances connectivity for businesses in Manchester and the North, supporting 10Gbps and 100Gbps services. ( Data Centre Dynamics ) Snowflake announced its acquisition of TruEra to enhance its AI capabilities, providing tools to test and monitor ML models and LLM apps. This move supports Snowflake’s aim to offer an end-to-end AI platform, ensuring effective and trustworthy applications, and strengthens its position against competitors like Databricks. ( Venture Beat )