Bitcoin tops $100,000 with Trump-election crypto rally rolling on

Author

Noel Moldvai
December 05, 2024

TL;DR

  • Bitcoin tops $100,000 with Trump-election crypto rally rolling on

  • OpenAI partners with defense company Anduril

  • Jim Keller-led Tenstorrent raises another $700M for AI chips at $2B+ valuation

  • Amazon is building a mega AI supercomputer with Anthropic

Bitcoin tops $100,000 with Trump-election crypto rally rolling on

Bitcoin topped $100,000 for the first time, driven by Donald Trump’s election and his pro-crypto stance. His plans to nominate crypto advocate Paul Atkins as SEC chair and promises to make the U.S. a crypto hub have fueled optimism. Experts warn of risks despite the rally’s momentum.

OpenAI partners with defense company Anduril

OpenAI has partnered with defense company Anduril to deploy AI systems for national security, focusing on counter-unmanned aircraft systems. The partnership reflects a growing trend of AI companies working with defense sectors despite past controversies over military applications. OpenAI claims its tools aim to assist, not harm, in warfare contexts.

Jim Keller-led Tenstorrent raises another $700M for AI chips at $2B+ valuation

Tenstorrent, led by semiconductor engineer Jim Keller, raised $693M in a Series D round at a $2B pre-money valuation, backed by Samsung Securities, Bezos Expeditions, and others. The AI chip startup plans to expand global operations and develop open-source AI tools, aiming to rival Nvidia in the semiconductor industry.

Amazon is building a mega AI supercomputer with Anthropic

Amazon is building a supercomputer with Anthropic, projected to be the world's largest AI machine using Trainium 2 chips. Dubbed Project Rainer, it aims to make AI more accessible and cost-effective. Amazon also introduced new tools, including Model Distillation and verification methods, to improve AI reliability for enterprise applications.

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Until next week!

Cheerio,
-Noel

These updates are for informational purposes only and do not represent an endorsement or investment recommendation by  Augment Capital, LLC. Augment Markets, Inc. is a technology company offering software and data services, in addition to financial products and services through its wholly-owned but separately managed subsidiary, Augment Capital, LLC. Securities products are offered through Augment Capital, LLC, Member FINRA/SIPC.