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AI BOOM
AI boom is starting to show in UK economy's performanceWhile the Office for National Statistics said Britain's economy grew by 0.4% in the second quarter, the information and communications sec...- Microsoft retreats in China, but AI boom helps it keep a window openThe year was 2010 and Google was about to exit due to concerns over censorship and cyberattacks. That decision was lauded by democracy acti...
- Anthropic to beat SpaceX? Investors bet on $2 trillion valuation in record IPOAnthropic is heading towards a potential record-breaking IPO, with investors reportedly expecting a valuation of more than $2 trillion as t...
- Nebius shares soar 22% as AI demand powers revenue beatNebius shares jumped nearly 22% after the AI cloud provider beat revenue estimates, driven by surging infrastructure demand, larger contrac...
- US stocks: CoreWeave, Super Micro surge on signs of sustained AI buildoutCoreWeave and Super Micro have seen their stock prices soar to new heights amid a rising tide of demand for AI infrastructure. CoreWeave ha...
- Nebius beats quarterly revenue estimates as AI demand fuels growthThe Amsterdam-based AI infrastructure firm reported total revenue of $582.3 million for the quarter ended June, compared with analysts' a...
- Google's Gemini AI assistant reaches one billion usersGoogle's artificial intelligence assistant Gemini has surpassed one billion monthly users, CEO Sundar Pichai announced Tuesday, a week afte...
- India’s physical AI boom outpacing law: ExpertsIndia does not have a dedicated framework to govern physical AI. Existing laws covering product liability, consumer protection, workplace s...
- Forget gold and stocks: Nvidia CEO Jensen Huang aims to make chips an investable asset, lines up $500 bn in financingNvidia CEO Jensen Huang said AI compute is emerging as a new investable asset class as the chipmaker partners with six major financial firm...
- AI's hunger for power sparks US private gas plant boomAs US tech companies race to build the data centers fueling the AI boom, they are increasingly putting up their own power plants -- off the...
- Amazon’s Texas AI data center faces a huge climate problem: 7.65GW gas plant could become America’s biggest source of CO₂ emissions in the US as tech giant races to power the AI boomAmazon’s massive Texas AI data center is drawing environmental scrutiny after plans for a 7.65GW natural gas power plant revealed it could ...
- Chinese AI drives price competition among US labsA new generation of cost-efficient, high-performance Chinese AI is putting pressure on Silicon Valley's leading labs to lower prices to gra...
- Apple tests China's CXMT memory chips for iPhones and MacBooks: WSJApple held early talks with CXMT, which is China's largest chipmaker by market value, about supplying components with the goal of using th...
- Apple tests China's CXMT memory chips for iPhones and MacBooks: ReportApple is reportedly testing memory chips from China’s CXMT for iPhones and MacBooks as the AI boom drives a global component shortage, the ...
- Is 'Trumpflation' real? Why Wall Street fears this could be a reason for stock market crashWall Street's record rally faces a new test as 'Trumpflation' concerns grow alongside AI-driven pricing pressures. Sticky core PCE inflatio...
- SK Hynix board approves $38 billion investments for South Korea's Yongin, Cheongju chip plantsThe company said Yongin's "Y2 fab" is the second of four fabrication plants planned for the cluster and will serve as a production base fo...
- AI frenzy spooks investors but JPMorgan CEO Jamie Dimon says spending boom likely to pay off. Here's whyJPMorgan Chase CEO Jamie Dimon believes massive capital expenditure in artificial intelligence by hyperscalers will ultimately pay off desp...
- Market Reaction: Sandisk's AI momentum continues, but forecast leaves Street wanting more
- AI boom reshapes emerging markets, but surging volatility tests investor nervesArtificial intelligence has powered a strong rally in emerging-market technology stocks, led by semiconductor giants in South Korea and Tai...
- Nifty trapped in 1,531-point range for 15 weeks. Can global AI unwind bring FIIs back?The Nifty index is approaching a critical juncture after a prolonged consolidation period. Foreign institutional investors are showing earl...
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