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Shopify's Stablecoin Gamble: A Big Tech Domino Effect?

2025-06-12

Shopify's Stablecoin Gamble: A Big Tech Domino Effect?

Shopify is diving headfirst into stablecoin payments, announcing plans to roll out USDC payments platform-wide later this year. This significant move reflects Big Tech's growing embrace of stablecoins, aiming to offer faster, cheaper cross-border transactions. Partnering with Coinbase and Stripe, Shopify leverages Coinbase's Base blockchain for secure processing and integrates the functionality seamlessly into its existing system. This opt-out system, offering cashback incentives to both merchants and customers, is expected to trigger a wave of similar adoption among other payment processors, significantly impacting the future of e-commerce payments and potentially influencing upcoming cryptocurrency regulation.

(finance.yahoo.com)

Tech stablecoins crypto payments

Microsoft Cuts Hundreds More Jobs Amidst AI Boom

2025-06-03

Microsoft Cuts Hundreds More Jobs Amidst AI Boom

Weeks after its largest layoff in years, Microsoft has cut hundreds more jobs, highlighting the tech industry's cost-cutting measures despite massive AI investments. Over 300 employees across various roles, including software engineers, marketers, and researchers, were affected. This follows a previous layoff of 6,000 employees. Microsoft stated these cuts are part of ongoing organizational changes. The AI boom is reshaping the tech job market, with companies prioritizing AI-related roles and using AI to boost efficiency and reduce headcount.

(finance.yahoo.com)

Tech

SEC Drops Lawsuit Against Binance: A Shift in Crypto Regulation?

2025-05-29

SEC Drops Lawsuit Against Binance: A Shift in Crypto Regulation?

The U.S. Securities and Exchange Commission (SEC) voluntarily dismissed its civil lawsuit against Binance, the world's largest cryptocurrency exchange. This move is seen as a shift in the SEC's approach to crypto regulation since the Trump administration's return. The SEC had previously accused Binance of artificially inflating trading volumes, misappropriating customer funds, and misleading investors. The dismissal means the SEC cannot pursue this case again. Binance welcomed the decision, viewing it as a landmark moment for innovation to thrive under sensible regulation. It's important to note that this isn't Binance's only legal challenge; it previously paid over $4.3 billion for violating anti-money laundering and sanctions laws.

(finance.yahoo.com)

Tech Binance

Qualcomm's 5G Modem Outperforms Apple's In-House Chip in New Tests

2025-05-27

Qualcomm's 5G Modem Outperforms Apple's In-House Chip in New Tests

A Qualcomm-funded study reveals that Android smartphones using its Snapdragon X75 and X80 modems significantly outperform Apple's first in-house 5G modem, the C1, in download and upload speeds, especially in challenging urban environments. Qualcomm-powered phones showed up to 35% faster downloads and 91% faster uploads. While Apple's modem performed adequately in ideal conditions, the gap widened in low-signal areas. This highlights the technological hurdles Apple faces in bringing this critical component in-house, compared to Qualcomm's two-decade head start and extensive licensing. Qualcomm's stock rose following the report, while Apple's remained relatively unchanged, raising questions about future improvements to its modem.

(finance.yahoo.com)

Tech

Nvidia CEO: Don't Fear AI, Embrace It or Get Left Behind

2025-05-09

Nvidia CEO: Don't Fear AI, Embrace It or Get Left Behind

Nvidia CEO Jensen Huang stated at the Milken Institute Conference that AI won't directly cause job losses, but those who fail to utilize it will be displaced. He urged attendees to proactively learn AI tools like Perplexity and ChatGPT. Despite Nvidia's stock being down 15% year-to-date due to US restrictions on AI chip exports to China and concerns over US capacity overbuild, positive sentiment from tech giants Microsoft, Alphabet, and Meta regarding AI service demand and continued capital expenditure are bolstering the AI sector. Prominent investor Robert Smith echoed this optimism, believing many tech companies' AI opportunities are too good to pass up, with some valuations currently undervalued due to unrealized potential and investor apprehension about adopting AI.

(finance.yahoo.com)

Tech

Meta's AI Gamble: Reshaping Global GDP?

2025-05-05

Meta's AI Gamble: Reshaping Global GDP?

Meta CEO Mark Zuckerberg envisions AI as the key to boosting Meta's core advertising business and significantly increasing advertising's share of global GDP. Meta's massive AI investment isn't just about better ad targeting; it encompasses business messaging, Meta AI, AI devices, and enhanced user experiences. This ambitious strategy positions Meta to challenge Google Search, Apple's iPhone, and ChatGPT. While some investors remain skeptical about the ROI, early results are promising, with a new Reels ad model boosting conversion rates by 5% and nearly a third of advertisers using AI creative tools.

(finance.yahoo.com)

Tech

Trump Family Crypto Venture Sparks Controversy: $2B Binance Investment Raises Eyebrows

2025-05-01

Trump Family Crypto Venture Sparks Controversy: $2B Binance Investment Raises Eyebrows

A stablecoin launched by Donald Trump's World Liberty Financial is being used for a $2 billion investment in Binance by an Abu Dhabi firm. This latest Trump family crypto venture, following a January 'meme coin' launch, has drawn criticism for potential conflicts of interest. The stablecoin, USD1, is issued on Binance's blockchain and has been integrated with Tron. While USD1's value has rapidly grown, the identity of its major holders remains unclear, raising concerns. Senator Elizabeth Warren strongly criticized the deal, calling it corruption. The White House and World Liberty Financial have not yet commented.

(finance.yahoo.com)

Startup stablecoin Stablecoin

Amazon CEO: AI Optimist, but Education Concerns Remain

2025-05-01

Amazon CEO: AI Optimist, but Education Concerns Remain

Amazon CEO Andy Jassy, while an AI optimist, voiced concerns about the rapid pace of AI adoption and the potential lag in the education system. He believes AI will revolutionize nearly every experience but worries whether the education system is adequately preparing people for the future AI-driven economy. Amazon is heavily invested in AI, with a new "reasoning" AI model slated for a June launch. Jassy emphasizes the need for improved education to ensure people thrive in this new economic landscape.

(finance.yahoo.com)

Tech

Apple Found in Contempt of Court, Ordered to Halt App Store Commission

2025-05-01

Apple Found in Contempt of Court, Ordered to Halt App Store Commission

A federal judge ruled that Apple Inc. violated a court order and must stop charging commissions on purchases outside its App Store. Judge Yvonne Gonzalez Rogers found Apple willfully defied a 2021 ruling that required it to allow developers to bypass its in-app payment system. The judge also referred the case to federal prosecutors to investigate possible criminal contempt of court. This decision could significantly impact Apple's billions of dollars in annual App Store revenue and potentially lead to further legal battles. Epic Games, the plaintiff in the case, celebrated the ruling as a victory for developers.

(finance.yahoo.com)

Tech

EA Cuts Hundreds of Jobs, Cancels Titanfall Game

2025-04-30

EA Cuts Hundreds of Jobs, Cancels Titanfall Game

Electronic Arts (EA) is laying off 300 to 400 employees, including about 100 at its Respawn Entertainment subsidiary, and canceling a new Titanfall game codenamed R7. The cuts are part of a strategic realignment to improve resource allocation and drive future growth. R7, an extraction shooter set in the Titanfall universe, was in early development. This follows EA's earlier reduction of its fiscal year bookings estimate after the underperformance of EA Sports FC 25 and layoffs at BioWare after the disappointing sales of Dragon Age: The Veilguard.

(finance.yahoo.com)

Game

UK Fusion Firm First Light Fusion Pivots Away From Reactor Construction

2025-04-28

UK Fusion Firm First Light Fusion Pivots Away From Reactor Construction

UK-based nuclear fusion company First Light Fusion has suffered a 60% valuation drop after abandoning plans to build its first reactor due to funding issues. The company's 'projectile fusion' technology, involving firing a projectile at a fuel cell, proved too costly to develop into a power plant. Instead, First Light will now license its 'amplifier' technology, which boosts fusion reactions, to other nuclear power companies. This pivot aims for a more capital-efficient model and faster revenue generation. The decision comes amidst increased competition from China's advancements in fusion technology and highlights the challenges in commercializing this promising but complex energy source.

(finance.yahoo.com)

Tech

DoorDash Bids $3.6B to Acquire Deliveroo

2025-04-25

DoorDash Bids $3.6B to Acquire Deliveroo

British food delivery company Deliveroo announced that it has received a $3.6 billion all-stock acquisition offer from its US counterpart, DoorDash. Yahoo Finance's market analysis show, Market Domination Overtime, featured experts discussing the implications of this news for both companies and the broader food delivery market.

(finance.yahoo.com)

Startup Food Delivery

Supabase Raises $200M Series D, Valued at $2B

2025-04-22

Supabase Raises $200M Series D, Valued at $2B

Open-source application development platform Supabase announced a $200 million Series D funding round, bringing its valuation to $2 billion. Accel led the round, with participation from Coatue, Y Combinator, and others. Investors went to extraordinary lengths, with Accel partners even visiting the CEO in New Zealand to finalize the deal. Supabase aims to be a one-stop backend for developers, boasting 2 million developers and 3.5 million databases. Its success is attributed to its focus on the database layer, its understanding of the 'vibe coding' trend, and its remote-first culture attracting top talent globally.

(finance.yahoo.com)

Startup

The Space Economy in 2025: Beyond the Hype Cycle

2025-04-21

The Space Economy in 2025: Beyond the Hype Cycle

The early months of 2025 reveal a maturing commercial space sector, moving beyond its honeymoon phase. Investment is becoming more selective, government involvement is increasing, and competitive advantages are eroding. While space remains a powerful platform for economic and technological transformation, geopolitical realities and macroeconomic constraints are increasingly influential. This analysis examines the space economy's three-layered architecture: infrastructure, distribution, and applications, highlighting the significance of software-defined layers. Macroeconomic headwinds and technological tailwinds coexist, with increased opportunities in defense-related sectors, but challenges persist in commercial applications. Competition is intensifying, with SpaceX facing challenges from Blue Origin, Rocket Lab, and others. GeoAI emerges as a new growth area, while distribution-layer companies are achieving more with less funding. Future investments should focus on AI's strategic importance, the driving force of defense spending, and the resetting of infrastructure.

(finance.yahoo.com)

Tech

Powell's Purple Ties: A Symbol of Fed's Apolitical Stance

2025-04-04

Powell's Purple Ties: A Symbol of Fed's Apolitical Stance

Federal Reserve Chair Jerome Powell explained his consistent choice of purple ties at press conferences. Initially, it was simply a preference. However, he realized that in a politically divided America, purple, a color outside the traditional red-blue political spectrum, symbolizes the Fed's non-partisan stance. This comes as President Trump again urged Powell to cut interest rates, highlighting the importance of the Fed's independence from political pressure.

(finance.yahoo.com)

Tech Federal Reserve Jerome Powell Political Neutrality

Intel and TSMC JV: A Lifeline for the Struggling Chip Giant?

2025-04-04

Intel and TSMC JV: A Lifeline for the Struggling Chip Giant?

Intel and TSMC have reportedly reached a preliminary agreement to form a joint venture to operate Intel's US factories, with TSMC taking a 20% stake. This move could be a lifeline for Intel, which has struggled after missing the AI boom, suffering massive losses, and witnessing a significant stock price drop. Intel's previous attempts to manufacture chips for external clients faced challenges due to lagging customer service compared to TSMC, resulting in delays and failed tests. The success of this collaboration remains to be seen.

(finance.yahoo.com)

Tech

Apple Hit with $162M Fine in France Over App Tracking Transparency

2025-03-31

Apple Hit with $162M Fine in France Over App Tracking Transparency

France's antitrust authority fined Apple €150 million ($162 million) for abusing its dominant position in the mobile app market. The fine targets Apple's App Tracking Transparency (ATT) feature, introduced in April 2021, which requires apps to ask users for permission before tracking their data. While the feature aims to enhance privacy, the regulator ruled that its implementation was excessively complex and disproportionately harmed smaller app developers who rely on data collection. Apple maintains that ATT offers improved user control and has received widespread support, but the fine stands.

(finance.yahoo.com)

Tech

Reddit's Plunging Stock Price: AI Hype Fades, Growth Concerns Rise

2025-03-30

Reddit's Plunging Stock Price: AI Hype Fades, Growth Concerns Rise

Reddit's stock price has plummeted 50% from its February high, sparking market concerns. Its Q2 earnings report revealed it's lagging behind Meta and Google in the digital advertising space, and US traffic suffered due to a Google search algorithm change. While Reddit previously secured deals to provide content for AI model training, uncertainty about the long-term growth of the AI industry is adding to investor anxieties. Furthermore, the unlocking of early investor stakes could further depress the stock price. Although some analysts remain optimistic about Reddit's long-term growth potential, short-term volatility remains significant.

(finance.yahoo.com)

Tech Stock Price Decline

Alibaba Chairman Warns of AI Data Center Bubble

2025-03-25

Alibaba Chairman Warns of AI Data Center Bubble

Alibaba Group Holding Ltd. Chairman Joe Tsai warned of a potential bubble in data center construction, arguing that the current pace of buildout may outstrip demand for AI services. Major tech firms and investment funds are aggressively building server farms globally, often without securing clear customers. Tsai expressed concern about projects raising funds without firm uptake agreements. While Alibaba itself plans to invest over $52 billion in AI over the next three years, Tsai highlighted the massive spending by US tech giants (Microsoft, Amazon, Google, Meta) on AI infrastructure, suggesting it might exceed current and projected demand. He pointed to the low-cost, open-source AI model from DeepSeek as an example of the current lack of widespread practical AI applications. Alibaba's response involves leveraging the success of its Qwen-based AI platform and an internal 'reboot' focusing on talent acquisition.

(finance.yahoo.com)

Tech bubble risk

White House Hints at Using Gold Reserves to Buy Bitcoin

2025-03-25

White House Hints at Using Gold Reserves to Buy Bitcoin

A senior White House official hinted at the possibility of the U.S. using its gold reserves to acquire more Bitcoin. Bo Hines, executive director of the President’s Council of Advisers on Digital Assets, suggested this could be a budget-neutral way to increase Bitcoin reserves. He referenced the Bitcoin Act of 2025, proposing the US acquire 1 million Bitcoin over five years, funded by selling Federal Reserve gold certificates. President Trump also voiced his commitment to making the US a leading Bitcoin power.

(finance.yahoo.com)

Tech Gold Reserves

ChatGPT Use Linked to Increased Loneliness: OpenAI, MIT Study

2025-03-21

ChatGPT Use Linked to Increased Loneliness: OpenAI, MIT Study

New research from OpenAI and MIT suggests increased use of chatbots like ChatGPT may correlate with higher loneliness and less social interaction. A study following nearly 1,000 users for a month found that those spending more time with ChatGPT reported greater emotional dependence and loneliness. While few used ChatGPT for emotional support, the study indicated that individuals predisposed to emotional dependence might experience exacerbated loneliness. Researchers emphasize the need for further research into AI's impact on human well-being and responsible AI design.

(finance.yahoo.com)

AI

Apple's AI Shakeup: Vision Pro Lead Takes Over Siri

2025-03-21

Apple's AI Shakeup: Vision Pro Lead Takes Over Siri

Apple Inc. is reshuffling its executive ranks to address persistent delays and setbacks in its AI initiatives. CEO Tim Cook has reportedly lost confidence in AI chief John Giannandrea's ability to deliver, prompting the appointment of Mike Rockwell, the creator of Vision Pro, to oversee Siri. This move underscores Apple's lagging AI technology compared to rivals. Rockwell's extensive hardware experience and success with Vision Pro make him a strategic choice to revitalize Siri and improve its user experience. The reorganization involves other executive changes, highlighting Apple's determined effort to overcome its AI challenges.

(finance.yahoo.com)

Tech

BYD Unveils 1000kW Supercharging Platform: 5-Minute Charge for 400km Range

2025-03-18

BYD Unveils 1000kW Supercharging Platform: 5-Minute Charge for 400km Range

BYD launched a new super-fast charging platform for electric vehicles (EVs), boasting charging speeds comparable to refueling gasoline cars. They also announced plans to build a nationwide charging network across China. The platform achieves peak charging speeds of 1000 kW, enabling a 5-minute charge to deliver a 400km range, significantly surpassing Tesla's 500kW superchargers. BYD aims to build over 4,000 ultra-fast charging stations to address range anxiety, marking the industry's first achievement of megawatt charging power. This new architecture will initially power the Han L sedan and Tang L SUV.

(finance.yahoo.com)

Tech Fast Charging

Alphabet in Talks to Acquire Cybersecurity Startup Wiz for $30B

2025-03-17

Alphabet in Talks to Acquire Cybersecurity Startup Wiz for $30B

Alphabet, Google's parent company, is reportedly in advanced talks to acquire cybersecurity startup Wiz for approximately $30 billion, potentially its largest acquisition ever. Wiz offers AI-powered cloud-based cybersecurity solutions, helping companies mitigate critical risks. While the deal is not finalized and could change, it signifies Alphabet's significant investment in the booming cybersecurity market and expansion of its cloud infrastructure business. Regulatory scrutiny is likely given the size and Alphabet's market position.

(finance.yahoo.com)

Tech

Wall Street's Dark Pools Get Even Darker: The Rise of Private Trading Rooms

2025-03-17

Wall Street's Dark Pools Get Even Darker: The Rise of Private Trading Rooms

Wall Street's dark pools, already shrouded in secrecy, are becoming even more opaque with the introduction of private trading rooms. These exclusive venues offer the core benefit of dark pools – hiding large trades to avoid price impact – but with added exclusivity, specifying who can participate. While currently a minority of dark pool volume, their adoption is rapidly growing among broker-dealers, market makers, hedge funds, and asset managers. This raises concerns about market transparency and fragmentation, but also offers improved execution quality and allows firms to handpick counterparties. However, this lack of transparency presents challenges, including difficulty gauging market depth and potential regulatory risks.

(finance.yahoo.com)

Tech dark pools market transparency high-frequency trading

OpenAI Urges Federal Intervention in State AI Regulations

2025-03-13

OpenAI Urges Federal Intervention in State AI Regulations

OpenAI is urging the Trump administration to intervene, preempting state-level AI regulations with federal ones, to shield AI companies from a growing number of proposed state regulations. OpenAI argues that hundreds of pending state AI bills risk undermining America's technological progress. In exchange, companies would voluntarily provide their AI models to the federal government. This move aims to counter competition from China and ensure US AI leadership. OpenAI suggests the US AI Safety Institute as the main point of contact between the government and the private sector.

(finance.yahoo.com)

Tech

EU's DMA: Not Targeting US Tech Giants

2025-03-07

EU's DMA: Not Targeting US Tech Giants

EU antitrust and tech chiefs clarified to U.S. congressmen that the Digital Markets Act (DMA) aims to keep digital markets open and is not targeting U.S. tech giants. They pointed out that the U.S. has also taken antitrust actions against these companies. The act's purpose is to prevent unfair practices by large tech firms, not to tax American companies.

(finance.yahoo.com)

Tech

Google Fights Back Against Breakup, Citing National Security

2025-03-05

Google Fights Back Against Breakup, Citing National Security

Google is pushing back against the Justice Department's efforts to break up the company, arguing that such a move would harm national security. In meetings with the DOJ, Google representatives stressed that dismantling Google would damage the US economy and national security. This comes after the DOJ ruled Google illegally monopolized online search and proposed forcing Google to sell Chrome and make other business changes. While Google has previously voiced these concerns, this latest push comes as the case enters the “remedy” phase, where the court could impose sweeping changes. The final decision rests with the acting Assistant Attorney General, who will determine the DOJ's final recommendation. The fight involves restrictions on Google's AI investments and broader discussions about regulating US tech giants.

(finance.yahoo.com)

Tech

China Aims for Commercial Nuclear Fusion Power by 2050

2025-03-05

China Aims for Commercial Nuclear Fusion Power by 2050

China National Nuclear Corp. (CNNC) aims to commercialize nuclear fusion technology for emissions-free power generation by 2050. Operating an experimental device known as the ‘artificial sun’, CNNC projects its first commercial power generation project to begin around 2050, following a demonstration phase starting circa 2045. This ambitious goal reflects China's significant push in nuclear fusion, a near-limitless clean energy source. CNNC has established China Fusion Corp. and secured substantial investment for advanced tokamak devices. Additionally, CNNC plans to scale up production of its domestically designed nuclear fission reactors and small modular reactors over the next five years. China is poised to become the world's largest reactor fleet operator by 2030, driven by its ambitious climate goals.

(finance.yahoo.com)

Tech

Citigroup's $6 Billion Near-Miss: A Systemic Risk?

2025-03-04

Citigroup's $6 Billion Near-Miss: A Systemic Risk?

Bloomberg News reported that Citigroup nearly transferred $6 billion into a customer's account by mistake. A wealth management employee mistakenly copied and pasted an account number into the dollar amount field. While the error was caught the next day, it highlights systemic issues in Citigroup's risk management and data governance. This follows a previous incident where $81 trillion was mistakenly transferred. These incidents have led Citigroup to invest in improved compliance and resulted in hefty regulatory fines, including $400 million in 2020 and $136 million in 2023.

(finance.yahoo.com)

Tech Citigroup transfer error

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