Amazon Accelerates Development of AI Chips to Challenge Nvidia Dominance
Amazon Web Services (AWS), the cloud computing arm of the tech giant Amazon, has intensified its efforts to produce artificial intelligence (AI) chips that could rival those of Nvidia, currently…
Artificial Intelligence Implementation in Trading and Investing
In the financial world, where split-second decisions can mean the difference between profit and loss, artificial intelligence (AI) has emerged as a revolutionary tool. The implementation of AI in trading…
Aramco’s Venture Arm Invests $100 Million in AI
In a significant move to enhance its technological portfolio and support the burgeoning field of artificial intelligence, Saudi Aramco’s venture arm, Wa’ed Ventures, has announced an allocation of $100 million…
Perplexity AI Seeks $500M Funding at $8B Valuation
Perplexity AI, a rising player in the artificial intelligence space, is reportedly seeking to raise $500 million in new funding, which would bring the company’s valuation to an impressive $8…
Microsoft May Gain Significant Equity in Restructured OpenAI
Microsoft could soon hold a substantial equity stake in OpenAI as part of the company’s shift to a more traditional, for-profit structure. OpenAI, originally founded as a non-profit with the…
Nearly 50% of Swiss Banks Embrace Tokenization Initiatives
In a recent survey, almost half of Swiss banks revealed plans to adopt tokenization as part of their financial strategies. Tokenization, the process of converting assets into digital tokens on…
The Surge in AI Chipmaking Stocks: Investing in the Future of Technology
As artificial intelligence (AI) continues to revolutionize industries from healthcare to automotive, the demand for specialized hardware to run complex AI algorithms has skyrocketed. This has led to a significant…
Apple Loses Ground to Huawei in China’s Smartphone Market
In a significant shift within the world’s largest smartphone market, Apple Inc. is facing intense competition from domestic giant Huawei Technologies Co., as recent market analyses indicate a decline in…