Tag: ITSE08

  • Nvidia announces technology to accelerate chip design at AI conference

    March 21 (Reuters) – Nvidia Corp. (NVDA.O) Chief Executive Jensen Huang unveiled a new product on Tuesday to accelerate semiconductor design as it rolled out a range of new artificial intelligence technologies based on its chips and software. Huang made the remarks at GTC, the company’s annual conference for software developers. Analysts look forward to […]

  • Cryptoverse: Bitcoin passes bank stress test

    21 March (Reuters) – As the crisis haunts the traditional world of stocks and bonds, bitcoin suddenly looks like a safe haven. The notoriously volatile cryptocurrency seems positively healthy and savory, just as a banking collapse drives markets into the arms of a recession. Bitcoin is up 21% this month, while a choppy S&P 500 […]

  • Wall St Week Ahead: Declining Bond Yields Bolster Equities Allure Ahead of Fed Meeting

    NEW YORK, March 17 (Reuters) – US equities have gained an unexpected ally in recent days: a historic fall in bond yields. U.S. Treasury yields fell sharply this week, with some maturities marking the biggest declines in decades, as investors bet the Federal Reserve is likely to curb its aggressive rate hike to prevent the […]

  • China’s answer to ChatGPT? Baidu shares tumble as Ernie Bot disappoints

    Ernie’s launch comes as Google, Microsoft step up AI game Baidu shares tumble as CEO gives short video presentations Analysts say scripted event, pre-recorded videos disappointed Ernie can do math, write poems, generate images and video BEIJING/HONG KONG, March 16 (Reuters) – China’s Baidu on Thursday unveiled its long-awaited AI-powered chatbot known as Ernie Bot, […]

  • Meta to cut 10,000 jobs in second round of layoffs

    March 14 (Reuters) – Facebook parent company Meta Platforms (META.O) said on Tuesday it would cut 10,000 jobs, the first Big Tech company to announce a second round of mass layoffs as the industry braces for a deep economic downturn. Meta shares rose 6% on the news. The widely anticipated job cuts are part of […]

  • HSBC bails out the British branch of stricken Silicon Valley Bank

    US authorities support savers The UK deal puts an end to frenetic weekend talks UK Chancellor of the Exchequer: Deposits safe LONDON, March 13 (Reuters) – HSBC (HSBA.L) on Monday bought the UK branch of stricken Silicon Valley Bank for a token pound, bailing out a major lender to Britain’s technology start-ups and mitigating the […]

  • Microsoft integrates AI behind ChatGPT for more developer tools

    March 6 (Reuters) – Microsoft Corp. (MSFT.O) on Monday bundled the technology behind ChatGPT with its Power Platform that allows users to develop applications with little or no coding, the latest integration of artificial intelligence into its products. Major tech companies, from Alphabet Inc (GOOGL.O) to Baidu Inc (9888.HK), are accelerating the integration of generative […]

  • Wall St climbs as lower Treasury yields push mega-cap stocks higher

    Apple surges as GS coverage begins ‘buy’ rating Chinese ADRs fall after Beijing’s modest 5% growth target Crypto Stocks Drop as Silvergate Suspends Payment Network Indexes up: Dow 0.18%, S&P 0.24%, Nasdaq 0.28% March 6 (Reuters) – US stock indices rose on Monday as Treasury bond yields fell further ahead of Federal Reserve Chairman Jerome […]

  • AI stocks soar as investors bet on growth prospects

    March 3 (Reuters) – Shares of artificial intelligence-based (AI) product makers zoomed in on Friday as a strong forecast from retail darling C3.ai Inc (AI.N) reinforced a continued euphoria in the segment driven by the launch of OpenAI’s ChatGPT . C3.a1 forecast better-than-expected revenue and earnings for both the fourth quarter and fiscal year 2023 […]

  • Musk: ‘AI causes me stress’

    DETROIT, March 1 (Reuters) – Elon Musk has often clashed with securities regulators and road safety authorities, but there is one area the government should regulate now, according to the Tesla and Twitter chief: artificial intelligence. “AI is stressing me out,” Musk said toward the end of a more than three-hour presentation to Tesla investors […]