Homechevron_rightArchiveschevron_rightBusiness and Economy

Archives

Explore Stories by Date

25 Nov 2024

Nvidia's AI Dominance Challenged: Competitors and Investors Eye Future Growth

As Nvidia continues to lead the AI chip market, competitors like AMD and Amazon are ramping up efforts to capture market share. Investors debate Nvidia's valuation and future growth prospects in the evolving AI landscape.

17 Sources

Billionaire Ken Griffin's Citadel Makes Major Shifts in AI Investments

Ken Griffin's Citadel hedge fund has made significant changes to its AI-related investments, selling large stakes in some tech giants while increasing positions in others, signaling potential shifts in the AI market landscape.

5 Sources

Former BP CEO Bernard Looney Joins AI Data Center Startup Prometheus Hyperscale as Chairman

Bernard Looney, former CEO of BP, has been appointed as chairman of Prometheus Hyperscale, a startup planning to build a $10 billion AI data center in Wyoming. The move highlights the growing intersection between energy and AI industries.

4 Sources

23 Nov 2024

Nvidia CEO Jensen Huang Emphasizes Global Cooperation in AI Amid Potential Trump Administration Restrictions

Nvidia CEO Jensen Huang discusses the future of AI development and global cooperation in technology, addressing concerns about potential restrictions under a new Trump administration while highlighting China's contributions to the field.

8 Sources

AI-Powered Meme Coins and Bitcoin Surge Amid Trump's Pro-Crypto Stance

The cryptocurrency market is experiencing a new wave of enthusiasm, driven by AI-powered meme coins and Bitcoin's resurgence. This surge is attributed to Donald Trump's pro-crypto policies and Elon Musk's influence, with AI playing a significant role in the creation and promotion of new digital currencies.

2 Sources

Palantir Executives Sell Millions in Stock Amid Strong AI-Driven Growth and Strategic Shifts

Multiple Palantir Technologies executives, including the CTO and CFO, have sold significant amounts of stock. The company reports strong AI-driven growth, plans to switch to Nasdaq, and faces mixed analyst reactions.

5 Sources

AI Chip Startup MatX Secures $80M in Series A Funding, Challenging NVIDIA's Dominance

MatX, founded by former Google engineers, raises $80 million in a Series A round led by Spark Capital, valuing the company at over $300 million. The startup aims to develop AI chips that outperform NVIDIA's GPUs in large language model processing.

2 Sources

US Energy Infrastructure Firms Poised for Record Gains Amid Surging AI Power Demand

U.S. energy infrastructure companies are experiencing unprecedented growth, driven by investor interest in stable returns and increasing power demand from AI technologies. The sector's fixed-fee model and strategic position in meeting future energy needs are attracting both institutional and retail investors.

2 Sources

Lightricks Unveils Open-Source AI Model for Real-Time Video Generation

Lightricks launches LTX Video (LTXV 0.9), an open-source AI model capable of generating high-quality video clips in near real-time, challenging proprietary AI systems and democratizing advanced video creation.

4 Sources

LinkedIn Co-Founder Reid Hoffman Warns of Potential Conflicts in Trump's AI Policies

Reid Hoffman expresses concerns about Elon Musk's influence on AI policies in the incoming Trump administration, highlighting potential conflicts of interest and the impact on U.S. technological competitiveness.

2 Sources

Amazon Deepens AI Partnership with Anthropic, Investing Additional $4 Billion

Amazon has expanded its collaboration with AI startup Anthropic, investing an additional $4 billion and designating AWS as Anthropic's primary cloud and training partner. This move strengthens Amazon's position in the competitive AI market.

41 Sources

Intel Study Reveals Productivity Paradox of AI PCs: Initial Challenges and Future Potential

A recent Intel-commissioned study highlights the current productivity challenges of AI PCs while emphasizing their future potential, sparking debates about the impact of AI integration in personal computing.

3 Sources

Nvidia's AI Chip Dominance: $10 Billion+ Spent by Each of Three Mystery Customers

Nvidia's Q3 revenue soars to $35.1 billion, with 36% coming from just three unidentified customers. This concentration highlights both Nvidia's market dominance and potential risks in the AI chip industry.

3 Sources

Spain Honors AI Pioneer Professor Marcos López de Prado with Royal Order of Civil Merit

Professor Marcos López de Prado, a board member of ADIA Lab and a pioneer in AI applications in finance, receives the Officer's Cross of the Royal Order of Civil Merit from Spain, recognizing his contributions to science and the global investment industry.

2 Sources

ServiceNow Stock Soars to All-Time High Amid AI-Driven Growth and Strategic Partnerships

ServiceNow's stock reaches a record $1061.88, driven by strong financial performance, successful AI initiatives, and strategic alliances with tech giants. The company's Chief Commercial Officer sells shares under a pre-arranged trading plan.

2 Sources

Get all updates into your inbox 💌, Stay Up-to-date for Free 🥳

Your Daily Dose of Curated AI News

Don’t drown in AI news. We cut through the noise - filtering, ranking and summarizing the most important AI news, breakthroughs and research daily. Spend less time searching for the latest in AI and get straight to action.

The Outpost

News

About