A jogger runs by the U.S. Capitol as the deadline to avert a partial government shutdown approaches at the end of the day on Capitol Hill in Washington, U.S., September 30, 2023. Ken Cedeno | Reuters BEIJING — The U.S. Congress increasingly has its eye on American capital that’s allegedly funded China’s military development, indicating that greater … Read more
Nvidia CEO Jensen Huang told CNBC’s Jim Cramer the artificial intelligence powerhouse is making humanoid robots because much of the data used to train them comes from the human form itself. “We’re in a world where, in order to write a software for a computer, we use data, or training examples, and the computer learns … Read more
Nvidia CEO Jensen Huang told CNBC’s Jim Cramer on Tuesday that investments in artificial intelligence computing remain in the early innings, predicting years of growth ahead as the technology affects a range of industries including health care. “We’re in the beginning of this AI computing ramp,” he said. “And we’re in the beginning of the … Read more
A photovoltaic module company in Hefei, Anhui province, on Feb. 20, 2024. Future Publishing | Future Publishing | Getty Images BEIJING — Trade tensions between Europe and Beijing will likely escalate due to China’s growing ability to manufacture more cheaply in strategic industries, according to Jens Eskelund, president of the European Union Chamber of Commerce … Read more
BEIJING, CHINA – MARCH 04: Chinese national flags flutter at the Great Hall of the People as the second session of the 14th National Committee of the Chinese People’s Political Consultative Conference (CPPCC) opens on March 4, 2024 in Beijing, China. (Photo by VCG/VCG via Getty Images) Vcg | Visual China Group | Getty Images … Read more
CNBC’s Jim Cramer on Monday said he believes Nvidia will revolutionize enterprise. “The sum of all that Nvidia’s doing will indeed create the next industrial revolution, because Nvidia’s about the speed with which we can arrive at smarter, better answers,” he said after attending the company’s conference in San Francisco. Cramer reaffirmed his belief that … Read more
High-rise residential and commercial buildings are being constructed near Dongyu Road, Qiantan, in the Pudong New Area of Shanghai, China, on March 15, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — China on Monday reported economic data for the first two months of the year that beat analysts’ expectations. Retail sales rose 5.5%, better … Read more
Bitcoin may start to lose its reputation as a volatile asset. According to Bitwise Asset Management’s Matt Hougan, the cryptocurrency’s wild price swings have come down substantially over the past decade. “What’s driving the bitcoin market right now is a simple demand-supply imbalance,” the firm’s chief investment officer told CNBC’s “ETF Edge” on Monday. “We … Read more
A currency dealer monitors exchange rates in a trading room at KEB Hana Bank in Seoul, South Korea. Jung Yeon-Je | AFP | Getty Images South Korea’s financial regulator will look at speeding up the corporate reforms proposed last month and could reportedly add newer measures, after market players voiced concerns the announced steps might … Read more
Nio holds a product event in Shanghai on Sept. 21, 2023. Evelyn Cheng | CNBC BEIJING — Chinese premium electric car company Nio said Thursday it plans to reveal its mass market brand in May. Executives confirmed the new brand will be named “Le Dao” in Chinese, and said the name is meant to reflect … Read more
