A closely followed crypto analyst thinks market participants will seek shelter in a group of altcoins following last week’s marketwide dip. Pseudonymous analyst Altcoin Psycho tells his 501,200 followers on the social media platform X that he sees investors rotating funds into crypto assets with at least $1 billion market caps. According to the analyst,
Saudi Arabia’s government is trying to transform its capital city of Riyadh into an AI hub. AFP via Getty Images When Saudi communications minister Abdullah Al Swaha took the stage of the Leap tech conference in Riyadh in February to boast of the kingdom’s tech ambitions, a centerpiece of the pitch was an accelerator intended
Rocket Mortgage – Rocket Logic getty Detroit-based Rocket Mortgage, a leading mortgage lender in the U.S., has unveiled a groundbreaking AI-powered platform called Rocket Logic. Accelerating loan closing times by an impressive 25%. AI-Driven Automation Streamlines Document Processing Rocket Logic harnesses the power of generative AI, automation and machine learning to gather and process the
Investors tied to Elon Musk are reportedly planning a $3 billion funding round for xAI. This round would value the artificial intelligence (AI) firm at $18 billion, The Wall Street Journal (WSJ) reported Friday (April 5), citing sources familiar with the matter. Sources told WSJ that venture capital company Gigafund and Steve Jurvetson, a prominent Musk backer
Over the past 48 hours, HashAI crypto has pumped more than +50%, but now, with HASHAI price in a localized retracement, what is HashAI crypto? And, what is next for HASHAI price action? Find out in HASHAI price analysis. HashAi (HASHAI) is making waves in the crypto market, defying wider “restive” sentiment in the crypto
Industry News AWS Completes Investment in Claude AI Maker Anthropic Amazon Web Services has completed its promised $4 billion investment in generative AI company Anthropic. Anthropic and AWS first inked the deal last September. As part of its terms, AWS would become a minority owner in Anthropic, maker of the Claude chatbot and family of
Saudi Arabia’s reported $40 billion artificial intelligence (AI) investment fund represents a leap to redefine the Middle East’s role in the global technology landscape. The fund is part of a trend of Middle Eastern countries scrambling to position themselves as leaders in the global AI race. The vast investments underscore AI’s potential to reshape industries
Investors are reportedly lining up to purchase FTX’s stake in artificial intelligence (AI) company Anthropic. But as CNBC reported Friday (March 22), sources say that while the company has received interest from sovereign wealth funds, it ruled out taking money from Saudi Arabia due to national security concerns. The shares in Anthropic are being sold as part of FTX’s
Generative AI has been the source of ongoing controversy, which will likely continue for some time. However, the Ireland-based Keywords Studios doesn’t think that artificial intelligence will replace game developers any time soon. While the company found that it streamlined some processes, it couldn’t make AI generate a complete game. In it’s 2023 fiscal report,
I’ve been working with a client whose business has fallen off a bit, and she wanted to update her website to make sure that it was optimized and working for her as a marketing tool — not just a line item in her budget. She’s had her site for a while, but it still looks