π‘ Musk's Power Play, Europe's Tech Quest, Crypto Breakthroughs
Good morning. Itβs Monday, December 02. Today we are covering:
Musk's Rivals Fear He Will Target Them With His New Power
Can Europe build its first trillion-dollar start-up?
US Bitcoin, Ether ETFs Log Record Inflows on Trump's Embrace of Crypto
Chinese automakers BYD, Leapmotor and Xiaomi smash annual delivery targets ahead of schedule
AWS opens physical outlets that let customers upload their data
Letβs dive in
Musk's Rivals Fear He Will Target Them With His New Power
By Keach Hagey via Wall Street Journal
Elon Musk and Sam Altman appeared to mend their relationship after Musk withdrew a lawsuit accusing Altman of betraying OpenAI's nonprofit mission, following a conciliatory conversation at a tech conference.
Musk's growing influence raises concerns among business rivals, who fear he might leverage his power against them.
The story delves into Musk's motivations and interactions, highlighting tensions within the tech industry.
π: Elon Musk has unprecedented power for a private citizenβand his rivals are feeling the heat. - Emily Glazer (@EmilyGlazer)
Can Europe build its first trillion-dollar start-up?
By Ian Hogarth via Financial Times
Europe has lagged behind the US in building trillion-dollar tech companies, despite innovations like DeepMind originating in London, with limited audacious capital and bureaucratic barriers cited as key challenges.
Supporting experienced founders and fostering bold, high-risk investments in transformative technologies like nuclear fusion and quantum computing could position Europe to create its first trillion-dollar start-up.
The article emphasizes the need for long-term independence and resisting early acquisitions to allow European start-ups to scale and compete globally, transforming the continent into a leader in tech-driven prosperity.
π: This article captures some of the risks and opportunities that Europe faces, many of which motivated the creation of @Cyber_Valley. We've made huge progress but now is the time to move faster. - Michael Black (@Michael_J_Black)
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US Bitcoin, Ether ETFs Log Record Inflows on Trump's Embrace of Crypto
By Sunil Jagtiani via Bloomberg
US Bitcoin and Ether ETFs recorded unprecedented inflows in November, with $6.5 billion for Bitcoin and $1.1 billion for Ether, following Donald Trump's pro-crypto stance after his election win.
The crypto market surged by over $1 trillion, with traders anticipating a friendlier regulatory environment under the incoming administration.
Friday saw record-high daily subscriptions for Ether ETFs, reflecting heightened investor enthusiasm for cryptocurrencies.
π: US #Bitcoin, #Ether #ETFs Log Record Inflows on #Trumpβs Embrace of #Crypto - Christophe Barraud (@C_Barraud)
Chinese automakers BYD, Leapmotor and Xiaomi smash annual delivery targets ahead of schedule
By Sonia Heng via CNBC
BYD, Leapmotor, and Xiaomi surpassed their annual delivery targets in November, reflecting robust demand and rapid growth in the Chinese electric vehicle market.
Companies like Zeekr, Xpeng, and Nio also reported record-breaking monthly deliveries, with Tesla responding to intensified competition by slashing Model Y prices.
The Chinese EV market continues to thrive amid fierce price wars, with manufacturers setting ambitious targets for the coming year.
π: βBYD, Leapmotor, and Xiaomi have raced past their annual delivery targets a month ahead of schedule, underscoring their rapid growth and strong market demand..amid intensifying price war in China, Tesla cut prices by 10,000 yuan for its Model Y thru 12/31β - Shehzad Qazi (@shehzadhqazi)
AWS opens physical outlets that let customers upload their data
By Kyle Wiggers via TechCrunch
AWS introduced Data Transfer Terminal locations in New York City and Los Angeles, allowing customers to securely upload data to the AWS cloud at speeds up to 400Gbps.
Customers can reserve time slots and ports through the AWS Management Console, with pricing starting at $300 per port hour for U.S.-based transfers and $500 per port hour for transfers to the EU.
The terminals feature high-security measures, including discreet locations, and are equipped with fiber optic cables and monitoring PCs for efficient data transfers.
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