Author: GT

There was a bit of volatility in crypto on Wednesday, but most of the market continued the weeks’ trend of trading in a very tight range. Shortly after the close of the U.S. stock market, bitcoin (BTC) was changing hands at $94,700, down just 0.4% over the past 24 hours. BTC was lower by nearly 2% at one point alongside a sizable early decline in stocks. Hit harder during the early decline, altcoins also rebounded, but underperformed bitcoin The CoinDesk 20 slumped 2% in the last 24 hours, with litecoin (LTC), ripple (XRP), avalanche (AVAX) and chainlink (LINK) all dropping…

The eponymous sign outside Epic headquarters in Verona, Wisconsin.Source: Yiem via Wikipedia CCEpic Systems, the biggest electronic health records (EHR) vendor, notched its largest ever net gain in hospital market share on record in 2024, widening its lead over rival Oracle, according to a report from Klas Research on Wednesday.Epic added a total of 176 facilities and 29,399 beds in 2024, while Oracle lost 74 sites and 17,232 beds during the same period, the report said. For the first time ever, Oracle declined to share a list of new contracts with Klas, a health-care IT research foundation. Klas said it estimated…

Last month, Brett Adcock, founder of robotics startup Figure AI, claimed in a post on X that his company “is now # 1 most sought-after private stock in the secondary market.” But the company has sent cease-and-desist letters to at least two brokers who run secondary marketplaces, those brokers told TechCrunch. These people said Figure AI’s cease-and-desist letters demanded that they stop marketing the company’s stock. Both brokers said they received the letters for the first time after Bloomberg reported in mid-February that Figure was seeking a $1.5 billion round at a $39.5 billion valuation — a fifteenfold increase from…

AHMEDABAD, India (AP) — It’s a little past 10 a.m. and the heat is already blazing on the outskirts of the Western Indian city of Ahmedabad.Sapnaben Chunara, a 30-year-old mother of three, has just finished her morning chores. She seeks respite from the heat in the shade of a neem tree, a species that can withstand high temperatures and drought. Chunara spends most of the day outdoors in Vanzara Vas, a low-income neighborhood of about 800 families, because her tin-roofed house is even hotter. Indoor temperatures can be even higher, especially when outside they climb above 40 degrees Celsius (104…

President Donald Trump came to office earlier this year promising sweeping change on the economy and what investors hoped would be a pro-growth wave that would propel markets higher. It hasn’t quite worked out that way. Trump’s aggressive, volatile stance on tariffs targeted at adversaries and allies alike has unsettled global markets and thrown Wall Street off balance. Despite a rebound in the latter half of April as he signaled willingness to pursue trade deals and pulled back from his most draconian version of “reciprocal” tariffs, most assets remain lower in Trump’s first 100 days in office. The one exception…

This photo illustration created on Jan. 7, 2025, in Washington, D.C., shows an image of Mark Zuckerberg, CEO of Meta, and an image of the Meta logo.Drew Angerer | AFP | Getty ImagesChinese online retailers have cut back their spending on Facebook and Instagram ads in reaction to President Donald Trump’s tough trade policy with the country.Meta’s finance chief Susan Li said Wednesday that “Asia-based e-commerce exporters” have reduced their spending with the social media company. It’s likely those firms did so as they prepare for the de minimis trade loophole ending this Friday, Li said during a first-quarter earnings…

Waymo and Toyota have agreed to explore a possible deal that could one day lead to a new vehicle designed for ride-hailing and even bring self-driving tech into consumer cars. The two companies have signed a preliminary agreement to look into developing and deploying an autonomous vehicle platform, according to a blog posted by Waymo. The language used by the companies is vague — and essentially comes down to a hey-let’s-see-how-we-might-work-together arrangement. A spokesperson said more details will be shared if there is a definitive agreement. The goal, if Waymo and Toyota officially partner, is twofold. The companies would combine…

Nasdaq has submitted a regulatory filing to list and trade shares of the 21Shares Dogecoin ETF, potentially creating a new investment avenue for the popular cryptocurrency as the Securities and Exchange Commission continues to extend review periods for multiple crypto fund applications. According to the filing, the proposed ETF would hold spot Dogecoin and track the CF DOGE-Dollar US Settlement Price Index, with Coinbase Custody Trust Company serving as the cryptocurrency custodian for the trust. The application represents another step toward expanding cryptocurrency access through ETFs, which would allow investors to buy Dogecoin exposure through their existing brokerage accounts instead…

On Tuesday, Meta held its first-ever AI developer conference, LlamaCon, at its Menlo Park, California, headquarters. The company announced the launch of a consumer-facing Meta AI chatbot app, which will compete with ChatGPT, as well as a developer-facing API for accessing Llama models in the cloud. Both releases aim to expand adoption of the company’s open Llama AI models, but that goal may be secondary to Meta’s true motive: beating OpenAI. Meta’s AI ambition, in broad strokes, is fueling a thriving open AI ecosystem that sticks it to “closed” AI providers like OpenAI, which gate their models behind services. Meta’s…

Instagram and Facebook parent Meta Platforms Inc. posted better-than-expected results Wednesday for the first quarter thanks to strong advertising revenue — boosted by artificial intelligence tools — on its social media platforms.Meta’s stock climbed in extended trading after the results came out. It was a “a good quarter for Meta, but it was before the economic turmoil really kicked in and before the seesaw of the tariffs began,” said Sonata Insights chief analyst Debra Aho Williamson. “It was also before we started to see pullbacks in ad spending from China-based advertisers like Temu and Shein.”Going forward, she added, Meta should…