That reflects not Mr Altman’s leadership but a broader trend in the technology industry, one that OpenAI itself precipitated. Since the launch of ChatGPT in November 2022, the market for AI labour has been transformed. Zeki Research, a market-intelligence firm, reckons that around 20,000 companies in the West are hiring AI experts. Rapid advances in … Read more
The idea of machines outsmarting humans has long been the subject of science fiction. Rapid improvements in artificial-intelligence (AI) programs over the past decade have led some experts to conclude that science fiction could soon become fact. On March 19th Jensen Huang, the chief executive of Nvidia, the world’s biggest manufacturer of computer chips and … Read more
US stocks were muted on Wednesday ahead of chip giant Nvidia’s quarterly results and the US Federal Reserve’s policy meeting minutes. Nvidia, based in Santa Clara, California, will release its first quarter earnings after the market close on Wednesday. Nvidia’s stock is the third largest on Wall Street, following its more than 92% surge this … Read more
“Even compared to gold, silver is beginning to look good. Unlike gold, silver also has some linkage to industrial demand. The US leading indicator on industrial production is also looking good. So, all this put together bodes well for silver,” she says. Barring some legacy stock holdings, about 90% of Mehra’s investments are channeled through … Read more
President Joe Biden and Japanese Prime Minister Fumio Kishida have enlisted Amazon.com Inc. and Nvidia Corp. to fund a new joint artificial intelligence research program, as the two nations look to improve collaboration around the quickly emerging technology. The $50 million project will be a joint effort between the University of Washington in Seattle and … Read more
Intel Corp. is rolling out a new version of its artificial intelligence chip, aiming to challenge Nvidia Corp. in one of the fastest-growing parts of the semiconductor industry. The updated processor, called Gaudi 3, will be widely available in the third quarter, Intel said at a company event early Tuesday. The chip is designed to … Read more
Fund of funds (FoFs) that invest in overseas exchange traded funds (ETFs) will stop accepting fresh inflows from 1 April as the mutual fund industry is close to hitting its $1-billion limit to invest in overseas ETFs. However, investors can still diversify globally as some international funds have headroom to invest in international stocks. These … Read more
The relentless stream of AI headlines makes it hard to get a sense of which businesses are real winners in the AI boom—and which will win in the longer run. To help answer this question The Economist has looked where value has accrued so far and how this tallies with the expected sales of products … Read more
In recent weeks, some of the best-known players in artificial intelligence have intensified their efforts to gain dominance in the AI space. Anthropic, a startup backed by Google and Amazon, launched Claude 3 Opus. Google launched Gemini, but is back to the drawing board after facing complaints. Meta is spending billions to create AGI, or … Read more
At the same time, big tech’s sales of AI software remain small. In the past year AI has accounted for only about a fifth of the growth in revenues at Azure, Microsoft’s cloud-computing division, and related services. Alphabet and Amazon do not reveal their AI-related sales, but analysts suspect they are lower than those of … Read more