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AI SECTOR
AI accounts for quarter of euro zone credit growth, ECB saysThe influence of artificial intelligence on bank lending in the euro zone is becoming increasingly pronounced, with European Central Bank c...- World shares log modest losses as investors assess impact on AI sector from the Nvidia scandalEuropean and Asian shares mostly declined today as investors reacted to Jensen Huang's unexpected resignation from Nvidia, citing national ...
- Anthropic IPO to test Wall Street's appetite for AI stocksAnthropic is preparing for a potential IPO that could value the Claude chatbot maker at up to $1.4 trillion. The proposed $64.4 billion sha...
- Fallout from the Nvidia scandal may dampen the exuberance around the AI boomNvidia CEO Jensen Huang resigned following reports of personal scandals, including extramarital affairs. His departure raised uncertainty i...
- Donald Trump's AI task force met Thursday, discussed AI-powered cyberattacksMembers of Trump's AI task force convened to discuss the necessity of reporting AI-driven cyberattacks. The group aims to develop national ...
- AI can boost productivity but pose risks to India's IT sector: Moody'sMoody's Ratings said AI could boost productivity but also create job displacement risks in emerging markets with significant exposure to so...
- US stocks: S&P 500, Nasdaq fall as Nvidia CEO exit rattles AI stocksNvidia's stock took a hit after CEO Jensen Huang stepped down, amid swirling personal controversies. This turmoil added noticeable pressure...
- IT sector shifts focus from AI disruption to sustainable growth as revenue stabilization improves: ReportIndia's IT services sector is witnessing a shift towards stabilizing revenues and fostering sustainable growth as investor apprehensions be...
- Nvidia board meets to decide CEO Jensen Huang's future, source saysNvidia's board is meeting to discuss whether to remove CEO Jensen Huang amid reports of two alleged extramarital affairs involving the long...
- CoreWeave shares surge over 26% on strong earnings, debt retreat; spark rally in battered AI cloud stocksCoreWeave's shares experienced a significant increase of over 26% due to strong revenue growth. The company's recent earnings alleviated co...
- ByteDance prepares Meta's Muse-like agent in push to close AI gapByteDance is preparing to release an AI assistant similar to Muse by Meta Platforms soon. Co-founder Zhang Yiming has shared his vision of ...
- OpenAI posts steep losses even as quarterly revenue rises to $10 billion, WSJ reportsOpenAI reported a quarterly revenue rise of approximately 50% to reach $10 billion in the third quarter. Despite this revenue growth, the c...
- SoftBank posts $7 billion quarterly loss as AI investment risks mountSoftBank Group reported a $7 billion quarterly loss, reversing last year's profit, as volatile AI investments weighed on earnings. Its $64....
- US market remains tied to tech stocks despite sharp AI sell-offThe US stock market is currently experiencing a significant pullback in technology and AI-related stocks. Investors are concerned that Demo...
- European shares muted as investors assess AI outlook; banking stocks rallyEuropean shares were subdued as investors assessed the fallout from last week's technology selloff and uncertainties surrounding AI investm...
- SoftBank to face scrutiny of AI strategy at second-quarter earnings after selloffSoftBank Group is on the brink of unveiling its quarterly earnings, navigating a turbulent landscape marked by challenges in the artificial...
- US jobs market shows broad-based recovery in October as hiring beats estimatesUS employers added 165,000 jobs in October, far exceeding expectations, while unemployment fell to 4.1%. However, a closer look reveals une...
- UBS CEO says AI investors had been pricing for 'perfection' until sector's sharp correctionUBS Chief Executive Sergio Ermotti commented on the recent downturn in AI stocks, attributing it to unrealistic expectations. He expressed ...
- IT firms with lower capital requirements may gain as investors shift focus to AI monetisation: ReportInformation technology (IT) companies capable of monetising enterprise adoption of artificial intelligence (AI) without making substantial ...
- IndiaAI Mission's three indigenous AI models target offline mobile access, secure use in critical sectorsThree indigenous artificial intelligence (AI) models launched under the Centre's IndiaAI Mission are being developed for applications rangi...
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