Cerebras Systems, a startup competing with industry leader Nvidia for a slice of the lucrative AI chip market, said late on Monday its revenue surged more than threefold in 2023, in a filing to go public in the U.S. Initial public offerings in the U.S. have bounced back in 2024 after a two-year dry spell, … Read more
If you’re the type of person who feels one trillion dollars is too much money for any single human to have, and you feel Elon Musk doesn’t deserve all the money he already has, then I’ve got some bad news for you. Thanks to six companies Musk currently leads – Tesla, SpaceX, X, xAI, The … Read more
Is Tesla a car company or a tech company? It’s a question not even analysts on Wall Street can agree on. CEO Elon Musk seems to split the difference between the two, and it’s hard to argue the cars his companies build aren’t more tech-forward (for better or worse) than most other cars currently for … Read more
Arnab Das, Global Macro Strategist, Invesco EMEA, says an industrial revolution is taking place within which AI has a very important role, That is going to continue. There is possibly a significant amount of hype, and maybe some over-hyping around it. Nevertheless, it is an important change. It is, eventually going to increase productivity and … Read more
Stocks in Asia opened lower following a sluggish day on Wall Street, as traders look to Nvidia Corp.’s results for clues on whether the artificial-intelligence euphoria that’s powered the bull market has more room to run. Equity benchmarks in Japan and Australia edged down Wednesday, while contracts for US shares were also lower. With the … Read more
Asian shares crept cautiously higher on Monday, while the dollar and bond yields were on the wane ahead of inflation data that investors hope will pave the way for rate cuts in the United States and Europe. Oil prices climbed 0.7% after Israel and Hezabollah traded rocket salvos and air strikes on Sunday, stirring worries … Read more
Tesla is a car company, no matter what Elon and his army of Long $TSLA hodlers will tell you. Artificial intelligence, or the fancy machine learning models and response generators often referred to as AI, is proving (at least in the short term) to be an expensive boondoggle aimed at replacing workers with computers. If … Read more
In response to the suits, defendants such as Meta, OpenAI, and Bloomberg have argued that their actions constitute fair use. A case against EleutherAI, which originally scraped the books and made them public, was voluntarily dismissed by the plaintiffs. Litigation in remaining cases remains in the early stages, leaving the questions surrounding permission and payment … Read more
Generative artificial intelligence (AI) has become the latest buzzword across industries and businesses. Most agree that it is going to revolutionise businesses. Yet serious questions hang over its uses and impact. A KPMG survey in the US found executives expect Generative AI to have an enormous impact on business, but most say they are unprepared … Read more
Nvidia Corp. shares entered correction territory on Monday, as an ongoing selloff erased a historic amount of value for the AI-focused chipmaker. The stock fell 6.7%, its third straight negative session and biggest one-day percentage drop since April. The three-day drop erased about $430 billion from Nvidia’s market capitalization, the biggest three-day value loss for … Read more
