On Tuesday, Nvidia Corp.’s shares tumbled after Intel presented its Gaudi 3 artificial intelligence (AI) chip, which tops the NVDA H100. The stock of the Silicon Valley-headquartered company slumped more than 5.00% before settling 2.04% lower at $853.54 per share on April 09. It also shed 0.74% after-hours, with analysts anticipating a 1.34% decline to …
Nvidia Stock Plummets After Intel Unveiled New AI Chip Read More »
On Tuesday, oil prices fell after the EIA reported US output set a global all-time high last year, and the market awaits upcoming inflation data. The US West Texas Intermediate (WTI) petroleum futures for April delivery shed 0.47% to $77.56 per barrel on March 12. Nevertheless, industry watchers predict a 0.53% recovery to $77.97 a …
Oil Dips Ahead of US Inflation Data, EIA Report for 2023 Read More »
Rivian Automotive (RIVN) shares sank on Friday for the fifth straight session after the Union Bank of Switzerland’s (UBS) rating downgrade. The stock dropped 12.05% to $10.07 per share on February 23 but recovered slightly by 0.60% after-hours. Nevertheless, analysts anticipate a 3.91% dip to $9.68 apiece in the coming market session. The American electric …
Jeff Bezos, the founder of Amazon, made waves in the financial world with his recent sale of $6 billion worth of Amazon stock. This significant transaction was not a spur-of-the-moment decision but rather part of a well-thought-out plan. Bezos’ strategic approach to managing his wealth is evident in his careful planning and consideration of various …
Jeff Bezos Sells $6 Billion of Amazon Stock: A Strategic Financial Move Read More »
On Wednesday, OpenAI announced plans to add memory functionality to ChatGPT to grant the AI automatic personalization capabilities. The artificial intelligence (AI) research organization recognized that repeatedly entering prompts can make using generative AI (GenAI) programs a hassle. Hence, it is working on allowing the Chat Generative Pre-trained Transformer (ChatGPT) to remember user information through …
OpenAI Adds Memory to ChatGPT for Better AI Personalization Read More »
Microsoft has unveiled an ambitious plan to provide artificial intelligence (AI) skills to 2 million individuals in India by next year. The initiative, ADVANTA(I)GE INDIA, seeks to expedite India’s AI evolution and prepare its workforce for future employment opportunities. As a component of Microsoft’s broader Skills for Jobs initiative, the announcement aligns with the company’s …
Microsoft Plans to Train 2 Million People in AI by 2025 Read More »
Asian stocks were mainly in the green on Thursday, following a surge in Wall Street, but Chinese markets struggled to maintain gains after the country’s consumer price index (CPI) added to the potential for deflationary pressures and continued deceleration in the world’s second-largest economy. MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.03% while …
Asian Stocks Post Gains Amid China’s Ongoing Deflation Woes Read More »
On Wednesday, Cocoa extended its win streak to nine sessions as the Ivory Coast and other top producers suffered a supply crunch due to El Niño. US cocoa March futures surged 3.96% to $5,426.50 per metric ton (MT) on February 07, setting a seventh consecutive all-time high. Moreover, industry watchers predict a 1.41% lift to …
Cocoa Soars as El Niño Triggers Ivory Coast Supply Crunch Read More »
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