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Nvidia introduces AI supercomputer

Nvidia continues to push forward in the race to develop artificial intelligence (AI) tools and applications as the company revealed plans to release more AI products. 

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Nvidia continues to push forward in the race to develop artificial intelligence (AI) tools and applications as the company revealed plans to release more AI products. 

Speaking at the Computex show in Taiwan on May 28, Nvidia CEO Jensen Huang unveiled a new AI supercomputer platform called DGX GH200. The supercomputer’s primary purpose is to aid tech companies in developing successors to the popular AI chatbot ChatGPT, according to Huang.

Big Tech firms such as Microsoft, Meta and Google’s Alphabet are anticipated to be among some of the pioneering users of the supercomputer equipment.

Huang announced a new service called Nvidia ACE for Games, which targets the video game industry. ACE will utilize AI to help give background characters in games more character.

Additionally, the company plans to partner with marketing and communications giant WPP to combine AI and metaverse technologies to lower advertising costs. Nvidia is planning a new networking scheme that will accelerate the speed of information within data centers. 

While Nvidia is leading the pack in terms of producing powerful chips to power AI applications, other companies are rushing to join in on the AI frenzy. 

Microsoft recently announced that it is developing its own chip with the capacity to power ChatGPT-like applications.

In China, developers are under sanctions from the United States, which has barred access to the latest version of Nvidia chips. However, local developers are currently trying combinations of chips and semiconductors to create their own methods of AI development.

As AI becomes more accessible and developers continue to push out new products, they are also in conversations with lawmakers around the world in order to ensure regulations that allow for innovation.

In early May, executives of many major tech companies gathered at the White House with U.S. Vice President Kamala Harris to discuss the dangers of AI. Officials also addressed companies, including Nvidia, about participation in publicly evaluating AI systems.

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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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