Tag: artificial intelligence

SoftBank is looking to engage in more artificial intelligence deals after the mammoth initial public offering (IPO) of its Arm unit. Arm's secured a $54.5 billion valuation in its IPO on Wednesday. Masayoshi Son, founder and chief executive, is reportedly ready to invest tens...

Data analytics company Databricks is in talks with T. Rowe Price over a new fundraising round that would see the company valued at $43 billion, Bloomberg News revealed. According to the report, talks are in their preliminary round and nothing has yet been confirmed as explained...

Hiring in artificial intelligence-relates (AI) roles continues to prove strong despite an overall dropoff in tech recruitment this year. 216,910 tech employees have been retrenched this year, up from 164,709 for the entirety of last year, data from Layoffs.fyi data revealed. "It's like there are two...

Nvidia Corporation reached a $1 trillion market cap on Tuesday, thereby becoming the first-ever chipmaker to reach this valuation. The company's stock rose 4% to $406 during early trading. The company's growth has been fuelled by the ongoing AI boom, with the company developing a...

Nvidia Corp announced on Monday that it will build Israel's most powerful artificial intelligence (AI) supercomputer in a bid to meet the surging demand for its AI applications. The supercomputer, called Israel-1, is expected to be one of the world's fastest supercomputers, delivering a performance...

Autonomous driving tech company Mobileye led the charge as artificial intelligence stocks rallied to wrap up the week on a high. The Israeli company surged 10.6% to 45.14, thereby reversing its decline following the release of its first-quarter earnings. Mobileye's rise comes after the company...