Skild AI announces $300M funding from Jeff Bezos, Softbank to build ‘robot brains’
Another unicorn has entered the race the develop human-level AI. Go to Source
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Big Tech faces financial reckoning if human-level AI doesn’t happen soon
Sequoia Capital says the industry needs to make up about $600 billion in profit before the current expenditure starts to make sense. Go to Source
Microsoft, Google, Nvidia and more filed SEC warnings that AI could ruin business
The reasons ranged from cannibalizing their own businesses to releasing potentially inferior products. Go to Source
Softbank lost 99% when the dotcom bubble burst, now it’s all-in on AI
Softbank Group stocks reached an all-time-high on a market capitalization of $97.2 billion. Go to Source
Over 50% of US hedge funds have exposure to Bitcoin as BTC crushes stocks in 2024
Millennium Management, holding 27,263 BTC worth $1.69 billion, has allocated about 2.5% of its $67.7 billion in total assets under management to Bitcoin. Go to Source
South Korea’s 2nd largest chipmaker to invest $75B in AI through 2028
The investment comes after a March commitment to spend $90 billion on a chip fabrication facility near Seoul. Go to Source
Nvidia launches in Middle East amid US AI export clampdown: Report
Nvidia partners with Qatari telecom provider Ooredoo to bring advanced AI technology to the Middle East, marking a significant expansion amid U.S. export restrictions. Go to Source
Market Jitters: Analysts Warn of Looming US Stock Crash, Draw Parallels to 1929
As the U.S. stock market scales new heights, a growing chorus of analysts warns that a severe crash could be on the horizon, reminiscent of the devastating 1929 collapse. Concerns center around the meteoric rise of Nvidia and the burgeoning artificial intelligence (AI) sector, feared to be the latest bubble in a pattern echoing past … Read more
Why did Fetch and SingularityNET AI-tokens just surge 30%?
Both AI-tokens Fetch and SingularityNET staged a strong price recovery after a three-month downtrend. Go to Source
Nvidia is now the world’s most valuable publicly traded company
Graphics processing and AI giant Nvidia provides roughly 80% of the artificial intelligence chips used in high-end data centers. Go to Source
