From a report:
Microsoft CEO Bill Gates has an interesting take on who should buy Bitcoins. He being the third richest man in the world said that Bitcoins are not for him because he has less money than Tesla CEO Elon Musk. So basically anybody who has less money than Musk should not invest in Bitcoin… Gates during an interview with Bloomberg…
Tag: investing
Why an Animated Flying Cat With a Pop-Tart Body Sold for Almost $600,000
In the 10 years since Chris Torres created Nyan Cat, an animated flying cat with a Pop-Tart body leaving a rainbow trail, the meme has been viewed and shared across the web hundreds of millions of times. On Thursday, he put a one-of-a-kind version of it up for sale on Foundation, a website for buying and selling digital goods. In the…
Martin Scorsese Argues Streaming Algorithms Devalue Cinema into ‘Content’
In a new essay for Harper’s magazine, Martin Scorsese argues the art of cinema is being systematically devalued and demeaned by streaming services and their algorithms, “and reduced to its lowest common denominator, ‘content.'” “Content” became a business term for all moving images: a David Lean movie, a cat video, a Super Bowl commercial, a superhero sequel, a series episode. It…
Bill Gates Questions Societal Value of ‘GameStop’ Mania, Argues It’d Be ‘Good to Get Rid of’ Bitcoin
The price of bitcoin — now over $57,000 — has nearly doubled in the last 7 weeks. Even Elon Musk tweeted that its price seems high — though one analyst tells Bloomberg that Tesla has already made a profit of nearly $1 billion from its recent Bitcoin investment, more than it earned selling electric cars in all of 2020. Yet speaking…
Stadia Leadership Praised Development Studios For ‘Great Progress’ Just One Week Before Laying Them All Off
Developers at Google’s recently formed game studios were shocked February 1 when they were notified that the studios would be shut down, Kotaku reported Tuesday, citing four sources with knowledge of what transpired. From the report: Just the week prior, Google Stadia vice president and general manager Phil Harrison sent an email to staff lauding the “great progress” its studios had…
How Bill Gates Is Funding the Fight Against Climate Change
Bill Gates was interviewed tonight on the CBS News show 60 Minutes about his efforts to combat climate change: The good news is Gates believes it’s possible to prevent a catastrophic rise in temperatures. The bad news? He says in the next 30 years we need scientific breakthroughs, technological innovations and global cooperation on a scale the world has never seen….
Amazon is Using AI-Equipped Cameras in Delivery Vans
Amazon drivers at some U.S. facilities will soon have an extra set of eyes watching them when they hit the road to make their daily deliveries. From a report: The company recently began testing AI-equipped cameras in vehicles to monitor contracted delivery drivers while they’re on the job, with the aim of improving safety. Amazon has deployed the cameras in Amazon-branded…
GitLab Reshuffles Its Paid Subscription Plans, Drops Its Bronze/Starter Tier
An anonymous reader writes: GitLab, the increasingly popular DevOps platform, today announced a major update to its subscription model. The company is doing away with its $4/month Bronze/Starter package. Current users will be able to renew one more time at the existing price or move to a higher tier (and receive a significant discount for the first three years after they…
Bitcoin Surges 25% In One Week. Warren Buffett Still Won’t Buy It
Last Sunday we reported Bitcoin’s price had surged 50% in the previous month. In the week since it’s surged another 24.8%. As Bitcoin celebrates its 12th anniversary, a Forbes columnist writes that Bitcoin “soared to $34,000 yesterday — but here’s why Warren Buffett will never own Bitcoin.” Buffett has called Bitcoin, among other names, “rat poison squared” and has said he…
5G Auction Shatters Record as Bidding Tops $66 Billion
The Federal Communications Commission’s ongoing sale of wireless licenses has fetched more than $66.4 billion after three weeks of bidding, a record sum that could alter cellphone carriers’ prospects for the next decade. From a report: The auction proceeds have already topped the $44.9 billion raised in 2015 by an earlier sale of midrange cellular licenses, which U.S. cellphone carriers used…