US Morning News Call | Bitcoin Breaks $100,000 Barrier as 2024 Rally Soars to New Peaks
Bank of America Outlook for 2025: The most aggressive policies in the usa in a century will fuel a "technology bubble", but "the higher one climbs, the harder one falls."
Bank of America warns that the U.S. stock market may have reached a critical point of collapse, potentially facing the impact of the AI bubble and Trump’s policies next year. The similarities between AI and the internet of the late 1990s are apparent, with the bubble's burst only a matter of time. If Trump fulfills his campaign promises, it could bring a brief prosperity to the U.S. stock market, but it would also fuel the bubble, leading to a major depression.
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Amazon Sued for Allegedly Excluding D.C. Zip Codes From Prime Delivery Benefits
The "weight loss duo" faced off for the first time: eli lilly and co won against novo-nordisk a/s, goldman sachs: the market has already known.
Goldman Sachs stated that this result is in line with the general market expectations, which indicate that Zepbound's weight loss effects are significantly better than Novo Nordisk. It is believed that Novo Nordisk and Eli Lilly and Co will control 80% of the weight loss medication market, with a ratio of 40% and 60% between the two.
Musk's xAI supercomputing will expand tenfold! 1 million GPUs are worth nvidia opening a branch.
1. Musk's xAI will expand its supercomputer Colossus in Memphis, increasing computational power tenfold; 2. nvidia, Dell, and super micro computer are reportedly also setting up in Memphis to assist in the development of Colossus; 3. xAI has been established for just over a year, with a valuation reaching 45 billion dollars, its expansion speed has shocked the industry and is seen as a strong competitive advantage.
"The leading cloud company" clearly elaborated on the global strategy for AI: whether it be large models or chips, they will be options rather than core.
AWS is betting on "generative AI productization", making products and services the core of its development, building more user-friendly and accessible platforms, and lowering the barriers for users to utilize AI. In the future, the importance of large models will gradually decrease, and there will be little difference in models for different purposes to users.
Tech giants are spending extravagantly, the AI arms race is heating up, and chip stocks are soaring across the board.
The competition among technology giants in AI hardware is intensifying. This week, amazon claimed it would build the world's largest AI computing cluster, followed closely by Meta announcing a $10 billion AI datacenter. There are also reports that xAI, under Elon Musk, is planning to expand its supercomputer project tenfold...
1 million GPUs! Musk plans to expand the Colossus AI supercomputer cluster tenfold, continuing the arms race in AI infrastructure.
The investment required to expand Colossus is estimated to reach hundreds of billions of dollars, while also incurring relatively high costs for construction, power supply, and cooling. However, xAI has raised approximately $11 billion from investors this year.
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Meta Will Be Working With Entergy To Bring At Least 1,500 MW Of New Renewable Energy To The Grid Through Its Geaux Zero Program; Meta Has Committed To Contribute Up To $1M A Year To Entergy's "The Power To Care" Low-income Ratepayer Support Program, A...