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Tag: billion

AI is no joke when it causes 0 billion in market losses

AI is no joke when it causes $500 billion in market losses

by AoCEgWtx4o
May 24, 2023
0

xConfident that this picture claiming to show an "explosion near the pentagon" is AI generated. Check out the frontage of the building, and the way the fence melds into the crowd barriers. There's also no other images, videos or people posting as first hand witnesses. pic.twitter.com/t1YKQabuNL— Nick Waters (@N_Waters89) May 22, 2023 Though the market recovered almost as quickly as it shed those billions on Tuesday morning, it’s unclear how much effect the fake images—and the mostly fake accounts that spread them—had on the overall market results for the day. It’s also unclear just...

Meta fined a record .3 billion over EU user data transfers to the U.S.

Meta fined a record $1.3 billion over EU user data transfers to the U.S.

by AoCEgWtx4o
May 22, 2023
0

Visitors take photos in front of the Meta sign at its headquarters in Menlo Park, California, December 29, 2022.Tayfun Coskun | Anadolu Agency | Getty ImagesMeta has been fined a record 1.2 billion euro ($1.3 billion) by European privacy regulators over the transfer of EU user data to the U.S.The decision links back to a case brought by Austrian privacy campaigner Max Schrems who argued that the framework for transferring EU citizen data to America did not protect Europeans from U.S. surveillance.Several mechanisms to legally transfer personal data between the U.S. and the EU...

Vision Fund posts billion loss

Vision Fund posts $32 billion loss

by AoCEgWtx4o
May 11, 2023
0

SoftBank has faced headwinds in its Vision Fund investment division due to a fall in technology company valuations amid rising interest rates.Kiyoshi Ota | Bloomberg | Getty ImagesSoftBank recorded a record loss for its Vision Fund as a recent rally in tech stocks has done little to help another difficult year for its flagship investment unit.The Japanese giant's Vision Fund segment posted a 4.3 trillion Japanese yen ($32 billion) loss for its fiscal year ending Mar. 31 versus a 2.55 trillion yen loss in the same period a year before.SoftBank posted an overall loss...

SpaceX’s Starship costing about billion this year

SpaceX’s Starship costing about $2 billion this year

by AoCEgWtx4o
April 30, 2023
0

The SpaceX Starship lifts off from the launchpad during a flight test from Starbase in Boca Chica, Texas, on April 20, 2023. Patrick T. Fallon | Afp | Getty ImagesElon Musk expects SpaceX to spend about $2 billion on its Starship rocket development this year, as the company pushes to build on its first launch earlier this month."My expectation for the next flight would be to reach orbit," Musk said, speaking during a discussion on Twitter Spaces on Saturday.While SpaceX does secondary rounds about twice a year, to give employees and other company shareholders a...

Biden Sending Another Billion of Your Money to Other Countries – This Time to Fight Climate Change

Biden Sending Another $1 Billion of Your Money to Other Countries – This Time to Fight Climate Change

by AoCEgWtx4o
April 23, 2023
0

It seems like the rest of the world is getting an awful lot of our money these days. Tax Day came and went earlier this week and we hope you paid up. Other nations are literally banking on it. President Biden on Thursday pledged $1 billion in taxpayer money to the United Nations’ Green Climate Fund. That brings the total contribution from the United States to that particular fund to $2 billion. “In 2021, President Biden pledged to work with Congress to quadruple U.S. climate support for developing countries to more than $11 billion...

Anheuser-Busch Suffers Astounding $3 Billion Loss, While Bud Light’s New Brand Ambassador, Dylan Mulvaney Whines and Blames Consumers: “They don’t understand me” [VIDEO] | The Gateway Pundit

Anheuser-Busch Suffers Astounding $3 Billion Loss, While Bud Light’s New Brand Ambassador, Dylan Mulvaney Whines and Blames Consumers: “They don’t understand me” [VIDEO] | The Gateway Pundit

by AoCEgWtx4o
April 12, 2023
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Dylan Mulvaney, Bud Light’s new controversial brand ambassador, appeared on Rosie O’Donnell’s podcast Onward with Rosie O’Donnell, where they discussed the severe backlash he’s been getting lately. Mulvaney insisted that people are criticizing him because, as a newly trans person, he is “an easy target,” and they “don’t understand” him. 100 Percent Fed Up reports – Mulvaney has angered a lot of people while documenting his “365 Days of Girlhood,” during which he has constantly made a caricature out of women while acting like a hyper teenage girl. Day 1 of “Things I Never...

Bitcoin is poised to blow up Africa’s billion banking system

Bitcoin is poised to blow up Africa’s $86 billion banking system

by AoCEgWtx4o
March 26, 2023
0

ACCRA, GHANA — Block CEO Jack Dorsey and his top brass descended on Accra for the inaugural Africa Bitcoin Conference in December to talk about one of the most potentially disruptive and transformative alternatives to the continent's existing financial system: bitcoin.Since its inception in 2008, this unfamiliar form of money has alternatively been disdained as an absurdly complex toy for libertarian techies, a legalized form of gambling, a speculative bet to get rich quick, and a vehicle for criminals and fraudsters to obscure the origins of their ill-begotten gains. But this parallel financial system can...

The crypto exchange this 26-year-old launched in 2019 has done .75 billion in transactions

The crypto exchange this 26-year-old launched in 2019 has done $1.75 billion in transactions

by AoCEgWtx4o
March 26, 2023
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ACCRA, GHANA – On the afternoon of Dec. 26, 2022, Chris Maurice finally capitulated and went to the emergency room at Hospital Clinic de Barcelona, just west of the city's gothic quarter. For roughly 10 months, the 26-year-old CEO of the largest centralized crypto exchange in Africa had ignored many of the symptoms consistent with malaria as he bounced between 21 different countries on the continent, advising heads of state on bitcoin adoption and setting up institutional accounts for his business, Yellow Card.By the time Maurice was admitted to the intensive care unit, plasmodium...

Saudi National Bank loses over billion on Credit Suisse investment

Saudi National Bank loses over $1 billion on Credit Suisse investment

by AoCEgWtx4o
March 20, 2023
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Signage for Credit Suisse Group AG outside a building, which houses the company's branch, in Tokyo, Japan, on Monday, March 20, 2023. UBS Group AG agreed to buy Credit Suisse Group in a historic, government-brokered deal aimed at containing a crisis of confidence that had started to spread across global financial markets.Kosuke Okahara | Bloomberg | Getty ImagesSaudi National Bank is nursing major losses in the wake of Credit Suisse's failure after a deal was reached for UBS to buy the embattled Swiss lender for $3.2 billion.Saudi National Bank — Credit Suisse's largest shareholder...

Stablecoin USDC breaks dollar peg after firm reveals it has .3 billion in SVB exposure

Stablecoin USDC breaks dollar peg after firm reveals it has $3.3 billion in SVB exposure

by AoCEgWtx4o
March 12, 2023
0

The U.S. cryptocurrency firm Circle's USD Coin lost its dollar peg and fell to a record low Saturday morning after the company revealed it has nearly 8% of its $40 billion in reserves tied up at the collapsed lender Silicon Valley Bank.USDC is known as a stablecoin, which means the value of the virtual currency is supposed to be pegged to a reference currency. USDC is designed to trade at $1, but it fell below 87 cents on Saturday, according to data from CoinDesk.Regulators shuttered SVB Friday and seized its deposits in what has become the...