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Ark Invest doubled down on crypto during last month's market turbulence, purchasing more than seventy-five million dollars in cryptocurrency-related shares throughout June. It's a pattern for the firm — when prices fall, Cathie Wood's team tends to buy. Whether that conviction pays off depends entirely on where crypto heads next.
Meanwhile, a major deal in the stock photography world has collapsed. Getty Images has moved to terminate its three-point-seven billion dollar merger with rival Shutterstock after UK regulators imposed restrictions the companies couldn't work around. It's a reminder that even in a consolidating media landscape, antitrust watchdogs on both sides of the Atlantic still carry real weight.
And in a story that's less about finance and more about fascination, a piece circulating on Hacker News revisits the Antikythera Mechanism, the ancient Greek device recovered from a shipwreck and widely considered the world's first analog computer. Researchers believe it tracked celestial movements with extraordinary precision — a two-thousand-year-old reminder that the human impulse to build thinking machines runs very, very deep.
That's your Tech Beat for today. Keep surfing. Tech Beat out.
