The FinTech Hub
Source: Live Mint Advanced Micro Devices (AMD) has revealed its next major push into artificial intelligence hardware, unveiling a new AI server platform calledHelios, designed to challenge Nvidia’s dominance in the sector. Speaking at the company’s “Advancing AI” developer conference, CEO Lisa Su outlined AMD’s roadmap through 2026, including the launch of the MI350 and…
Source: Live Mint The Joe Biden administration has unveiled sweeping curbs on the sale of advanced AI chips by semiconductor companies including Nvidia Corp. The new rules will limit the number of AI chips that can be exported to most countries. It will allow unlimited access to US AI technology for America’s closest allies, while…
Source: Live Mint Broadcom jumps as it forecasts Q1 revenue above estimates Chip stocks post varied performance Investors await Fed’s Dec. 17-18 meeting (Recasts with preliminary market close) Dec 13 (Reuters) – U.S. stocks closed out the trading week near the unchanged mark in a subdued session on Friday, with the S&P 500 and Dow…
Source: Live Mint Jensen Huang, chief executive officer (CEO) of artificial intelligence (AI) giant Nvidia, has revealed that six years ago Prime Minister Narendra Modi had asked him to address his cabinet on AI, said a report by India Today. “About 6 years ago, when I first met Modi Ji, he asked me to meet…
Source: Live Mint Mr Pichai is not alone. New Street Research, a firm of analysts, estimates that Alphabet, Amazon, Meta and Microsoft will together splurge $104bn on building AI data centres this year. Add in spending by smaller tech firms and other industries and the total AI data-centre binge between 2023 and 2027 could reach…
Source: Live Mint In 2023 Apple released the iPhone 15 Pro, powered by the a17 bionic chip, with 19bn transistors. The density of transistors has doubled 34 times over 56 years. That exponential progress, loosely referred to as Moore’s law, has been one of the engines of the computing revolution. As transistors became smaller they…
Source: Live Mint New Delhi: If Bhavish Aggarwal, founder of now-listed Ola Electric, is known to dream big, his newest ambition is audacious by even his standards: to build “India’s first AI (artificial intelligence) chips” in four years. Such a plan would thrust Aggarwal, who is likened to Elon Musk for his public persona, into…
