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As Edge AI grows, AMD bullish on embedded microprocessor sector
newsbytes44d ago

As Edge AI grows, AMD bullish on embedded microprocessor sector

Edge AI deployments are rising due to promises of real-time responses, reduced network dependence, and — as physical AI that can interact with the real world is piloted — more opportunities for automation. The post As Edge AI grows, AMD bullish on embedded microprocessor sector appeared first on Newsbytes.PH .

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USDT On Ethereum Sees Largest Exchange Outflow Since February — Details
newsbtc44d ago

USDT On Ethereum Sees Largest Exchange Outflow Since February — Details

According to the latest on-chain data, the Ethereum-native iteration of USDT, the world’s largest stablecoin, has just witnessed its largest exchange outflow in recent months. 1.29 Billion USDT Flow Out Of Crypto Exchanges In a May 9th post on the X platform, blockchain analytics firm Santiment revealed that USDT on the Ethereum network recently recorded its largest flow out of exchanges in months. Around 1.29 billion stablecoins (the highest since February) were transferred out of exchanges on Friday, May 8th. This on-chain observation is based on the change in the Exchange Flow Balance indicator, which measures the net amount of tokens moving into and out of centralized exchange addresses. Related Reading: This 1 Chart Explains Why Bitcoin Is Winning And Ethereum Is Losing Right Now A spike in the Exchange Flow Balance metric indicates that more tokens (USDT, in this case) are flowing to centralized exchanges. On the other hand, when the indicator declines, it suggests that investors are withdrawing assets from these trading platforms. Santiment explained the significance of investors moving their USDT away from exchanges, noting that this would ordinarily mean they are withdrawing their buying power from trading platforms where they can use it for instant cryptocurrency purchases. On the surface, this reduction of buying power (or capital) on exchanges is a bearish signal for crypto markets. However, the analytics firm believes that the significant USDT outflows (of this reported magnitude) suggest that institutional investors are moving capital to self-custody wallets, DeFi protocols, or OTC (over-the-counter) desks ahead of larger planned transactions. Therefore, capital is believed to be flowing out of the ecosystem, not entirely, but being repositioned for even larger purposes. Santiment also highlighted the pattern often surrounding exchange outflow spikes of this magnitude. For instance, as observed in the chart below, the Bitcoin price witnessed a mini-pullback over the subsequent two weeks following the 3.72 billion USDT outflow on February 9. What’s more interesting is that this pullback birthed the buying opportunity that has seen the Bitcoin price jump by more than 30% in the past few months. Santiment concluded in the social media post: Whether this current capital re-enters exchanges as buying pressure in the near term is the key variable to monitor. If USDT begins flowing back onto exchanges in the coming days, it would signal that deployment into crypto assets is imminent. Crypto Market Capitalization As of this writing, the total cryptocurrency market capitalization stands at around $2.66 trillion, up nearly 4% over the past week. Related Reading: 14,600 Bitcoin Sold in Profit in One Day: Here Is How BTC’s Own Structure Broke It Below $80K Featured image from iStock, chart from TradingView

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Manning & Napier Advisors LLC Sells 4,728 Shares of EOG Resources, Inc. $EOG
watchlistnews44d ago

Manning & Napier Advisors LLC Sells 4,728 Shares of EOG Resources, Inc. $EOG

Manning & Napier Advisors LLC lessened its stake in shares of EOG Resources, Inc. (NYSE:EOG – Free Report) by 6.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,496 shares of the energy exploration company’s stock after selling 4,728 shares during the [...]

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Veeva Systems Inc. (NYSE:VEEV) Given Average Rating of “Moderate Buy” by Brokerages
tickerreport44d ago

Veeva Systems Inc. (NYSE:VEEV) Given Average Rating of “Moderate Buy” by Brokerages

Veeva Systems Inc. (NYSE:VEEV – Get Free Report) has received an average recommendation of “Moderate Buy” from the twenty-six research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, sixteen have assigned a buy recommendation and one has given [...]

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U.S. Department of War Releases Declassified UAP Videos video
cnet44d ago

U.S. Department of War Releases Declassified UAP Videos video

The Department of War (DOW) and the ODNI have begun a historic effort to review and release tens of millions of records regarding Unidentified Anomalous Phenomena (UAP). Watch the newly released videos of unidentified flying objects.

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Anthropic signs $1.8 billion AI cloud deal with Akamai, Bloomberg News reports
economictimes_indiatimes44d ago

Anthropic signs $1.8 billion AI cloud deal with Akamai, Bloomberg News reports

AI startup Anthropic has secured a significant computing deal worth $1.8 billion with Akamai Technologies. This partnership aims to meet the growing demand for Anthropic's AI software. Akamai's shares saw a substantial rise following the announcement. The company is well-positioned to access necessary components for AI development. This development follows Anthropic's recent computing deal with Elon Musk's SpaceX.

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Consumer Tech News (May 4- 8): Big Tech Gain On AI Momentum, Pentagon Awards $500M AI Contract & More
benzinga44d ago

Consumer Tech News (May 4- 8): Big Tech Gain On AI Momentum, Pentagon Awards $500M AI Contract & More

The Pentagon’s Chief Digital and Artificial Intelligence Office (CDAO) has awarded a major $500 million contract to Scale AI , a startup in which Meta Platforms (NASDAQ: META ) holds a minority stake , to support data analysis and AI-driven decision-making. The award marks a fivefold increase from the $100 million agreement signed in September. Eric Trump and Donald Trump Jr. have backed a $1 billion investment network targeting industries heavily promoted by President Donald Trump ‘s administration, including artificial intelligence, drones and cryptocurrency. The Donald Trump administration is reportedly inviting several tech and business leaders to accompany the President on his trip to Beijing next week. U.S.-based employers announced 83,387 job cuts in April, up 38% from March, according to a report released Thursday by Challenger, Gray & Christmas . U.S. authorities intensified scrutiny of AI chip supply chains after prosecutors alleged that a Thailand-linked network diverted Super Micro Computer, Inc . (NASDAQ: SMCI ) servers containing advanced NVIDIA Corp . (NASDAQ: NVDA ) chips to China, with Alibaba Group Holding Limited (NYSE: BABA ) identified as one of several alleged end customers. The European Union (EU) is reportedly considering implementing regulations that would limit its member governments' use of U.S. cloud providers for managing sensitive data . The White House and Pentagon are taking opposing positions on whether federal agencies should use Anthropic’s artificial intelligence system s, escalating a dispute over national security risks and government access to advanced AI tools. Earnings Snapshot Innodata Inc. (NASDAQ: INOD ) reported first-quarter results that topped Wall Street estimates and raised its full-year 2026 revenue outlook. Cloudflare Inc. (NYSE: NET ) reported a strong first-quarter revenue beat but simultaneously announced it will cut roughly 20% of its global workforce as the web infrastructure giant fundamentally restructures its operations around artificial intelligence (AI). Advanced Micro Devices Inc (NASDAQ: AMD ) posted first-quarter revenue of $10.25 billion, beating analyst estimates of $9.89 billion. The chipmaker reported adjusted earnings of $1.37 per share for the quarter, beating estimates of $1.29 per share, according to Benzinga Pro . Snap Inc. (NYSE: SNAP ) reported first-quarter results and disclosed that it had ended its relationship with AI search startup Perplexity AI. Datadog Inc. (NASDAQ: DDOG ) reported first-quarter results that topped Wall Street expectations, driven by rising demand for artificial intelligence-enabled cloud security products. IonQ Inc (NYSE: IONQ ) reported first-quarter revenue of $64.67 million, beating analyst estimates of $49.73 million. The quantum company posted a first-quarter adjusted loss of 34 cents per share, beating estimates for a loss of 35 cents per share, ... Full story available on Benzinga.com

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