Bill Gates Says NFTs and Crypto Are ‘100%’ Based on Greater Fool Theory

Microsoft Corp. MSFT 4.16% co-founder Bill Gates said he thinks cryptocurrencies and NFTs are “100%” based on the greater fool theory. The 66-year-old billionaire was referring to the notion that overvalued assets will keep going up because there are enough people willing to pay high prices for them. He joked that “expensive digital images of … Read more

Opinion: Cathie Wood’s ARK ETFs are sinking with tech stocks – and value investors will be hunting for the biggest bargains

Rising US interest rates and inflation at multidecade highs is waking investors up to the fact that a vivid imagination is no way to buy a stock. Until recently, the investors who had the richest imaginations seemed to make the most money – until they lost their gains in a matter of months. ARK Innovation … Read more

Metaverse Spending to Total $ 5 Trillion in 2030, McKinsey Predicts

Businesses ‘and consumers’ annual global spending related to the metaverse could reach $ 5 trillion by 2030, according to a new report from consulting firm McKinsey & Co. E-commerce in the metaverse will comprise some $ 2 trillion to $ 2.6 trillion of the total, while virtual advertising endeavors will make up another $ 144 … Read more

Metaverse Spending to Total $ 5 Trillion in 2030, McKinsey Predicts

Businesses ‘and consumers’ annual global spending related to the metaverse could reach $ 5 trillion by 2030, according to a new report from consulting firm McKinsey & Co. E-commerce in the metaverse will comprise some $ 2 trillion to $ 2.6 trillion of the total, while virtual advertising endeavors will make up another $ 144 … Read more

Metaverse Spending to Total $ 5 Trillion in 2030, McKinsey Predicts

Businesses ‘and consumers’ annual global spending related to the metaverse could reach $ 5 trillion by 2030, according to a new report from consulting firm McKinsey & Co. E-commerce in the metaverse will comprise some $ 2 trillion to $ 2.6 trillion of the total, while virtual advertising endeavors will make up another $ 144 … Read more

US, UK Collaborate to Spur Innovation in Tech Used to Combat Money-Laundering

Federated learning technology could be a ‘building block for protecting the US financial system from illicit finance,’ said Himamauli Das, acting director of the US Treasury Department’s Financial Crimes Enforcement Network. Photo: EPA / Shutterstock The US and UK governments are teaming up to encourage the development of new machine-learning technologies that could be used … Read more

Opinion: As tech melts down, a truth remains: Semiconductors are eating the world

Everyone’s favorite trade in the stock market, technology, has gone the way of the dodo. Oil and value stocks are all the rage. But one part of technology – semiconductors – is vital not only to the technology sector in the stock market but to the global economy and industries from cars to computers. The … Read more

For Now, China’s Crackdown on Tech Seems to Be Passing. But Will It Last?

Illustration by Elias Stein Text size Is this a new dawn for Chinese internet stocks? After several years of scrutiny and criticism, regulators seem to be easing up on China’s battered tech sector — for now. This past Monday, ride-hailing company DiDi Global , one of a number of Chinese stocks facing delisting in the … Read more

Apple and Google ‘Hold All the Cards.’ Tech Giants Face New Regulatory Threat.

Text size Apple and Google face new regulatory scrutiny in the UK Lionel Bonaventure / AFP via Getty Images Apple and Google face new regulatory pressures in the UK over their dominance in mobile browsers and cloud-based gaming. The Competition and Markets Authority (CMA) said Friday that it was consulting on the launch of a … Read more

Zoom School Was No Education for My Math Students

A masked teacher instructs students remotely from a San Francisco elementary school, Oct. 5, 2020. Photo: David Paul Morris / Bloomberg News In “The Weekend Interview With Edward Glaeser” (May 28), Tunku Varadarajan touches on a subject close to my professional domain: “the unmitigated disaster that remote learning has been for American children.” As a … Read more