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AI BOOM
Elon Musk's xAI, SpaceX hit with class action over data center 'nuisance'The lawsuit, made public on Tuesday in federal court in Oxford, Mississippi, claims Musk's companies negligently failed to curb the distu...- Silicon Valley's AI millionaires are paying up to $23,000 per hour for escorts who can talk GPUs, crypto and the futureThe AI boom is fueling a new luxury service where escorts, dubbed 'nerd-first,' command high rates by offering intellectual companionship a...
- New AI app uses Gmail, Photos and Calendar data to generate personalised daily storiesGoogle Labs has launched Dreambeans, an experimental AI app that uses information from Gmail, Calendar, Photos, YouTube and Search to gener...
- Ray Dalio sees AI bubble bursting as wealth is converted into moneyBillionaire investor Ray Dalio said the artificial intelligence market is displaying characteristics of a bubble, despite its transformativ...
- Four mutual funds restrict large inflows into gold ETFs and FoFs; Rs 25 crore cap imposedSouth Korea and Taiwan are facing market pressure despite strong gains in semiconductor giants driving the AI boom. Heavy concentration in ...
- AI mania reorders Asia's stock marketsWith AI investments taking center stage, South Korea and Taiwan's stock markets have outpaced India in terms of market capitalisation, larg...
- China's chipmakers emerge as rising force in AI memory market: ReportThe report highlighted that China's leading NAND flash maker, Yangtze Memory Technologies Corp (YMTC), and top DRAM producer, ChangXin Memo...
- Marvell to join S&P 500 after AI boom helps chipmaker pass profitability testThe company will replace swimming pool equipment distributor PoolCorp on the benchmark index before the start of trading on June 22. Marvel...
- As AI shifts from training to inference, Intel moves up the stackIntel is changing its AI strategy. The company is now focusing on building complete AI systems and infrastructure, not just chips. This mov...
- AI boom meets reality check: Why chip stocks tumbled after Broadcom's resultsChip stocks tumbled despite robust AI demand as Broadcom's earnings, while strong, failed to exceed lofty market expectations for future gr...
- The hidden shortage threatening the AI boom - how to prepare for what comes nextAI data center power shortage: The AI boom's next frontier is electricity, shifting focus from models and GPUs to the immense power needed ...
- Gas engine maker Innio valued at $23 billion as shares jump in Nasdaq debutInnio, the innovative gas engine manufacturer, made a spectacular entrance on the Nasdaq, with its market valuation soaring past $23 billio...
- Indian VCs expand US footprint to tap AI boom earlyIndian tech investors are increasingly establishing a presence in the US, particularly in the Bay Area, to tap into the booming AI sector. ...
- TSMC boss upbeat on outlook as AI boom shows no sign of easingChief Executive C.C. Wei, speaking at TSMC's annual shareholders' meeting in the northern Taiwanese city of Hsinchu, added that its custome...
- Companies face hardware talent crunch amid AI boomIndia faces a significant shortage of AI hardware engineers, including HVAC, robotics, and industrial automation specialists, as AI adoptio...
- Nvidia salary shock: Engineers earn up to Rs 4.7 crore as AI boom creates millionaire employees; check salary structureNvidia is aggressively competing for AI talent, with top engineering roles now offering base salaries up to ₹4.7 crore. This significant co...
- SoftBank overtakes Toyota as Japan's most valuable company on AI boomSoftBank Group has become Japan's most valuable company, surpassing Toyota Motor. This shift highlights investor excitement for artificial ...
- AI giant Anthropic confidentially files for US IPOAnthropic has confidentially filed for a US IPO, marking a major step in the AI sector’s expansion on Wall Street. The move highlights stro...
- AI giant Anthropic confidentially files for US IPOAI leader Anthropic has confidentially filed for a US initial public offering. This move signals a significant event for the booming AI sec...
- Global Market Today: Asian stocks count on AI boom to offset Gulf risksAsian markets rose Monday, buoyed by AI demand, despite Middle East tensions impacting oil prices. Investors await U.S. payrolls data, with...
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