Crypto-focused media outlet CoinDesk has laid off 45% of its editorial staff, or 20 people, as it nears a sale, The Block reported on Monday. “This was a required step to ensure a financially sound business moving forward and to set us on the path to close the deal,” CoinDesk CEO Kevin Worth said in an email to staff, according to the report. A CoinDesk spokesperson did not immediately...
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Google’s Standoff with AI Chip 'Shark' Broadcom
Jim Cramer, CNBC’s “Mad Money” host, took a swipe at our report today that Google has set an internal goal to break from Broadcom, its supplier of artificial intelligence chips. Cramer called the story “patently false” on X. Cramer, who has been particularly bullish on Broadcom lately, is often criticized for dispensing bad advice—for example, telling his viewers earlier this year to buy shares...
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