Plus, the Supreme Court declines to rule on an Nvidia investor case. And Japanese crypto exchange Coincheck rallies on its first day of trading. Belle Lin hosts.
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[00:00:17] TNB Tech Minute
[00:00:38] The new technology will also power a feature called Deep Research, which lets users who pay for Gemini request detailed reports based on AI-conducted internet searches.
[00:00:49] The search giant is betting on this type of AI system in its latest bid to stand out in the growing and competitive consumer AI business.
[00:01:00] The U.S. Supreme Court has dismissed an investor case against the AI chipmaking giant NVIDIA, allowing most of the claims to proceed in a lower court.
[00:01:09] The case stems from allegations that NVIDIA understated how much money it was making from the crypto boom more than five years ago.
[00:01:18] Investors alleged that NVIDIA classified revenue it knew was coming from crypto mining under its video game graphics business and therefore misled them.
[00:01:27] In 2022, NVIDIA agreed to pay the Securities and Exchange Commission $5.5 million for inadequate disclosures regarding its business with the crypto industry.
[00:01:39] An NVIDIA spokesman said the company would have preferred an affirmation of a trial court's dismissal of the case, but was fully prepared to continue its defense.
[00:01:48] And Japanese cryptocurrency exchange Coincheck rallied as it went public on the NASDAQ stock market, becoming the second crypto exchange listed in the U.S. after Coinbase Global.
[00:02:01] Shares of Coincheck rose about 9% as it benefited from a broad upswing in Bitcoin and other digital currencies.
[00:02:09] Coincheck doesn't serve U.S. customers and is subject to Japanese crypto regulation.
[00:02:14] It is one of Japan's biggest crypto exchanges with just over 2 million customers.
[00:02:21] More crypto companies are likely to go public as the SEC changes its stance on digital assets with the incoming administration of President-elect Donald Trump.
[00:02:31] That's according to an advisory firm that specializes in digital asset deals.
[00:02:36] For a deeper dive into what's happening in tech, check out Thursday's Tech News Briefing podcast.