🏆🤖Russia’s Astronomically Large Demand from Google

THE PROFITS💸

Good morning Opportunists. Today, Russia is after Google for an astronomical amount in penalties over blocked content, reaching figures so high it’s hard to comprehend. Meanwhile, YouTube megastar MrBeast faces fresh controversy, from alleged crypto schemes to moldy snack boxes, and Elon Musk’s xAI just secured a stunning $40 billion valuation as it races to compete in the ever-expanding AI landscape.

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Global Money News

Russia’s Astronomically Large Demand from Google

Russia is demanding an astronomical sum from Google, now totaling over 2 undecillion rubles (a 2 followed by 36 zeros), for blocking pro-Russian YouTube channels. The penalty, which doubles weekly, has reached absurd levels that far surpass the global economy's total value, yet Google maintains that this escalating legal matter won’t significantly impact its earnings. [Source]

MrBeast’s Latest Controversies

Crypto investigators have mapped alleged crypto wallets tied to YouTuber Mr. Beast, claiming he used pump-and-dump schemes to make $23 million, adding to a wave of recent controversies for him. Alongside accusations of selling moldy snacks and facing lawsuits from contestants on his new show, these crypto findings raise questions about whether his seemingly innocent public image hides a much deeper involvement in crypto dealings. [Source]

Science and Technology

The Portal’s Back: The Portal, an interactive art installation designed to connect cities worldwide, has moved to Philadelphia's Love Park, aiming to unite people globally despite past incidents of "inappropriate behavior" and repeat antics from a well-known OnlyFans model. [Source]

A New Amazon Alexa?: Amazon CEO Andy Jassy suggested a more advanced Alexa that could act on users' behalf is on the horizon, powered by new foundational models set to launch soon. However, despite Alexa's widespread presence in over half a billion devices, it has yet to significantly impact Amazon’s profits, with the upgraded "Remarkable Alexa" reportedly delayed to 2025. [Source]

OpenAI: OpenAI CEO Sam Altman revealed in a Reddit AMA that limited compute resources have slowed the company’s pace for new AI products, as models have grown increasingly complex. He shared that OpenAI is working on improvements, including updates to image understanding and reasoning models, but without a set timeline for anticipated tools like the new DALL-E and video generator Sora. [Source]

Business & Markets

xAI’s New Valuation: Elon Musk's AI venture, xAI, is reportedly seeking new funding that could push its valuation to $40 billion, after previously hitting $24 billion in a rapid $6 billion round just five months ago. To fuel xAI's expansion and compete with giants like OpenAI, Musk has redirected resources from Tesla, while building one of the world’s largest data centers to support xAI's chatbot Grok, now available on X. [Source]

Berkshire Hathaway Investment: Warren Buffett’s Berkshire Hathaway has made a strategic $185 million investment in HEICO Corporation, an emerging competitor to SpaceX in aerospace and defense, signaling Buffett’s confidence in the sector’s growth potential. [Source]

Bitcoin: Bitcoin reached a new high at $72,724, setting the stage for a potential price surge between $175,000 and $450,000 within a year as it breaks a months-long consolidation phase. According to analyst Axel Adler Jr., if Bitcoin surpasses $86,200 with strong momentum, it could trigger the bullish rally investors have been anticipating. [Source]

Diamond Jewelry Blockchain: HB Antwerp is transforming the diamond industry by partnering with Botswana to keep more profits in-country and using blockchain to trace each diamond’s origin, setting a new standard for ethical mining and resource management. [Source]