Adnan Rasheed
Alphabet hits record highs in early trading as Wall Street’s recovery rally continues, even as new warnings from investor Michael Burry, intensifying Ukraine peace negotiations and shifting expectations at the Federal Reserve reshape sentiment across global markets. The renewed optimism pushed the Dow more than 660 points higher Tuesday, extending a rebound fueled by hopes … Read more
Rome — Italy’s antitrust authority said Wednesday it may impose interim measures on Meta Platforms Inc., widening a probe into whether the US tech giant abused its dominant position by restricting rival AI chatbots from operating on WhatsApp, the company’s popular messaging service. The investigation highlights intensifying scrutiny of Big Tech’s expansion into generative artificial … Read more
AUSTIN, Texas — Tesla Chief Executive Elon Musk said Tuesday that the Tesla robotaxi fleet in Austin will roughly double in December, marking one of the company’s fastest expansions since its self driving service launched in the city in June. The announcement, made on X, signaled the electric vehicle maker’s intensified push to scale autonomous … Read more
BEIJING — Sitting in his new Beijing office, AI2 Robotics founder and CEO Eric Guo reflected on the stark reality of building advanced machines in an uneven global funding landscape. While US humanoid robotics firm Figure secured a $1 billion round at a $39 billion valuation this year, Guo said Chinese AI startups face tighter … Read more
Nvidia Corp.’s recent stock decline has sparked debate among investors and market analysts over whether the selloff reflects fundamental weaknesses or broader investor anxiety. CNBC’s Jim Cramer said Tuesday that fears surrounding Nvidia and other artificial intelligence companies may be overblown and not grounded in company performance. “You either believe in artificial intelligence or you … Read more
Shares of Nvidia, AMD and Super Micro Computer fell sharply Wednesday as intensifying competition in the artificial intelligence hardware market rattled investors and overshadowed broader gains in the technology sector. The declines came amid reports that Google and Meta are expanding their chip ambitions, raising fresh questions about how long Nvidia can maintain its dominant … Read more
Australia’s consumer inflation accelerated faster than expected in October, rising at its quickest pace in seven months and reinforcing concerns that cost pressures remain stubborn across the economy. The Australian Bureau of Statistics said Wednesday that the consumer price index increased 3.8 percent year over year, surpassing economists’ expectations and marking a significant jump driven … Read more
Consumer confidence fell sharply in November, reaching its weakest point since April as Americans grew more anxious about job security and the broader economic outlook. The latest reading from the Conference Board showed widespread unease across income groups, with declining expectations for business conditions, employment prospects and household income. The Conference Board’s monthly Consumer Confidence … Read more
Washington, DC — President Donald Trump on Monday signed an executive order aimed at boosting national scientific research through artificial intelligence, launching an initiative that will create a government backed platform to leverage decades of federal datasets for scientific discovery. The program, named the Genesis Mission, is designed to integrate vast federal scientific data collections … Read more
Shares of Nvidia Corp. fell Monday following reports that Meta Platforms Inc. is in discussions to acquire Google’s tensor processing units, or TPUs, for use in its data centers. The news highlighted growing competition in the AI chip market and raised questions about Nvidia’s continued dominance. According to reports from The Information, Meta is exploring … Read more
