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
Amazon to invest $15 billion in Indiana as part of a sweeping plan to expand its US data center infrastructure, the company said Monday, marking one of the largest technology investments in the state’s history. The new project, concentrated in Northern Indiana, will add 2.4 gigawatts of power capacity and create about 1,100 jobs as … Read more
Moscow — Artificial intelligence could give countries influence on par with nuclear technology for those who move quickly, a top Russian tech executive said, signaling Moscow’s push to develop indigenous AI capabilities amid global competition. Alexander Vedyakhin, first deputy CEO of Sberbank, told Reuters in an interview at Russia’s annual AI Journey conference that Russia’s … Read more
The European Union’s antitrust regulator on Monday unconditionally approved Omnicom Group’s $13.25 billion all stock acquisition of rival Interpublic Group, clearing the way for the merger of two of the world’s largest advertising agencies. The deal, first announced in December, combines the third largest ad buyer, Omnicom, with the fourth largest, Interpublic, creating a global … Read more
Oil prices continued their decline on Monday as investors balanced the possibility of a US interest rate cut against emerging hopes for a Ukraine peace agreement that could ease sanctions on major Russian oil producers. Brent crude fell 58 cents, or 0.9 percent, to $61.98 per barrel, while West Texas Intermediate (WTI) slid 60 cents, … Read more
BEIJING — Bitcoin mining in China is quietly resurging four years after Beijing imposed a sweeping ban on cryptocurrency activity, as miners in energy rich western provinces exploit low cost electricity and a boom in private data centers. The rebound, supported by industry trackers and equipment makers, has pushed China back into the top ranks … Read more
