Kneron Launches New AI Chips
Kneron startup, which specializes in the development of artificial intelligence chips, launched its next-generation products on Wednesday, June 5.
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Intel Agrees to Sell 49% of Irish Venture to Apollo
Intel has agreed to implement the deal to sell a stake in a venture that controls a factory located in Ireland.
OpenAI and Google DeepMind Employees Want to Speak Out on Concerns About AI
The group of current and former employees of OpenAI and Google DeepMind stated the need to protect themselves from possible retaliation for sharing a position of concern about the potential risks associated with the use and development of artificial intelligence.
US Job Openings Fall
The number of job openings in the United States in April showed a decrease, which turned out to be more significant than the preliminary expectations for the dynamic of the corresponding indicator.
China’s Factory Activity Growth Reaches 2-Year High
In China, the level of factory activity was recorded in May, which demonstrated the fastest rising pace in about the last two years.
Indian Stocks Demonstrate Record Highs
Indian stock markets on Monday, June 3, reached record highs amid news that experts predict the victory of the current Prime Minister of this South Asian country, Narendra Modi, in national elections.
Nvidia Plans to Launch AI Platform Rubin in 2026
In 2026, Nvidia intends to introduce an artificial intelligence platform called Rubin, which will become part of the new technological products of this company, which is one of the main beneficiaries of the so-called AI boom.
Fitch Upgrades Ireland’s Credit Rating
Fitch upgraded Ireland’s rating, which was another evidence of the country’s advancement after the European Union provided its financial assistance 14 years ago.
Dell Reports First-Quarter Earnings
Dell has released information on its financial results for the first quarter of fiscal year 2025.
Nvidia Approaches to Overtake Apple as World’s Second-Most Valuable Company
In the foreseeable future, Nvidia may surpass Apple and become the second most valuable company in the world.
India’s Economy Demonstrates Growth
India’s economy grew by more than 8% in the fiscal year that ended in March.
Euro-Area Inflation Accelerates
In the eurozone, an acceleration in the rate of inflation was recorded, which exceeded preliminary expectations regarding the dynamic of this process.
Rows Raises $8.7 Million
Rows reported that it managed to raise 8 million euros (about $8.7 million).
China’s Wary Investors Demonstrate Interest in Ultra-Long-Term Special Government Bonds
The surge in interest in China’s ultra-long-term special government bonds, which are extremely rarely offered, has become evidence that investors are interested in the so-called safe-haven assets since they need at least some guarantees and some protection during a period of significant economic instability.
China’s Middle Class Concerns About Spending
According to the results of a study conducted by employees of the Southwestern University of Finance and Economics in Chengdu, Sichuan Province, Chinese families who belong to the middle-class category continue to take a cautious approach in the context of their spending issues.
China Creates $47.5 Billion Chip Fund
China has set up the largest investment fund in the history of this Asian country dedicated to the development of homegrown chips, which is especially important for Beijing at the current historical moment characterized by a high level of geopolitical tension.
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