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Precision Neuroscience Corp., a competitor to Neuralink, has successfully raised $93 million in a funding round, nearing its $100 million target. This funding values the company at approximately $500 million, positioning it to challenge Neuralink, which has secured over $685 million, and other players like Science, which has raised $150 million.
Silicon Valley anticipates a significant shift in its relationship with the US government as Donald Trump returns to the White House, promising to reverse many policies of his predecessor. He aims to dismantle Biden's executive order on AI safety, adopt a more lenient approach to antitrust merger oversight, and has expressed skepticism about a bipartisan initiative to enhance domestic semiconductor production.
Donald Trump’s victory in the 2024 election is poised to benefit Elon Musk and his companies, particularly xAI, which may gain favor as a government contractor for AI services. The anticipated repeal of Biden's AI Executive Order could accelerate the development of AI models, enhancing competitiveness in the sector.Musk's other ventures, including Tesla, SpaceX, Starlink, and Neuralink, are also expected to thrive under a Trump administration, with potential reductions in regulatory burdens and expedited trials for new technologies.
European leaders are congratulating Donald Trump, with nationalist figures feeling invigorated while others express concern. Despite President Macron's mixed messages, Europe appears vulnerable to potential "America First" policies, which could threaten NATO's collective defense and exacerbate economic challenges amid Sino-American tensions.
Donald Trump, celebrating a potential election victory, made significant promises to the crypto industry, including maintaining U.S. bitcoin holdings and firing SEC Chairman Gary Gensler. He proposed a presidential advisory council for crypto and emphasized the importance of U.S.-based bitcoin mining, asserting that his administration would support the industry against regulatory challenges. With a Republican-controlled Senate, Trump aims to create a more favorable environment for digital assets.
Donald Trump celebrated his victory in the 2024 presidential race, highlighting Elon Musk as a key ally in his vision for America. Musk, a prominent supporter of Trump, may take on a significant role in a second administration, potentially leading a commission to enhance government efficiency and optimize taxpayer spending.
Tesla's Frankfurt-listed shares surged over 14% following positive sentiment around a potential Republican win in the US presidential race, with Elon Musk, the company's top shareholder, backing Donald Trump. Additionally, Coinbase Global shares opened up 16% in Frankfurt, buoyed by a record surge in bitcoin prices exceeding $75,000.
Dogecoin surged over 22% and Shiba Inu gained 8% as traders anticipated a strong performance from former President Donald Trump in the U.S. election, which is seen as favorable for the crypto market. With low volatility leading up to the election, the renewed interest in memecoins reflects retail investors' risk appetite, although experts caution against overemphasizing their long-term viability. Trump's potential victory could lead to a more crypto-friendly regulatory environment, further boosting market sentiment, especially with speculation around Elon Musk's possible appointment in a Trump administration.
Trump's victory has led to significant gains in the stock markets, with the SMI and UBS reaching highs, while Tesla shares saw double-digit increases. Technology stocks thrived, particularly Advantest, which rose 6.3%, boosting the Nikkei. In contrast, Toyota Motor fell 0.68% ahead of its financial results, while Nintendo shares climbed 4.3% after announcing compatibility of Switch games with its upcoming console, despite a lowered profit forecast.
Tesla shares surged 8% in overnight trading as investors speculated that a potential Trump victory would benefit CEO Elon Musk, a major supporter. Musk's recent $75 million donation to America PAC and his promise to lead a government efficiency commission if Trump is elected have fueled optimism, despite concerns that a Trump presidency could negatively impact the EV industry overall. Analysts suggest that Tesla's unmatched scale may provide a competitive edge in a market less reliant on subsidies, especially with anticipated higher tariffs on Chinese EV manufacturers.
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