On November 19th, Eastern Time, according to the New York Post, OpenAI CEO Sam Altman personally stepped in to invest in the startup Rain AI, planning to raise $0.15 billion to challenge Nvidia's dominant position in the AI chip market. Rain AI claims that its chips are more efficient and powerful than Nvidia's, and the company has hired former Apple c...
Reports suggest that Apple and Baidu are at odds over using iPhone user data to train and improve AI models. Analysts warn that unresolved disputes could hinder Apple’s efforts to boost iPhone sales in China. Nomura noted that while the iPhone 16 series lacks full hardware support for AI, the iPhone 17 series, launching next year, could be Apple’s first AI-centric phone with significant upgrades, including an A19 chip, enhanced display, ...
We saw outperformance from the technology sector which helped to boost major U.S. equities indexes to move higher on Wednesday (04 Dec). Although Federal Reserve Chair Jerome Powell stressed that the central bank will take a cautious approach to future policy moves, optimism for another interest-rate cut at this month's Fed meeting remained intact. Data released by payroll processor ADP showing a slowdown in private-sector hiring during N...
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Rain AI claims that its chips are more efficient and powerful than Nvidia's, and the company has hired former Apple c...
Although Federal Reserve Chair Jerome Powell stressed that the central bank will take a cautious approach to future policy moves, optimism for another interest-rate cut at this month's Fed meeting remained intact. Data released by payroll processor ADP showing a slowdown in private-sector hiring during N...
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