Steve Cohen Not ‘Betting’ on AI—He’s Investing $1 Billion!Steve Cohen is set to launch an artificial intelligence investment fund influenced by the rally of AI-related stocks such as NVIDIA.
Will AI Lead the Future or Become Humanity's Downfall?Generative artificial intelligence, such as ChatGPT, holds tremendous potential. However, it could exacerbate labor disruptions and inequality if not properly managed. Experts emphasize that governments worldwide must put forth more effort to protect workers. According to the Financial Times, the International Monetary Fund (IMF) issued a report on the 17th warning that AI could also […]
Tesla Shifts Gears: Major Expansion in Robotics Set to Skyrocket ValuationElon Musk made several significant announcements at the recent Tesla shareholders’ meeting. Musk shared that his stock option compensation package was reapproved, amounting to approximately $5.6 billion. Additionally, the proposal to relocate the headquarters to Texas was accepted, which is expected to strengthen Musk’s control over Tesla. The proposal received over 80% of the total […]
Meta Indefinitely Postpones AI Chatbot Launch Due to EU SanctionsThe launch of AI on the Meta platform has been postponed due to sanctions posed by the European Union (EU). Meta announced on the 15th that the launch of the Meta AI chatbot in Europe is delayed after the European regulatory authorities denied their plans to train large language models (LLM) with users’ posts. Meta […]
Wall Street Guru: Why Apple's AI Push Could Make You RichSteve Eisman, a well-known Wall Street fund manager and the real-life protagonist of The Big Short, ...
Apple Reigns Supreme: Back at #1 in Market Cap After Latest AI AnnouncementAccording to Reuters, Apple has surpassed Microsoft Corporation (MS) to become the most valuable company in market capitalization as the trading closed on June 13. Apple’s market capitalization has exceeded that of Microsoft Corporation (MS), taking the top spot. This comes after Apple’s stock price rose by 8.8% over four trading days following the announcement […]
AI Fever Boosts NASDAQ: Tech Sector Remains Steady and StrongAnalyses are suggesting that there are no signs of overheating in the IT sector, which is leading the rally of the U.S. stock market in New York. In anticipation of a decrease in the benchmark interest rate, the S&P 500 and Nasdaq Composite are breaking new records. In particular, the Nasdaq index took advantage of […]
Did You See That? Fake Video of Trump Dissin' Japanese PM Is Blowing UpA fake video of Donald Trump criticizing the Japanese Prime Minister is spreading on X and other social media platforms.
YouTube Finally Tests THIS Function for Shorts: What You Need to Know!PhoneArena reported that YouTube is expanding its testing of the AI summarizer, initially launched last year, to include Shorts.
Brazilian Phone Users to Get First Dibs on Google's AI Anti-Theft FeatureOn the 11th, Google announced that Brazil will be the first country to test the anti-theft feature for Android phones.
Anticipating NVIDIA's Next Big Leap: The $5 Trillion Market CapIt has been predicted that NVIDIA’s market capitalization will surpass $5 trillion next year. The success of the soon-to-be-launched artificial intelligence (AI) chip platform, Blackwell, is expected to be a significant turning point. Louis Navellier, Chief Investment Officer (CIO) of Navellier & Associates, predicted on the 11th (local time) that NVIDIA’s market capitalization will exceed […]
UAE Backs US Restrictions on Semiconductors Exports To ChinaThe United Arab Emirates has supported the U.S.'s export restrictions on large-scale AI accelerators to Middle Eastern countries.
Unlock New iPhone Capabilities with iOS 18Apple announced a significant improvement in user convenience and an enhancement of artificial intelligence features through the iOS 18 update at the World Developers Conference (WWDC 24) on June 10. Apple Intelligence AI will be incorporated in iOS 18 and is set to be installed in the iPhone 16. The new iPhone is expected to […]
AI vs. Humanity: UN Security General Urges Action to Prevent AI-Powered Nuclear WarUN Secretary-General has warned that the advancement of artificial intelligence (AI) technology could exacerbate the threat of nuclear war.
China Pours Billions into AI, But Can It Catch Up with the U.S.?China is engaged in a power struggle with the United States in various industries and has announced astronomical support for AI.
From Chips to Chassis: How Nvidia and Foxconn Are Reshaping Auto ProductionTaiwan’s Hon Hai Technology Group (Foxconn) announced plans to construct an advanced computing center in Kaohsiung, centered around the Nvidia Blackwell platform. The computing center will feature the Superchip GB200 server, which will comprise a total of 64 racks and 4,608 GPUs, with completion slated for 2026. Foxconn and Nvidia plan to introduce a platform […]
Xi Jinping Unveils Major Tech and Space Collaboration with Arab NationsDuring the 10th China-Arab States Cooperation Forum Ministerial Meeting in Beijing, China on May 30, President Xi Jinping proposed a five-point cooperation framework for the future advancement of China and Arab nations. Xi first announced that China and the Arab countries will establish ten joint research institutes in fields such as life and health, artificial […]
Elon Musk Denies Diverting AI Chips from Tesla, Expects $3-4 Billion Spend on Nvidia HardwareCEO Elon Musk announced in a post on X on Tuesday that Tesla is expected to spend between $3-4 B on hardware from Nvidia this year.
China's Top Tech Talent Chooses U.S. Over Home - Here's Why90% of Chinese talents who earned their Ph.D. in AI and semiconductors from US universities have chosen to remain in the US.
Microsoft's $3.2 Billion Nordic Bet: AI and Cloud Expansion Across ScandinaviaMicrosoft has been working to promote the adoption of AI not just in Sweden but across all of Northern Europe.
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