On Tuesday, the company’s CEO Jensen Huang announced a wide-ranging set of partnerships and products that enable this latest wave of artificial intelligence services—all powered by Nvidia’s semiconductors. “Generative AI’s incredible potential is inspiring virtually every industry to reimagine its business strategies and the technology required to achieve them,” Huang said during the Nvidia (ticker: … Read more
Bitcoin and other cryptocurrencies settled lower Tuesday after a rally that carried digital assets to their highest point since last summer. While the Federal Reserve decision Wednesday is the next key catalyst, cryptos show signs of fundamental strength. The price of Bitcoin has fallen 2% over the past 24 hours to $27,750 after the largest … Read more
Shares of Indonesia’s GoTo sunk 2.78% in early hours of trading on Tuesday, after the firm reported a wider net loss in 2022. While fourth-quarter 2022’s adjusted EBITDA loss improved, the company still lags behind peers such as Grab and Sea Limited, said DBS analyst Sachin Mittal. GoTo management previously promised cost costs, including two … Read more
American depositary receipts of Swiss bank Credit Suisse (ticker: CS) plunged more than 47% to about 83 cents after larger rival UBS (UBS) agreed to buy Credit Suisse in a deal valued at about $3.2 billion. The merger of Switzerland’s two largest banks—engineered over the weekend by Swiss authorities—comes against a backdrop of industry turmoil. U.S.-listed shares … Read more
Bitcoin and other cryptocurrencies marched higher again Monday, continuing a recent rally into a new week in the face of turmoil across financial markets. There are at least five reasons why digital assets may be outperforming—and one is key for stocks. The price of Bitcoin has risen 4% over the past 24 hours to above … Read more
Illustration: Phonlamai Photo (Shutterstock) The prominent model of information access and retrieval before search engines became the norm – librarians and subject or search experts providing relevant information – was interactive, personalized, transparent and authoritative. Search engines are the primary way most people access information today, but entering a few keywords and getting a list … Read more
A tumultuous week in the U.S. financial markets ended on an uncertain note Friday after a massive $30 billion injection of big-bank deposits into First Republic Bank failed to calm investors. Last week, the sudden meltdown of three U.S. banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – began to rekindle concerns … Read more
Handheld gaming PCs have been around for longer than their recent boom might indicate, even if the Steam Deck blew the doors off of the market by making a model that the average person could actually afford. While Valve may lay claim to being the “best value” portable PC with its loss-leadingly low price, if … Read more
Midjourney is launching a monthly print magazine, “Midjourney.” A subscription will cost $4 per month, though you can get the first issue gratis if you sign up fast, according to the Wednesday announcement. Midjourney, an art generator powered by artificial intelligence, creates realistic images based on a user’s text input, with tiers of subscriptions ranging … Read more
While SVB served tech startups and venture capital firms mostly located in the U.S. or have a presence in the U.S. Some VCs based in Southeast Asia — such as Jungle Ventures and Golden Gate Ventures — were also clients of SVB. Many VC firms in Southeast Asia could face challenges in finding another bank … Read more