Ark Invest seems to be rearranging its investment portfolio and has continued to sell huge amounts of Coinbase, while acquiring Robinhood shares.
Shein has hired three US-based financial companies – Goldman Sachs, JPMorgan Chase, and Morgan Stanley – as underwriters for the upcoming IPO.
COIN is presently trading at $119 after closing at $115 on November 27, which is the highest close since May 2022. The price now has minimal resistance ahead as it is moving toward $130, the May 2022 high.
The Financial Stability Board removed Italy’s UniCredit the list of global systemically important banks.
HIVE has now added the location in Sweden to mining facilities in Canada and Iceland.
Nvidia is also working on two other chips, the L20 and L2, for the Chinese market. According to the Reuters report, one of the chips, L20, is not facing delays and is expected to launch according to the original schedule.
Gates particularly emphasizes AI’s positive impact on productivity in fields such as programming, testing, and healthcare, where it could streamline processes and reduce paperwork for professionals.
While there are no specifics on price, amount expected, or location, Honor has revealed plans for an IPO years after leaving Huawei.
With this acquisition, CoinGecko plans to integrate Zash’s NFT data into its Application Programming Interface (API) by the second quarter of next year.
Altman’s return could have far-reaching implications for OpenAI’s strategic direction. His previous tenure with the organization saw a strong emphasis on collaboration and partnerships with industry leaders.
Amid exports restrictions on AI chips introduced by the US government, Nvidia expects a slowdown in the revenue growth in the ongoing Q4 quarter leading to a selling pressure on its stock.
OpenAI’s offer also included making Anthropic’s CEO and co-founder Dario Amodei a replacement for Altman.
Amid the uptick in the bond yields, the Fed is less likely to continue with future rate hikes. This might lead to loosening of liquidity in the market thereby driving S&P 500 higher.
Nvidia is expected to report revenue growth in the Q3 2023 earnings result today, thus boosting shareholders’ confidence amid high demand from AI companies.
The OpenAI employees said in the letter that the board’s ousting of Altman shows a lack of competence to manage the firm and help it achieve its goal of becoming the leading global artificial intelligence company.