Oracle Posts Cloud Sales That Top Estimates on Surging AI Demand
(Bloomberg) — Oracle Corp. reported growth in its cloud computing business that topped analysts’ estimates, suggesting the company’s…
Huawei Lifted Prices for Its Best AI Chip By 60% This Summer
(Bloomberg) — Huawei Technologies Co. has notified some clients that it’s significantly increasing the prices of its most…
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…
America’s Population of 401(k) Millionaires Keeps Growing, Buoyed by Markets
You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. (Bloomberg) — Retirement feels…
SpaceX’s Musk, David Sacks to Join Altman, Huang at G20 Event
(Bloomberg) — SpaceX Chief Executive Officer Elon Musk, who ran a brazen campaign in Washington to cut government…
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,…
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…
Nvidia to Pay Poolside a $6 Billion License, Tap Startup’s Staff
(Bloomberg) — Nvidia Corp. has agreed to pay $6 billion to license artificial intelligence models from Poolside and…
Goldman Says Slowing Inflation Is Best Path to Lower US Yields
(Bloomberg) — For all the US Treasury’s efforts to stem rising borrowing costs, cooling inflation remains the most…
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,…
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…