Nvidia Gains $200bn in Value after It Predicts Ai Driven Boom in Chip Demand
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SoftBank will reportedly invest nearly $1 billion in AI push, tapping Nvidia's chips
SoftBank will invest $960 million by 2025 to bolster its computing facilities in preparation for its own generative intelligence model.CNBC - Business -
China Used Resellers to Obtain Recently Banned Nvidia Chips
Super Micro, Dell servers bought by Chinese universities and institutescontained advanced chipssubject to a widening U.S. tech export ban.Inc. - Business - China -
AI boom can even work on your taxes
Tax preparer Intuit’s market valuation bigger than Goldman Sachs after becoming unexpected beneficiary of AI enthusiasmFinancial Times - Business - Artificial Intelligence -
Nvidia's Biggest Manufacturer Doubles Down on AI
TSMC, the world’s biggest contract chip maker, is reshaping its business to respond to booming AI-related demand, but capacity is “still not enough.”The Wall Street Journal - Tech -
Man charged after car 'driven at independence marchers'
Stewards and a police officer stepped in front of the car entering West Regent Street in Glasgow as the crowd walked down the road.BBC News - Top stories -
Qtum Foundation powers AI Web3 initiatives with 10,000 Nvidia GPUs
Qtum Foundation is bringing online 10,000 GPUs to power its new blockchain AI ecosystem.VentureBeat - Tech -
TSMC Shares Fall After Downgrading 2024 Global Chip Outlook
Shares of Taiwan Semiconductor Manufacturing fell sharply as investors’ worries about the chip maker’s cautious outlook for the industry eclipsed its upbeat first-quarter financial results.The Wall Street Journal - Tech -
Perplexity AI Just Announced Its First B2B Product, and NVIDIA Is Already Using It
Other early adopters of Perplexity Enterprise Pro include Arianna Huffington's Thrive Global and the Cleveland Cavaliers.Inc. - Business -
Honeywell exec reveals plan to deliver $100 million in value with generative AI: “Just getting started”
The remarks by Sheila Jordan, chief digital technology officer, that the company is already making "tens of millions" in dollars in net value with generative AI are significant because outside of the big GenAI technology providers like OpenAI and ...VentureBeat - Tech -
Groq’s breakthrough AI chip achieves blistering 800 tokens per second on Meta’s LLaMA 3
Groq Inc's AI chip delivers blistering 800 tokens/sec inference on Meta's LLaMA 3 model, potentially reshaping the landscape of AI hardware.VentureBeat - Tech -
Visa’s stock gains after earnings, as one simple message resonates
Visa shares were moving higher in after-hours trading Tuesday, after the payments company sported an earnings beat and showed off continued growth in spending.MarketWatch - Business -
Boomergasms Are Booming
Dating apps from Feeld to Match have become ground zero for aging singles to unlock their newfound sexual appetites—and a bolder sense of self.Wired - Tech -
Exclusive: Brev.dev joins forces with Akash Network to offer on-demand GPUs for AI developers
Brev.dev partners with Akash Network to provide AI developers with on-demand access to decentralized GPU resources, revolutionizing AI development and democratizing access to high-performance computing.VentureBeat - Tech -
Humanitarian groups demand safe routes to UK after five deaths in Channel
UN and Council for Europe add voices to outcry as more people drown within hours of ‘cruel’ Rwanda bill being passed. Humanitarian groups have called for new safe routes to Britain after five people died trying to cross the Channel within hours of ...The Guardian - World - United Kingdom -
Cruise operator Viking to valued at up to $10.7 billion after IPO terms set
Viking Holdings has set terms for its initial public offering, which puts the cruise operator on a heading to be valued at up to $10.8 billion.MarketWatch - Business -
Salesforce's talks to acquire Informatica, which could have been valued at about $10 billion, have fizzled after the companies couldn't agree on terms.
Salesforce’s talks to acquire Informatica, which could have been valued at about $10 billion, have fizzled after the companies couldn’t agree on terms.The Wall Street Journal - World -
UPS’ stock rises after profit extends long streak of beats as deliveries improve
UPS’s stock rallied Tuesday, after the package delivery giant beat first-quarter profit expectations, even as it once again reported revenue that fell below forecasts.MarketWatch - Business -
Major U.S. stock indexes rallied, with the S&P 500, Nasdaq and Dow gaining 0.9%, 1.1% and 0.7%, respectively, after a stretch of poor or indifferent performance.
Major U.S. stock indexes rallied, with the S&P 500, Nasdaq and Dow gaining 0.9%, 1.1% and 0.7%, respectively, after a stretch of poor or indifferent performance.The Wall Street Journal - World -
How Texas unleashed a geothermal boom
With its nation-leading renewables fleet and oil and gas industry, Texas is poised to dominate what boosters hope will be America’s next great energy boom: a push to tap the heat of the subterranean earth for electricity and industry. That ...The Hill - Politics -
Plant-Based Meat Boomed. Here Comes the Bust
Sales of vegan meat are trending downward in the US, with companies scrambling to win back customers.Wired - Tech -
Oil Stabilizes as Fears of Wider Middle East War Fade
Oil prices were broadly stable after recouping some of the losses posted in the previous session as fears of an all-out war between Israel and Iran faded.The Wall Street Journal - World -
Chinese Export Surge Clouds U.S. Hopes of a Domestic Solar Boom
The decision by a Massachusetts solar company to abandon plans to build a $1.4 billion U.S. factory highlights the risks amid a flood of Chinese clean energy exports.The New York Times - Business -
The Folly of China's Real-Estate Boom Was Easy to See, but No One Wanted to Stop It
Developers, home buyers and Western bankers all ignored warning signs, but not two accountants who went looking for “financial anomalies” and “shenanigans.”The Wall Street Journal - World - China -
Don’t overweight the megacap tech giants like Nvidia and Apple, says UBS
UBS cut its rating on what it calls the Big Six — that’s the Magnificent Seven minus struggling Tesla — to neutral from overweight.MarketWatch - Business -
Nvidia’s sharp stock selloff sparks this analyst’s call to buy the dip
Following the worst daily drop for Nvidia shares in over four years, one analyst advises that investors buy the dip.MarketWatch - Business -
Samsung Electronics Gets $6.4 Billion for Texas Chip Plants
The expansion includes a second factory, an advanced chip-packaging facility and research-and-development capabilities.The Wall Street Journal - Tech -
Salman Rushdie warns young people against forgetting value of free speech
Author also discusses prospect of second Trump presidency and writing about his stabbing in launch event for his book Knife. Salman Rushdie has warned young people against forgetting the value of free speech and discussed the “very big and ...The Guardian - World -
Gina Raimondo says 'we've out-innovated China' amid chips war
Commerce Secretary Gina Raimondo proudly held up the progress of American industry on semiconductor manufacturing Sunday, declaring that the U.S. has “out-innovated” China as the two nations fight to advance their domestic technology ...The Hill - Politics - China -
For Sale: A Rare Klimt Portrait, Valued at $32 Million. But of Whom?
The painting’s re-emergence after decades has come with a swirl of questions about its subject, one of three related teenage girls.The New York Times - Business -
Commerce Secretary Downplays Chinese Chip Power in Advanced Huawei Phone
Gina Raimondo says the Mate 60 Pro phone's processor is less advanced than American chips, pointing to successful tech export curbs.Inc. - Business - China -
3 ways to put a value on caregiving — instead of ‘a big, fat zero’
“The lack of paid leave in this country is like the head-explosion emoji,” says author Elissa Strauss.MarketWatch - Business -
4 ways to maximize your home value right now, according to experts
Want to grow your home's value? Experts recommend these strategic home renovations and energy-efficient upgrades.CBS News - Top stories -
Albertsons’ profit tops estimates and offsets revenue miss driven by lower fuel sales
Chief Executive Vivek Sankaran said the numbers came against a “difficult industry backdrop.”MarketWatch - Business -
U.S. Natural Gas Futures Post Moderate Gains
Natural gas futures rose with support from lower U.S. production and a pickup in LNG feeedgas, while some further weather-driven demand was seen for later in the week.The Wall Street Journal - World -
Russian forces make significant gains in eastern Ukraine
Regional armed forces admit ‘difficult situation’ as Kyiv awaits western military aid. Russian forces have made significant advances in a narrow corridor in eastern Ukraine as an offensive by Moscow to take territory before western military aid ...The Guardian - World - Ukraine -
Drones or UFOs? Alarming incursions demand answers
Over the last five years, a series of bizarre — and remarkably brazen — “drone swarms” have overwhelmed key Department of Defense facilities and assets, including nuclear missile silos.The Hill - Politics -
Politicians demand new probe into Gething donations
Opposition parties say an independent review needed into Vaughan Gething's donations.BBC News - Top stories -
Shipping's Global Demand Downturn Is Proving Persistent
Freight forwarder Kuehne + Nagel says markets remain subdued despite a slight volume uptick in the first quarter.The Wall Street Journal - World -
Mattel says toy demand is improving, and shares are rallying
Toy maker Mattel Inc. on Tuesday reported a narrower quarterly loss than expected, while holding to its full-year profit outlook and citing an improvement in demand after two years of weaker enthusiasm among customers.MarketWatch - Business -
Tesla profits cut in half as demand falls
The EV maker brings forward launch plans for new models as profits drop by more than half.BBC News - Top stories - Tesla