Elon Musk and Sam Altman renewed their public feud on X this weekend. The conflict got here days after Apple sued OpenAI over alleged commerce secret theft. The alternate escalated rapidly, with each billionaires buying and selling insults tied to their firms’ competing synthetic intelligence ambitions. A Rivalry Reignited The spat follows Musk’s May trial…
HDFC Bank ended the March monetary 12 months with 3,343 fewer staff, a serious contraction for India’s greatest non-public lender. Total headcount stood at 211,178 as of March 31, down from 214,521 a 12 months earlier. The lender mentioned it’s steadily transferring routine processing onto digital and automatic techniques. AI Automation Hits Back-Office Jobs Hardest…
China now accounts for roughly 40% of the 50 most generally used synthetic intelligence (AI) fashions worldwide. Its fashions have additionally overtaken US rivals in month-to-month token utilization. The numbers level to builders more and more reaching for Chinese methods, whilst US utilization retains rising. China Closes the Gap in Global AI Usage Just 5…
Robinhood will quickly let eligible US prospects join a man-made intelligence (AI) agent to a devoted account and commerce crypto on their behalf. The dealer introduced the growth throughout a latest presentation, including crypto to a product it first opened to equities in May. Crypto is coming to agentic buying and selling. Eligible US prospects…
JPMorgan’s synthetic intelligence (AI) brokers beat a conventional 60/40 portfolio throughout twenty years of backtests. The financial institution celebrated the outcome, then warned buyers to not belief it. The take a look at asks whether or not AI can transfer from helping analysts to allocating capital itself. It lands as Jack Dorsey champions a related…
Empery Digital has bought 1,400 Bitcoin (BTC) since early May, reducing its Bitcoin holdings by roughly 48%. The sale raised about $87.1 million because the Nasdaq-listed agency pivots towards AI infrastructure. The firm bought at a median worth of $62,200 per token, in accordance with a securities submitting. It joins a rising listing of treasury…
Binance customers doubled their flows to synthetic intelligence (AI) reminiscence shares to $133 million final week, concentrating capital into a key theme even because the sector bought off. The transfer ran towards the tape. Memory names had been promoting off, but SanDisk (SNDK) and Micron (MU) collectively accounted for 79% of web fairness inflows on…
SK Hynix priced its American depositary shares at $149 every. Trading begins right now, July 10, on the Nasdaq below the momentary ticker SKHYV. The inventory converts to its everlasting ticker, SKHY, on Monday. The South Korean reminiscence chipmaker goals to increase about $26.5 billion (round 40 trillion Won) by way of the providing, with…
MARA, a significant Bitcoin (BTC) mining firm, will purchase a big Texas website as soon as deliberate as a inexperienced gasoline plant. The firm will flip the land into versatile energy for mining and synthetic intelligence (AI) tenants. The take care of gasoline developer HIF Global may attain $600 million if targets are met. It…
Temasek Holdings is not going to add new cryptocurrency publicity. The $400 billion Singapore state investor will as a substitute deepen its wager on synthetic intelligence. Nagi Hamiyeh, president of Temasek Global Investments, instructed CNBC that regulatory uncertainty is driving the shift. A lingering $275 million write-off from the 2022 FTX collapse additionally weighs on…