Morgan Stanley says these 3 global stocks will benefit from Intel’s new AI chip

Morgan Stanley says these 3 global stocks will benefit from Intel’s new AI chip

The launch of Intel ‘s latest artificial intelligence chip is expected to benefit three global semiconductor companies, according to Morgan Stanley. Intel unveiled its third-generation AI accelerator, Gaudi 3 , earlier this month. The semiconductor giant said the latest chip is twice as power-efficient and can run AI models one-and-a-half times faster than Nvidia’s H100 GPU …

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AI startup Stability lays off 10% of employees after CEO exit

AI startup Stability lays off 10% of employees after CEO exit

Emad Mostaque, founder and CEO of Stability AI, speaks during the Bloomberg Technology Summit in San Francisco, California, US, on Thursday, June 22, 2023. David Paul Morris | Bloomberg | Getty Images Beleaguered artificial intelligence startup Stability is laying off employees after the exit of its controversial former CEO Emad Mostaque. Stability, which is behind …

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Cisco debuts new AI-focused cybersecurity system after Splunk deal

Cisco debuts new AI-focused cybersecurity system after Splunk deal

The Cisco logo is on display at the Mobile World Congress in Barcelona, Spain, on February 26, 2024.  Charlie Perez | Nurphoto | Getty Images Enterprise technology titan Cisco Systems on Thursday unveiled a new security architecture product aimed at securing data centers, clouds, and other IT environments with the help of AI. Called HyperShield, …

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Billionaires Are Selling Nvidia Stock and Buying 2 Supercharged Artificial Intelligence (AI) Stocks Instead

Billionaires Are Selling Nvidia Stock and Buying 2 Supercharged Artificial Intelligence (AI) Stocks Instead

The artificial intelligence (AI) gold rush is in full swing, and Nvidia has been one of the biggest winners thus far. Its chips power the most advanced AI systems, including ChatGPT from OpenAI, and its share price rocketed 230% over the past year. But Goldman Sachs thinks software and services companies could be the biggest …

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Amazon CEO Andy Jassy says he’s committed to cost cutting while investing in AI in shareholder letter

Amazon CEO Andy Jassy says he’s committed to cost cutting while investing in AI in shareholder letter

Under Jassy, Amazon has morphed into a leaner version of itself, as slowing sales and a challenging economy pushed the company to eschew the relentless growth of the Bezos years. Beginning at the end of 2022 and continuing through 2023, Amazon initiated the largest layoffs in its history, cutting more than 27,000 jobs. Those cuts …

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Nvidia and Georgia Tech announce first AI supercomputer for students

Nvidia and Georgia Tech announce first AI supercomputer for students

The move, a way to democratize access to supercomputing resources generally earmarked for tech giants and connected startups, underscores the importance of training the next-generation workforce on AI. At first, only Georgia Tech’s undergraduate students will be able to use the computing cluster, which is fueled by Nvidia’s enterprise AI software and a “virtual gateway” …

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Google unveils Axion Arm-based chips for energy-efficient computing

Google unveils Axion Arm-based chips for energy-efficient computing

Google parent Alphabet still derives three-quarters of revenue from advertising, but cloud is growing faster and now represents almost 11% of company revenue. The segment, which contains corporate productivity applications, is also profitable. Google held 7.5% of the cloud infrastructure market in 2022, while Amazon and Microsoft together controlled around 62%, according to Gartner estimates. …

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Top 25 Biggest Internet Companies in the US

Top 25 Biggest Internet Companies in the US

In this article, we will be taking a look at the top 25 biggest internet companies in the US. If you want to skip our detailed analysis, you can go directly to see the Top 5 Biggest Internet Companies in the US. The Power of the Internet The internet has become an indispensable tool in …

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