UBS (UBS), the bank that bought Credit Suisse for about $3 billion, fell 0.9% after being downgraded to Hold from Buy by Jefferies analysts. Activision Blizzard (ATVI) rose 5.9% after the UK Competition and Markets Authority said it no longer feared Microsoft (MSFT) would use its $68.7 billion deal to video game maker hooks Call … Read more
Good morning! Welcome to Distributed Ledger. Meet Frances Yue, crypto reporter at MarketWatch. Coinbase crypto exchange PIECE OF MONEY said Wednesday that he received a Wells notice from the Securities and Exchange Commission, which could lead to formal charges. The SEC’s Wells notice related to an unspecified portion of the exchange’s listed digital assets, its … Read more
Nvidia Corp. is in a unique position to benefit from what is being called an artificial intelligence revolution, analysts say, as the chipmaker’s stock hit its best winning streak since 2007 on Wednesday. At Nvidia NVDA annual GTC developer conference, the gaming chip specialist has rolled out a slew of hardware and software products designed … Read more
Bill Gates has said he thinks artificial intelligence is the most revolutionary technology he’s seen in decades, on par with computers, cellphones and the internet. “The development of AI is as fundamental as the creation of the microprocessor, the personal computer, the Internet and the mobile phone,” he wrote in a blog post on Tuesday. … Read more