Oracle Corp. shares surged to a record after the company gave an aggressive outlook for its cloud business, stunning Wall Street and galvanizing hopes that the post-ChatGPT global AI infrastructure build-out is accelerating. The company is on track to add about $200 billion to its market value if the stock’s 30% premarket gain holds through…
By Max A. Cherney SAN FRANCISCO (Reuters) -Arm Holdings said on Tuesday it was launching its next-generation set of chip designs called Lumex that it has optimized for artificial intelligence to run on mobile devices such as smartphones and watches without accessing the internet. Called Lumex, the new generation of Arm mobile designs come in…
This article first appeared on GuruFocus. Sep 9 – Artificial intelligence (AI) stocks stayed in the spotlight Tuesday as Nebius Group (NASDAQ:NBIS) unveiled a multibillion-dollar contract with Microsoft (NASDAQ:MSFT) while investors looked ahead to Oracle’s (NYSE:ORCL) quarterly results. Nebius said it struck a $17.4 billion deal to supply AI infrastructure to Microsoft over the next…
Visitors interact with a Unitree humanoid robot at a sci-tech museum in Jinhua, Zhejiang province, on July 27. HU XIAOFEI/FOR CHINA DAILY Editor”s note: As artificial intelligence reshapes industries and societies worldwide, China’s rapid rise to the forefront of AI development has attracted global attention. Yang Shanlin, an academician at the Chinese Academy of Engineering,…
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In The News CSET’s Cole McFaul shared his expert analysis in an article published by the South China Morning Post. The article examines how China’s military is systematically incorporating artificial intelligence into its operations by leveraging civilian universities and private companies under its sweeping “military-civil fusion” strategy. Read Article Source link
Beijing, China on Monday unveiled a new plan to accelerate the integration of artificial intelligence with the energy sector to achieve breakthroughs in key technologies such as data, computing power and algorithms. The plan was announced even as the new data shows the numbers of AI firms in the country surged to 5000 from 1400…
When asked to choose who he trusts more between Tesla CEO Elon Musk and OpenAI chief executive Sam Altman, AI “godfather” Geoffrey Hinton offered a different kind of answer. The choice seemed so difficult that Hinton didn’t use an analogy from science. Instead, he recalled a quote from Republican Senator Lindsey Graham, when asked to…
The S&P 500 Index retreated from Thursday’s record as declines in Nvidia Corp. and other tech megacaps offset a rally in Broadcom Inc. that had earlier led tech and chip stocks higher. The S&P 500 fell 0.3% after hitting an intraday record early in the session. The Nasdaq 100 Index rose 0.1%. A gauge of…
Shares of computer processor maker AMD (NASDAQ:AMD) fell 5.3% in the afternoon session after the company was downgraded by Seaport Research due to concerns about slowing growth in its artificial intelligence (AI) business. The investment firm lowered its rating on the chipmaker to Neutral from Buy, with no price target, based on recent supply chain…