China’s tech industry has hailed Beijing’s latest strategy to widely apply artificial intelligence to economic and social enterprises amid hopes the move could boost market prospects for local suppliers of chips, servers and AI solutions. Beijing’s decision to implement AI in research, industry and consumption has further boosted confidence in the sector, particularly in computing…
(Reuters) -China’s chipmakers are seeking to triple the country’s output of artificial intelligence chips in 2026, rushing to reduce dependence on Nvidia, the Financial Times reported on Wednesday. Huawei aims to begin production at a plant dedicated to making AI chips by year end, with two more facilities set to launch in 2026, the newspaper…
Nvidia’s earnings aren’t just about Nvidia anymore. The $4 trillion chipmaker’s quarterly financials have become a litmus test for the AI boom—and, by extension, for the whole stock market. Constituting 8% of the market cap-weighted in S&P 500 Index and with an unrivaled grip on the chips that power generative AI, Wall Street now treats…
Library e-book and audiobook app Libby is adding AI, much to the disappointment of some readers and librarians, who would prefer not to have AI inserted into their favorite apps. The new feature, “Inspire Me,” allows users to get book recommendations by using prompts or from their previously saved titles in Libby. To use the…
Workday, Inc. (NASDAQ:WDAY) is one of the Trending AI Stocks on Wall Street. On August 22, RBC Capital analyst Rishi Jaluria reiterated an Outperform rating on the stock with a $340.00 price target following the company’s modest Q2 beat. Even though the company reported a modest beat, it only reiterated subscription revenue guidance (excluding Paradox), which…
Since buying stock in China’s robotics firms over the last year – companies emerging as global industry leaders – David Choi, a South Korean investor in his early 30s, has been riding a wave of strong gains. He is not alone. Many South Korean investors have begun exploring positions in Chinese equities, particularly in rapidly…
Google’s Artificial Intelligence overview system promoted outlandish rumors about the funeral of Jeff Bezos’ mother before the small ceremony even occurred — including that rapper Eminem performed and Elon Musk made an appearance, according to a report. Bezos’ mother, Jacklyn Gise Bezos, died on Aug. 14 after a long fight with Lewy body dementia, the…
Elon Musk on Monday targeted Apple and OpenAI in an antitrust lawsuit alleging that the iPhone maker and the ChatGPT maker are teaming up to thwart competition in artificial intelligence. The 61-page complaint filed in Texas federal court follows through on a threat that Musk made two weeks ago when he accused Apple of unfairly…
Billionaire entrepreneur Elon Musk’s artificial intelligence startup xAI sued Apple and ChatGPT maker OpenAI in U.S. federal court in Texas on Monday, accusing them of illegally conspiring to thwart competition for artificial intelligence.Apple and OpenAI have “locked up markets to maintain their monopolies and prevent innovators like X and xAI from competing,” the lawsuit said.The…
Bloomberg News is now tracking the daily gyrations and cumulative impact of Donald Trump’s second term on stocks, the dollar, 10-year Treasury notes, gold and Bitcoin. Click here to see the tracker . Traders are breathing easier heading into this week after Federal Reserve Chair Jerome Powell indicated that interest rate cuts are coming. The…