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Thirteen U.S. states are gearing up to file a lawsuit against DOGE, claiming that the cryptocurrency has misused personal data and gained improper access to government payment systems.

In a groundbreaking legal move, thirteen U.S. states are preparing to file a lawsuit against DOGE, a prominent cryptocurrency company, alleging that it unlawfully accessed government payment systems and may have misused personal data without proper consent. The coalition, which includes states like California, New York, Texas, and Florida, asserts that DOGE gained improper access to sensitive government financial services, such as direct payment and benefits systems that citizens rely on for various public services, including Social Security and unemployment benefits. The lawsuit claims that DOGE’s actions could have endangered…

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Alphabet’s investments in AI are facing increased scrutiny from investors as Google Cloud experiences a slowdown in growth.

Alphabet, Google’s parent company, is facing heightened scrutiny from investors due to its significant investments in artificial intelligence (AI) during a period of slowing growth in Google Cloud. In 2024, Alphabet’s capital expenditures reached around $50 billion, with expectations for further increases in 2025 to bolster cloud expansion and AI-enhanced search features. This considerable spending has raised alarms among investors, particularly as revenue growth slowed during the holiday quarter, affected by declines in advertising and cloud services. The competitive landscape has become more challenging with the rise of companies like…

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Tata Power, Asian Paints, Titan, Bajaj Electricals, JK Tyre, Whirlpool, Godrej Properties, One Mobikwik, and Kajaria Ceramics are set to announce their Q3 results.

Several prominent companies from different sectors are preparing to announce their Q3 FY25 financial results this week. Investors and market analysts are paying close attention to these earnings reports, as they could influence market trends and stock performance . Key players expected to release their quarterly results include Tata Power, Titan Company, Asian Paints, Bajaj Electricals, JK Tyre, Whirlpool, Godrej Properties, One Mobikwik, and Kajaria Ceramics. These companies span a range of industries, such as energy, consumer goods, real estate, and financial technology. Market experts predict mixed earnings, with some…

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Trump’s threat of tariffs has led to a decline in the crypto market, affecting even his own meme coin.

The cryptocurrency market took a significant hit after former U.S. President Donald Trump renewed his threats of tariffs, causing even his own meme coin to drop sharply. Trump recently hinted at imposing tough tariffs on foreign goods if he wins the election again, which has sparked economic uncertainty. This announcement sent shockwaves through the financial markets, prompting a quick response from cryptocurrency investors. Bitcoin, Ethereum, and other major digital currencies faced losses, and even Trump’s meme coin, which had gained traction among his supporters, saw a steep decline. Market analysts…

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Government Considers Altering Its Position on Cryptocurrency

In a surprising development, sources indicate that the U.S. government is rethinking its stance on cryptocurrency, which could lead to new regulations that might transform the digital asset landscape. For years, cryptocurrencies such as Bitcoin and Ethereum have navigated a complex web of regulatory hurdles in the U.S., facing numerous restrictions on their use and trading. However, insiders suggest that a policy shift may be imminent, as officials seek to strike a better balance between consumer protection, financial security, and technological advancement. “We’ve witnessed the rapid growth of digital assets…

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ASML’s CEO has dismissed DeepSeek while emphasizing the dominance of AI in the U.S.

Veldhoven, Netherlands – Peter Wennink, CEO of ASML, the leading supplier of semiconductor manufacturing equipment, has downplayed worries regarding China’s DeepSeek, a rising AI chipmaker. In a recent interview, Wennink asserted that the true threat to the AI industry comes from U.S. tech giants like Google, Microsoft, and OpenAI, rather than from Chinese firms. Although DeepSeek has made progress in AI chip development, Wennink noted that China’s semiconductor capabilities remain constrained by U.S. export restrictions on advanced technologies, including ASML’s extreme ultraviolet (EUV) lithography machines. He stressed that significant advancements…

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Elon Musk’s X is taking legal action against several major companies due to an advertising boycott.

Social media giant X (formerly Twitter), owned by Elon Musk, has initiated a lawsuit against several major corporations, claiming they participated in a “collective advertising boycott” that has unfairly impacted the platform’s business. The lawsuit, filed in a U.S. federal court, accuses these companies of working together to withdraw their advertising spending from X, allegedly due to pressure from advocacy groups and political influences. Musk and X’s legal team contend that these actions constitute anti-competitive collusion, breaching fair business practices and harming the platform’s revenue. “This isn’t about free market…

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Elon Musk refutes claims regarding access to a DOGE payment system.

Tesla and SpaceX CEO Elon Musk has responded to recent claims that Dogecoin (DOGE) was granted access to sensitive payment systems, sparking security concerns in the financial sector. Musk, a well-known supporter of DOGE, took to X (formerly Twitter) to dismiss the allegations, calling them “absurd” and emphasizing that Dogecoin operates as a decentralized cryptocurrency with no direct integration into restricted financial networks. “People need to fact-check before spreading nonsense. DOGE is a public blockchain, not some backdoor into banking systems,” Musk posted. The controversy emerged after unverified reports suggested…

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Amazon has announced additional job cuts aimed at enhancing efficiency within the company.

Amazon is laying off more employees across various teams as part of its ongoing efforts to improve operational efficiency, according to sources familiar with the situation. This latest round of job cuts follows a series of workforce reductions in recent years as the tech giant streamlines its operations in response to changing market conditions. While Amazon has not revealed the exact number of employees affected, reports suggest that the layoffs impact teams in its cloud computing division, retail operations, and human resources. Some positions within its advertising and Prime Video…

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SoftBank is in discussions to invest $25 billion in OpenAI

SoftBank is reportedly in talks to invest up to $25 billion in OpenAI, according to a source familiar with the situation. This potential investment represents a significant step for the Japanese tech giant as it seeks to enhance its presence in the rapidly expanding artificial intelligence sector. OpenAI, recognized for its innovative work in machine learning and natural language processing, has emerged as a key player in the AI industry. With the introduction of models like GPT-3 and GPT-4, OpenAI has garnered considerable attention from tech companies, investors, and businesses…

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