AI startup OpenAI recently revealed that its groundbreaking chatbot, ChatGPT, has reached 300 million weekly active users, doubling the number it had in September 2023. This rapid growth has made ChatGPT one of the fastest-growing and most popular apps of all time. Beyond answering basic questions, this powerful tool can compose entire essays in seconds, […]
Category: Reports
In 2025, gold prices reached unprecedented levels, with spot gold trading at above $3,932 per troy ounce as of May 7th, an increase of over 83% within just a year. This remarkable surge, primarily driven by escalating geopolitical tensions over the past two years and the growing economic uncertainties, has allowed the cost of gold […]
In early June, Bitcoin surged to over $71,000 sparking widespread enthusiasm across the financial world and in crypto markets, in particular. The cryptocurrency hit an all-time high of $75,750 on March 14, marking a 178% increase from the same day in 2023. These bullish jumps in price did not go unnoticed and everyone from crypto […]
Last year, the tech industry faced a brutal wave of layoffs, with 167.6 thousand employees losing their jobs in the first three months alone, exceeding the total number of layoffs for all of 2022. This trend of job cuts has continued into 2024, driven by economic challenges, high interest rates, and rapid advancements in artificial […]
As of early August 2024, only seven publicly traded companies have market capitalisations of $1 trillion or more. Save for oil giant Saudi Aramco, they are U.S.-based firms operating in the technology sector. Among them, American chipmaker Nvidia (NVDA), which joined the coveted trillion-dollar club in May 2023, recently made headlines by temporarily surpassing Microsoft […]
Yesterday we witnessed a historic debut of SEC-approved Ethereum ETFs and the total trading volume topped $1 billion. Although this is nowhere near the approximately $4.7B trading volume on Day 1 for Bitcoin ETFs, our team at BestBrokers decided to do further comparison between both crypto ETF debuts. We compared the total traded amount of […]
Days before President Joe Biden’s abrupt decision to abandon his bid for this year’s presidential elections, his administration announced it had approved another $1.2 billion in student loan debt forgiveness for 35,000 borrowers. The new round of relief brings the canceled student loan debt total to almost $169 billion, helping nearly 42.8 million Americans struggling […]
While investor enthusiasm for artificial intelligence has driven the performance of many stocks perceived to be linked to the “AI revolution”, some analysts have warned that AI is overhyped and a bubble about to burst – sooner than later. During the first six months of 2024, the S&P 500 index grew 14.5% from December 2023, […]
Crypto exchanges, like all websites, produce carbon emissions; the more sophisticated and visited they are, the more data they process, requiring serious server power to run them. This all comes at a high cost to the environment, especially when we consider that for many, cryptocurrencies are just a fad – overhyped digital currencies which, compared […]
In a year defined by AI breakthroughs, colossal layoffs, and serious cost-cutting across industries, sales, market cap, and headcount are no longer the epitome of power and success. Since AI and automation have increasingly replaced traditional roles, companies are now able to achieve notable profits with fewer employees, transforming the rules of operational efficiency. Companies […]