Technology
Nvidia rebounds after TSMC says AI chip demand remains strong
Nvidia CEO Jensen Huang delivers a keynote address during the Nvidia GTC Conference at the SAP Center in San Jose, California, on March 18, 2024. Justin Sullivan | Getty Images Nvidia shares rose about 3% during trading on Thursday, rebounding one day after the stock plunged 7% on geopolitical concerns sparked by comments from U.S. […]
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OpenAI debuts mini version of its most powerful model yet
OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. Jason Redmond | AFP | Getty Images OpenAI on Thursday launched a new AI model, “GPT-4o mini,” the artificial intelligence startup’s latest effort to expand use of its popular chatbot. The company called the new release “the most […]
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Amazon Prime Day drives U.S. online sales to record $14.2 billion
An Amazon contract worker pulls a cart of packages for delivery in New York, US, on Monday, April 22, 2024. Angus Mordant | Bloomberg | Getty Images Online spending in the U.S. surged 11% year over year to $14.2 billion during Amazon‘s 48-hour Prime Day event, topping estimates and setting a new record, according to […]
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Bye-bye bitcoin, hello AI: Texas miners leave crypto for next new wave
Cattle graze at the Buffalo Gap Wind Power project in Taylor and Nolan counties just south of Abilene, Texas. Robert Daemmrich | Corbis | Getty Images Just off of Interstate 20, in the heart of West Texas, is a town of 125,000 people called Abilene. Once a stopping point along a cross-country cattle trail in […]
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Socialist AI: Chinese regulators are reviewing GenAI models for ‘core socialist values,’ FT reports
Digital code and Chinese flag representing cybersecurity in China. Anton Petrus | Moment | Getty Images AI companies in China are undergoing a government review of their large language models, aimed at ensuring they “embody core socialist values,” according to a report by the Financial Times. The review is being carried out by the Cyberspace Administration […]
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Ethereum co-founder warns against voting only on ‘pro-crypto,’ a day after a16z founders support Trump
Ethereum co-creator Vitalik Buterin on Wednesday cautioned against voting for political candidates based solely on whether they have adopted a “pro-crypto” stance. “The game of politics is much more complicated than just ‘who wins the next election’, and there are a lot of levers that your words and actions affect,” Buterin wrote in a blog […]
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Anthropic launches $100 million AI fund with Menlo Ventures, ramping up competition with OpenAI
Anthropic and one of its biggest investors are taking a page from Apple’s playbook. The artificial intelligence startup and Menlo Ventures are launching a $100 million fund on Wednesday to back early-stage startups, and get them using the AI company’s technology. Menlo will put up the cash to invest in the startups, while Anthropic will […]
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Global chip stocks from Nvidia to ASML fall on geopolitics, Trump comments
President Joe Biden and his Chinese counterpart Xi Jinping are expected to meet on the sidelines of the Asia-Pacific Economic Cooperation summit in San Francisco in November. Saul Loeb | Afp | Getty Images Global chip stocks fell sharply, with ASML, Nvidia and TSMC posting declines amid reports of tighter export restrictions from the U.S. […]
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Trump says Taiwan should pay the U.S. for defense; shares of chip giant TSMC fall
Former U.S. President Donald Trump speaks during a campaign rally at the Butler Farm Show in Butler, Pennsylvania, on July 13, 2024. Brendan Mcdermid | Reuters Former U.S. President Donald Trump, who is vying for another White House mandate, said he thinks Taiwan should pay the U.S. for defense, claiming that the country “doesn’t give […]
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ASML bookings surge as AI chip demand boosts purchases of its critical semiconductor tools
ASML logo is seen at the headquarters in Veldhoven, Netherlands, June 16, 2023. Piroschka Van De Wouw | Reuters ASML reported second-quarter earnings and sales that beat forecasts, as interest in artificial intelligence chips drives up demand for the Dutch firm’s critical semiconductor making equipment. Here’s how ASML did versus LSEG consensus estimates: Net sales: 6.24 […]
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