Beijing has blocked major Chinese tech firms from pursuing stablecoin projects in Hong Kong, the Financial Times reports, tightening controls on cross-border digital assets and curbing firms’ crypto ambitions.
OpenAI is reportedly seeking enhanced regulatory powers to protect itself against a potential hostile takeover by Elon Musk. This strategic move underscores the organization’s focus on maintaining autonomy amidst increasing corporate pressures.
**1 Unstoppable Stock Poised to Join Tech Titans in the Trillion-Dollar Club**
Prepare to witness the rise of Alphabet Inc., the parent company of Google, as it charges towards the exclusive trillion-dollar club. This tech behemoth has just unleashed a stellar quarterly performance, boasting earnings per share of $24.62 and revenue of $69.09 billion, both surpassing expectations.
Alphabet’s advertising empire continues to soar, with a 17% growth from the previous year. And to top it off, the company has completed a massive $50 billion share buyback program. These financial fireworks and aggressive stock buybacks have positioned Alphabet as a formidable contender to join the ranks of Microsoft, Apple, Nvidia, Amazon, and Meta in the trillion-dollar club