Author: GT

Former Facebook executive Sarah Wynn-Williams testified before the Senate Judiciary Committee Wednesday, accusing the social media company of undermining national security and briefing China on U.S. artificial intelligence efforts in order to grow its business there. “We are engaged in a high-stakes AI arms race against China. And during my time at Meta, company executives lied about what they were doing with the Chinese Communist Party to employees, shareholders, Congress, and the American public,” Wynn-Williams said in her prepared testimony.Her book “Careless People,” an explosive insider account of her time at the social media giant, sold 60,000 copies in its…

(Bloomberg) — Bitcoin surged and most smaller cryptocurrencies gained even more after President Donald Trump surprised markets by saying he would pause so-called reciprocal tariffs on dozens of non-retaliating countries. The largest digital asset jumped as much as 7.4% to $82,715 after beginning Wednesday in the red, while XRP and Solana each increased more than 11%. Ether, the second-biggest token, also turned higher after Trump noted the change on his social media platform. The about-face by Trump signaled a tentative reprieve in trade hostilities that has wiped out trillions from global markets and ignited fears of a US recession. “Crazy!”…

Thomas Fuller | Sopa Images | Lightrocket | Getty ImagesThe fintech sector is rallying Wednesday following the Trump administration’s announcement of a 90-day pause on planned tariffs. Affirm was up 20%, Toast and Block rose 13% and PayPal increased 10%. The 90-day pause doesn’t eliminate the threat of tariffs — it just delays it. Investors are still pricing in risk, including inflation, discretionary pullbacks, hardware import costs and credit exposure.Legacy payment networks such as Visa and Mastercard, both up 6%, continue to benefit from inflation and their structural ties to nominal GDP. These companies take a percentage of every transaction. That makes…

A United Launch Alliance Atlas V rocket is on the launch pad carrying Amazon’s Project Kuiper internet network satellites, which are expected to eventually rival Elon Musk’s Starlink system, at the Cape Canaveral Space Force Station in Cape Canaveral, Florida, U.S., April 9, 2025. Steve Nesius | ReutersIn a social media post last month, Elon Musk had a message for Poland’s foreign minister, who had suggested that his country would seek alternatives to SpaceX’s Starlink if the satellite internet service “proves to be an unreliable provider.””Be quiet, small man,” Musk wrote on March 9, in response to the comment from Radoslaw…

Insect-scale robots can squeeze into places their larger counterparts can’t, like deep into a collapsed building to search for survivors after an earthquake.However, as they move through the rubble, tiny crawling robots might encounter tall obstacles they can’t climb over or slanted surfaces they will slide down. While aerial robots could avoid these hazards, the amount of energy required for flight would severely limit how far the robot can travel into the wreckage before it needs to return to base and recharge.To get the best of both locomotion methods, MIT researchers developed a hopping robot that can leap over tall…

This Bitcoin-focused hedge fund outperformed bitcoin last year. 210k Capital, the hedge fund for UTXO Management, was the fifth best performing single major hedge fund in 2024 according to HFR. It returned 164% net of fees in 2024. UTXO Management is the investing arm of BTC Inc., of Bitcoin Magazine and Bitcoin Conference fame. This article first appeared on Blockspace Media, the leading Bitcoin industry publication dedicated to covering Bitcoin tech, markets, mining, and ordinals. Get Blockspace articles directly in your inbox by clicking here. Single manager hedge funds are run by one entity, versus multi-manager or fund-to-fund hedge funds,…

Ex-OpenAI CTO Mira Murati’s new AI venture, Thinking Machines Lab, has gained two new prominent advisers: Bob McGrew, previously OpenAI’s chief research officer, and Alec Radford, a former OpenAI researcher behind many of the company’s more transformative innovations. Thinking Machines Lab’s website was quietly updated with McGrew and Radford’s names sometime in March. A spokesperson for the startup didn’t immediately respond to a request for comment. McGrew joined OpenAI as a member of the technical staff in 2017 and was promoted to VP of research in 2018 before assuming the role of chief research officer. He left in September 2024,…

Microsoft said it is “slowing or pausing” some of its data center construction, including a $1 billion project in Ohio, the latest sign that the demand for artificial intelligence technology that drove a massive infrastructure expansion might not need quite as many powerful computers as expected.The tech giant confirmed this week that it is halting early-stage projects on rural land it owns in central Ohio’s Licking County, outside of Columbus, and will reserve two of the three sites for farmland.“In recent years, demand for our cloud and AI services grew more than we could have ever anticipated and to meet…

The cryptocurrency market has struggled to maintain its earlier momentum as President Donald Trump’s tariffs continue to weigh on the broader market, with all three major indexes retreating sharply from their earlier highs. Among the cryptocurrencies, Bitcoin (BTC) has particularly taken the biggest hit, with its price plunging sharply from its all-time high. Bitcoin was hovering around $77,750 on Tuesday night after falling as low as $74,000 a day earlier. Understandably, the recent decline is a result of Trump’s tariff policies and regulatory ambiguity. However, Bitcoin still has a lot of potential and the rally is expected to resume once…

Dell, HP, and Lenovo laptops equipped with Intel Core Ultra processors, optimized for premium thin and powerful laptops, featuring 3D performance hybrid architecture, advanced AI capabilities, and built-in Intel Arc GPU, on display at the Consumer Electronics Show (CES) 2025, in Las Vegas, Nevada, USA, on January 8 2025. Artur Widak | Nurphoto | Getty ImagesPersonal computer shipments rose in the first quarter of the year as companies sped up deliveries to gear up for incoming tariffs.Research firm Canalys estimates that shipment for PCs jumped more than 9% during the period, while data from IDC Research pegged the growth at nearly…