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Arm sees AI as a key driver to its growth. The company stated in an earlier report that its AI proposition differs from other notable players.
The stock market reacted negatively to the Fed Chair’s comment indicating that the apex bank was uninterested in rate cuts until after March.
IBM disclosed that the Alliance will support projects addressing benchmarks, evaluation standards, and the deployment of resources essential for the ethical use of AI systems on a global scale.
Economists at Deutsche Bank foresee 175 basis points in rate cuts in 2024.
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.
The Dow had the weakest performance among the three major indexes during Tuesday’s session, primarily due to several declining stocks.
As investors and analysts await the official jobs report for October, the 2-year and 10-year Treasury yields moved in opposite directions.
There was a recorded rally among several stocks as the Federal Reserve decided that it would leave interest rates untouched.
AMD hopes to generate about $400 million in sales from its graphics processing units for AI workloads in the fourth quarter2023, which will result in a rise to $2 billion in fiscal 2024.
The upcoming chips will enhance Microsoft’s efforts to help chip companies build Arm-based processors for PCs running on Windows as well as strengthen Nvidia’s position in competing with Apple.
Following the Nod.ai acquisition, AMD shares gained nearly 2 percent to add to the impressive YTD performance of more than 68 percent.
Saudi Arabia and Chinese universities to work on AceGPT, an Arabic-focused AI system based on Meta’s LlaMA2, designed as an AI assistant for Arabic speakers.
The longstanding partnership between Microsoft and AMD has been a strategic alliance that has shaped the tech industry in various ways.
Arm has concluded its debut on the Nasdaq after launching an IPO where shares closed nearly 25% higher on the day.
Hugging Face provides various tools with AI code for data science hosting and development. The startup plans to use fresh funds for further expansion.