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AI’s volatile power demand is damaging its own data centersAI data centres’ volatile power demand is damaging batteries, turbines and other equipment, raising downtime costs, delaying projects and c...
Global Market Today: Asian stocks drop as AI rally pauses, oil dipsAsian markets experienced a dip on Thursday as Wall Street's recent tech surge showed signs of slowing down. Crude oil prices also fell sli...
- Anthropic inks $10 billion computing deal with new cloud startup Volta Infra
Anthropic has secured ten billion dollars in computing capacity from Volta Infra Holdings. This deal aims to meet the growing demand for An...
How the quick fall from grace of a fund run by 'Nostradamus of AI' triggered a 24-hour race to salvage itLeopold Aschenbrenner's hedge fund incurred significant losses and a forced sale of investments. Billionaire Ken Griffin's Citadel acquired...
Ahead of Market: 10 things that will decide stock market action on ThursdayIndian equities rallied sharply as Sensex gained 889 points and Nifty topped 24,250, adding over Rs 4 lakh crore in market value. Strong II...
Moonshot AI closes $3.5 billion funding round to hit $35 billion valuationThe Beijing-based startup managed to secure far more than the $1 billion to $2 billion it initially targeted, people familiar with the matt...
China is throwing a 1-2-3 punch at the global AI tradeIn quick succession, China has thrown a powerful 1-2-3 punch at the global AI trade. On July 16, Beijing-based startup Moonshot AI released...
A machine made by China sends shockwaves in the chip industryChina has begun mass-producing its own lithography machines, challenging ASML's global dominance. This development marks a significant step...
Global Market Today: Asian stocks fall on AI jitters, oil extends dropAsian equities dropped as artificial intelligence spending concerns fueled chipmaker selloffs. Crude oil extended its decline, with Brent s...
US stocks: US market climbs after US, Iran pause conflict; focus on Fed, earningsMajor Wall Street indexes opened higher on Monday morning. This rise followed the United States and Iran pausing hostilities, boosting inve...
South Korean shares turn lower as chipmakers fall ahead of earningsSouth Korean shares turned lower on Monday as chipmakers fell. Samsung Electronics and SK Hynix declined ahead of their earnings reports. N...
Traders are getting a new tool to bet on biggest US stocksCME Group will introduce single-stock futures for over fifty major US companies. These contracts offer leveraged exposure without the compl...
Global Market Today: Asian stocks advance on tech rally, yen weakensAsian stocks climbed for a second day, led by chipmakers. The Kospi Index saw a significant jump, reflecting AI investment optimism. Crude ...
Moonshot is creating new winners and losers in the AI tradeThe Chinese startup unveiled Kimi K3 on Friday, a model that it says delivers performance that rivals top-tier offerings from OpenAI and An...
Fujitsu and leading Japanese robotics companies to use Nvidia technology in 'physical AI'Fujitsu and Nvidia are leading a major push in physical AI technology. This initiative aims to integrate Japan's robotics with advanced art...
US official says Nvidia has begun shipping powerful H200 AI chips to ChinaIn May, Reuters reported the Commerce Department had cleared around 10 Chinese firms to buy the H200, but no deliveries had been made at ...
ZTE among Chinese firms licensed to purchase Nvidia's H200 chips, documents showUS regulators have approved some Chinese companies to buy advanced AI chips. ZTE Kangxun Telecom and Maginfra can purchase Nvidia's H200 ch...