The Daily Leo #364 - Amazon going for AI domination, FTX Concealed $800M Loss

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Amazon's Bold Move: Demolishing Towers For AI Dominance

Executives at Amazon.com (AMZN) announced in early June the demolition of 9 Virginia office towers. The online retailer will ultimately use the space to build new, state-of-the-art data centers.

AI is now bringing the productivity to knowledge work.

McKinsey, the global business consulting firm, studied 63 AI use cases across 16 business functions. Researchers concluded that AI’s total economic impact could be...

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Ten Things To Think About Before You Claim Social Security

When to start claiming Social Security benefits is the one question that often crosses people's minds when they begin financial planning discussions. Unfortunately, there's no universally applicable answer; it's a nuanced matter that requires careful deliberation. However, there are several key considerations to think about before making this pivotal decision during your retirement years.

Here are the top ten things to think about before you claim Social Security.

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Ellison Testimony Reveals All: FTX Concealed $800M Loss

Former Alameda Research CEO Caroline Eiilson took to the witness dock on her second day of testifying against Sam Bankman-Fried (SBF).

Ellison deponed that she knew that in 2021, FTX incurred a massive $800 million loss from its margin system malfunctioning and that the loss was pinned on Alameda to hide it from FTX investors.

Per Ellison’s testimony, SBF revealed how the loss came by.

"From Sam, I learned that FTX had...

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Dogecoin daily transactions drop to lowest in 3 months

This year has been rough on Dogecoin (DOGE) as it has suffered losses on all of its charts, and it is also recording significant declines in the number of its daily transactions in the past month and a half.

As it happens, the weekly average for daily Dogecoin transactions currently sits at...

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Hacker returns 90% of stolen funds to Stars Arena following exploit

Avalanche-based social protocol Stars Arena has recovered approximately 90% of the funds lost during a security exploit last week. This recovery was made possible through a successful negotiation with the individual responsible for the attack, the team confirmed.

Stars Arena encountered a major exploit on Oct. 7 that led to the loss of funds locked in its smart contract. Security analysts at PeckShield estimated the size of the exploit to be around...

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It's getting harder to convert yer crypto to FIAT, but does it matter...?

Building a digital brand is one of the best things one can do these days, but most people still rely on web2 platforms to do so.

The problem with that is these platforms have full ownership of your account, content, and followers and will discard you the moment they decide you are just not worth it anymore.

Fortunately, there is an alternative, which is...

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