SK Hynix market cap briefly exceeded Samsung Electronics on Monday, June 22, ending a reign that stretched again to 2000 and marking one of the dramatic reversals in Korean company historical past. The new market cap high places the South Korean firm above the likes of Berkshire Hathaway, Eli Lilly, and Walmart. It can be…
Three catalysts are converging this week that might shift sentiment throughout equities, chips, and the inflation outlook. FedEx earnings, Micron’s fiscal Q3 outcomes, and the May Personal Consumption Expenditures value index are all due within the coming days. The mixture arrives at a tense second for markets nonetheless digesting the Iran warfare’s financial fallout and…
Charles Hoskinson is making a stronger case for synthetic intelligence as work on Midnight City progresses. The Cardano founder now treats brokers as the spine of how the community communicates and scales. Below is a breakdown of his latest remarks, plus a more in-depth take a look at what Midnight City is definitely attempting to…
Donald Trump instructed The Axios Show that he seen Anthropic as a nationwide safety risk only one week in the past. However, the president signaled that relations have improved after CEO Dario Amodei responded rapidly to the administration’s sturdy considerations. What Trump Said About Anthropic Axios journalist Marc Caputo asked Trump throughout a wide-ranging White…
Wall Street is drawing a transparent line between two of AI’s largest inventory winners. Analysts broadly again Nvidia at present costs and flag Micron Technology as overvalued heading into its June 24 earnings report. Wall Street’s value targets lay it naked. Nvidia trades close to $210. The 69 analysts masking it see $300, about 43%…
Noam Shazeer, Google’s vp of engineering and co-lead of its Gemini AI fashions, introduced on June 18 that he’s leaving the corporate to affix OpenAI. The departure lands lower than two years after Google paid a reported $2.7 billion to carry Shazeer again from Character.AI, the startup he co-founded after leaving Google in 2021. A…
South Korea’s KOSPI closed at a report 9,063.84 on June 18, crossing 9,000 for the first time in historical past. The index gained 2.25% on the day. Just two shares have been answerable for most of it. Samsung Electronics and SK Hynix collectively account for greater than 50% of the index by market worth. Both…
Midjourney, finest identified for its AI picture generator, is pivoting into medical {hardware}. The firm introduced Midjourney Medical, a venture to construct a full-body scanner that delivers high-resolution inner imaging in below 60 seconds with out radiation. The announcement joins a rising wave of AI-driven bets on healthcare. Midjourney is one among a number of…
Dario Amodei sat throughout from Donald Trump at a G7 working lunch in France on June 17 and urged world leaders to withstand fracturing over AI. Trump’s personal administration had banned Anthropic’s strongest fashions from export simply days earlier. The Anthropic chief govt advised leaders gathered in Évian-les-Bains that democratic nations should “resist the temptation…
Zach Pandl, Head of Research at Grayscale, highlighted decentralized AI as a serious alternative amid Anthropic’s mounting challenges, with Bittensor (TAO) rising as the protagonist of his report. The altcoin has already surged practically 30% in the final 5 days. Bittensor’s distributed structure positions it as a structurally resilient various as traders rethink publicity to…