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On April 4, 2025, a significant drop in global stock markets resulted in a $208 billion loss for the wealthiest tech billionaires, including Mark Zuckerberg, Jeff Bezos, and Elon Musk. This decline reflects ongoing market volatility exacerbated by tariff policies and investor sentiment.
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IBM has announced the z17, its latest mainframe designed to support over 250 AI use cases. This new model, featuring the IBM Telum II processor, offers significant performance improvements and enhanced security features, reflecting a shift towards hybrid data management among enterprises. The z17 will be available from June 8, 2025.
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The U.S. Department of Energy announced a new supercomputer named Doudna, set to launch in 2026 at Lawrence Berkeley National Laboratory. Built by Dell Technologies and powered by Nvidia chips, it aims to enhance genomics research and other scientific fields, promising over tenfold speed improvements over existing systems.
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President Trump announced a new initiative providing $1,000 investment accounts for newborns, backed by major CEOs. The program, part of the controversial 'One Big Beautiful Bill,' aims to promote financial literacy and support families. However, it faces challenges in the Senate amid concerns over its fiscal implications.