Wall Street is feeling the heat as tech stocks, once the darlings of the market, are taking a nosedive. The S&P 500 dropped 1. 2% from its record high, while the tech-heavy Nasdaq composite fell 1. 8%. The Dow Jones Industrial Average wasn't spared either, shedding 266 points from its recent peak.
Raymond Zhao, a 23-year-old entrepreneur, has taken a bold step away from the finance world and into the exciting realm of artificial intelligence. His story begins with a dream to work at Goldman Sachs, a prestigious investment bank. He moved from Australia to the UK to study mathematics and statis
Meta, the company behind Facebook, is making big changes to its AI team. They are letting go of about 600 people from their superintelligence lab. This news came from a memo written by Meta's chief AI officer, Alexandr Wang. The memo said that with fewer people, decisions can be made faster and each
AI agents, powered by large language models, were supposed to be a big deal. They were meant to plan and carry out tasks on their own. But so far, they haven't lived up to the hype. Many companies are struggling to figure out how to use them effectively. One big problem is that AI agents aren't ver
Scale AI has been a key player in the AI world. It is a company that helps other companies label data. That data is used to train AI models. This is a big deal because AI models need lots of good data to work well. But now, things are changing. OpenAI, a big name in AI, is stepping back from it
Microsoft recently threw a big party to celebrate its 50-year milestone. At this event, they unveiled a bunch of cool updates for their AI assistant, Copilot. The goal is to make Copilot more personal and handy for everyday tasks. The AI chief, Mustafa Suleyman, shared his vision. He wants each
A new player has entered the AI arena, and it’s making waves. DeepSeek, a Chinese AI startup, has just released a new model called DeepSeek-V3-0324. This model is special because it can run on a Mac Studio with an M3 Ultra chip, which is a big deal for anyone who wants to use AI without needing a su
In the world of AI, things are heating up. Chinese tech companies are making big moves! For starters, Moore Threads and Kunlun, both of them are big names in Chinese AI hardware, have started supporting DeepSeek's AI models on their GPUs. This means that Moore Threads' MTT S80 and MTT S400
Believe it or not, the demand for Nvidia’s artificial intelligence (AI) products is not slowing down. Jim Cramer from CNBC recently shared his thoughts on this, expressing his confidence in Nvidia and its CEO, Jensen Huang. Despite some concerns on Wall Street, the need for Nvidia’s chips is only ge
