June 9, 2025
Tech News
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has confidentially filed for a U.S. initial public offering, signaling a renewed momentum in the digital asset market. This follows impressive listings by several firms, showcasing growing investor confidence in cryptocurrency’s integration into traditional finance.
Amidst this resurgence, the global cryptocurrency market is valued at approximately $3.3 trillion, with Bitcoin trading above $100,000. The successful public offerings signal a shift for crypto firms as they prepare to attract mainstream investors, following years of regulatory scrutiny and market volatility.
Meanwhile, EleutherAI has unveiled a groundbreaking dataset known as Common Pile v0.1, a collaboration spanning two years with startups and academic institutions. Weighing in at 8 terabytes, this dataset is designed for training AI models, claiming to match results from those developed with copyrighted data, amidst ongoing legal challenges in the AI sector.
In the gaming realm, Fortnite receives a significant upgrade on the Switch 2, transforming the gameplay experience with enhanced graphics and performance. Previously limited by hardware, the game now runs at an impressive 60 frames per second, making the visuals more vibrant and engaging.
This update not only elevates Fortnite’s aesthetic quality but also facilitates smoother menu navigation, allowing players to enjoy a more refined experience. As Epic Games addresses prior performance limitations, the refreshed version meets player expectations for a game meant to be visually stunning on new hardware.
Tech Explained
Initial Public Offering (IPO) – An IPO is the process where a private company offers shares to the public for the first time, allowing it to raise capital from investors and often leading to increased accountability and transparency through regulatory oversight.
Cryptocurrency – Cryptocurrency is a digital or virtual currency that uses cryptography for security, making it difficult to counterfeit. It operates independently of central banks and is based on blockchain technology, facilitating secure and anonymous transactions online.
Artificial Intelligence (AI) – AI refers to the simulation of human intelligence processes by machines, particularly computer systems. These processes include learning, reasoning, problem-solving, and understanding language, enabling applications in various fields such as healthcare, finance, and gaming.
Frames Per Second (FPS) – FPS is a measure of how many unique consecutive images (frames) a computer graphics system can produce in one second, crucial for gaming performance. Higher FPS rates result in smoother motion and enhanced visual experiences, especially in fast-paced games.
Parameters – In the context of AI models, parameters are internal variables that the model uses to make decisions and predictions based on input data. They are adjusted during training to minimize errors in predictions and improve overall model performance.
