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The Chinese company Bitmain Technologies, the largest manufacturer of ASIC-miners for bitcoins and other cryptocurrencies, considers the release of devices for the artificial intelligence industry as an alternative source of income, fearing further strengthening of control over the sphere of cryptocurrency in China, Bloomberg reports. The head of Bitmain, supplying the miners with the necessary equipment and chips, Cihan Wu does not exclude that, following the ban on ICO and the work of cryptocurrency exchanges, the Chinese authorities can seriously restrict the work of the mining companies. In his estimation, sales of chips for artificial intelligence in 5 years can make up to 40% of operating profit of Bitmain Technologies.
Apple, Google, Amazon, and Facebook’s chief executive officers faced Republican and Democratic U.S. lawmakers on Wednesday for the much-anticipated congressional hearing. The CEOs were questioned for alleged abuse of their market power ...
The euro steadied at four-month highs on the dollar after investors pinned hopes on the EU economic rescue fund as European leaders are expected to break a deadlock and agree on a deal. EU leaders had differing stands on the proposed 750 billion ...
Asian markets are poised to start with a firmer tone on Friday, disregarding an overnight decline in U.S. stocks. The decline was mainly from the United States’ move of debating new economic stimulus in a bid to salvage the virus-beaten ...
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