Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- Tech industry leaders are pushing the U.S. government to adopt commercially developed technologies via public-private partnerships to counter China's growing power, the Wall Street Journal reports.
- The private sector commands more talent, research budgets and capabilities in artificial intelligence and cloud computing versus the Pentagon, and these elements are critical to the military and the defense as per the National Security Commission on AI.
- Congress created the panel in 2018, chaired by former Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google CEO Eric Schmidt. Other members included Amazon.com Inc (NASDAQ:AMZN) CEO Andy Jassy, Oracle Corp (NYSE:ORCL) CEO Safra Catz, and top Microsoft Corp (NASDAQ:MSFT) and Google scientists.
- The commission charted out a road map for the Pentagon to acquire commercially designed software and hardware to be at par with China's tech investment ramp.
- In 2018, Google exited from an AI-driven software project with the Pentagon when employees revolted.
- Microsoft, Google and others are eyeing the Pentagon's billions of dollars spent in a market dominated by Lockheed Martin Corp (NYSE:LMT).
- In March, Microsoft scooped a $21.9-billion contract to supply the Army with HoloLens.
- However, the tech critics wary of the tech companies' growing influence see additional risks from the initiative.
- LMT Price Action: LMT shares were down 1.69% at $350.05 Tuesday afternoon.
- Editor's note: The title has been amended to correct the sector value to $715 billion
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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