Nvidia Q2 revenue beats expectations in record-setting boost to AI sector

August 28, 2024 Coin Telegraph

Apple

The company expects next quarter to be even better with improvement projected across nearly every vertical.

Nvidia’s earnings call did not disappoint as CFO Colette Kress announced Q2 earnings of $30 billion, beating its previous estimate by two billion dollars. This bullish signal could buoy the burgeoning artificial intelligence sector as markets reopen on Thursday Aug. 29.

Nvidia held its Q2 earnings call on Wednesday Aug. 28 in what investors and analysts have been treating as a sort of “Groundhog’s Day” for the artificial intelligence industry.

CFO Colette Kress’ announcement that the company posted a second quarter revenue of $30 billion should be enough to allay any worries over an artificial intelligence winter. These figures beat estimates by about seven percent. This continued the firm’s streak of record-breaking quarters and prompted a litany of positive responses across social media.

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Meta cancels next-gen headset as Reality Labs remains mired in VR

August 24, 2024 Coin Telegraph

Coin Telegraph

There’s more to the metaverse than hardware, and Mark Zuckerberg appears to be learning that lesson the hard way.

Meta’s metaverse ambitions may not be going as well as planned. The company’s Realty Labs division reportedly stopped work on a next-generation headset amid concerns the product wouldn’t sell well enough to justify its production.

According to a report from The Information, workers were given the cease order after CEO Mark Zuckerberg weighed-in during a product update meeting. Evidently, Meta was expecting Apple’s Vision Pro — a product similar to the one Reality Labs was developing — to perform better than it has.

Despite involvement from some of the top technology firms in the world, including Sony, HTC, Meta, and Google, virtual reality hardware remains a niche market. As far as consumers are concerned, VR remains a niche product.

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Big tech is prepping an explosive pivot to robotics

August 24, 2024 Coin Telegraph

artificial intelligence

The ten most valuable tech firms in the world are all involved in developing technology for the robotics industry.

The next big thing in the technology industry appears to be consumer robotics and there could be massive implications for both Main Street and Wall Street.

An analysis of the top ten tech firms in the world by market capitalization, their 2024 performance to-date, and what we’ve been able to glean about their current budgets indicates that big tech is ready to move beyond chatbots.

There are currently countless robots in the world. They’re used to build cars, stitch clothing, and even handle nuclear materials. But these specialized machines are purpose-built to perform specific tasks and typically not available or even useful to the average person.

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Former BAYC creative director Jeff Nicholas joins Meta’s Reality Labs

August 17, 2024 Coin Telegraph

Bored Apes Yacht Club

Nicholas joins Meta as an executive mixed reality producer for entertainment experiences.

Former Yuga Labs creative director for Bored Apes Yacht Club Jeff Nicholas will be joining Meta’s Reality Labs as an executive producer for mixed reality entertainment experiences.

Nicholas announced the move on X and LinkedIn, stating that he’ll begin his new position in September.

He also added that he’d be working specifically on virtual reality products:

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

California removes teeth from AI law without addressing tech’s core concerns

August 16, 2024 Coin Telegraph

Amazon

The law appears more corporate-friendly, but the implications for consumers are a bit murkier.

California lawmakers have amended a controversial bill that would hold artificial intelligence firms accountable for harms caused by their products in response to industry criticism. However, it’s unclear if the state’s concessions will be enough to convince naysayers in the tech industry.

The bill, called the Safe and Secure Innovation for Frontier Artificial Intelligence Models Act (SB-1074), essentially seeks to protect whistleblowers and empower the state of California to intervene if it has reason to believe an AI-related catastrophe is going to occur.

As Cointelegraph recently reported, the tech industry is in a bit of an uproar over the bill’s stipulations, with many tech luminaries saying it would stifle innovation and growth.

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Half of the 10 most valuable companies on Earth are making metaverse hardware

August 11, 2024 Coin Telegraph

Apple

The metaverse is dead, long live the metaverse.

Microsoft is reportedly looking to take on Apple’s Vision Pro headset with new hardware it would develop in partnership with Samsung. This would mean that five of the ten most valuable companies by market capitalization — Apple, Google, Meta, Microsoft, and Nvidia — are currently developing new metaverse gear.

The Microsoft news comes from a local outlet in South Korea, The Elec. According to the report, Microsoft plans to order hundreds of thousands of OLED panels from Samsung for a device to be mass produced in 2026.

That’s a ways off and, according to The Verge, the device will be a headset meant for spatial computing (as opposed to virtual reality). The Verge also indicated that it was specifically not meant for the metaverse — but, any display device, including a computer monitor, can interface with “the metaverse,” spatial computing devices just offer a different level of immersion.

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

German quantum breakthrough highlights need for particle physicists in crypto

August 3, 2024 Coin Telegraph

Amazon

German quantum breakthrough highlights need for particle physicists in crypto

Breakthrough quantum computing research out of Germany could lead to a revolution in particle physics with implications for finance, economics, and cryptocurrency. It might be time for firms in the crypto industry to add chief science officers and particle physicists to their portfolios.

Much like the tech industry before it, crypto has bootstrapped itself on the virtue of its own feats of engineering and innovation. The engineering and innovation it took to invent blockchain and cryptocurrency are, arguably, analogous to the advent of personal computing and the internet.

Over the past 20 years, however, the tech industry has shifted towards hard science. Perhaps it’s time for crypto to follow suit.

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Whatsapp Warns It May Leave Nigeria Over Order to Pay a $220 Million Fine

August 3, 2024 Bitcoin.com

Whatsapp Warns It May Leave Nigeria Over Order to Pay a 0 Million Fine

bitcoin.com

Whatsapp, the social media platform owned by Meta Inc., has stated that it would be impossible to comply with additional demands from Nigeria’s consumer protection agency. The social media platform argues that the Nigerian agency’s order compelling it to pay a $220 million fine contains multiple inaccuracies and misrepresents how the platform operates. The fine […]

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Nvidia delays next gen AI chip as investors issue ‘bubble’ warning

August 3, 2024 Coin Telegraph

Amazon

After briefly breaking the $3 trillion market capitalization mark in June, things have taken a negative turn for the world’s most valuable chipmaker.

Nvidia’s highly anticipated “Blackwell” B-200 artificial intelligence chip will reportedly be delayed, sending the near-term future of the entire AI industry into a state of uncertainty.

Tech news outlet The Information claims that a Microsoft employee and at least two other people familiar with the situation have stated that the new chip’s launch date has been pushed back by at least three months due to a design flaw.

While Nvidia hadn’t given a public launch date, CEO Jensen Huang recently announced that the company would begin sending engineering samples “this week” on July 31 at the SIGGRAPH event in Denver, Colorado.

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Meta to Appeal Nigeria’s $220 Million Data Privacy Fine

July 22, 2024 Bitcoin.com

Meta to Appeal Nigeria’s 0 Million Data Privacy Fine

bitcoin.com

Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) has fined Meta (formerly Facebook) $220 million for alleged data privacy violations. The investigation centered on Whatsapp LLC and Meta’s failure to allow users to consent to the gathering and use of their data. The FCCPC said it imposed the fine in accordance with the FCCPA 2018, […]

Meta.