Sitting on roughly $3.5 million in SpaceX shares, Chip, a former data scientist at Elon Musk’s aerospace behemoth, has recently bought meteorites worth $10,000 and a $5,000 fire truck. The 50-year-old space enthusiast is not sure how he will use the truck – maybe as an attraction for his 3-year-old kid’s birthday party. But his … Read more
Morgan Stanley said the recent weakness in US semiconductor stocks is a sign that the market gains are broadening, with investors likely to turn toward AI “hyperscalers” as well as consumer discretionary, transport and biotechnology shares. In a note dated Monday, the brokerage said hyperscalers — an industry term for tech companies that are spending … Read more
India’s digital public infrastructure transformed services like payments and identity. The next step, the article argues, is to build similar shared infrastructure for artificial intelligence. Trusted data, interoperable platforms, governance, and AI-ready talent could help India move beyond AI pilots and unlock more than $500 billion in economic value by 2030. India’s AI conversation is … Read more
From artificial intelligence and semiconductors to jobs and India’s tech ambitions, CNBC-TV18’s Voices of the Valley brought together technology lead…Read More 1/10 John Chambers, JC2 Ventures: Chambers said AI will be a major force shaping the next phase of technology, but companies will need to focus on execution and turning innovation into real outcomes. The … Read more
Investors are seeking signs that the US stock market rally fueled by artificial intelligence has more life left in it, and the upcoming Micron Technology earnings will check the pulse of chip demand to see if it is still accelerating. Despite a sharp mid-week selloff, major US stock indexes are hovering near all-time highs, supported … Read more
SpaceX’s bankers are preparing to meet investors as early as next week to discuss a bond offering of at least $20 billion, two sources familiar with the matter said on Thursday, as Elon Musk’s newly public company seeks funding for an ambitious and capital-intensive AI expansion. SpaceX’s AI ambitions come with a steep price tag, … Read more
Vamsi Boppana, AMD’s Senior Vice President of Artificial Intelligence, described the current AI wave as “a once in multi-generational opportunity”, driven by what he believes is a fundamental change in the way computing works. According to Boppana, the traditional model of computing that has dominated for decades is giving way to a new era of … Read more
Nvidia CEO Jensen Huang — whose work helped propel artificial intelligence — stressed in an Associated Press interview Tuesday that society needs to change with the advent of AI, arguing that a fuller embrace of the technology would improve people’s lives. Huang has been optimistic about AI’s potential to rapidly transform society, creating faster economic … Read more
Alphabet’s Google is in talks with Samsung Electronics to manufacture part of its next-generation chip, The Information reported on Thursday, citing two people familiar with the matter. Google plans for Taiwan’s TSMC to make the main part of the chip, codenamed ‘Icefish,’ while Samsung may produce a separate component that helps connect it to memory … Read more
Former Indian Navy officer Shayak Mazumder believes India’s AI opportunity extends beyond using AI tools to building the platforms behind them. Through Adya, he is creating a marketplace where developers can build, distribute and monetize AI applications. “AI is like a magic pill. You have it, I don’t. You will shoot ahead, and I will … Read more
