Ripple’s XRP price has been on a strong rally, reaching a five-year high and sparking predictions that it may hit double figures before the current bull cycle ends. The project’s expanding market share and solid technical indicators suggest price appreciation. Meanwhile, Rexas Finance is another excellent investment opportunity for its unique real-world asset management approach….
finance on The Soothsayer / page 11
Intel’s CEO Pat Gelsinger has been forced out, marking a significant shift in the company’s leadership. Gelsinger’s departure comes as Intel struggles to regain its footing in the chipmaking industry, with a market value more than 30 times smaller than rival Nvidia. The company’s financial woes have been piling up, with a $16.6 billion loss…
The tech industry has been hit with a wave of layoffs in 2024, with over 130,000 job cuts across 457 companies. Major players like Tesla, Amazon, Google, and Microsoft have all conducted significant layoffs, while smaller startups have also been impacted. The layoffs are a result of a combination of factors, including economic uncertainty, increased…
A looming patent cliff threatens to disrupt the pharmaceutical industry, with over $200 billion in annual revenue at risk through 2030. However, this presents a significant opportunity for biosimilar developers to capitalize on the transition to more affordable treatments. Several companies, including Alvotech, Biocon Biologics, Celltrion, Formycon, and Samsung Bioepis, are already making strides in…
Muslim and immigrant-owned businesses are facing a growing threat of financial exclusion due to the practice of “de-risking” by financial institutions. This has resulted in the closure of bank accounts and restrictions on transactions, making it difficult for these businesses to access essential banking services. The issue is particularly acute for charities and organizations working…
ChatGPT, the AI chatbot developed by OpenAI, has taken the world by storm since its launch in November 2022. The chatbot has become an essential tool for many Fortune 500 companies, and its latest partnership with Apple has given the company a significant boost in the AI race. However, OpenAI is facing internal drama, including…
A recent survey of academics worldwide has revealed a significant gap in computing power between researchers in universities and those in large technology companies. This disparity hinders the development of large language models and other AI research, with many academics lacking access to powerful graphics processing units (GPUs). The study suggests that academics could make…
Five Canadian news media companies have filed a lawsuit against OpenAI, accusing the artificial intelligence company of regularly breaching copyright and online terms of use. The companies claim that OpenAI scraped large swaths of content without permission or compensation, using it to develop its products. OpenAI has responded, stating that its models were trained on…
ChatGPT, the AI chatbot developed by OpenAI, has taken the world by storm since its launch in November 2022. The chatbot has evolved from a tool to hyper-charge productivity to a behemoth used by over 92% of Fortune 500 companies. OpenAI’s latest partnership with Apple for its upcoming generative AI offering, Apple Intelligence, has further…
Rexas Finance, a blockchain-based platform, is gaining popularity as the “next Solana” due to its innovative ecosystem and potential for significant profits. The platform allows for real-world asset tokenization, making it easier for users to create, manage, and trade asset-backed tokens. With a strong developer ecosystem, low transaction costs, and scalability, Rexas Finance is poised…