Asian stocks saw mixed performance following a downturn on Wall Street, largely driven by a decline in Nvidia shares. In Japan, the Nikkei 225 ended relatively flat as the government reported a slight increase in the inflation rate for May. Australia’s S&P/ASX 200 edged up, while South Korea’s Kospi and Hong Kong’s Hang Seng experienced … Read more
NVIDIA’s growth is driven by the high demand for AI chips, making it the most valuable company globally. The company is now planning to design server racks for its upcoming flagship GB200 AI chips, challenging server designers like Dell, HPE, and Supermicro. While these server makers have benefitted from increased sales of Nvidia chips, the … Read more
HPE recently discussed the concept of the “Sphere Effect” and the future of corporate keynotes. The company emphasized the importance of creating engaging and immersive experiences for audiences through interactive presentations and digital technology. HPE believes that the traditional corporate keynote needs to evolve to better capture the attention of attendees and deliver key messages … Read more
Bitcoin has experienced a recent drop in value, falling from over $71,000 to around $65,000. Barry Bannister, chief equity strategist at Stifel, is concerned about this decline and its potential impact on the broader market. He believes that Bitcoin’s weakening could indicate an impending correction in the S&P 500, as both have been influenced by … Read more
The UNESCO report on AI and the Holocaust warns about the spread of disinformation as reliance on AI for information increases. Google’s new generative search feature is highlighted as a potential source of misleading information, although it has shown efforts to combat this by providing accurate information and redirecting users to reliable sources. However, relying … Read more
Advanced Micro Devices Inc. (AMD) confirmed that a recent cyberattack by a group called Intelbroker did not compromise any critical business information. The intrusion only obtained a limited amount of information related to the assembling of certain AMD products from a third-party vendor’s site. AMD reassured that this data breach would not have a significant … Read more
Recently, Microsoft announced a round of layoffs that will impact workers who operate Azure, the company’s cloud service platform. These layoffs are part of Microsoft’s broader restructuring efforts, which aim to streamline operations and cut costs. While the exact number of layoffs is not yet known, it is expected that a significant number of workers … Read more
On October 30, 2023, Broadcom’s fiscal year ended, marking the anticipated completion of its $61 billion acquisition of VMware. Shareholders had until October 23 to decide on accepting stock or cash, with 96% choosing stock. Despite gaining South Korea’s conditional approval, China delayed its approval until November 21, potentially in response to US chip sanctions. … Read more
The digital competition bill is causing concern among users as it could potentially impact how they search on Google. While the bill is well-intentioned, aiming to promote competition in the digital space, there are fears that it may have unintended consequences for everyday internet users. The bill aims to address the dominance of tech giants … Read more
Apple identified a cloud security issue within Amazon Web Services (AWS), leading to changes in the data deletion process. This discovery occurred in early 2023 when Apple noticed suspicious activity in terminated AWS accounts. The concern arose when it was revealed that data from approximately 2,200 closed accounts had not been deleted after 90 days, … Read more