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Technology
The Nvidia wave is sweeping the tech sector
Jensen Huang, the Nvidia CEO, has been claiming for years that data centres around the world will have to undergo a complete overhaul to meet the needs of generative AI. He claims that $1tn will be needed over the next 4 to 5 years to train…
Mistral AI Secures $6 Billion Valuation in Second Funding Round for Open-Source AI
Mistral AI, a French artificial intelligence startup founded just a year ago by former employees of Meta and Google's DeepMind, has achieved an impressive
640 million in its Series B round, led by US venture capitalists General Catalyst,…
Raspberry Pi shares soar on London debut
The enthusiastic response to the listing of a British tech company at the London Stock Exchange has given rise to hopes that UK markets will be able to recover ground lost against their international competitors.
The shares of Raspberry…
Nvidia surpasses Apple in market value as it rises to above $3 trillion
Nvidia has surpassed Apple as the second-most valuable company in the world, thanks to a surge in its share price.
Microsoft is the most valuable company in the world with a $3.15 trillion market value.
Nvidia shares, which are used…
Microsoft, OpenAI, and Nvidia are being investigated for violating monopoly laws
Microsoft, OpenAI, and Nvidia are now under increased scrutiny for their role in the artificial-intelligence industry. US regulators have reportedly agreed to investigate the companies.
New York Times reports that the US Department of…
Elliott Management pushes SoftBank for $15 billion buyback
Elliott Management, an activist American investor, has repurchased a significant stake in SoftBank, and now wants the Japanese technology fund, SoftBank, to deliver returns for shareholders worth billions of dollars.
The US hedge fund…
News Corporation signs ‘historical’ agreement with OpenAI
News Corporation announced an innovative, multi-year deal to provide news content from their publications to OpenAI. OpenAI is one of the leaders in artificial intelligence.
The multi-media group, which includes The Wall Street Journal…
Graphcore cancels its share premium account amid SoftBank talk
Leading British technology company is restructuring their balance sheet. This fuels speculation about a possible deal with SoftBank - one of the largest investors in this sector.
Graphcore, a Bristol-based semiconductor company, has…
Nvidia reports a massive growth rate as the AI boom continues.
Nvidia announced record quarterly revenues on Wednesday, fueled by the explosive growth in artificial intelligence adoption among corporations.
Jensen Huang is the founder and CEO of Nvidia. He said, "The next Industrial Revolution has…
Amazon delays order of Nvidia’s’superchips’ in anticipation of updated model
Amazon's cloud computing division has decided to delay the use of Nvidia’s most advanced “superchip” in order to wait for a newer, more powerful model. Investors are worried about a drop in demand during Nvidia's $2.3tn product cycle.
In…
Reddit Shares Soar After Announcing Partnership with OpenAI
In a move that sent Reddit (NYSE:RDDT) shares surging by 14% in after-hours trading, the social media platform announced a groundbreaking partnership with OpenAI, the creator of ChatGPT. This collaboration is set to revolutionize the way…
Sony Music warns tech companies and streaming services about AI usage of its artists
Sony Music has sent warning letters to over 700 artificial intelligence developers around the world and music streaming services in an effort to combat tech groups that are ripping artists off.
The Sony music letter, seen by many,…
BT increases AI usage to combat hacking threats for business customers
BT said that it uses artificial intelligence more to detect and neutralise cyber threats targeting businesses.
The £10.5bn Group aims to grow its business by protecting customers against online criminals. It has patent technology that…
SoftBank, the owner of Arm, reports a profit of £1.2bn as it shifts to AI
SoftBank, a Japanese tech investor, made a profit in the second quarter of '18. It is trying to improve its performance before it makes large investments in artificial-intelligence.
SoftBank has reported a net profit of 231bn (£1.18bn),…
Apple apologizes for iPad advertisement after massive backlash
Apple apologized for an advertisement that showed musical instruments, art tools, and games being crushed with a hydraulic press. The ad had led to accusations of cultural insensitivity.
Apple CEO Tim Cook launched the one-minute video…
Warren Buffett praises Apple after it reveals share sale
Warren Buffett has heaped praise upon Apple, despite investing billions of dollars in the iPhone maker.
The investor called the iPhone "one of greatest products" and possibly "the greatest product of all times".
He said that the…
Warren Buffett warns that the AI genie has ‘escaped the bottle’
Warren Buffett compared artificial intelligence development to that of the nuclear bomb and predicted AI scams would become the largest "growth industry" of all time.
The 93-year old investor spoke hours after it was revealed that his…
TikTok welcomes back music stars
Adele, Drake, and other world-famous music stars will return to TikTok following a resolution of a bitter dispute that had existed between their music companies and the social media application.
TikTok was forced to remove all songs by…