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Source: Live Mint US stock indices edged higher on Tuesday after previous session’s sharp losses amid a tech-led selloff. As of 10:20 am Eastern time, the S&P 500 was 0.3 per cent higher. The Dow Jones Industrial Average was up 0.3 per cent and the Nasdaq Composite was 0.8 per cent higher. At the opening…
Source: Live Mint US stock indices opened higher on Tuesday after previous session’s sharp losses. At the opening bell, the Dow Jones Industrial Average rose 42.8 points, or 0.10%, to 44,756.36. The S&P 500 rose 14.7 points, or 0.24%, to 6,026.97, while the Nasdaq Composite rose 76.4 points, or 0.39%, to 19,418.219. Nvidia and other…
Source: The Verge The rise of generative AI has been powered by Nvidia and its advanced GPUs. As demand far outstrips supply, the H100 has become highly sought after and extremely expensive, making Nvidia a trillion-dollar company for the first time. It’s also prompting customers, like Microsoft, Meta, OpenAI, Amazon, and Google to start working…
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 DeepSeek’s AI model surpasses ChatGPT downloads on Apple’s app store Leveraged ETFs with Nvidia exposure experience significant losses and volatility Market adjusts to AI competition, impacting institutional and retail investors Investors had been sellers of leveraged Nvidia ETFs prior to Monday Jan 27 (Reuters) – Prices of exchange-traded funds with outsize exposure…
Source: Live Mint Chinese AI startup DeepSeek has challenged the dominance of top AI companies with its latest large language models, which offer similar performance to the latest offerings from Meta or OpenAI, but at a fraction of the cost. DeepSeek’s free app has also taken over ChatGPT on Apple’s App Store in several regions…
Source: Live Mint WHEN SAM ALTMAN, boss of OpenAI, posted a gnomic tweet this month saying “There is no wall,” his followers on X, a social-media site, had a blast. “Trump will build it,” said one. “No paywall for ChatGPT?” quipped another. It has since morphed from an in-joke among nerds into a serious business…
Source: Live Mint The Joe Biden administration has unveiled sweeping curbs on the sale of advanced AI chips by semiconductor companies including Nvidia Corp. The new rules will limit the number of AI chips that can be exported to most countries. It will allow unlimited access to US AI technology for America’s closest allies, while…
Source: Live Mint 1. Smarter AI models will intensify AGI fears “Lata has three apples and buys five more. How many does she have now?” Even a 5-year-old can answer eight. Similarly, GenAI models solve this using ‘chain of thought’ reasoning: “Lata starts with three apples. She buys five more, so 3 + 5 =…
Source: Live Mint Wall Street Today: The US stock markets opened higher on January 6, as investors remain optimistic about the artificial intelligence technology fueling the tech stock gain on Monday. At 9:30 am (EDT), the stock markets for the United States opened higher, with the Dow Jones Industrial Average gaining 0.24 per cent to…
