Musk Moves Up SpaceX (SPCX)’s Orbital Data Center Timeline, Again
Bloomberg reported that Elon Musk said Space Exploration Technologies Corp. (NASDAQ:SPCX) first AI satellites, powered exclusively by NVIDIA…
Alphabet Loses $692 Billion in Market Value as AI Questions Rise
(Bloomberg) — For much of the last year, Alphabet Inc. has been the Big Tech stock to beat…
Nvidia ships first H200 chips to China, but forecasts no data-centre computing revenue
Nvidia has confirmed its first shipments of H200 data-centre processors to China under a new US licensing scheme,…
AI Will Deflate Value of IT Work by Up to 25%, Hexaware CEO Says
(Bloomberg) — AI could lower the price of routine IT projects by as much as 25%, the head…
Apple Cuts Jobs in Siri, Vision Pro Immersive Video and Gaming Teams
(Bloomberg) — Apple Inc. is cutting jobs across teams responsible for the Siri digital assistant and the Vision…
The Mistral paradox: Europe’s push for tech sovereignty relies on China’s Z.ai
On August 11, a tiny line buried in a lengthy press release from French company Mistral AI spoke…
Luxury Sales Plunge in China as Tax Push Hits Wealthy Shoppers
(Bloomberg) — Global luxury brands are facing a deepening sales slump in China, as the country’s campaign to…
Alibaba Tops Chinese Tech Stocks This Quarter on AI Resurgence
(Bloomberg) — Alibaba Group Holding Ltd. is reclaiming its place as one of investors’ favorite Chinese technology stocks,…
SpaceX Attempted to Acquire AI Coding Startup Cognition
(Bloomberg) — SpaceX approached artificial intelligence coding startup Cognition AI Inc. about a potential acquisition, according to people…
Alphabet Kicks Off Aussie Dollar Bond Sale as AI Spending Soars
(Bloomberg) — Alphabet Inc. started marketing its debut Australian debt offering as the US tech giant targets its…
Why we still use GDP to measure economic growth
When it comes to measuring whether an economy is growing, Gross Domestic Product (GDP) is basically the gold…
Anthropic Revenue Surges to Over $11.5 Billion in Second Quarter
(Bloomberg) — Anthropic PBC is telling prospective investors its second-quarter revenue jumped at least 14-fold versus the same…