Meta revealed that it built a video-processing computer chip and another chip to help with A.I. tasks like recommendations.Story Published at: May 18, 2023 at 05:00PM
Meta pulls the curtain back on its A.I. chips for the first time
McCarthy says House could vote on debt ceiling deal as soon as next week
Story Published at: May 18, 2023 at 03:40PM
How luxury giant LVMH built a recession-proof empire
LVMH has built a powerful portfolio of 75 brands. In 2023, it became the first European company to reach a $500 billion value. Story Published at: May 18, 2023 at 02:23PM
A secretive annual meeting attended by the world’s elite has disruptive A.I. top of the agenda
OpenAI CEO Sam Altman will join forces with key leadership from Microsoft, DeepMind and Google Thursday as the secretive Bilderberg meeting kickstarts in Lisbon. Story Published at: May 18, 2023 at 02:32PM
Alibaba shares dip as quarterly revenues miss expectations
Alibaba posted a jump in revenue and profit in the company’s first quarterly earnings report since the Chinese e-commerce giant split into six units.Story Published at: May 18, 2023 at 12:19PM
As G-7 Summit kicks off in Hiroshima, China and Russia are on everyone’s minds
The leaders of the seven major industrial democracies will discuss the future of the global relations and its economy as the world faces a number of uncertainties.Story Published at: May 18, 2023 at 10:54AM
Market’s tech focus is ‘shortsighted,’ with a broader bull run coming, portfolio manager says
The market’s affinity for Big Tech stocks this year is shortsighted, according to portfolio manager Freddie Lait, who said the next bull market phase will broaden out.Story Published at: May 18, 2023 at 10:34AM
Global debt nears record highs as rate hikes trigger ‘crisis of adaptation,’ top trade body says
Global debt grew by $8.3 trillion in the first quarter of 2023 to a near-record high of $305 trillion.Story Published at: May 18, 2023 at 10:27AM
How the U.S. and South Africa ended up in a dispute over Russian gunrunning allegations
Relations between the U.S. and South Africa frayed last week, when U.S. Ambassador Reuben Brigety accused Pretoria of running guns for Russia via a mystery merchant ship.Story Published at: May 18, 2023 at 06:09AM
‘It’s a no-brainer’: U.S. beats UK investment scene, says British MP, calling for radical overhaul
Britain’s opposition finance minister on Tuesday lambasted the country’s business environment under the current Conservative government.Story Published at: May 18, 2023 at 06:10AM