News Explorer — Tesla’s Promised Supercomputers and Its AI Focus Prompts Stock Upgrade by Morgan Stanley Analyst

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Tesla’s Promised Supercomputers and Its AI Focus Prompts Stock Upgrade by Morgan Stanley Analyst

Morgan Stanley analyst Adam Jonas has upgraded Tesla’s stock to overweight, citing the potential benefits of artificial intelligence (AI) on the company’s growth. Jonas believes that Tesla’s custom supercomputing system, Dojo, which is used for training self-driving cars, could add $500 billion to the company’s value by accelerating the adoption of its mobility robotaxi and network services. With increased computing power and faster processing speeds, Tesla’s path to monetizing vehicle software can materialize sooner, according to the analyst.

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Sep 11, 2:26 pm

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Bitfinex and Tether CTO Paolo Ardoino to Testify in Market Manipulation Lawsuit

Bitfinex and Tether’s CTO, Paolo Ardoino, will be deposed this week as part of a class-action lawsuit against the firms…. Read Summary

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Sep 11, 2:06 pm

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Bitcoin Drops to 3-Month Low While Ethereum Takes Harder Hit

Bitcoin has experienced a 3% drop in the past 24 hours, reaching its lowest level in three months. This decline has had… Read Summary

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Sep 11, 1:46 pm

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Tesla’s Promised Supercomputers and Its AI Focus Prompts Stock Upgrade by Morgan Stanley Analyst

Morgan Stanley analyst Adam Jonas has upgraded Tesla’s stock to overweight, citing the potential benefits of artificial… Read Summary

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Sep 11, 11:53 am

Reuters

US CFTC Official Proposes Federal Registry of Financial Fraud Convictions

A top U.S. regulator, Christy Goldsmith Romero, is proposing the creation of a federal registry to make it easier for in… Read Summary

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Sep 11, 9:51 am

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ApeCoin Plunges to New Low, Down 42% Over Last Month

ApeCoin, the token linked to the Bored Ape Yacht Club NFT collection, has reached a new all-time low, trading at 1.16. O… Read Summary

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Sep 11, 9:32 am

Protos

Scammers from the UK Busted in Thailand for Stealing $2.7 Million From Over 3,000 Victims

Five foreign nationals have been arrested in Thailand for their involvement in a crypto scam that stole 76 million baht… Read Summary

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Sep 11, 9:06 am

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FTX’s $3.4 Billion Crypto Portfolio Includes Solana, Bitcoin and Ethereum

A court filing revealed that failed crypto exchange FTX owns $1.16 billion worth of Solana SOL tokens, making up over on… Read Summary

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Sep 11, 3:52 am

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Ex-Algorand Boss Steve Kokinos Tapped as CEO for Firm Buying Celsius

According to court filings, Steve Kokinos, the former CEO of Algorand, has been proposed as the CEO for Fahrenheit Holdi… Read Summary

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Sep 11, 3:42 am

DL News

FinCEN Urges Financial Institutions to Report Suspicious Activity Tied to Crypto ‘Pig Butchering’ Scams

The Financial Crimes Enforcement Network (FinCEN) has issued an alert urging financial institutions to report suspicious… Read Summary

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Sep 11, 3:18 am

Coindesk

Decentralized Exchange Sushi Expands to Aptos Blockchain

Sushi, a popular decentralized exchange (DEX), has expanded its services to the layer-1 blockchain Aptos. This marks the… Read Summary

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Sep 11, 1:53 am

Coindesk

Animoca Brands Raises $20 Million for ‘Mocaverse’ Metaverse Project

Animoca Brands has raised $20 million from a group of prominent Web3 investors, including CMCC Global, Kingsway Capital,… Read Summary

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Sep 10, 3:42 pm

Decrypt

Hacker Steals Over $690,000 After Hijacking Vitalik Buterin’s Twitter Account

Ethereum creator Vitalik Buterin has been hacked on Twitter, resulting in the theft of 691,000 from users who clicked on… Read Summary

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Sep 10, 3:18 pm

Decrypt

Shaq Got Nearly $750,000 From FTX Amid Millions In Celebrity Deals

Court documents reveal that FTX, the failed cryptocurrency exchange, paid out hundreds of thousands of dollars to celebr… Read Summary

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Sep 10, 11:09 am

Cointelegraph

FTX Sues LayerZero Labs to Recover $21 Million

FTX, the bankrupt crypto exchange, has filed a lawsuit against LayerZero Labs, seeking to recover $21 million in alleged… Read Summary

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