The 2023 bull market, led by large-cap tech stocks, changed momentum this year to benefit smaller companies due to several economic trends, like the slowing rate of inflation growth that is driving up bets on a September rate cut by the US Federal Reserve. According to TipRanks, Goldman Sachs chief US equity strategist David Kostin … Read more
Elon Musk’s brain-chip startup said Wednesday that its first-ever implant has malfunctioned. Neuralink’s brain-computer interface, known as a BCI, was implanted into 29-year-old patient Nolan Arbaugh’s brain back in January. Designed to help patients with paralysis control external technology using only their mind, Arbaugh — who is paralyzed from the shoulders down due to a … Read more
The fund will underpin promising start-ups in the fields of artificial intelligence, biotechnology and semiconductors, and is expected to attract more technology firms to Shanghai, the municipal government said in a statement on Friday. The local state-owned assets watchdog will be responsible for the fund’s establishment and operations. It will be the city’s largest government-backed … Read more
The first human to have a Neuralink computer chip surgically implanted in his brain demonstrated how he uses his thoughts to move a computer cursor around a screen to play online chess and toggle on and off a music stream. Noland Arbaugh, a 29-year-old man who is paralyzed from the shoulders down due to a … Read more
The US should review Chinese biotech firm Wuxi AppTec and its affiliate Wuxi Biologics for sanctions, a bipartisan group of lawmakers told top Biden administration officials on Monday. In a letter dated February 12 and seen by Reuters, the lawmakers told Treasury Secretary Janet Yellen, Defence Secretary Lloyd Austin and Commerce Secretary Gina Raimondo that … Read more
