Nvidia CEO Jensen Huang shown here holding a CPU designed for AI data centers. The company’s A100 and H100 GPUs have been in even higher demand among AI companies. AFP via Getty Images Last year, entrepreneur-turned-investor Nat Friedman found himself unwittingly becoming a full-time computer chip broker for upstart AI companies. “There were weeks where
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Almost three-fourths of banks and several non-banking financial companies (NBFCs) have developed chatbots and virtual assistants, said Michael Patra, deputy governor, RBI. Delivering a keynote address at the SAARC Finance seminar, he said the usage of artificial intelligence (AI) related keywords in Indian banks has increased sizeably.“A survey conducted by the RBI at June-end 2023
Investors yanked a record $13 billion from U.S. sustainable funds in 2023, stung by mediocre performance and the continuing backlash against environmental, social, and governance investing. Last year was the worst calendar year for outflows since Morningstar started keeping track more than a decade ago. Steep outflows from one passive iShares ESG fund accounted for
Google-parent Alphabet is set to cut more jobs in order to make space for investment in artificial intelligence. Alphabet CEO Sundar Pichai said some teams would need to eliminate roles in order to “create the capacity” for investment in promising areas such as artificial-intelligence, CNBC reported, citing an internal memo. That could be… Google-parent Alphabet
Published: Jan. 16, 2024 at 6:22 p.m. ET Walt Disney Co.’s board on Tuesday nominated a slate of 12 directors that notably left out activist investors from Trian Fund Management (Nelson Peltz, James Rasulo) and Blackwells Group (Craig Hatkoff, Jessica Schell, Leah Solivan), both of which have been highly critical of Disney Chief Executive Robert
Apple has removed a number of cryptocurrency apps from the regional App Store servicing India, weeks after a financial regulator declared they were operating illegally. Representations of cryptocurrencies On December 28, India’s Financial Intelligence Unit declared that nine crypto exchanges were not complying with anti-laundering laws, resulting in a request to the IT Ministry
Optimism over artificial intelligence powered the stock market in 2023. It also helped some sustainable funds turn in a surprisingly strong performance. Based on data from Morningstar Direct, the top five sustainable U.S. equity mutual funds in Barron’s annual survey outperformed the S&P 500 index, returning an average 35% against a gain of 26%, including
The hottest topic of 2023 was AI as billions of dollars in VC funding flowed into the sector and the industry grappled with critical questions about the technology’s place in society. getty 2023 was the year of AI. After ChatGPT launched in November 2022, it became one of the fastest growing apps ever, gaining 100