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Bullish, the crypto exchange backed by Peter Thiel, is having a rough start to the year. The platform missed first-quarter revenue estimates as adjusted transaction revenue came in lower than the same period a year ago. It's a reminder that even well-funded crypto platforms remain tightly tethered to market sentiment and trading volume.
Across the Atlantic, the UK government is pushing ahead with a sweeping overhaul of how the National Health Service handles patient data. The plan, confirmed in the King's Speech, centers on a Single Patient Record system that could fold in the NHS's already controversial Palantir-run Federated Data Platform. The tension between efficiency and public trust in health data is very much alive here.
And in enterprise technology, a cautionary tale making the rounds involves a team that was quoted fifty-four million dollars to build a system — and simply walked away. The story, published on Substack, is drawing attention because it captures something a lot of organizations quietly wrestle with: when a vendor's solution costs more than the problem it's solving, sometimes the bravest move is saying no.
That's your briefing for today. Keep surfing. Tech Beat out.
