Top tech news stories today: March 5, 2024

Welcome to the latest news where we bring you the most recent developments in the world of technology and finance. From groundbreaking innovations to significant legal actions, here’s a glimpse of what’s been happening:

1. MicroStrategy to offer $600 million in convertible notes to buy more bitcoin

MicroStrategy, the largest corporate holder of Bitcoin, is seeking to bolster its cryptocurrency reserves through the sale of $600 million in convertible senior notes. (Bloomberg)

2. Binance Web3 wallet enhances functionality with Blast Network integration

Binance, the world’s leading cryptocurrency exchange, has integrated the Blast Network into its Web3 Wallet, providing users with access to an Ethereum Layer 2 scaling solution. (Blockchian.News)

3. Bitdeer launches innovative 4nm SEAL01 bitcoin mining chip

Bitdeer has unveiled its latest innovation, the SEAL01 Bitcoin mining chip, designed to address the challenges posed by the 2024 Bitcoin halving. Leveraging advanced 4-nanometer process technology, this chip promises exceptional efficiency and sustainability in Bitcoin mining operations. (Blockchain.News)

4. Binance announces PIXEL airdrop for RONIN locked products holders

Binance’s announcement of support for the PIXEL airdrop targeting users with RONIN locked products marks a significant milestone in user rewards within the cryptocurrency space. (Blockchain.News)

5. Optiva accelerates competitive edge with generative AI-enabled real-time BSS

Optiva, a provider of cloud-native billing and revenue management software for telecom firms, announces the integration of generative AI (GenAI) into its BSS platform. (CloudTech

6. Elevating financial services in digital age: Hybrid multicloud approach

The EY-FICCI cloud report emphasises the advantages of shifting data workloads to the cloud, citing benefits such as data monetisation, developer productivity, and fostering innovation. (ETCIO)

7. Build a more energy-efficient future for HPC in the cloud

Hyperion Research predicts robust growth for the HPC market, surpassing $50 billion by 2026, driven by escalating demand for computing capacity. While powerful GPUs accelerate AI and ML workloads, they also escalate energy consumption, amplified by rising global electricity prices. (Information Week)

8. Cisco brings AI assistant to cloud app security service

Cisco’s introduction of a generative AI-based assistant marks a significant advancement in cloud-native application security. The Cisco AI Assistant for Panoptica promises to enhance efficiency by streamlining risk management and remediation processes across multi-cloud environments. (Network World)

9. Apple hit with $2 billion EU antitrust fine in Spotify case

On Monday, Brussels levied a fine of 2 billion against Apple for impeding competition from music streaming competitors through limitations on its App Store.  (Reuters)

10. Apple launches MacBook Air laptops with faster M3 chips

On Monday, Apple introduced two new MacBook Air laptops featuring its latest M3 processors, aiming to appeal to consumers seeking AI-enhanced personal computers. (Reuters)

11. Former Twitter execs sue Elon Musk for over $128 mln in severance

Former CEO Parag Agrawal and three other top Twitter executives have filed a lawsuit against Elon Musk, claiming over $128 million in unpaid severance. This legal action, filed in a federal court in San Francisco, adds to the challenges Musk faces following his acquisition of Twitter for $44 billion in October 2022, subsequently renaming it X. (Reuters)

12. Amazon’s AWS to launch Saudi Arabia data centers, invest over $5.3 bln

Amazon Web Services announced on Monday its plan to launch data centers in Saudi Arabia by 2026, investing over $5.3 billion in the kingdom. This move will facilitate secure content storage and faster workload execution for users. (Reuters)

13. Apple to pay C$14.4 mln to settle iPhone throttling case in Canada, CBC reports

The British Columbia Supreme Court has greenlit a proposed C$14.4 million ($10.6 million) settlement from Apple in response to a class-action lawsuit alleging deliberate slowdown of iPhone 6 and 7 models via software updates. (Reuters)

Sylvia-Shen

Sylvia Shen

Sylvia Shen, a news reporter at BTW media dedicated in Fintech and Blockchain. She graduated from University of California, Davis. Send tips to s.shen@btw.media.

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