Tag: SOFW
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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 […]
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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 […]
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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, […]
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India’s technology minister plans to meet with startups on the impact of the SVB
MUMBAI, March 12 (Reuters) – India’s technology minister said on Sunday he will meet with start-ups this week to assess the impact on them of the collapse of Silicon Valley Bank (SIVB.O) as concerns mount over the consequences for the Indian start-up sector. California banking regulators closed Silicon Valley Bank (SVB) on Friday after a […]
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SVB is the largest bank failure since the 2008 financial crisis
California regulator closes SVB, appoints FDIC as trustee SVB focused on lending to start-ups; branches open again on Monday FDIC to Sell Bank Assets; ‘chaos’ reported amid shooting Bank stocks fall in US, Europe, but well from lows Crisis exposes banks’ ‘vulnerabilities’ amid rising interest rates March 10 (Reuters) – Startup-focused lender SVB Financial Group […]
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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 […]
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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 […]
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SoftBank’s Arm aims to raise at least $8 billion in US IPO, sources say
NEW YORK, March 5 (Reuters) – Arm Ltd, the British chip designer owned by Japan’s SoftBank Group Corp (9984.T), is likely to look to raise at least $8 billion from what is expected to be a blockbuster in the US stock market be this year, people familiar with the case said Sunday. Arm is expected […]
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Wall Street rally, on course for weekly gains as Treasury yields fall
Indexes set for weekly gains S&P 500 breaks through 50-day moving average Indexes up: Dow 0.85%, S&P 1.29%, Nasdaq 1.66% NEW YORK, March 3 (Reuters) – Wall Street moved ahead on Friday towards the end of an up and down week as US Treasury yields fell and economic data helped investors see past the growing […]
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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 […]