Morning Bytes 2024/11/15

2024-11-15

Good morning rebels, Happy Friday! Here comes your daily dose of digital dynamics! 🌊

Investing

• Trump's anticipated presidency is expected to favor less regulation for the AI industry, prioritizing speed over safety in tech development. link
• In the current market debate, crypto's appeal contrasts with Warren Buffett's traditional investment philosophy. link
• Elon Musk's Dogecoin (DOGE) may have beneficial use cases, despite its meme status. link
• China is increasing domestic consumption through stimulus while preparing for potential tariffs from the US. link
• The UK faces challenges as the Chancellor seeks financial support amid economic fluctuations. link

Big Tech

• Meta to appeal orders allowing states to sue over addiction, impacting accountability in tech. link
• Samsung announces a surprise $7 billion buyback amid ongoing AI-related market fears. link
• AI productivity advancements in the UK projected to be a decade away due to various economic factors. link
• Musk’s X sues California to block a deepfake deception act, highlighting tension between regulation and innovation. link
• The AI industry anticipates regulatory rollbacks under Trump's expected second term, hoping for fewer restrictions. link

Crypto

• Stablecoin startup BVNK is seeking funding following a major deal with Stripe. link
• VanEck's executive predicts that institutional investment could drive Bitcoin's price to $180,000 within a year. link
• A bill in Pennsylvania aims to allocate $7 billion from state funds for Bitcoin Strategic Reserve purchases. link
• Bitcoin ETF holders are taking profits after a streak of gains, with a notable $400 million outflow. link
• Tether has launched a tokenization platform named Hadro