Search giant Google, part of the Alphabet group, is expanding its range of artificial intelligence (AI) chips. Two new variants of Google's so-called tensor processing units (TPUs) are being introduced.
TechnologyThe New York Stock Exchange was abuzz after the Democrats’ success in Tuesday’s midterm elections and a sharp decline in oil prices. Shares in health insurers and healthcare companies rose, but companies owned by President Donald Trump and Elon Musk plunged.
BusinessThe stock market has turned downwards after several AI-linked companies failed to meet expectations. Tech giants have invested trillions in a short time, and investors now want to know whether it is worth it. “The big cloud of concern is the enormous investments American companies are currently making in data centers and AI,” says Maria Landeborn, a savings economist at Danske Bank.
TechnologyOpenAI has raised less than half of the $30 billion it is seeking in its new investment round, sources told the Wall Street Journal. The tech giant is now reportedly lowering its target.
BusinessThe tech-heavy Nasdaq fell sharply in Friday trading, with several AI companies dropping by double digits. The broader stock market also fell heavily.
TechnologyThe Stockholm Stock Exchange's broad OMXS index is down 0.3 percent. Pharmaceutical giant AstraZeneca rises after its quarterly report.
BusinessSeveral stock market indexes in Asia are taking a beating amid the tech sell-off in the US and look set to end the week significantly lower.
TechnologyThe New York stock market closed lower on Thursday. Google owner Alphabet had its worst trading day ever, losing about $500 billion in market value.
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