KEYTAKEAWAYS
- Motorola Solutions shifts focus from mobile phones to public safety technologies, significantly impacting its stock with an 18% increase year-to-date.
- Ilya Sutskever launches Safe Superintelligence, a new company dedicated to developing secure AI technologies, following his departure from OpenAI.
- LayerZero Foundation announces the unlocking of 25% of ZRO tokens on their launch day, with applications opening across multiple blockchain networks on June 20.
CONTENT
In the Crypto Pre-drink, we serve up a daily shot of the hottest crypto news and market insights to fuel your investment decisions.
MOTOROLA SOLUTIONS EMERGES AS A STRONG TECH STOCK
While artificial intelligence continues to dominate tech conversations, Trent Masters from Alphinity Investment Management highlights Motorola Solutions as a promising investment. Unlike its historical association with mobile phones, the company now focuses on public safety through technologies like Land Mobile Radio (LMR), which comprises 70% of its operations. This crucial communication tool for first responders, along with Motorola’s video security and command center divisions, are seeing significant market traction.
(source: TradingView)
Masters emphasizes the robust nature of Motorola’s business model, bolstered by continuous upgrades in its LMR sector and expansions in video security and command centers. Despite a challenging economic environment, government spending in public safety remains stable, supporting the company’s growth. Motorola’s stock performance reflects its success, with an 18% increase year-to-date and a 30% rise over the past twelve months.
LAUNCH OF SAFE SUPERINTELLIGENCE BY ILYA SUTSKEVER
Ilya Sutskever, co-founder of OpenAI, announces the creation of his new venture, Safe Superintelligence (SSI), focusing exclusively on developing secure AI technologies. This move follows his departure from OpenAI, where he led efforts in AI control and alignment. SSI aims to prioritize safety without the distractions of conventional business pressures, operating out of Palo Alto and Tel Aviv.
Sutskever’s initiative reflects his ongoing commitment to AI safety, a focus sharpened by recent controversies at OpenAI. Despite past disagreements with OpenAI leadership that led to temporary turmoil within the company, Sutskever remains dedicated to his vision of a safe superintelligence, aiming to mitigate potential risks associated with advanced AI systems.
LAYERZERO FOUNDATION TO UNLOCK 25% OF ZRO TOKENS
The LayerZero Foundation has revealed that 25% of ZRO tokens will be unlocked on the first day. The allocations include 8.5% for the Token Generation Event, 11.0% for future snapshots and RFPs, 5% to the Foundation, and 0.5% to community members. Applications for the tokens open on June 20 at 11:00 AM UTC, with availability across networks such as Ethereum, Arbitrum, Optimism, Base, Polygon, BNB Chain, Avalanche, and Aptos.
LayerZero Airdrop started! 🖤
Claim $ZRO right now:https://t.co/icd6gpIj8n#LayerZero pic.twitter.com/uGAUpAtNcU
— LayersZer0 Lab (@zoopbrasil) June 20, 2024
