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Artificial intelligence

Computer systems that learn from data to write, see, speak and reason, and the companies racing to build them.

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Senator calls for Nvidia CEO’s resignation amid espionage allegations

Republican Senator Kevin Cramer is urging Nvidia CEO Jensen Huang to resign, citing national security concerns related to an alleged affair with a suspected Chinese intelligence operative. Cramer’s call follows a New York Times report detailing that Alice Huang, a businesswoman linked to Megaspeed, is believed by U.S. officials to be a Chinese intelligence asset who may have facilitated the transfer of advanced Nvidia chips to China.

10:32 a.m. · TheBizNews desk 1 min read

Markets

AI sector recovery boosts US stock market

New York – Shares in the artificial intelligence sector experienced a rebound on Wednesday, contributing to a lift for the U.S. stock market. The S&P 500 increased by 0.9 per cent, aiming for its…

10:20 a.m.

Tech

Chip stocks rebound as NVIDIA gains despite downgrade

NVIDIA shares rose 4% in morning trading on November 11, tracking for their largest single-day gain since late August, despite a downgrade from Baird and ongoing concerns about leadership. The stock…

9:31 a.m. Widely reported

Tech

Chinese University linked to military obtains restricted Nvidia AI chips

A Chinese university with strong connections to the People’s Liberation Army acquired Nvidia’s H200 AI chips last month, despite being on a U.S. export blacklist, according to procurement records…

9:19 a.m.

Economy

EU proposes Digital Fairness Act to protect consumers

The European Commission has unveiled a Digital Fairness Act (DFA) aimed at bolstering consumer protection in the digital realm and cracking down on unfair practices. The proposed legislation…

8:30 a.m. Widely reported

Markets

AI investment frenzy unwinds, leaving hedge funds reeling

A tumultuous week on Wall Street saw widespread losses across equity, macro, credit, and stock-picking hedge funds, a situation described by Bloomberg News’ Nishant Kumar as unprecedented in his 16…

8:06 a.m.

Tech

Nvidia shares face governance concerns, trading below analyst targets

Nvidia (NASDAQ:NVDA) is currently trading at $168.89, and has experienced a recent decline as concerns over governance practices have led investors to apply a discount to the stock. Over the past…

7:47 a.m.

Tech

CoreWeave surge boosts cloud stocks amid Nvidia investigation

Early gains in CoreWeave shares are providing a lift to neocloud stocks and supporting the broader chip sector, even as Nvidia faces scrutiny over alleged security breaches.

7:17 a.m.

Tech

UAE Banks prepare for AI-driven revolution in financial services

The banking sector in the United Arab Emirates is on the cusp of significant change, driven by the rapid integration of artificial intelligence across various operations. Recent discussions at the…

6:29 a.m.

Tech

Nvidia stock faces pressure amid concerns over further declines

Nvidia shares are experiencing significant pressure, raising concerns among investors about the potential for further declines following a years-long rally. While massive pullbacks have been a…

2:02 a.m.

Markets

Investor sentiment shifts to safer bets amid market uncertainty

Analysts are observing a change in investment strategy, with investors moving away from technology stocks and towards more stable, defensive sectors. This shift is being described as markets…

1:20 a.m.

Policy & trade

U.S. and China launch AI dialogue amidst competition

The United States and China must acknowledge their ongoing disagreements while collaborating to mitigate potential dangers associated with artificial intelligence, according to Treasury Secretary…

1:02 a.m.

Tech

Alibaba to spin off chip unit T-head in Hong Kong listing

Alibaba Group announced Tuesday evening that its semiconductor subsidiary, T-Head, will be spun off and listed on the Hong Kong Stock Exchange. The move, subject to regulatory approvals from the…

Yesterday, 10:56 p.m.

Tech

AI firm Anthropic prepares for potential record-breaking IPO

CNBC’s Jim Cramer believes the rapid revenue expansion of Anthropic supports its valuation exceeding $1 trillion, setting the stage for what could be a historic initial public offering.

Yesterday, 7:16 p.m. Widely reported

Markets

AI boom shifts Bitcoin miner revenue, but sales continue

Bitcoin mining companies are increasingly generating revenue from hosting artificial intelligence (AI) clients, with estimates suggesting this could account for half of their income by late 2026…

Yesterday, 6:21 p.m.

Companies

CoreWeave’s strong earnings and upbeat forecast defy AI concerns

CoreWeave announced better-than-expected revenue and increased its 2026 guidance on Tuesday, signaling continued strong demand for artificial intelligence infrastructure despite recent market…

Yesterday, 5:14 p.m.

Tech

Anthropic’s IPO pitch highlights compute power and safety focus

Anthropic has released a roadshow video as part of its preparations for an initial public offering. The 42-minute video aims to persuade investors to support the AI company’s public offering.

Yesterday, 5:02 p.m. Widely reported

Companies

AI firm Anthropic anticipates $41.5 million in legal costs for IPO

Anthropic, the artificial intelligence company, anticipates substantial legal expenses as it prepares for its initial public offering. According to a filing submitted Tuesday, the company projects…

Yesterday, 2:16 p.m. Widely reported

Tech

Inflationary concerns and Anthropic disappointment weigh on wall street

The expectation of rising interest rates due to higher consumer prices in October, as well as a lower valuation of the AI company Anthropic in its planned initial public offering, led to a moderate…

Yesterday, 12:44 p.m. Widely reported

Tech

La Poste capitalizes on the rise of social commerce via networks

La Poste, through its Colissimo subsidiary, is actively engaging in social commerce, a rapidly growing online shopping practice, notably thanks to a partnership with TikTok Shop.

Yesterday, 12:20 p.m. Widely reported