An $11 billion tech-focused hedge fund scored a 52% gain by betting on Tesla and against scandal-ridden Wirecard this year, a report said

  • Coatue Management scored a 52% gain this year by betting on Tesla and against German fintech Wirecard, the Financial Times reported.
  • The $11 billion tech-focused hedge fund is run by “Tiger cub” Philippe Laffont, who previously worked at billionaire Julian Robertson’s Tiger Management.
  • Coatue held 3.1 million Tesla shares at the end of the third quarter that are now worth $1.3 billion, the FT said.
  • The fund’s performance eclipses the average 17% return gained by tech-focused hedge funds this year.
  • Visit Business Insider’s homepage for more stories.

New York-based Coatue Management has been one of the best-performing big hedge funds in 2020, scoring a gain of 52% through November. 

Coatue made its notable gain by betting on Elon Musk’s fast-rising automaker Tesla and against scandal-plagued German payments processor Wirecard, according to the Financial Times. 

The tech-focused fund makes long-short investment strategies, meaning that it buys equities that

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Google Pixel 5 may soon gain smart Adaptive Sound feature

Google Pixel 5 Grey Back

Credit: Robert Triggs / Android Authority

  • Google is developing an automatic equalizer adjustment feature for Pixels.
  • Dubbed Adaptive Sound, the feature tweaks audio settings based on environment acoustics.
  • The Google Pixel 5 will likely receive the feature in an update, but it’s unclear if any other Pixels will join it.

The forthcoming Google Pixel feature drop could include a new toy for music lovers. Dubbed Adaptive Sound, the feature was uncovered on a Google Pixel 5 by XDA‘s APK sleuths.

The feature confusingly shares its name with a Google Pixel Buds feature. But while Adaptive Sound on the Buds automatically adjusts the volume levels on the fly to suit the wearer’s environment, Adaptive Sound on Pixel phones will tweak the equalizer instead.

While playing music on a Pixel phone, Adaptive Sound may up the bass and treble in noisier environments, or drop both in quieter settings. The feature uses

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GitHub: Python and TypeScript gain popularity among programming languages

GitHub released its annual Octoverse report today to reveal trends found in one of the largest developer communities on the planet. Results include a spike in open source project activity following the start of the COVID-19 pandemic. GitHub is now used by 56 million developers worldwide, up from 44 million in 2019 and 31 million in 2018.

Above: GitHub programming languages by popularity

JavaScript continues to be the most popular programming language on GitHub, while Python is now the second most popular, followed by Java and the fast-growing TypeScript community. Maintained by GitHub owner Microsoft, TypeScript has climbed from seventh place in 2018 and 2019 to fourth overall this year. PHP and Ruby, languages that ranked among the most popular five years ago, continued to decline in popularity.

Among other highlights:

  • Nigeria continues to rank highest among strong contributions to open source projects, followed by Hong Kong, Saudi, Arabia, and
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EMERGING MARKETS-Indonesia shares gain on rate cut hopes, broader optimism

    * Graphic: World FX rates
    * Graphic: Foreign flows into Asian stocks
    * S.Korean won hits near 2-1/2 year high
    * Thai baht at highest since Nov. 19

    By Shashwat Awasthi
    Dec 2 (Reuters) - Indonesian stocks climbed on Wednesday as
markets weighed the chances of further policy easing by its
central bank, while hopes forcoronavirus vaccines and fresh
stimulus in the United States buoyed broader risk sentiment.
    Emerging Asian currencies firmed as the U.S. dollar's index
against major currencies sank to a more than
two-and-a-half year low, and regional equities maintained their
bright start to December after blistering gains last month.
    Shares in Jakarta inched close to a more than
nine-month high. Data released Tuesday showed core inflation
eased in November and annual inflation remained below Bank
Indonesia's (BI) target range.
    "We believe that BI will be open to slashing borrowing costs
further, likely in early 2021, 
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Experimental evolution reveals how bacteria gain drug resistance — ScienceDaily

A research team at the RIKEN Center for Biosystems Dynamics Research (BDR) in Japan has succeeded in experimentally evolving the common bacteria Escherichia coli under pressure from a large number of individual antibiotics. In doing so, they were able to identify the mechanisms and constraints underlying evolved drug resistance. Their findings, published in the scientific journal Nature Communications, can be used to help develop drug-treatment strategies that minimize the chance that bacteria will develop resistance.

Counteracting multidrug-resistant bacteria is becoming a critical global challenge. It seems that every time we develop new antibiotics, novel antibiotic-resistant bacteria emerge during clinical use. To win this cat-and-mouse game, we must understand how drug resistance evolves in bacteria. Naturally, this process is very complicated, involving numerous changes in genome sequences and cellular states. Therefore, a comprehensive study of resistance dynamics for large numbers of antibiotics has never been reported.

“Laboratory evolution combined with

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How Google’s Project Guideline Technology Helped A Blind Runner Gain ‘The Freedom To Run Solo’

In a blog post published last week, Google shared a first-person account by Thomas Panek on using Google’s Project Guideline technology to help him better pursue his passion for running. An avid runner, Panek, who is blind, has completed more than twenty marathons, including five Boston Marathons. Last year, he became the first blind runner to complete the New York City Half Marathon guided entirely by dogs. Panek is president and CEO at Guiding Eyes For The Blind. The organization helps people with vision loss access resources such as orientation & mobility training, guide dogs, and more. “[We] work tirelessly to help people with vision loss receive running guide dogs that can help them live more active and independent lives,” he wrote.

Project Guideline is a Google Research initiative, a group that tinkers with

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After Last Week’s Gain, Should You Consider Investing In MGM Resorts’ Stock?

MGM Resorts International (NYSE: MGM) gained nearly 12% in the last 5 trading days. Despite this move, the stock is still nearly 20% below where it was at the beginning of 2020.

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TCS, Infosys, HCL Tech shares may stand to gain as US, European banks increase technology spending

a close up of a hand: Sequential revenue growth recovery in the BFS space was recorded among almost all Indian IT firms.

© Provided by The Financial Express
Sequential revenue growth recovery in the BFS space was recorded among almost all Indian IT firms.

Increased digital adoption has been the buzz word that has helped stocks of Indian Information Technology firms gain faster than the broader markets. TCS, Infosys, HCL Technologies, Wipro, Tech Mahindra, and other IT firms have all outperformed the benchmark S&P BSE Sensex since the end of March. Now, the digitisation that firms across the globe were expected to undergo is looking more realistic with technology spending of US and European banking and financial services firms remaining resilient in the quarter ending September 2020. Leading Indian IT firms stand to benefit from higher technology spends.

Digital spends accelerating

“Companies accelerated digitalization to cater to increased digital adoption. BFS firms will invest to migrate to cloud and reap full benefits of cloud transformation,” said brokerage and research firm Kotak Securities

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Comstock Mining Announces Positive Nine-months Earnings of $0.63 Per Share: Recognizes $18.3 Million Gain on Lucerne Sale

VIRGINIA CITY, Nev., Nov. 17, 2020 (GLOBE NEWSWIRE) — Comstock Mining Inc. (the “Company”) (NYSE American: LODE) announced financial updates (unaudited) and strategic highlights for the third quarter and year to date:

Selected Strategic Highlights 

  • Completed the sale of the Lucerne mine to Tonogold Resources Inc. (“Tonogold”) for total cash, stock and debt consideration of approximately $18.8 million, plus Tonogold’s assumption of certain current and future obligations, and recognized a gain on the sale of approximately $18.3 million;
  • Retained Investment in Tonogold share securities valued at $9.7 million at September 30, 2020;
  • Retained Receivable in Tonogold secured note valued at $6.4 million at September 30, 2020;
  • Extinguished its $4.8 million Senior Secured Debenture that was due later this year via a combination of cash proceeds from the Lucerne mine sale and unsecured promissory notes with favorable, extended terms;
  • Installed and commenced the Mercury Clean Up
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How Emerging Demands Of AI-Powered Solutions Help Gain Momentum Of Businesses

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The businesses of today are going through a tremendous digital transformation lead by artificial intelligence (AI) more than any other technology. AI arguably has been the most exciting and ambitious proposition out there for businesses and researchers alike. With IDC forecasting the AI market’s worldwide revenue crossing $300 billion by 2024 with a five-year CAGR at 17.1 per cent, the future certainly looks bright. Though COVID-19 has slowed market pace; the work from home scenario will further catalyze AI’s adoption.

As per the 2019 Mckinsey Global Survey, there has been an approximate 25 per cent year-on-year increase in the use of AI in business operations. Also, a significant number of respondents have agreed on witnessing increased revenue in the AI applied areas of business and

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