🍜 Amazon’s $2 trillion milestone...

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The Noodle Network Tech and AI: Seasoned with a Dash of Humor

Tech Tidbits: AI Licensing Trade Group, Amazon’s $2 Trillion Milestone, Ether ETF Approval, Abra’s Settlement, CHIPS Act Grant, Israel’s Supercomputer, Croatian Self-Driving Taxis, Hollywood’s AI Deal, and CData’s Funding Windfall

June 27, 2024

This week’s tech news brings a mix of new trade groups, valuation milestones, regulatory approvals, settlements, grants, supercomputers, self-driving taxis, union deals, and major funding rounds. From AI licensing companies forming a trade group and Amazon hitting $2 trillion to ether ETFs potentially launching by July 4, Abra’s settlement, a CHIPS Act grant, Israel’s supercomputer plans, Croatian self-driving taxis, Hollywood’s AI deal, and CData’s funding, here’s a humorous take on these tech tales.

AI Licensing Trade Group: The Avengers of Data

AI dataset licensing companies have formed a trade group, uniting like the Avengers but with more spreadsheets. It’s like a superhero team-up, but instead of saving the world, they’re ensuring ethical and legal AI data use. This group aims to set standards and protect intellectual property in the rapidly growing AI industry. Who knew data licensing could be so heroic?

Amazon’s $2 Trillion Milestone: AI Fervor Pays Off

Amazon has hit $2 trillion in valuation, fueled by the fervor over AI. It’s like Jeff Bezos just found the golden ticket in the tech chocolate factory. This milestone highlights the immense value investors see in AI technologies, with Amazon leading the charge. Bezos might not be going to space again soon, but his company’s valuation is definitely over the moon.

Ether ETF Approval: Fireworks by July 4

US regulators could approve spot ether ETFs for launch by July 4, just in time for some crypto fireworks. It’s like planning a spectacular display and hoping the regulators don’t cancel the show. If approved, these ETFs could open up new investment opportunities in the cryptocurrency market. Get your sparklers ready; the crypto celebration might be just around the corner.

Abra’s Settlement: Crypto Firm Cleans House

Crypto firm Abra has reached a settlement with US states for operating without licenses. It’s like getting caught without a ticket at a concert and having to pay up to stay in the game. The settlement clears the way for Abra to operate legally, but it’s a reminder to all crypto firms: follow the rules, or face the music.

CHIPS Act Grant: Entegris’ Golden Ticket

President Biden has awarded up to $75 million in a CHIPS Act grant to Entegris, handing out golden tickets to boost US semiconductor manufacturing. It’s like winning the tech lottery, with Entegris poised to enhance its production capabilities. This grant is part of a broader effort to strengthen the US supply chain and keep those chips coming.

Israel’s Supercomputer: Keeping Pace in AI Race

Israel plans to build a supercomputer to keep pace in the global AI race. It’s like entering a high-speed car race with a brand-new, souped-up vehicle. This supercomputer will help Israel stay competitive in AI research and development, ensuring they’re not left in the digital dust. Ready, set, compute!

Croatian Self-Driving Taxis: Verne Hits Zagreb

Croatian startup Verne is readying its self-driving taxi for a Zagreb launch. It’s like watching a sci-fi movie come to life in the streets of Croatia. These autonomous vehicles promise to revolutionize urban transportation, offering a glimpse into the future of mobility. Who needs a driver when you’ve got Verne?

Hollywood’s AI Deal: Union and Studios Strike Agreement

Hollywood workers’ union has reached a pay and AI-use deal with top studios. It’s like negotiating a blockbuster contract, ensuring that both sides get their fair share. This deal addresses the growing role of AI in the industry, setting guidelines to protect workers while embracing new technologies. Roll credits on a successful negotiation.

CData’s Funding Windfall: $350 Million Boost

CData Software has raised $350 million in funding led by Warburg Pincus, hitting the jackpot in the tech funding casino. It’s like winning big on the tech slot machine, with CData set to expand its data integration solutions. This funding will help the company grow and innovate, ensuring they stay ahead in the competitive tech landscape.

In the tech world, every week brings new alliances, milestones, regulatory moves, settlements, grants, technological advancements, industry deals, and funding successes. From AI licensing groups and Amazon’s valuation milestone to ether ETF approvals, Abra’s settlement, CHIPS Act grants, supercomputers, self-driving taxis, Hollywood’s AI deal, and major funding rounds, the industry never fails to entertain. And sometimes, a bit of humor is just what we need to navigate these twists and turns. 🍜💾🤖