Nvidia delays next gen AI chip as investors issue ‘bubble’ warning
After briefly breaking the $3 trillion market capitalization mark in June, things have taken a negative turn for the world’s most valuable chipmaker. Go to Source
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Q2 earnings: AI sector enters flat spin as consumer disinterest in chatbots intensifies
Despite unbridled optimism and massive spending, generative AI is still a solution looking for a problem. Go to Source
Tech stocks plummet as Intel nosedives, Nvidia faces antitrust probe
It’s layoff season again as big tech and the semiconductor industry fail to meet investor expectations. Go to Source
‘Magnificent seven’ stocks shed $2.6T in lead-up to busy earnings week
The world’s best-performing tech stocks have bled an average $125 billion market cap per day for the past 20 days while crypto market cap has risen 11%. Go to Source
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
Big Tech produced more carbon since 2019 than all Bitcoin mining ever
U.S. tech firms made huge commitments to “net zero” carbon emissions, but that was before ChatGPT hit the scene. Go to Source
Bitcoin would need to hit $93K to flip Silver right now
Silver’s market cap has risen to over $500 billion larger than Bitcoin, despite the cryptocurrency flipping the precious metal just two months ago. Go to Source
Biden’s Homeland Security team taps tech elite for AI defense board
The board includes the CEOs of Adobe, Alphabet, Anthropic, AMD, AWS, IBM, Microsoft, and Nvidia, as well as other business, civil rights, and academic leaders. Go to Source
Google slashes price of Gemini AI model, opens up to developers
The Google parent company Alphabet said it is slashing prices for its pro version of AI model Gemini and plans to make its tools more accessible to developers to create their own versions. Go to Source
Ethereum team lead sees zero interest from university in collaborating
Peter Szilagyi, Ethereum’s team lead, voiced dissatisfaction with his former university’s lack of enthusiasm in recommending students for collaboration with Ethereum. Go to Source
