Justin Emerson
News Writer
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NVIDIA Corporation : Silicon Valley wants to break Nvidia's CUDA software monopoly
Technology giant Nvidia, known for its cutting-edge artificial intelligence (AI) chips, finds itself at a crossroads. With a market capitalization of $2200 billion, the firm has established itself as the beating heart of the new era of generative AI, powering developers ranging from innovative start-ups to behemoths such as Microsoft, OpenAI and Alphabet, Google's parent company.
March 27, 2024 at 08:25 pm IST
China Vanke under scrutiny
China has urged state-owned banks to step up their financial support for property developer China Vanke and invited creditors to consider extending private debt maturities. According to those in the know, this is an exceptional intervention by the central government to come to the aid of an ailing real estate company.
March 11, 2024 at 07:56 pm IST
Tesla goes off script
Tesla shares plunged more than 7% on Wall Street yesterday, following poor sales figures in China. The group had its worst month since the end of 2022. Fierce competition in the field of electric vehicles and the reluctance of drivers to embrace the technology are overshadowing the good story.
March 05, 2024 at 04:40 pm IST
New York Community Bancorp: New carnage in sight
Things are getting tougher for New York Community Bancorp. The regional bank fell sharply at the beginning of the year, but seemed to have contained the fire. However, the bank just announced the discovery of shortcomings in its internal control procedures and the resignation of its CEO. The stock fell by 25% in after-hours trading.
March 01, 2024 at 09:01 pm IST
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