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Samsung to develop AI chips with Canadian startup 

The Canadian startup Tenstorrent revealed a new partnership with Samsung’s chip manufacturing department.

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The Canadian startup Tenstorrent revealed a new partnership with Samsung’s chip manufacturing department.

The startup announced the partnership with Samsung, saying it will use it to bring the “next generation of AI chiplets to market.” Tenstorrent manufactures chips and intellectual property for data centers.

The deal includes using one of Samsung’s advanced manufacturing processes, the SF4X process and 4nm architecture, to produce its next-gen chips. According to the announcement, the product to be developed with Samsung will be a chiplet to be paired with other chiplets in one package.

Jim Keller, the CEO of Tenstorrent, said the goal is to develop “high performance compute” and to deliver these solutions to “customers around the world.”

In August, Tenstorrent closed a $100 million funding round led by Samsung and the automotive manufacturer Hyundai. At the time, Tenstorrent said the funds would go toward accelerating product development and design, AI chiplets and a roadmap for machine learning software.

This development comes in the heat of the race to develop the most powerful AI chips to create high-level AI systems.

Currently, Nvidia is the market leader when it comes to chip development and power. Earlier in 2023, the company briefly tipped $1 trillion in value amid the AI frenzy.

While Nvidia remains at the head of the pack for chip development, it recently came under scrutiny by authorities in France in an antitrust investigation. The local police raided Nvidia offices after French antitrust authorities made a general inquiry into the cloud computing sector.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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