CXMT Corp.’s first-half revenue increased nearly tenfold, accompanied by a significant rise in profit, indicative of the heightened demand for AI hardware that has positioned the memory chipmaker as China’s most valuable enterprise. The Hefei-based company’s revenue expanded to 150.3 Read More …
Source reported on Wednesday that Nvidia had agreed to purchase Hugging Face, a repository of open-source AI models, for $12.9 billion. This would be one of the biggest purchases ever made by Nvidia, the company at the heart of the Read More …
Two prominent robotaxi companies are currently functioning on US roads, yet their methodologies diverge.Amazon-backed Zoox has commenced public rides in San Francisco and Las Vegas utilising its purpose-built robotaxis, while Tesla is gearing up to introduce its purpose-built Cybercab into Read More …
While Wall Street vies for positions in the artificial intelligence firm’s market launch, Anthropic PBC is reportedly planning to have Citigroup Inc. as one of the banks engaged in its initial public offering. Sources said the bank will team up Read More …
Just a few years ago, San Francisco epitomised the national narrative of post-pandemic urban decline. Now, propelled by the surge in artificial intelligence, the Golden City and its surrounding areas are rapidly emerging as the most sought-after housing market in Read More …
The US is poised to inform numerous nations that they must align themselves in the ongoing competition in artificial intelligence with China, cautioning that those who choose to endorse Beijing’s alternative framework will be barred from participating in a US-led Read More …
Artificial intelligence represents a transformative technology that is currently reshaping the dynamics of daily life and labour across the globe. Yet AI can also precipitate a market meltdown, a recession – or both. Timing is paramount. Capital is flooding into Read More …
Taiwan’s Foxconn, the largest contract electronics manufacturer globally, announced on Wednesday a 35 percent increase in second-quarter profit, surpassing analyst expectations, attributed to sustained robust demand for AI, which it anticipates will propel growth throughout the year. Net profit Read More …
BlackRock Inc. has entered into an agreement with organised labour aimed at mobilising construction workers for upcoming data centers and energy projects. This initiative represents a continued effort by major investors to highlight the jobs generated, rather than those displaced, Read More …
Despite possessing AI skills and over a decade of management experience in technology, Juan Ruiz has encountered difficulties in securing a job in California, a state renowned for its vibrant tech scene. Ruiz has been seeking a new employment opportunity Read More …
