Crypto industry groups sue IRS over broker reporting rule ... and more tech news
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Why are crypto industry groups suing the IRS?
The DeFi Education Fund, the Blockchain Association, and the Texas Blockchain Council are suing the IRS to block new regulations requiring decentralized finance (DeFi) entities to report customer information. They argue that these rules unduly burden DeFi trading front ends, infringe on privacy rights, and could push the technology offshore.
What is NVIDIA's new focus in robotics?
NVIDIA is launching a new generation of compact computers for humanoid robots called Jetson Thor in the first half of 2025. This move is part of its strategy to support robot makers globally rather than competing directly with manufacturers like Tesla.
How could AI data centers impact the US power grid?
AI data centers could strain the US power grid due to their volatile energy requirements. A Bloomberg report found that households near significant data center activity experience distorted power, which could damage appliances, increase fire risks, and cause brownouts or blackouts.
What is the status of Volocopter, the German electric air taxi company?
Volocopter has filed for bankruptcy protection but plans to continue operations while seeking new investors. The company, backed by major automakers like Mercedes-Benz and Geely, has raised hundreds of millions of dollars over nearly a decade.
What did Google CEO Sundar Pichai emphasize for 2025?
Sundar Pichai stated that 2025 will be a critical year for Google, urging employees to internalize the urgency of the moment and move faster. He highlighted the importance of scaling the Gemini AI app to establish a leadership position in AI.
Why is Lyft suing the city of San Francisco?
Lyft is suing San Francisco for allegedly charging over $100 million in taxes by unfairly labeling money earned by Lyft drivers as company revenue. Lyft argues that its drivers are customers, not employees, and that revenue comes from fees paid by drivers, not riders.
- DeFi Education Fund, Blockchain Association, and Texas Blockchain Council sue IRS
- Lawsuit challenges new regulations on reporting customer information by DeFi entities
- Argument against defining DeFi platforms as brokers due to the decentralized nature of transactions
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