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The Latest Breaking News from Artificial Intelligence

Google To Invest $15 Bn In India, Build Largest AI Hub Outside US

Google said Tuesday it will invest $15 billion in India over the next five years, as it announced a giant data centre and artificial intelligence base in the country.

International Business Times

Google Sends Clear Message To Investors Ahead Of Earnings: AI Isn't Killing Search — It's Making It Stronger, Says Gene Munster

As fears swirl about artificial intelligence upending Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google's dominance in search, Deepwater Asset Management's Gene Munster says the company is sending one message loud and clear — AI is boosting, not breaking, its core business.

Benzinga

Nobel Economist Warns Of AI Dangers

A winner of this year's Nobel prize in economics warned Monday that artificial intelligence offers "amazing possibilities" but should be regulated because of its job-destroying potential.

International Business Times

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AI-Powered Data Centers Are Fueling A Historic Demand Spike: 15 Stocks To Watch

A wave of artificial intelligence infrastructure is sparking a massive U.S. power boom, with Goldman Sachs projecting electricity demand growth not seen since the 1990s — and it’s opening the door to new investment opportunities across the energy and tech supply chains.

Benzinga

Young Aussie workers fear AI but use it to get ahead

Australia's Generation Z workers are concerned artificial intelligence could shrink their career opportunities but many are still using it.

AAP

California Enacts First US Law Requiring AI Chatbot Safety Measures

California governor Gavin Newsom on Monday signed into law a first-of-its-kind law regulating artificial intelligence chatbots, defying a push from the White House to leave such technology unchecked.

International Business Times

Nvidia, Broadcom Highlighted As Sector Leaders Drive AI Growth Despite Buildout Risks: Analyst

BofA Securities analyst Vivek Arya highlighted key considerations for the U.S. semiconductor sector amid the artificial intelligence frenzy and potential concerns about a bubble.

Benzinga

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Why Is Salesforce Investing $15 Billion In San Francisco's AI Future?

Salesforce, Inc. (NYSE:CRM) announced on Monday that it will invest $15 billion in San Francisco over the next five years to strengthen the city’s position as a global hub for artificial intelligence.

Benzinga

Intel Faces CPU Market Share Losses And Limited AI Integration, Analyst Flags Challenges

Intel (NASDAQ:INTC) struggled to maintain its moat across its central processing unit (CPU) and artificial intelligence businesses. The chipmaker also grappled with market share losses to Advanced Micro Devices (NASDAQ:AMD) and Arm Holdings (NASDAQ:ARM) in both the PC and server markets, as well as limited integration with AI accelerators, despite…

Benzinga

Squawk Box co-host warns of similarities between today and Wall Street in 1929: ‘I can assure you, unfortunately, we will have a crash’

Financial journalist Andrew Ross Sorkin says he worries about an artificial intelligence bubble in the US

The Independent UK

Direxion's AMUU, AMDD ETFs Facilitate Speculation In Advanced Micro Devices' Wild Ride

Although semiconductor giant Advanced Micro Devices Inc (NASDAQ:AMD) took the market by storm with a potentially landmark deal, the extreme enthusiasm toward artificial intelligence raises concerns about an unsustainable bubble. As such, last week saw AMD stock tumble into the red after what appeared to be an auspicious start to…

Benzinga

OpenAI's $500 Billion Chip Bet: Is Broadcom The Next AI Winner?

OpenAI is accelerating its push to dominate the artificial intelligence landscape with a staggering $500 billion chip initiative involving Broadcom Inc. (NASDAQ:AVGO).

Benzinga

Solidion Unveils Next-Gen AI Power Supply, Shares Jump 90%

Solidion Technology Inc. (NASDAQ:STI) shares skyrocketed after the company unveiled the PEAK Series, a next-generation uninterruptible power supply (UPS) designed for artificial intelligence data centers.

Benzinga

IREN, Nebius Emerge As Top 'AI Utility' Picks As Expert Says Next Wave Of AI Trade Is 'Industrial'

As the artificial intelligence (AI) boom continues to reshape industries, there has also been some attention on the companies that form the foundational infrastructure for powering AI, apart from the immediate buzz of AI chipmakers.

Benzinga

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Benzinga

Alibaba's Stock Comeback Has More Room To Run, Say Analysts

Alibaba Group Holding Ltd. (NYSE:BABA) stock climbed on Monday as strong performance in its cloud business and advances in artificial intelligence models offset investor concerns over escalating U.S.-China tensions.

Benzinga

Taiwan Semiconductor Stock Rebounds As AI Hype Overpowers China Tensions

Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) shares rebounded in premarket trading Monday, recovering from Friday's losses as renewed investor enthusiasm for artificial intelligence outweighed mounting geopolitical concerns between Washington and Beijing.

Benzinga

Justin Wolfers Warns Of 'Two Economies:' 'We're On The Cusp Of A Non-AI Recession'

Economist Justin Wolfers issued a stark warning in a recent CNN appearance, arguing that the U.S. is effectively operating as “two economies” where a massive Artificial Intelligence boom is concealing significant weakness in all other sectors.

Benzinga

Mark Zuckerberg Reportedly Drops $1.5 Billion Pay Packet To Snag Top AI Scientist From Mira Murati's Thinking Machines Lab

Meta Platforms Inc. (NASDAQ:META) has hired Andrew Tulloch, co-founder of Mira Murati's AI startup Thinking Machines Lab, marking another major addition to CEO Mark Zuckerberg's aggressive push to close the gap in advanced artificial intelligence.

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International Business Times

Mass-produced AI Podcasts Disrupt A Fragile Industry

Artificial intelligence now makes it possible to mass-produce podcasts with completely virtual hosts, a development that is disrupting an industry still finding its footing and operating on a fragile business model.

Benzinga

Consumer Tech News (Oct 6-10): China Hits Nvidia, Tesla Tests Cybercab, Sunak Joins Microsoft & More

China has reportedly launched a sweeping customs crackdown on Nvidia Corporation’s (NASDAQ:NVDA) AI chips.

Benzinga

Venture Funding Roars Back in Q3, Thanks to AI's Billion-Dollar Boom

Gigantic investments of $500 million dollars or more into Artificial Intelligence companies led a 38 percent increase in year-over-year third quarter global venture capital funding. Year-over-year third quarter increases in other early-stage investment levels were more modest, however, according to Crunchbase.com.

GOBankingRates

I Asked ChatGPT What the Worst Things You Can Do With Your Money Are — Here’s What It Said

Here's what the artificial intelligence bot ChatGPT had to say about the worst things you can do with your money.

Benzinga

Elon Musk Accuses Sam Altman's OpenAI of Misusing Its Nonprofit Status

Elon Musk has once again taken aim at OpenAI, an artificial intelligence research organization. Musk accuses the organization of dishonesty and misuse of charity funds.

Benzinga

Andreessen Horowitz-Backed FurtherAI Raises $25M To Give Insurance Professionals 'Superpowers' Through Workflow Automation

FurtherAI, an artificial intelligence platform built for insurance workflows, on Oct. 7 announced it has raised $25 million in Series A funding led by Andreessen Horowitz to automate repetitive tasks that bog down the industry.

Benzinga

Former Intel CEO Pat Gelsinger Addresses Concerns Around AI Boom Mirroring Early Internet Mania: 'No Change For The Next Two, Three, Four Years But..'

Former Intel Corp. (NASDAQ:INTC) CEO Pat Gelsinger has said the current wave of artificial intelligence investment and vendor financing bears similarities to the early internet boom — but predicted real technological transformation before the end of the decade.

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