On The Wire: Today's Top Stories In Finance & Tech

Your daily briefing of some of the most important stories from the crypto, finance, and tech space.

The daily news roundup from REX Wire

Welcome to your daily briefing, where we bring you stories from the forefront of finance, technology, and market analysis, sent directly to your inbox.

In today's roundup, China is offering start-ups help to bootstrap their AI projects, even as Elon Musk sues OpenAI. Luxury watchmakers are feeling the pinch, Tether has blown past the $100 billion mark, and someone is quietly accumulating vast amounts of BTC.


China Introduces AI "Vouchers" For Start-Ups Amid Tech Crunch

China counters US chip sanctions by offering computing vouchers worth $140,000-$280,000 to AI start-ups, mitigating the resource crunch caused by tech giants' dominance and fostering growth in the AI sector amidst international trade tensions.

China Introduces AI “Vouchers” For Start-Ups Amid Tech Crunch
China supports AI start-ups with computing vouchers amid US chip restrictions and tech giants’ resource monopoly.

Elon Musk Files Lawsuit Against OpenAI And Sam Altman

Elon Musk has sued OpenAI and CEO Sam Altman, alleging their Microsoft deal violates an agreement to develop and share AI advancements for the public good. The lawsuit focuses on whether GPT4 constitutes artificial general intelligence (AGI) and challenges OpenAI's shift towards profit-driven operations.

Elon Musk Files Lawsuit Against OpenAI And Sam Altman
Elon Musk sues OpenAI and Sam Altman, claiming a breach over AI development commitments and public access.

Luxury Watch Market Faces Downturn After Pandemic Peak

After a pandemic-driven surge, the luxury watch market sees a downturn, with second-hand prices falling for seven quarters. Major brands like Rolex and Omega face changing consumer priorities amid a broader luxury spending slowdown, impacting both new and resale markets.

Luxury Watch Market Faces Downturn After Pandemic Peak
The luxury watch market faces a downturn as second-hand prices drop, ending a pandemic-era boom.

Bitcoin Hits New All-Time High: 21 Key Milestones

Bitcoin passes $69,000 on ETF-fueled optimism. What are some of the price milestones it has seen over the past 15 years?

Bitcoin Hits New All-Time High: 21 Key Milestones
Bitcoin has a habit of setting new records. Here are 21 milestones from the last 15 years.

Who Is "Mr 100"?

A mystery whale has been loading up on bitcoins ever since the bottom of the bear market in November 2022, often buying the entire day's new supply.

Who Is “Mr 100”?
Someone has been buying vast amounts of bitcoin in 100 BTC tranches, and it’s not the ETFs.

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