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Despite only debuting 15 years ago, Bitcoin (BTC) has successfully competed with the biggest names in the technology industry. GPU maker Nvidia was the only tech heavyweight to outclass BTC over the past 10 years. Nvidia's stock NVDA has returned a cumulative 17,797%, against Bitcoin's 12,464%. Semiconductor producer Advanced Micro Devices (AMD) followed in third with a 3,335% price increase. A 1,200% increase in the stock price of Elon Musk's Tesla (TSLA) placed the company fourth, and Jeff Bezos' Amazon completed the top five with a 1,063% gain. Other Silicon Valley players observed included Netflix (NFLX), Apple (APPL), Meta (META), and Google (GOOG). #CryptoWatchMay2024
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Apple chief Tim Cook has been paid an annual salary of just $3 million since 2016. However, the CEO of the second-most valuable US company also gets stock awards and a performance-based bonus, which boosts his overall earnings. Cook's total compensation amounted to $63.2 million last year, down from $99.4 million in 2022. His pay packet was made up of $46.9 million in stock awards and $10.7 million in non-equity incentive plan compensation. On top of that, he received $2.5 million in other compensation, which includes his security expenses and business and personal travel on a private jet. #CryptoWatchMay2024
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Arati Prabhakar, Biden's chief science and technology advisor who's also the director of the White House Office of Science and Technology Policy, told Wired she and Biden put the bot up to a few tasks. She said they asked it to write a legal brief for a Supreme Court case, write a song in the style of Springsteen, and generate an image of Biden's dog, Commander, in the Oval Office. "He was like, 'Wow, I can't believe it could do that," Prabhakar said of Biden. But his first encounter with generative Al also sparked concern. Prabhakar told Wired that Biden later asked the team to address the potential risks of Al, which led to the sweeping executive order he signed in October. #CryptoWatchMay2024
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The insurer of Baltimore's Francis Scott Key Bridge is gearing up to issue a $350 million payout to the state of Maryland. Chubb's payment would be the first related to March's disaster. The Lloyd's of London insurance syndicate previously warned that the bridge's collapse could trigger the "largest single maritime insurance loss ever," with Barclays analysts estimating that the damage caused could lead claims worth up to $3 billion. #CryptoWatchMay2024
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