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Apollo Surpasses Profit Forecast with Asset and Lending Expansion
pollo Global Management reported strong Q3 earnings, exceeding Wall Street expectations thanks to rising assets under management and growth in its lending and retirement businesses.
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Meta plans to start using stablecoins this year
Meta is reportedly exploring the integration of stablecoins on the Ethereum blockchain, with plans to begin implementation in 2025.
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Cambricon revenue up 4,300% as Nvidia halts China sales.
Cambricon posts a record 4,300% revenue surge as Nvidia records no H20 chip sales to China amid U.S. export restrictions, fueling local competition.
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Billionaire numbers hit record high: Over 3,000 globally
The number of billionaires worldwide reached a record high this year, with Forbes magazine's annual list surpassing 3,000 billionaires for the first time. Their combined wealth has now reached an astonishing $16.1 trillion.
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Dubai's Crypto Tower: The Future of Blockchain Innovation
Dubai is set to redefine the global blockchain landscape with its ambitious 17-story Crypto Tower, offering approximately 46,000 square meters of rental space dedicated to Web3 innovation and development.
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Skype Shuts Down After Two Decades
After more than 20 years of service, Skype officially shut down on May 5, marking the end of an era for one of the first major video- and voice-calling platforms.
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OpenAI raises $40B at $300B post-money valuation
OpenAI has secured $40 billion in one of the largest private funding rounds to date, bringing its valuation to $300 billion post-money.
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Gold reaches a new record high, surpassing $3,400/oz
Gold prices surged above $3,400, setting a new all-time high on Monday, as the dollar weakened and rising concerns over the U.S.-China trade conflict increased demand for safe-haven assets.
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The Trump family’s next venture, a mobile phone company
The Trump family has unveiled a new product to rally supporters: mobile phones.
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apple loses over 50B in market value
Apple’s iPhone 17 unveiling failed to excite investors, leading to a $50 billion market cap drop.
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China become the world's largest exporter
China exported 1.07 million vehicles between January and March, marking a 58% year-on-year increase, according to the China Association of Automobile Manufacturers. In comparison, Japanese auto exports reached 954,185 units, reflecting a 6% increase.
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Will Digital Currencies Become the Norm in a Cashless Society?
As the world shifts towards a cashless future, digital currencies are gaining traction. More than 90% of central banks globally are exploring the introduction of a central bank digital currency (CBDC) to complement existing banknotes, according to a report by the Bank for International Settlements (BIS).
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Trump Announces 25% Tariffs on Steel and Aluminum Imports, Markets React
President Donald Trump announced that the United States will impose a 25% tariff on all steel and aluminum imports, including those from Canada and Mexico, with additional import duties expected later in the week.
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Amazon Now Has 1 Million Robots in Its Warehouses
Amazon now operates 1 million robots across its global warehouses, edging closer to replacing human roles with AI and automation.
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FIFA launches its own blockchain for Web3 expansion
FIFA has officially launched its own blockchain infrastructure using Avalanche’s Subnet technology, concluding its previous partnership with Algorand.
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McDonald’s says it plans to hire 375,000 people this summer
McDonald’s is launching its largest hiring campaign in five years, aiming to recruit up to 375,000 workers ahead of the summer rush.
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Starbucks CEO Brian Niccol $96 Million After Just Four Months
Starbucks Corp. awarded its new Chief Executive Officer, Brian Niccol, approximately $96 million after just four months on the job last year, marking one of the largest compensation packages in corporate America.
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Trump Pushes Tech Firms to Prioritize American Workers
Trump calls on tech giants to stop hiring foreign workers, including Indians, urging a focus on U.S. jobs in AI.
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Is AI Progress at Risk Due to Data Shortage?
The rapid growth of generative AI and large language models (LLMs) has been nothing short of revolutionary.
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Elon Musk’s AI Firm xAI Launches Grok 3, Claims It Outperforms Rivals
Elon Musk’s artificial intelligence company, xAI, has unveiled its latest flagship model, Grok 3, which it claims surpasses competitors, including OpenAI’s ChatGPT.
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