Many entrepreneurs are capitalizing on the growing Marijuana market. GreenWave Advisors Founder and Managing Partner Matt Karnes explains the opportunity he sees in this space.
Last week, shares of Marijuana stocks dropped after Attorney General Sessions released a memo cracking down on federal regulation for the industry. "A pullback is actually welcomed. It's really hard to assess the valuations of these publicly traded companies because they don't trade on fundamentals. They just trade on use flow and data," says Karnes. "I would focus my efforts on privately held companies."
Last week, recreational marijuana became legal in California. "It accounts for about 40 percent of the retail market," says Karnes. GreenWave Advisors predicts the recreational marijuana industry in California to generate $5.2 billion in 2018.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
Microsoft says users of its Azure cloud portal may be not be able to access Office 365, Minecraft or other services due to issues with its global content delivery network services. The tech company posted a note to its Azure status page that its teams are currently deploying a fix to address the outage.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
A new poll finds that as the United States rapidly builds massive data centers for the development of artificial intelligence, many Americans are concerned about the environmental impact.
Brain.fm merges music and neuroscience to enhance focus, creativity, and mental health—Dr. Kevin Woods reveals how sound is transforming cognitive performance.
