The world has seen a staggering 95% increase in the population of crypto millionaires over the past year, with individuals holding more than $1 million in crypto assets soaring to 172,300 from 88,200. The number of pure bitcoin millionaires has more than doubled, reaching 85,400. This significant growth has also led to the emergence of
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The recent data breach at National Public Data, a background check company owned by Jerico Pictures Inc., has raised concerns about the exposure of personal information. While the company released details of the breach after facing a proposed class action lawsuit alleging the exposure of 2.9 billion personal records, conflicting reports suggest that the leaked
Luxury king Bernard Arnault, the founder and CEO of LVMH, has been making waves in the tech world with his recent investments in artificial intelligence (AI) companies. With a net worth of $184 billion, Arnault has been leveraging his tech-focused venture firm and family office, Aglaé Ventures, to make significant AI-related investments over the past
Starbucks, a global coffee giant, has been facing operational challenges that are impacting its sales and customer experience. With the incoming CEO Brian Niccol taking over, the focus on addressing these issues is crucial for the turnaround of the company. From mobile ordering complexities to long wait times, there are several factors contributing to the
The recent development of a temporary injunction blocking media giants Disney, Warner Bros. Discovery, and Fox from launching their sports streaming service, Venu, has brought ample attention to the competitive dynamics within the industry. The lawsuit filed by Fubo TV, an internet TV bundle provider challenging Venu’s anticompetitive nature, led to the halt of the
David Zaslav, the Chief Executive Officer of Warner Bros. Discovery, finds himself in a precarious position. Since the merger of Discovery with WarnerMedia in 2022, Zaslav has faced challenges in convincing shareholders of the company’s financial worth. The shares of Warner Bros. Discovery have plummeted by approximately 70% since the completion of the merger, indicating
JPMorgan Chase has recently implemented a generative artificial intelligence assistant, known as the LLM Suite, for over 60,000 of its employees. This move signifies a significant shift towards integrating AI technology throughout the financial institution, with expectations for it to become as commonplace as videoconferencing tools like Zoom. By leveraging external large language models, JPMorgan
Siemens, the German industrial technology giant, has recently reported a strong quarterly operating profit. The industrial profit reached 3 billion euros in the quarter ending in June, marking an 11% increase compared to the same period last year. This exceeded analyst expectations, showcasing the company’s resilience and ability to navigate challenging market conditions. Despite the
In a recent statement, Sony’s chief financial officer, Hiroki Totoki, announced that the company will not be pursuing a bid for film and TV production group Paramount Global. This decision comes amid reports that Sony has no intentions of submitting a revised offer for Paramount in the future. Totoki emphasized that acquiring Paramount does not
In a groundbreaking move, Morgan Stanley has announced that it will allow its financial advisors to offer bitcoin ETFs to eligible clients, making it the first major Wall Street bank to do so. This decision marks a significant milestone in the mainstream adoption of bitcoin by the finance industry, signaling a shift towards embracing digital