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
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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
US Supreme Court to Hear Nvidia’s Bid to Dismiss Crypto-Related Lawsuit
The U.S. Supreme Court has agreed to hear Nvidia’s appeal to dismiss a securities fraud lawsuit accusing the company of misleading investors about its sales to the cryptocurrency industry. Nvidia’s appeal follows a lower court’s decision to revive a class-action lawsuit. The suit alleges that Nvidia and its CEO, Jensen Huang, downplayed the impact of … Read more
Tesla investors sue Elon Musk for diverting resources, talent to xAI
Shareholders accused Tesla boss Elon Musk of “brazen disloyalty” with his xAI startup that created “billions in AI-related value at a company other than Tesla.” Go to Source
Bitcoin vs. Buffett: BTC holders’ 104% CAGR dwarfs ‘steady growth’ portfolio
Since its trading debut in 2011, Bitcoin has delivered an impressive average annual return of approximately 104%, surpassing the returns of Warren Buffett’s portfolio and U.S. stock markets. Go to Source
US Treasury: AI brings huge opportunities, risks to financial stability
Secretary of the Treasury Janet Yellen says AI will only become more important in the years to come. Go to Source
Nvidia briefly passes Apple as world’s most valuable company
There’s a three-way race for the top slot, with Microsoft maintaining a slight edge. Go to Source