Nvidia’s Market Cap Tops $3.4 Trillion
On Monday, October 14, Nvidia shares closed at a record high as Wall Street is currently preparing for earnings season.
Report - page 58
China Exports Growth Demonstrates Slowdown
In China, an unexpected slowdown in export growth was recorded in September.
China to Increase Spending to Revive Economic Growth
China will significantly increase the issuance of government debt obligations to offer subsidies to people with low income, support the real estate market, which has recently been in a crisis condition, and replenish the capital of state-owned banks.
OpenAI’s Nonprofit Structure Demonstrates Probability of Transformation
OpenAI, one of the main players in the global artificial intelligence industry and the developer of the world’s most popular chatbot called ChatGPT, is likely to face costly and inconvenient reckoning due to its nonprofit origin, even though the startup’s valuation has reached the $157 billion mark.
UK Economy Returns to Growth
In the United Kingdom, the local economic system has returned to a growth trajectory, which put UK Prime Minister Keir Starmer on track for a modest recovery before worries about his first budget became a factor of pressure on sentiment.
UPI Transactions Surge 52%
Unified Payments Interface (UPI) transactions in India grew by 52% year-on-year, reaching 78.97 billion in the first half of 2024.
US Consumer Sentiment Declines
In the United States, consumer sentiment has been deteriorating in the current month, as residents of the country continue to be frustrated with the high level of prices for goods and services.
AMD Launches New AI Chip
AMD last Thursday, October 10, launched a new artificial intelligence chip that is aimed directly at competing with Nvidia’s graphics processing units for data centers.
CoreWeave Gets $650 Million Credit Line
CoreWeave, an artificial intelligence startup that rents out chips to other companies, on Friday, October 11, announced that it has a new credit line for $650 million.
BlackRock Hits $11.5 Trillion of Assets
Last quarter, BlackRock Inc. pulled a record $221 billion in total customer cash.
Wells Fargo Reports Third-Quarter Earnings
Wells Fargo on Friday, October 11, released information about its earnings for the third quarter of the current year.
JPMorgan Chase Earnings Exceed Estimates
JPMorgan Chase has released information about earnings in the third quarter of the current year, which exceeded preliminary forecasts for the dynamic of the corresponding indicator.
SoFi Adds New Credit Cards to Its Product Line
SoFi Technologies has added two new credit cards to its digital financial services line.
Smartsheet and AWS to Help Companies Access Their Work Management Data
Amazon Web Services (AWS) and Smartsheet, as part of a partnership, will join forces to help companies access their work management data through a digital assistant based on generative artificial intelligence.
Startup Writer Launches New AI Model
The startup Writer, which is based in San Francisco, last Wednesday, October 9, debuted a large model of artificial intelligence.
Amazon Tests Adding Robot Warehouses to Whole Foods
Amazon last Wednesday, October 9, announced that it was testing adding mini-warehouses to Whole Foods supermarkets.
