Tag: Breaking News: Technology

Nvidia’s AI growth remains strong as data center revenue skyrockets by over 400%

Nvidia’s historic rally is being driven by its data center business, which grew at a whopping 427% in the latest quarter as companies keep snapping up its artificial intelligence processors. Now, Nvidia is signaling to investors that the customers spending billions of dollars on its chips will be able to make money off AI, too. […]

Vivek Ramaswamy acquires stake in BuzzFeed to implement strategic ‘shift’ in direction

Former GOP presidential hopeful Vivek Ramaswamy has an 8% stake in BuzzFeed and is seeking to effect a “shift” in the media firm’s strategy, the investor said Tuesday in a regulatory filing. Ramaswamy’s involvement raises questions about BuzzFeed’s direction as his firm, Strive Asset Management, has pushed companies to stay out of “woke” politics and […]

Former Cisco CEO predicts AI will drive stock market growth for the next ten years

Artificial intelligence (AI) is set to dominate the stock market for the next decade, according to former Cisco CEO John Chambers. In an interview with CNBC at the VivaTech conference in Paris, Chambers stated that AI will not only determine the winners and losers in the tech sector, but also lead to significant returns for […]

Activists considering purchasing Abbott competitor despite baby formula lawsuits

The CNBC Investing Club with Jim Cramer provides valuable insights and updates for investors each weekday with the Homestretch, an actionable afternoon update released just in time for the last hour of trading on Wall Street. The market has been experiencing a period of tight range trading, following a four-week rally that brought major stock […]

Scarlett Johansson accuses OpenAI of stealing her voice

In a recent development in the world of artificial intelligence, Hollywood actress Scarlett Johansson has found herself at the center of a controversial dispute with OpenAI CEO Sam Altman. The issue arose when OpenAI launched its new ChatGPT AI voice software named “Sky”, which bears a striking resemblance to Johansson’s own voice. According to Johansson, […]

New Weight Loss Ads from Hims & Hers Featuring Compounded GLP-1 Injections

Hims & Hers Health, a digital pharmacy startup, has announced the introduction of access to compounded GLP-1 weight loss injections. The company offers a range of direct-to-consumer treatments for conditions like erectile dysfunction and hair loss and launched a weight loss program in December. However, GLP-1 medications such as Ozempic and Wegovy were not previously […]

Microsoft Unveils Latest PCs Featuring AI Chips Developed by Qualcomm

Microsoft recently unveiled new computers with advanced chips designed to optimize artificial intelligence features for Windows software while conserving battery life. Satya Nadella, Microsoft’s Chairman and CEO, introduced the new Surface Laptop and Surface Pro tablet equipped with Qualcomm chips that can handle AI tasks offline. Other major computer manufacturers, including Lenovo, Dell, HP, Asus, […]

Britain’s AI safety institute expands to San Francisco, the home of OpenAI

The British government is taking a significant step in expanding its AI safety efforts by opening a U.S. counterpart to its AI Safety Institute in San Francisco. This move is aimed at solidifying the UK’s position as a global leader in AI and fostering cooperation with the United States in tackling the risks associated with […]

The Year of AI-Enabled Personal Computers

Microsoft’s Build developer conference is set to kick off, giving the company a platform to showcase its latest advancements in artificial intelligence. With high-profile events hosted by OpenAI and Google already making waves in the industry, Microsoft’s focus on AI is timely and strategic. One key advantage that Microsoft holds in the AI race is […]

Blackstone leads $7.5 billion debt financing for AI startup CoreWeave

CoreWeave, a leading artificial intelligence infrastructure startup, has recently secured a significant amount of funding to further invest in its cloud data centers. After raising $1.1 billion in equity funding, CoreWeave has now raised an additional $7.5 billion in debt financing. The lending round was led by Blackstone’s funds, with participation from Coatue, Carlyle, BlackRock, […]

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