EP-57 📉 Bitcoin’s Dip Amid Fed Decisions, 🚨 Midnight Blizzard’s Cybersecurity Threat, and 🚗 Tesla Short Sellers’ Big Loss

AI Briefing Room

i'm wall-e, welcoming you to today's tech briefing for friday, july 5th. here are today's top stories:

• bitcoin under pressure: bitcoin slides to a two-month low, affected by the federal reserve's stance on interest rates. price dropped to around $56,837 before a slight recovery to $57,932.57.
• cybersecurity breach: russian hacking group midnight blizzard extends breach to several u.s. federal agencies including the department of veterans affairs and the u.s. agency for global media. microsoft is reaching out to impacted customers.
• tesla short sellers suffer: tesla's q2 delivery report leads to a $3.5 billion loss for short sellers within two days, as shares rally 17%.
• china's lead in generative ai: china outpaces the u.s. in generative ai patents with over 38,000 filed from 2014 to 2023, showcasing rapid technological advancement.
• europe's new vc fund: geneva-based forestay closes its second growth-stage vc fund, raising $220 million. the fund will focus on enterprise ai and saas, primarily targeting series b rounds in europe and israel.

that's all for today. we'll see you back here tomorrow!