The FinTech Hub
Source: Live Mint Wall Street stocks declined sharply on Monday, as the surging popularity of a low-cost Chinese artificial intelligence model sparked a selloff in chip giant Nvidia and other Big Tech companies. Nvidia stock crashed over 17 per cent. Among the Big Tech stocks, Microsoft, Meta Platforms and Google-parent Alphabet lost between 2.2 per…
Source: Live Mint Expert view: Anil Rego, Founder and Fund Manager at Right Horizons, believes a significant correction after the Budget 2025 is unlikely. In an interview with Mint, Rego said the Indian stock market has demonstrated resilience, supported by robust investor participation and improving fundamentals. Discussing the impact of Donald Trump’s policies on India,…
Source: Live Mint Mr Trump’s hosting the next day of the launch of “the largest AI infrastructure project in history” shows he grasps the potential. But so does the rest of the world—and most of all, China. Even as Mr Trump was giving his inaugural oration, a Chinese firm released the latest impressive large language…
Source: Live Mint Mumbai (Maharashtra) [India], January 25 (ANI): Foreign Portfolio Investors (FPIs) have been consistently selling their holdings in the Indian stock markets. According to data from the National Securities Depository Limited (NSDL), FPIs sold equities worth ₹19,759 crore during the week from January 20 to January 24. The data further revealed that in…
Source: Live Mint US stock market is heading for its best start for a new American president since Ronald Reagan was sworn in to power in 1985. The benchmark S&P 500 was hovering near record high on Friday. The index is up over 2 per cent this week. Investors’ sentiments got a boost after President…
Source: Live Mint Major US stock indices were muted on Friday, with investors staying cautious ahead of economic data. At the open, the Dow Jones Industrial Average fell 31.3 points, or 0.07%, to 44,533.75. The S&P 500 rose 2.7 points, or 0.04%, to 6,121.43, while the Nasdaq Composite rose 33.4 points, or 0.17%, to 20,087.105….
Source: Live Mint Meta AI chatbot has been embroiled in a controversy after naming Joe Biden as the current President of the United States. Notably, Republican Donald Trump took oath as the 47th US President on 20 January but the AI chatbot from Meta still named his predecessor when asked about the current US President….
Source: Live Mint US stock indices moved in opposite directions on Thursday, as investors focused on corporate earnings and awaited President Donald Trump’s address to World Economic Forum (WEF) in Davos. At 09:49 a.m. ET the Dow Jones Industrial Average rose 77.68 points, or 0.18 per cent, to 44,234.41, the S&P 500 lost 3.29 points, or 0.05…
Source: Live Mint Donald Trump has announced a $500-billion venture called Stargate (the name is inspired by sci-fi) to build AI-focused data centres and other infrastructure in the US. The aim is to lead in AI, create 100,000 jobs, and outpace China. Mint explores the implications for India: What’s Project Stargate all about? It’s a…
Source: Live Mint What is the Stargate Project? Announced on Tuesday, it is a new company that intends to invest $500 billion over the next four years to build new artificial intelligence (AI)-focused data centres across the US. The joint venture among OpenAI, Oracle Corp., SoftBank Group Corp., and MGX, which will begin deploying $100…
