South Korea’s strong presence in the memory chip market and its flourishing artificial intelligence ecosystem give it a competitive edge in the global AI chip race, according to industry experts. South Korea’s leadership in the memory market is a significant advantage for AI, which heavily relies on memory. The country aims to become one of …
Sam Altman, CEO of OpenAI Win Mcnamee | Getty Images News | Getty Images While AI continues to capture attention in the technology industry, OpenAI’s ChatGPT is not currently positioned to challenge Google’s dominance as the search engine leader, as per a new analysis from Bank of America Securities. Bank of America analyst Justin Post …
BYD Vice President Yang Dongsheng speaks at a launch event for the Denza N7 electric SUV on July 3, 2023, in Beijing. Bloomberg | Bloomberg | Getty Images Chinese electric car giant BYD is introducing a new electric SUV, which serves as a significant competitor to Tesla’s Model Y. BYD’s Denza brand has already received …
Apple CEO Tim Cook proudly presented the new Apple Vision Pro headset at the Apple Worldwide Developers Conference in Cupertino, California on June 5, 2023 (Justin Sullivan | Getty Images). The Nasdaq, heavily influenced by the technology sector, ended the first half of 2023 with a 1.5% rally, resulting in a 32% gain for the …
Car-sharing service Turo, social media platform Reddit, and grocery delivery service Instacart have all submitted IPO filings, but none have gone public yet. Despite a strong rebound in tech stocks and a pipeline of companies waiting to go public, the IPO market has been relatively quiet. The lack of notable venture-backed tech IPOs since December …
Microsoft CEO Satya Nadella made a grand entrance to court in San Francisco on June 28, 2023, where he and the CEO of Activision Blizzard are expected to provide testimony to convince a federal judge in California to reject the Federal Trade Commission’s attempt to block their $69 billion deal. Photograph by Shelby Knowles | …
Within the vast Commerce Department, a small division called the Bureau of Industry and Security (BIS) is playing a significant role in the potential U.S. restrictions on semiconductor exports to China. Commerce Secretary Gina Raimondo refers to the BIS as the “small but mighty” agency, which is at the forefront of federal national security efforts, …
In Taipei, Taiwan, at the showroom of Nvidia Corp.’s offices, a cutting-edge artificial intelligence supercomputing graphics processing unit (GPU) called HGX H100 is on display. This powerful GPU is crucial for developing AI software like ChatGPT. The future of exporting these AI chips to China may face new restrictions from the US, according to a …
A striking banner displaying the logo of online image board Pinterest Inc. hangs proudly from the New York Stock Exchange. This was taken on the memorable day when Pinterest made its initial public offering, April 18, 2019. Spencer Platt | Getty Images News | Getty Images Discover the companies driving the major market movements during …
In a recent interview, Nvidia’s president and CEO, Jensen Huang, discussed the increasing importance of the company’s powerful semiconductors in fueling artificial intelligence (AI). However, concerns have been raised about the potential risks associated with these advanced chips falling into the wrong hands. U.S. China hawks fear that this technology could be used to spread …