NVIDIA Corporation (NVDA) has experienced remarkable growth over the past decade. Historical stock price trends As of 10th May 2024, NVIDIA’s closing stock price stood at: $898.78 NVIDIA’s stock reached an all-time high of $950.02 on 25th March 2024. The 52-week high stands at $974.00, which is 9.7% higher thanRead More →
Arm, with a 90% holding by SoftBank, is reportedly set to establish an AI chip unit with the goal of developing a prototype by spring 2025. This initiative is aimed at catching up with the booming AI market, currently dominated by Nvidia. Arm, alongside competitors such as AMD, Intel, andRead More →
Scientists have recently achieved a remarkable breakthrough by creating pure silicon, which could pave the way for quantum computing The world’s purest silicon Researchers have developed an ultra-pure form of silicon, known as silicon-28 (Si-28), which is fundamental for ‘silicon-spin qubits’ in quantum computers. This advancement addresses a major challengeRead More →
UK chip designer Arm’s shares fell on Thursday 9th May 2024, subdued by revenue forecasts despite a strong sales quarter fueled by demand for AI applications. Arm announced a 47% increase in fiscal Q4 revenue to $928 million on Wednesday. This surge was propelled by its licensing business, which sawRead More →
Buy gold bars from South Korea’s convenience stores and vending machines South Korean convenience stores are now the latest attraction for gold enthusiasts. Instead of the typical snacks and beverages, customers can now buy gold bars. Convenience store gold bars GS Retail, one of South Korea’s largest convenience store chains,Read More →
Apple, renowned for its innovative consumer electronics, is reported to be branching into artificial intelligence (AI). Recent reports suggest the company is developing a project dubbed ‘Project ACDC,’ (Apple Chips in Data Centre) with the goal of creating specialized AI chips for data centres. The AI race AI applications areRead More →
The breach involved a third-party payroll system used by the MoD The compromised system contained names and bank details of both current and past members of the UK armed forces. While the full extent and consequences of the breach are still under investigation, preliminary results reportedly indicate that no data was extracted during the incident.Read More →
Apple shares rose by 7% in after-hours trading on Thursday 2nd May 2024, following the company’s announcement of fiscal second-quarter earnings that exceeded expectations, coupled with the unveiling of an expanded stock repurchase program. The tech giant disclosed that its board has approved a new $110 billion share buyback plan,Read More →
Changpeng Zhao (CZ), the founder of Binance, who admitted to money laundering offences in November 2023, received a four-month prison sentence on Tuesday 30th April 2024. U.S. prosecutors had suggested a sentence of 36 months for Zhao. As part of his deal with the Justice Department, the cryptocurrency billionaire resignedRead More →
Tesla’s shares surged on Monday 29th April 2024, marking their best performance since March 2021, following the company’s achievement in advancing its driver-assistance technology in China. The stock closed 15% higher, buoyed by investor enthusiasm over Tesla CEO Elon Musk’s visit to China. On Sunday 28th April 2024, Tesla announcedRead More →
Chinese automotive giant BYD has experienced a decline in profits amid a slowdown in electric vehicle (EV) demand and a price war in the largest car market globally. The company reported earnings of $630 million (£502 million) for the first quarter, a drop of over 47% from the previous quarter.Read More →
Intel shares fall after company provides weak forecast for earnings, but disappoints with sales. The stock fell 8% in extended trading. Monthly stock price chart for Intel Corp. March to April 2024 Intel actual versus consensus expectations for the quarter ended in March 2024: Earnings per share: 18 cents vs.Read More →
Private equity firm Thoma Bravo has agreed to acquire Darktrace in a $5.32 billion (£4.25 billion) cash acquisition. This translates to roughly $7.75 (£6.20) per share, which is a 44% premium over the company’s average share price as calculated over the last three months. Darktrace, headquartered in Cambridge, focuses on cybersecurity, employingRead More →
Microsoft’s Q3 results surpassed estimates for both revenue and earnings. But the revenue forecast for Q4 was less than anticipated, with the company reportedly projecting $64 billion, which is below the consensus of $64.5 billion – (only just). Revenue: $61.86 vs. $60.80 billion expected Earnings per share: $2.94 vs. $2.82 expected Additionally,Read More →
AI startup Synthesia on Thursday 25th April 2024 announced its ‘Expressive Avatars’. These are AI-generated digital avatars that can express human emotions including happiness, sadness, and frustration. Synthesia, supported by the tech giant Nvidia, reportedly secured an investment of $90 million in 2023, reaching a valuation close to $1 billion.Read More →
Powering artificial intelligence (AI) models takes a substantial toll on our planet’s energy resources. Delving deeper into AI, it becomes crucial to comprehend the environmental impact of this technological revolution. Current trends A new peer-reviewed study featured in ‘Joule‘ highlights the significant energy requirements of AI. The research, carried outRead More →
Voyager 1, launched in September 1977, holds the distinction of being the furthest human-made object from Earth. It embarked on an incredible journey, venturing beyond the boundaries of our solar system and into interstellar space. Here’s the latest update on this iconic spacecraft Communication On 14th November 2023, Voyager 1 experienced anRead More →
Bitcoin halving is a significant event in the cryptocurrency world What is Bitcoin Halving? Bitcoin halving, which happens roughly every four years, cuts the rate of new Bitcoin creation by half. This event is tied to the method of recording and generating Bitcoins. Transactions are logged on a blockchain, a ledgerRead More →
UK police have dismantled a gang that provided a technology service enabling criminals to use fraudulent text messages to defraud victims Britain’s Metropolitan Police announced on Thursday 18th April 2024 that the ‘LabHost‘ website had been utilised by 2,000 criminals to pilfer personal details from users. The police have reportedlyRead More →
Meta’s complimentary artificial intelligence (AI) assistant, known as Meta AI, is being introduced across its social media platforms, including WhatsApp, Instagram, Facebook, and Messenger. The assistant is reportedly designed to respond to queries, craft animations, and produce ‘high-quality’ images, according to Meta CEO Mark Zuckerberg in a recent video posting.Read More →
The statement that a single speck of dust is halfway between the size of an atom and the entire planet Earth is a fascinating way to think about scale, and it’s based on a logarithmic, not linear, scale. A fun fact On a linear scale, the size of a dustRead More →
TSMC stands as the world’s foremost producer of sophisticated processors, boasting clientele that includes industry giants like Nvidia and Apple Unprecedented demand for AI chips is being led by the proliferation of large language models such as ChatGPT and Chinese equivalents. Taiwan Semiconductor Manufacturing Company (TSMC) on Thursday 17th April 2024 beatRead More →
Nvidia, manufacturer of one of the most advanced graphics processing units (GPUs), has significantly benefited from the artificial intelligence (AI) surge due to the high demand for its microchips. The company’s shares have fallen 10% from their recent all-time high, which was over $950. On Tuesday, 9th April 2024, theRead More →
The recent surge of interest in artificial intelligence (AI) has ignited a significant rally in technology stocks. Firms engaged in AI development, such as semiconductor producers crucial to AI technology and cloud service providers offering the necessary computing infrastructure, have experienced significant returns. The stock market is abuzz with excitement over artificialRead More →
Generative Artificial Intelligence Artificial intelligence (AI) is not only a powerful tool for solving problems but is also a source of creativity and innovation. Generative AI is a type of AI that can create new and realistic content, such as images, text, music, software, and product designs, by learning fromRead More →
The CEO of Tesla, Elon Musk recently made an announcement regarding the company’s robotaxi. According to his social media post on X, Tesla will unveil its robotaxi product on 8th August 2024. This project has been a topic of discussion for several years and could potentially represent a significant new business venture for Tesla. Read More →