Monday 17 June 2024

Amazon Just Made a $144 Million Investment in One Small AI Company

Amazon has just made a stunning $144 million investment in one small AI company. Why? Because this under-the-radar firm holds the key to unleashing the full potential of next-gen AI... Its technology is crucial for the most advanced AI chips, including Nvidia's latest breakthrough.  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
 
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Amazon's Betting Big on This Unknown AI Company - Ad

Amazon has just made a stunning $144 million investment in one small AI company. Why? Because this under-the-radar firm holds the key to unleashing the full potential of next-gen AI... Its technology is crucial for the most advanced AI chips, including Nvidia's latest breakthrough. Discover why
Will Your iPhone Support New Apple Intelligence Features? Here's What You Need To Know

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Where Buffett, Gates, and Bezos Are Investing Now - Ad

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From Nvidia's Stock Split, Intel's Revitalized AI Strategy To Tesla's Chip Saga: This Week In The World Of AI

Industry giants Nvidia and Intel made major moves this week, including a 10-for-1 stock split and new AI chips. Foxconn also predicts AI server sales surge. More Info ➔
This under-the-radar company is primed for an incredible year! - Ad

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AI 'gold rush' for chatbot training data could run out of human-written text

systems like ChatGPT could soon run out of what keeps making them smarter — the tens of trillions of words people have written and shared online. More Info ➔
Norwegian wealth fund to vote against Elon Musk's Tesla pay package

Norway's sovereign wealth fund operated by Norges Bank Investment Management said Saturday it will vote against Elon Musk's hefty CEO compensation package during Tesla's annual meeting on Thursday. More Info ➔
Disneyland employee dies after falling from moving golf cart in theme park backstage

ANAHEIM, Calif. (AP) — A Disneyland employee died after she fell from a moving golf cart in the backstage area of the Southern California theme park, authorities said Saturday. More Info ➔
How These 2 Nasdaq-Listed Marijuana Companies Found A Way To Raise $250M Without Tanking Their Stock

This week's Viridian Valuation Tracker investigates the valuation metrics of Canadian cultivation and retail companies with market caps over $100M. More Info ➔
Man Who Predicted Trump 2016 Win: "Prepare for Election Meltdown" - Ad

In 2016, surveys were giving Hillary Clinton more than 99% chance of winning right up until election night. But right before the election... Former advisor to the CIA, Jim Rickards predicted Trump would win. You won't believe what he's predicting now. And it could have huge implications for the financial markets. More Info ➔
As the need for copper rises, cable manufacturers recycle more

MONTREAL (AP) — In an industrial suburb of Montreal, sheets of copper move along a conveyor belt suspended four stories above the floor of a foundry — a metals plant — until they drop into a lava-hot furnace. Next come pieces of discarded copper wire. More Info ➔
Cybersecurity Provider CrowdStrike And These 2 Companies Make The Cut For S&P 500 Inclusion, Palantir Misses Out Yet Again

Palantir was once again overlooked, while an asset manager and two tech companies were deemed worthy of being added to the prestigious index. More Info ➔
Nvidia's AI Muscle Propels Stock Past Apple To No. 2 Spot On SPY Holdings: What Investors Need To Know

As of Tuesday's close, Nvidia's $2.864 trillion market cap trails Apple's $2.98 trillion by just $116 billion. More Info ➔
Corbus Pharmaceuticals Board Member To Sell Shares In Planned Trading

In a recent move signaling strategic financial planning, Corbus Pharmaceuticals Holdings, Inc. (NASDAQ: CRBP) announced that Dr. Yong Ben, a member of its board of directors, has adopted a Rule 10b5-1 trading plan. This decision, detailed in a Form 8-K filing with the U.S. More Info ➔
Gamestop shares slump following annual shareholder meeting

NEW YORK (AP) — CEO Ryan Cohen said the struggling video game retailer will focus on cutting costs and long-term profitability in an annual shareholder meeting Monday. More Info ➔
Democrats urge Justice Department to prosecute alleged collusion and price-fixing by oil industry

WASHINGTON (AP) — Senate Majority Leader and 22 other Democratic senators are calling on the Department of Justice to “use every tool” at its disposal to prevent and prosecute alleged collusion and price-fixing in the oil industry. More Info ➔

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