The data center gold rush is still in its early innings, but the market is already grappling with a squeeze in power availability, with companies that can provide energy swiftly poised to benefit, according to BTIG. The line to connect new power plants to the grid has surged to 1.6 terawatts, resulting in major bottlenecks …
ARK Invest’s chief futurist lists five groups that should give tech investors an edge. According to Brett Winton, robotics, artificial intelligence, multi-omics sequencing, public blockchain and energy storage are key areas because they’re all entering the marketplace at the same time. “We believe that this is a unique time in technological economic history,” he told …
“We want to see divestiture from this Chinese company because we are concerned, as every American ought to be concerned, about data security and what ByteDance and what the Chinese Communist Party could do with the information that they can glean off of Americans use of the application.” The White House’s call to action comes …
The near-term growth story for Nvidia remains promising amid ongoing demand for artificial intelligence processors, according to Morgan Stanley. The Wall Street investment bank raised its price target to $750 from $603 and reiterated an overweight investment rating ahead of the dominant AI chipmaker’s quarterly earnings release set for Feb. 21. The new price target …
A risk-on attitude in 2024 could create tailwinds for digital ad companies — even after Big Tech’s blockbuster year, according to RBC Capital Markets. Tech giants, including Nvidia and Meta , carried the Nasdaq Composite to a 43% gain in 2023. Although some on Wall Street are concerned that last year’s tech stock rally has …
Brad Gerstner, Altimeter Founder and CEO, speaks at the Delivering Alpha conference in NYC, Sept. 28, 2023. Adam Jeffery | CNBC Altimeter Capital Chair and CEO Brad Gerstner is massively bullish on artificial intelligence, saying the power of the advanced technology could even trump the internet. “AI is going to be bigger than the internet, …
South Korean conglomerate LG and Qraft Technologies partnered to launch an exchange traded fund that uses artificial intelligence to take investors’ emotions out of the stock-picking process. The LG Qraft AI-Powered U.S. Large Cap Core ETF (LQAI) , which debuted in early November, marks LG’s first step into tapping its AI technology for financial markets. …
The era of free dating apps may be over: Companies are trying to boost revenue, while single people increasingly feel the apps are the only way to find love. Some 35% of Americans who have used a dating website or app have paid to do so at some point, according to a recent report by …