Huang’s video game chips have proven to be a fortunate fit for AI, but his supporters reject the notion that he stumbled upon success. According to a former Nvidia executive, Huang was one of the early pioneers who actively studied and invested in AI. He listened to the industry, experimented, and worked to improve the …
Nvidia, the chipmaker at the forefront of the current artificial intelligence (AI) boom, has experienced an astounding 843% increase in profits due to global demand for its technology. Over the three months leading to July 30, Nvidia’s net profit rose to $6.2bn (£4.9bn), compared to $656m in the same period last year. The company’s success …
Former business secretary, Jacob Rees-Mogg, firmly stated that individuals dismissed for gross misconduct should not be entitled to payouts. Joining him in criticism, former Conservative Party chair Jake Berry described the compensation as a “disgraceful reward” for failure. However, regulations permit banks to reclaim awards given to senior staff if they are later found to …
From breathtaking views to unique museums, New York City attractions never fail to impress. The city is bustling with activities 24/7, ensuring there is always something for everyone to enjoy. With renowned museums, stunning architectural wonders, vibrant galleries, and diverse neighborhoods, it would take multiple lifetimes to fully experience all the incredible things New York …
A Huawei spokesperson was contacted for a comment. Huawei has faced increasingly stringent restrictions in recent years, leading to most US companies being barred from conducting business with them. The company has become a focal point in the US-China trade war, with President Biden prioritizing restrictions on China’s tech sector to hinder domestic companies from …
In a significant breakthrough, scientists at Meta, owned by Mark Zuckerberg, have made strides in developing an AI-powered universal language translator. The newly revealed AI tool developed by Facebook can automatically translate speech from 100 different languages. This groundbreaking technology not only transcribes all 100 languages into text, but it also translates speech into spoken …
Arm, the British chip designer, has officially filed for its initial public offering (IPO) in New York, marking what is expected to be the largest listing of the year. The IPO roadshows are scheduled to begin in the first week of September, with Arm planning to price the offering the following week, as reported by …
Mark Carney, the former governor of the Bank of England, will be joining Bloomberg as the head of its climate finance initiatives. In his new role, Carney will bring his expertise in mitigating risks to financial institutions. Michael Bloomberg, the company’s founder, praised Carney’s work and stated that he will be supported by a team …
In a humorous exchange, Elon Musk and Mark Zuckerberg have engaged in a playful banter over a potential cage match. Musk sent text messages to Zuckerberg, suggesting a practice bout at the Meta CEO’s home. However, Zuckerberg dismissed the proposal, implying that Musk wasn’t serious. He stated, “I think we can all agree Elon isn’t …
Carlsberg is facing a challenging situation in Russia as its brewery has been seized by the Kremlin. The Danish drinks giant has lost contact with its employees in the country following the seizure. Cees ‘t Hart, Carlsberg’s CEO, expressed shock at Russia’s decision to take control of its subsidiary, Baltika Breweries, last month. Despite striking …