Google and IBM believe first workable quantum computer is in sight
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Canary CEO Predicts Bitcoin Will Hit $150K This Year—But Ethereum Surge Won't Last
Bitcoin could climb as high as $150,000 before the end of the year, followed by another bear market in 2026, according to Steven McClurg, CEO of Canary Capital. But he's not convinced that the recent Ethereum surge will continue. The BTC prediction comes as crypto markets flirt with record highs and institutional investors pile into exchange-traded funds (ETFs). Bitcoin hit a new all-time high of $124,128 on Wednesday. Invest in Gold American Hartford Gold: #1 Precious Metals Dealer in the Nation Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase Thor Metals Group: Best Overall Gold IRA 'There's a greater than 50% chance that Bitcoin goes to the $140,000 to $150,000 range this year before we see another bear market next year,' McClurg said in a Friday interview with CNBC. McClurg attributed the rally to rising demand from ETFs and an expanding base of institutional buyers, including sovereign wealth funds, pensions, and corporate treasuries. 'These inflows are creating a higher price in Bitcoin,' he said. The forecast comes as Canary Capital has filed ETF applications tied to several altcoins, including XRP, Sui, Cronus (CRO), Hedera (HBAR), and President Trump's official meme coin on Solana. The firm has not filed an ETF application related to Ethereum, which McClurg criticized as an outdated network—though ETH has been the biggest gainer in recent weeks among major cryptocurrencies, nearing an all-time high on Thursday before cooling off alongside the broader market. 'I'm not a big fan of Ethereum, only because it is an older technology,' he said. 'There's a lot of other protocols that are faster, cheaper to transact, and fundamentally more secure.' What's Driving Ethereum's Surge—And Can It Last? McClurg credited Ethereum with 'a great run over about a five-year period,' but said newer blockchains like Solana and Sui have eclipsed it. 'I do expect it to wane and not see all-time highs,' he added. One analyst that Decrypt spoke with questioned McClurg's skepticism toward Ethereum. 'Ethereum will be extremely hard to compete with despite what some call 'older tech,' because Ethereum owns the developer ecosystem,' Amberdata Director of Derivatives Greg Magadini told Decrypt. 'It's like the iPhone platform that enables developers to build apps directly on its infrastructure. Those network effects only compound over time.' Magadini predicts Ethereum will catch up to Bitcoin on a relative basis, with ETH/BTC reaching 7%—implying an ETH price between $8,000 and $10,000. Despite this, Magadini agreed that Bitcoin could exceed $150,000 in 2025, driven by inflation hedging and investor appetite for risk. 'Given the combination of an equity market rally and political pressure on the Fed to cut rates while inflation remains high, we have the perfect context for higher Bitcoin prices,' he said. 'Bitcoin moves like a mix of digital gold and a risk-on asset—and right now, both those sentiments are helping prices move higher.' Canary's McClurg also floated the idea of a Litecoin comeback, comparing it to 'silver' alongside Bitcoin's 'gold.' The firm has also filed with the SEC to launch a spot Litecoin ETF. Billions in Ethereum Waiting to Be Unstaked Could Add Sell Pressure to ETH: Analyst 'Litecoin has the ability to process Ordinals a lot faster,' McClurg said, referring to the digital art and data inscription that critics say has strained the Bitcoin network (though less so lately). 'So I do expect Litecoin to come back in a major way and to be used for smaller transactions.' McClurg further noted that crypto's seasonality could add volatility in the months ahead. 'August is historically a bad month for any risk asset, especially cryptocurrencies,' he said. 'September and October are usually very strong.' Canary Capital did not immediately respond to Decrypt's request for comment.
Yahoo
2 hours ago
- Yahoo
Along With $100 Billion U.S. Manufacturing Commitment, Apple's Tim Cook Gifted Trump A Glass 'Made In USA' Plaque On 24-Karat Gold
Apple (NASDAQ:AAPL) CEO Tim Cook earned the title of "tech's Trump whisperer" in the president's first term, and he just may have shown why. Cook gifted President Donald Trump a glass plaque with a 24-karat gold base on Aug. 6. The move came as he announced at the White House that Apple would invest $100 billion in the U.S. over the next four years, adding to the $500 billion the company had announced in February. The plaque was engraved with Trump's name, a reference to Apple's U.S. manufacturing efforts, Cook's signature and the phrase "MADE IN USA." Don't Miss: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — Bill Gates Warned About Water Scarcity. "It's a unique unit of one," Cook said. He pointed out that the glass came from U.S. glass maker Corning (NYSE:GLW) and that the base came from Utah. What's more? Cook said it was all designed by a former U.S. Marine who now works for Apple. "Thank you very much, it's fantastic," Trump said. Cook's gift may offer a masterclass on how to curry favor with the president, combining two things of apparent symbolic importance to Trump: gold and the military. From golden tweezers to gold merchandise and, most recently, the gold card visa, Trump's love for gold is well documented. In the same vein, he is also known for his love of displays of military might, though his treatment of veterans has come under question. Trending: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can But Cook's gift also adds to mounting legal and ethical concerns about Trump accepting gifts from foreign governments and business leaders seeking to curry favor. Still, the White House continues to deny any wrongdoing on the part of the president. "Elected leaders and business titans from around the world are traveling to the Oval Office to make historic investments into America because of President Trump's bold vision," White House spokesperson Davis Ingle told Axios. "Often these leaders are eager to share gifts highlighting the exciting work they are doing." Nonetheless, for Cook and Apple, the recent presentation has had the desired effect. During the meeting, Trump announced plans for a 100% tariff on semiconductor chips, adding that Apple would be exempt from the charge."The good news for companies like Apple is if you're building in the United States or have committed to build in the United States, there will be no charge," Trump said. Despite this major U.S. commitment and a personal exemption from new chip tariffs, Apple still faces significant challenges navigating the global trade landscape created by Trump. Cook said in May that tariffs on goods from India and Vietnam could add $900 million to its costs in its fiscal Q2. Read Next: These five entrepreneurs are worth $223 billion – Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? CORNING (GLW): Free Stock Analysis Report This article Along With $100 Billion U.S. Manufacturing Commitment, Apple's Tim Cook Gifted Trump A Glass 'Made In USA' Plaque On 24-Karat Gold originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
2 hours ago
- Yahoo
A Signal of Future Alzheimer's Could Hide in The Way You Speak
We're still not sure exactly what causes Alzheimer's disease, but we know what its effects look like, and we're getting better at detecting the early signs of it – including, perhaps, those in our speech. Scientists from Boston University have developed a new AI ( artificial intelligence) algorithm that analyzes the speech patterns of those with mild cognitive impairment (MCI). It can predict a progression from MCI to Alzheimer's within six years with an accuracy of 78.5 percent. Related: The team's study, published in 2024, continues their previous research, where they trained a model – using voice recordings from over 1,000 individuals – to accurately detect cognitive impairment. Their new algorithm was trained on transcribed audio recordings of 166 individuals with MCI, aged 63–97. As the team already knew who had developed Alzheimer's, a machine learning approach could be used to find signs in their transcribed speech that linked the 90 people whose cognitive function would decline into Alzheimer's. Once trained, the algorithm could then be applied in reverse: to try and predict Alzheimer's risk from transcripts of speech samples it had never processed before. Other important factors, including age and self-reported sex, were added to produce a final predictive score. "You can think of the score as the likelihood, the probability, that someone will remain stable or transition to dementia," said computer scientist Ioannis Paschalidis from Boston University, when the results were published in June last year. "We wanted to predict what would happen in the next six years – and we found we can reasonably make that prediction with relatively good confidence and accuracy. It shows the power of AI." Considering there's currently no cure for Alzheimer's, you might wonder what the benefit of detecting it early is – but we do have treatments that can help manage Alzheimer's to some extent, and these can be started earlier. What's more, early detection gives us more opportunity to study the disease and its progression, and from there develop a fully effective treatment. Those known to be likely to develop Alzheimer's can participate in clinical trials ahead of time. There's a lot to like about this approach, if it can be further developed. It's the sort of test that could be done quickly and inexpensively, even at home, and without any specialist equipment. It doesn't need any injections or samples, just a recording, and it could even be run through a smartphone app in the future. "If you can predict what will happen, you have more of an opportunity and time window to intervene with drugs, and at least try to maintain the stability of the condition and prevent the transition to more severe forms of dementia," Paschalidis explained. The recordings used here were rather rough and of low quality. With cleaner recordings and data, the algorithm's accuracy is likely to get even better. That could lead to a better understanding of how Alzheimer's affects us in the very early stages – and why it sometimes develops from MCI, and sometimes doesn't. "We hope, as everyone does, that there will be more and more Alzheimer's treatments made available," said Paschalidis. The research has been published in Alzheimer's & Dementia. An earlier version of this article was published in June 2024. Related News Something Inside Your Gut Could Be Like a Natural Ozempic New Vaccine For Two Deadly Cancers Shows Promise in Clinical Trial Scientists Identify How Young Blood Reverses Aging in Human Skin Cells Solve the daily Crossword
