OpenAI is working with Broadcom to develop a new artificial intelligence chip specifically focused on running AI models after they have been trained, according to two people familiar with the matter. The AI start-up and chipmaker are also consulting Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest chip contract manufacturer, said the people, who asked … Read more
Conservative comedian Alex Strenger was escorted away after he asked Democratic Congresswoman Nancy Pelosi which stock to buy as she signed copies of her new book, “The Art of Power,” at the Texas Tribune Festival in Austin on September 8. Strenger posed as a Democrat, wearing a face mask and a Bernie Sanders baseball cap, … Read more
The AI-driven market rally is navigating a big selloff amid weak US jobs and Q2 earnings reports, rising geopolitical tensions that threaten global supply chains, and a lack of clarity on how massive investments in AI translate to profit for investors and end-users. It is natural for investors who witnessed over 700% gains from just … Read more
Former hedge fund manager and host of the CNBC show “Mad Money,” Jim Cramer, strives to help people think like professional investors and, in early July, named several companies that can reach a market capitalisation of $1 trillion. Cramer nominated pharma giant (1) Eli Lilly (NYSE: LLY) and (2) EV maker Tesla (NASDAQ: TSLA) as … Read more
According to the alternative data platform Quiver Quantitative, replicating Nancy Pelosi’s stock trades would have yielded returns exceeding 720% since May 2014. Despite these impressive returns, the former House Speaker continues to face criticism for alleged insider trading and the potential introduction of new trade ban rules for Congress members. Many have speculated that the … Read more
New York Mets owner and billionaire investor Steven A. Cohen moves with speed and agility when it comes to investing. Cohen’s high-risk, high-reward investing approach has earned him a personal wealth of $19.8 billion. He is the founder of the now-defunct and one of the most successful hedge funds, SAC Capital Advisors, which was charged … Read more
“Our customers, first and foremost, are asking for choice in the industry,” said Intel vice-president, strategy and product management Jeni Barovian. “They are coming to us and they are expecting that Intel, as a computing leader, will follow the wave of (generative AI) and deliver solutions that meet their needs. And they are looking for … Read more
Broadcom said on Thursday it expects US$10 billion in revenue from chips related to artificial intelligence (AI) this year, but its stock dipped after the tech company’s full-year forecast failed to impress investors. Smaller rival Marvell Technology’s forecast revenue below market expectations, sending its stock down over 6 per cent in extended trading. Both companies … Read more
