Nvidia stock posts best winning streak since 2007 as AI advantage slammed ‘insurmountable’

Nvidia stock posts best winning streak since 2007 as AI advantage slammed ‘insurmountable’

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

US SEC threatens to sue Coinbase over certain crypto products

March 22 (Reuters) – The U.S. Securities and Exchange Commission (SEC) has threatened to sue Coinbase Global Inc (COIN.O) over some of the crypto exchange’s products, mounting pressure on the largely unsettled industry. regulated. Coinbase shares fell nearly 13% to $67.33 in extended trading after the company said Wednesday that the regulator had issued it … Read more

Coinbase Warned by SEC of Potential Securities Charges

In this photo illustration the Coinbase logo seen displayed on a smartphone screen. Raphael Henrique | SOPA Images | Light flare | Getty Images The Securities and Exchange Commission issued a notice to crypto exchange Coinbase a Wells, warning the company that it had identified potential violations of US securities law. Coinbase shares fell about … Read more

SEC hits Jake Paul, Lindsey Lohan and Justin Sun with crypto breaches

The SEC unveiled charges against diplomat Justin Sun for fraud and securities violations, while also charging celebrities including Jake Paul and Lindsay Lohan. The charges relate to Sun’s alleged business manipulation of two crypto tokens and celebrity endorsements that did not disclose compensation. The solicitation violations were almost all settled without admission or denial of … Read more

Bill Gates Says Artificial Intelligence Is The Most Revolutionary Technology In Decades

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

GameStop’s surprise profit triggers a short squeeze and a rally in meme stocks

March 22 (Reuters) – Meme GameStop Corp (GME.N) stock jumped nearly 40% on Wednesday as the video game retailer’s profitable first quarter in two years squeezed bearish investors and sparked a surge in other popular stocks among retail traders. AMC Entertainment Holdings Inc (AMC.N) gained 3.4%. AMC and GameStop have been at the heart of … Read more

These Employees Are Not Afraid Of ChatGPT Taking Their Jobs

Office drama is brewing when employees — and their bosses — are allowed to use ChatGPT at work. Generative artificial intelligence technology from OpenAI – a billion-dollar-backed startup from Microsoft Corp. – was launched at the end of November and was immediately adopted by many workers to create professional-looking emails and PowerPoint presentations, as well … Read more

Virgin Orbit nears $200 million deal as early as Thursday

A general view of Cosmic Girl, a converted Boeing 747 carrying the LauncherOne rocket under its left wing, as final preparations are made at Cornwall Newquay Airport on January 9, 2023 in Newquay, United Kingdom. Matthew Horwood | Getty Images Virgin Orbit is in final talks to raise funds from Texas-based investor Matthew Brown, two … Read more

HSBC saves the UK branch of the distressed Silicon Valley Bank

US authorities support depositors UK deal ends frantic weekend talks UK Finance Minister: Safe Deposits LONDON, March 13 (Reuters) – HSBC (HSBA.L) bought the struggling UK arm of Silicon Valley Bank on Monday for a token pound, rescuing a key lender to Britain’s tech start-ups and helping to curb fallout from the biggest bank failure … Read more

Chinese companies and tycoons rush to calm investors after SVB collapse sparks anxiety

hong kong CNN — The collapse of Silicon Valley Bank (SVB), which courted Chinese start-ups, has sparked widespread concern in China, where a series of founders and companies have rushed to appease investors claiming their exposure is insignificant or non-existent. SVB, which worked with nearly half of all venture capital-backed tech and healthcare companies in … Read more