The most recent company to jump on the crypto craze is KODAK. The camera company announced yesterday that they would be launching a cryptocurrency and platform that uses blockchain technology. KODAKCoin and KODAKOne sent the stock soaring but left investors wondering, is the investment worth the risk?
Thomas Smith is a professor at Emory University. Smith says the current crypto craziness is reminiscent of the dot-com bubble. While the Internet remained, many of the original companies faltered and failed. Smith feels crypto could potentially face a similar fate.
That being said, Smith notes how positive this crypto decision was for Kodak. A positive for Kodak's rollout has been the name recognition of the photo company.
Smith says that one of the buy-ins that could majorly help KODAK is their mining technology. One of the major expenses in mining cryto currencies is the electricity costs and Smith explains that Kodak seems to have that covered.
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
Online broker Robinhood Markets will join the S&P 500 index Online broker Robinhood Markets will join the S&P 500 index as its stock rides higher on a cryptocurrency wave.
Ali Kashani, CEO of Serve Robotics, dives into their $63.3M acquisition of Vayu Robotics and how it's accelerating the future of autonomous delivery systems.
Chipmaker Nvidia is poised to release a quarterly report that could provide a better sense of whether the stock market has been riding an overhyped artificial intelligence bubble or is being propelled by a technological boom that’s still gathering momentum.
A group of book authors has reached a settlement with AI company Anthropic after suing for copyright infringement. A federal appeals court filing Tuesday said both sides have negotiated a proposed class settlement, with terms to be finalized next week. Anthropic declined to comment. A lawyer for the authors called it a "historic settlement." In June, a federal judge ruled that Anthropic didn't break the law by training its chatbot on copyrighted books. However, the company was still facing trial over acquiring those books from online "shadow libraries" of pirated copies.
