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first_img The State-owned Assets Supervision and Administration Commission investigates the usage of Broadcom switches in state-owned enterprise data centers

According to the Financial Times, Chinese authorities are reviewing the use of Broadcom hardware by state-owned data centers to support domestic manufacturers and reduce reliance on foreign artificial intelligence infrastructure. The State-owned Assets Supervision and Administration Commission has been investigating how many Broadcom switches are used by state-controlled data centers in recent weeks, according to two informed sources.One of them stated that the penetration rate of Broadcom switches in state-owned enterprises could be as high as 90%, and preliminary results may lead the commission to issue informal guidance to reduce the use of Broadcom switches in domestic data centers. The sources indicated that state-owned data centers are no longer allowed to use NVIDIA products but still use a large number of Broadcom switches. The commission is also investigating whether Broadcom is leveraging its market-leading position to bundle other products or requiring one-time purchases of tens of thousands of switch chips.The sources noted that these practices have restricted Chinese companies like H3C and Ruijie Networks from placing orders with other switch manufacturers such as Huawei. H3C and Ruijie Networks are often included in the procurement recommendation lists for government agencies, public institutions, and state-owned enterprises, which spend billions of dollars annually on information technology products.

Bitcoin falls over 30%, causing Satoshi Nakamoto's assets to shrink by $41 billion, with net worth dropping below that of Bill Gates

Due to the price of Bitcoin dropping more than 30% from its historical high at the beginning of October, Satoshi Nakamoto's net worth in Bitcoin has shrunk by $41 billion in just over a month.According to data from Arkham Intelligence, the total value of Bitcoin holdings associated with the wallets tracked has decreased from $137 billion a month ago to $95.8 billion. When the price of Bitcoin reached an all-time high of $126,080 in early October, the total assets were valued at $137 billion, ranking 11th on the Forbes Billionaires List, above Bill Gates. With the recent drop in Bitcoin's price to around $87,281, the net worth has fallen to $95.8 billion, below Bill Gates ($104.4 billion), dropping to 20th place on the billionaire list.Crypto experts have identified approximately 1.1 million BTC held through the Patoshi Pattern, a unique mining pattern in early Bitcoin blocks. Quantum computing threat: Some believe that as quantum computing technology advances, it poses a "survival threat" to the Bitcoin network (Q-Day), and this anonymous creator may speak out. Joseph Chalom, co-CEO of SharpLink Gaming, stated that he has a bold idea that in the next five to ten years, when the Bitcoin network needs to implement "quantum protection," there may be significant decisions regarding standards and encryption, at which point Satoshi Nakamoto might make an appearance.
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