A federal judge recently dismissed criminal cases against former FBI Director James Comey and New York Attorney General Letitia James. The judge ruled that the prosecutor, Lindsey Halligan, was not lawfully appointed. This decision is a blow to former President Trump's efforts to pursue legal action against his political opponents. Comey remains cautious, believing T...
In the world of tech, big things are happening. Microsoft and Nvidia are teaming up to put a huge $15 billion into a company called Anthropic. This company made a chatbot named Claude. Microsoft is putting in $5 billion of that. This is a big deal because it makes Anthropic a strong rival to another AI company, OpenAI, where Microsoft also has a stake. But wait, the...
Big tech companies like Microsoft, Google, and Amazon have been pouring massive amounts of money into AI. Over $600 billion has been spent between 2023 and this year alone. These companies started with strong financial positions, so the spending hasn't caused major issues yet. But the constant outflow of cash is starting to show. Their financial health might need a s...
Investors are on edge about tech stocks, especially those tied to artificial intelligence. The excitement around AI has pushed up stock prices, but now people are wondering if this is sustainable. Nvidia, a major player in AI chips, is at the heart of this trend. Its performance is crucial not just for tech, but also for other sectors like industrials and utilities....
The stock market is set to open with some big news. The government shutdown is over, but not everyone is happy. The deal to reopen the government didn't include everything Democrats wanted, like extra Obamacare money. But it did promise a vote on a health care bill they like next month. The deal also means food stamps will keep coming, and government workers will get...
Microsoft is putting a lot of money into the United Arab Emirates. They plan to spend over $15 billion by 2029. This is big news because the UAE wants to be a leader in artificial intelligence. They are using their strong ties with the U. S. to get the latest technology, including advanced computer chips. Brad Smith, a top executive at Microsoft, talked about this. ...
Wall Street is going all-in on AI, and the big banks are leading the charge. JPMorgan Chase, for instance, has a massive technology budget of $18 billion, with a significant chunk dedicated to AI. The bank's CEO, Jamie Dimon, is a big fan of their generative AI suite, which has been rolled out to over 200, 000 employees. With around 100 more AI tools in the pipeline,...
The AI revolution is here, and it's not just about the chips. The real game-changer is how these powerful brains communicate. Traditional copper cables are struggling to keep up with the massive data demands of advanced AI models. This is pushing the industry towards a costly but necessary shift to optical technology. But why is this important? Well, AI is not just ...
Tech stocks took a hit, but not all news was bad. Meta and Microsoft, both big names, saw their shares drop despite good earnings reports. Meta's stock fell hard, but some see this as a chance to buy low. Meanwhile, Microsoft's stock also dipped, but there's hope it will bounce back. The Federal Reserve's recent interest rate cut was seen as a smart move. It didn't ...
In a surprising move, Nvidia is putting its money where its mouth is, investing a whopping $1 billion in Nokia. This isn't just any investment; it's a strategic bet on Nokia's shift from making mobile network gear to diving headfirst into artificial intelligence. Nokia's shares got a serious boost, jumping the most in over a decade. Why? Because Nvidia is not just t...