TL;DR

• Microsoft identifies OpenAI as both a ‘strategic partner’ and a ‘competitor’ in an SEC filing.

• Abu Dhabi launches a blockchain center aimed at fostering blockchain innovation.

• Nvidia postpones its next-gen AI chip amid investor concerns over a potential ‘bubble’.

• Fantom has rebranded to Sonic Labs, shifting focus to a new high-speed blockchain.

• The U.S. added only 114K jobs in July, causing the unemployment rate to spike to 4.3%.

Demex

Join the Biggest Cosmos Trading Competition on Demex

Grab Your 7 Day Free Trial

You're invited to upgrade your subscription to our Premium membership with a 7 day FREE trial!

No catches. No strings attached. Just pure crypto alpha to get you ahead!
Upgrade now for:

Ad-Free Experience 🚫👀
Weekly News Summary 📰🔥
Weekly Market Summary 💸📈
Weekly Airdrop Summary 🎁💎

All for just $15/month after the trial.
Don't miss out! Get your FREE trial today 👇

Alpha of the Day

The Frenemies of Tech: Microsoft and OpenAI

In a plot twist worthy of a tech soap opera, Microsoft has declared OpenAI as both a "strategic partner" and a "competitor" in an SEC filing. It’s like that awkward moment when you realize your gym buddy is also eyeing your dream job. Microsoft is playing it cool, leveraging OpenAI’s AI expertise while also keeping a wary eye on them, just in case they decide to steal the spotlight. This relationship is a bit like having your cake and eating it too, but with a side of suspicion. It's all fun and games until someone builds a better chatbot.

Abu Dhabi’s Blockchain Bonanza

Abu Dhabi is rolling out the red carpet for blockchain enthusiasts with the launch of its new blockchain center aimed at fostering innovation. Picture a high-tech playground where blockchain geeks can tinker and invent to their heart's content. This center is Abu Dhabi’s way of saying, “Hey, crypto nerds, we’ve got your back.” It’s a bold move that promises to turn the city into a beacon of blockchain brilliance. Get ready for a blockchain revolution in the desert, where innovation meets palm trees and camels.

Newsletter Bitcoin

Receive weekly Bitcoin summaries with news, insights and analysis on all things Bitcoin, all for free.

Nvidia’s Chip Delay: Bubble Trouble

Nvidia has hit the pause button on its next-gen AI chip, much to the chagrin of tech enthusiasts everywhere. The reason? Investors are waving red flags about a potential ‘bubble’ in the AI market. It's like your friend telling you to hold off on buying the latest smartphone because it might be overpriced. Nvidia’s decision to delay is a cautious step, ensuring they don’t pour gasoline on an already blazing market frenzy. So, for now, techies will have to keep their excitement in check and wait a bit longer for that shiny new chip.

Creator Spotlight

Behind-the-scenes stories from across the creator economy.

Fantom’s Sonic Makeover

Say goodbye to Fantom and hello to Sonic Labs! The blockchain platform has undergone a rebrand, shifting its focus to a new high-speed blockchain. It's like your favorite band changing its name and dropping a new album with a completely different sound. Sonic Labs is promising faster transactions and cooler vibes, aiming to leave its old identity in the dust. The rebrand is a fresh start, injecting a dose of adrenaline into the blockchain world. Buckle up, because Sonic Labs is about to take the blockchain scene by storm.

The U.S. Job Market: A July Jumble

The U.S. job market threw a curveball in July, adding a mere 114K jobs and pushing the unemployment rate up to 4.3%. It’s like expecting a big birthday bash and only getting a small gathering. This job report has everyone scratching their heads and wondering what’s next. Economists are in a frenzy, trying to make sense of the numbers while the rest of us just hope for better news next month. It’s a reminder that the economy, much like a reality TV show, is full of unexpected twists and turns.

Big Desk Energy

Startup insights, stories, and vibes sent to your inbox every Tuesday.

Follow us on X

Check out the Podcast

Listen to crypto founders and our weekly roundup on your favourite podcast platform