You're tuned in to Tech Beat, and here's what's moving in the world of technology today.
Nvidia has hit a record high, with its market value reaching five point seven trillion dollars. The AI chipmaker's stock surpassed its previous peak, driven by a historic one hundred fifty billion dollar share buyback and a softer-than-expected jobs report that eased pressure on the Federal Reserve to raise rates.
From record highs to a quiet shutdown, Blast, the Ethereum layer-two network that once held more than two billion dollars in crypto assets, is closing its doors. Activity dried up, operating costs climbed, and larger platforms like Coinbase and Robinhood moved in to build competing networks, leaving Blast with a ninety-eight percent drop in assets and no clear path forward.
And in a story that blends Silicon Valley and social media drama, Neuralink executive Shivon Zilis announced her breakup with Elon Musk in a very online way, by quote-tweeting an account that tracks who follows and unfollows whom on X. Musk had quietly unfollowed her, and an automated account caught it before she said a word.
That's your Tech Beat for today. Keep surfing. Tech Beat out.
