In response to the suits, defendants such as Meta, OpenAI, and Bloomberg have argued that their actions constitute fair use. A case against EleutherAI, which originally scraped the books and made them public, was voluntarily dismissed by the plaintiffs. Litigation in remaining cases remains in the early stages, leaving the questions surrounding permission and payment … Read more
US officials have slowed the issuing of licenses to chipmakers such as Nvidia Corp. and Advanced Micro Devices Inc. for large-scale AI accelerator shipments to the Middle East, according to people familiar with the matter, while officials conduct a national security review of AI development in the region. It’s unclear how long the review will … Read more
Nvidia’s shares rallied around 6% to hit a record high on Tuesday, leaving the AI chipmaker’s stock market value about $100 billion away from overtaking Apple in a major reshuffle of Wall street’s biggest players. Last trading at $1,128, Nvidia’s market capitalization reached $2.8 trillion, compared to a market value of $2.9 trillion for Apple, … Read more
Prasad Sawant, Advisory Head, IIFL Securities, says Mirae Asset, this NYSE FAANG Plus ETF and also Edelweiss US Technology Scheme has also given more than 80% return. Others, like Motilal Oswal Nasdaq 100 ETF have given 20-25% return in the three-year range. Active schemes like DSP US Flexi Cap have given returns in the range … Read more
By ELAINE KURTENBACH (AP Business Writer) Asian shares were mostly lower Friday after Wall Street retreated following strong economic reports that raised the possibility of interest rates staying painfully high. U.S. futures edged higher and oil prices also rose Japan’s Nikkei 225 index lost 1.2% to 38,623.78 and the Hang Seng in Hong Kong fell … Read more
The past 12 months have seen artificial intelligence computing company Nvidia go stratospheric as the generative AI boom saw it become one of the most valuable companies in the world. And CEO Jensen Huang says that shows no sign of abating thanks to the expected surge in AI video. After Nvidia’s GH200 Grace Hopper super … Read more
U.S. stocks ended lower on Thursday, even as a strong revenue forecast for Nvidia fueled a surge in its shares, but that was overshadowed by economic data showing inflation was still a concern that could delay any Federal Reserve rate cuts. Nvidia shares jumped 9.32% to close above the $1,000 per share mark for the … Read more
By STAN CHOE (AP Business Writer) NEW YORK (AP) — In the latest example of how good news for the economy can be bad for Wall Street, most U.S. stocks slumped Thursday after strong economic reports raised the possibility of interest rates staying painfully high. The weakness was widespread and overshadowed another blowout profit report … Read more
By STAN CHOE (AP Business Writer) NEW YORK (AP) — In the latest example of how good news for the economy can be bad for Wall Street, most U.S. stocks slumped Thursday after strong economic reports raised the possibility of interest rates staying painfully high. The weakness was widespread and overshadowed another blowout profit report … Read more
By STAN CHOE (AP Business Writer) NEW YORK (AP) — U.S. stock indexes are mixed Thursday as technology stocks propelled by a blowout profit report from Nvidia work against weakness elsewhere in the market. In the latest example of how good news for the economy isn’t necessarily good for Wall Street, strong economic reports raised … Read more