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Elon Musk buys 100 thousand chips for 40 thousand dollars! Here's why Elon Musk can't stop. This time, Musk is purchasing 100 thousand chips for his new artificial intelligence initiative xAI. Musk announced that he raised $6 billion in funding for xAI, which he founded last summer. So, what will this huge budget be used for? Let's examine this exciting news in detail. Elon Musk is buying 100 thousand Nvidia-branded chips for his artificial intelligence company xAI This $6 billion raised will be used to bring xAI company's first products to market, create advanced infrastructure, and accelerate research and development of future technologies. So far, xAI has introduced a chatbot called Grok, which it developed as a rival to OpenAI's #ChatGPT . Grok is currently only available to X Premium subscribers. This funding round included giant investors such as Andreessen Horowitz, Sequoia Capital, and Saudi Arabian Prince Al Waleed bin Talal. Last year, xAI announced it was seeking equity investment of up to $1 billion. However, a few months ago, The Financial Times reported that xAI was seeking $6 billion, and Musk denied the report at the time. Now we see that $6 billion has actually been collected. Developing artificial intelligence is not cheap. Nvidia's upcoming Blackwell B200 AI graphics cards range from $30,000 to $40,000 each. According to a report last week, xAI will require 100,000 of #Nvidia's existing H100 chips to power the upgraded version of its #Grok AI chatbot. #Musk told investors they plan to launch the new data center in the fall of 2025. The race for #AI chips, talent and technology has never been this competitive. Major technology giants such as Google, Apple, Amazon, Microsoft and Meta spend billions of dollars on artificial intelligence projects. Microsoft has formed a multibillion-dollar partnership with OpenAI. OpenAI CEO Sam Altman is seeking trillions of dollars to revamp the global chip industry. Musk, on the other hand, is suing OpenAI, claiming that it has deviated from its mission to benefit humanity. $XAI

Elon Musk buys 100 thousand chips for 40 thousand dollars! Here's why

Elon Musk can't stop. This time, Musk is purchasing 100 thousand chips for his new artificial intelligence initiative xAI. Musk announced that he raised $6 billion in funding for xAI, which he founded last summer. So, what will this huge budget be used for? Let's examine this exciting news in detail.

Elon Musk is buying 100 thousand Nvidia-branded chips for his artificial intelligence company xAI

This $6 billion raised will be used to bring xAI company's first products to market, create advanced infrastructure, and accelerate research and development of future technologies. So far, xAI has introduced a chatbot called Grok, which it developed as a rival to OpenAI's #ChatGPT . Grok is currently only available to X Premium subscribers.

This funding round included giant investors such as Andreessen Horowitz, Sequoia Capital, and Saudi Arabian Prince Al Waleed bin Talal. Last year, xAI announced it was seeking equity investment of up to $1 billion. However, a few months ago, The Financial Times reported that xAI was seeking $6 billion, and Musk denied the report at the time. Now we see that $6 billion has actually been collected.

Developing artificial intelligence is not cheap. Nvidia's upcoming Blackwell B200 AI graphics cards range from $30,000 to $40,000 each. According to a report last week, xAI will require 100,000 of #Nvidia's existing H100 chips to power the upgraded version of its #Grok AI chatbot. #Musk told investors they plan to launch the new data center in the fall of 2025.

The race for #AI chips, talent and technology has never been this competitive. Major technology giants such as Google, Apple, Amazon, Microsoft and Meta spend billions of dollars on artificial intelligence projects. Microsoft has formed a multibillion-dollar partnership with OpenAI. OpenAI CEO Sam Altman is seeking trillions of dollars to revamp the global chip industry. Musk, on the other hand, is suing OpenAI, claiming that it has deviated from its mission to benefit humanity.

$XAI

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Huawei is assertive: We caught up with Nvidia Continuing to develop chip technologies despite adverse conditions, Huawei managed to surpass Nvidia's artificial intelligence accelerator, which was released 4 years ago. Despite this, Chinese companies that developed chip technologies with limited resources due to embargoes managed to dominate the domestic market. So much so that even #Nvidia could not cope with the competition and had to discount the H20 chip. Huawei, which was about to be eliminated from the chip market for a while but returned to the game with the efforts of the Chinese government, has become an important alternative in the artificial intelligence market with different solutions. The company now thinks it has caught up with Nvidia. Wang Tao, chief of the firm's Ascend and Kunpeng department, claims that the Ascend 910B chip is 20 percent better than the #Nvidia A100 chip in training performance. In recent weeks, it was reported that the Nvidia H20 accelerator outperformed its sales performance. Of course, the understanding of nationalism and state support in the country has an important place. Internet giants such as Tencent and Baidu made significant purchases from #Huawei . This has resulted in a wide area of ​​adoption. Not only Huawei but also different local chip designers have achieved growth in this process. $BTC
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Franklin Templeton Turned His Eyes to Altcoins After Bitcoin and ETH ETF! It was shared that the American investment fund Franklin Templeton, whose value exceeds 1.5 trillion dollars, is preparing to apply for the registration of a new crypto asset product with the US Securities and Exchange Commission (#SEC ) in the coming period. Franklin Templeton, a company that has recently applied to the SEC for a spot Bitcoin and Ethereum ETF and received approval, seems to have turned its attention to altcoins as of now. The new spot exchange-traded fund will be different from the existing Bitcoin and Ethereum-based ETFs on the market. The product is expected to offer market participants the opportunity to invest in altcoins and have a staking function. Franklin Templeton's spot #Bitcoin ETF, EZBC, currently ranks ninth among BTC ETFs in terms of funds under management. The EZBC ETF has raised more than $435 million from institutional funds. Franklin Templeton is also among the companies whose Form 19b-4 filings for the #ETH #ETF have been approved by the regulator. Representatives of the company claim that the new altcoin product with staking function will attract even more investors and expect the SEC to approve the application in the near future. Previously, Franklin Templeton experts said that #Solana (SOL) could be among the top 3 crypto assets in terms of market value. $BTC $ETH $SOL
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EURO2024 excitement has begun: Related memecoins are on the rise! EURO2024, which will be held between June 14 and July 14, hosted by #Germany , brought a new breath to the memecoin market. EURO2024, held every four years, has excited cryptocurrency investors, especially football fans. The memecoin craze, which has been going on for a while, comes to the fore with EURO2024 themed tokens. The tokens issued for the teams that will take part in EURO 2024 and the players of these teams excited gem hunters with their increase in a short time. Although most of the tokens experienced rug pull, some names gained fame and gained momentum. A memecoin named Yuro 2024 (YURO), which was issued in reference to #EURO2024 , was traded at $0.001579 on June 5. The step by step approach to the tournament and the gradual growth of the YURO community increased the interest in memecoin. In addition, the memecoin trend was a driving force for parity. YURO, which tested $ 0.06592 as of June 8, increased by 317 percent in total and reached 4.17x in a short time. #YURO , which made a big difference to other EURO2024 themed memecoins in terms of market value, came to the fore with its activity on social media platforms. Most memecoins inspired by the tournament have not yet reached the 5 million market value. With its latest move, YURO saw a market value of $6.5 million. Nowadays, it is hovering around 5.4 million dollars. If the interest in the tournament increases and the memecoin trend continues, activity in YURO may continue.
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Crypto Hackers Have Taken Action, They Are Transferring Large Ethereum (ETH)! The moves of hackers in the cryptocurrency industry continue to remain on the agenda. Hackers, who cause losses to investors, projects or stock markets, attracted the attention of cryptocurrency investors this week. Ember, a successful on-chain data provider, detected that Orbit Chain hackers took action and made large #Ethereum (ETH) transfers. Here is the latest important information on the subject: “Six months after the assets were stolen, Orbit Chain hackers took action: Recently, hackers transferred 4,000 #ETH to a new address and then laundered these ETH through Tornado Cash. Orbit Chain was hacked on January 1, and $81.5 million worth of assets (stablecoins, WBTC, and ETH) were stolen at that time. The hackers then exchanged some of the stablecoins and WBTC for 17,250 ETH averaging $2,301. Apart from the initial transfers, in the last 10 hours Orbit Chain hackers laundered 12,932 ETH ($47.58 million) through Tornado Cash. "The hacker's address currently contains 13,821 ETH ($50.86 million) and 20 million DAI." In addition, hackers converted most of the stolen assets into Ethereum and ETH has increased significantly since the beginning of the year, causing the value of 26,750 ETH to increase significantly (an average of $ 37 million). $BTC $ETH
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🚨Important Developments: 🇹🇷 Turkey's unemployment rate will be announced on Monday, June 10 at 10:00. 🤖 Apple WWDC24 event will start on Monday, June 10 at 20:00. 📣 On Tuesday, June 11, Biconomy (#BICO) will make an announcement. 📣 Floki (#FLOKI ) will make a marketing announcement on Tuesday, June 11 at 22:00. 🇺🇲 US Consumer Price Index (CPI) will be announced on Wednesday, June 12 at 15:30. •Expectation: 3.4% •Previous: 3.4% 🇺🇲 The Fed interest rate decision will be announced on Wednesday, June 12 at 21:00. •Expectation: 5.50% •Previous: 5.50% 🇺🇸 Fed Chairman Jerome Powell will give a speech on Wednesday, June 12 at 21:30. 🤝🏻 On Thursday, June 13, Fetchai, SingularityNET and Ocean Protocol will merge under the name Artificial Superintelligence (#ASI ). 🇺🇸 US Unemployment Benefit Applications will be announced on Thursday, June 13 at 15:30. •Expected: 222K •Previous: 229K 🇺🇸 US Producer Price Index (PPI) will be announced on Thursday, June 13 at 15:30. •Expectation: 0.1% •Previous: 0.5% 💫 On Thursday, June 13th, zkSync Airdrop will be distributed. 💫 Cyber ​​(#CYBR ) staking will be launched on Friday, June 14th.
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