AItechnology

Perplexity Seeks Funding with a Significant Valuation of $1.8 Billion

8 days ago

Perplexity, the innovative AI-driven search engine, is reportedly in the early stages of negotiations to secure additional funding, aiming to bolster its valuation to an impressive $1.8 billion. The discussions come at a pivotal time for the company, which has been making waves in the tech industry with its unique approach to information retrieval and user engagement.

The Future of AI: Key Players Expected to Emerge from US-China Competition

9 days ago

In a transformative era for artificial intelligence, many experts are predicting a significant shakeout as competition intensifies between the United States and China. A prominent figure in the AI landscape, who has played a vital role in its evolution, expressed that only a select few AI models will ultimately thrive amidst this complex rivalry.

Nvidia Accelerates Certification Process for Samsung’s AI Memory Chips

4 months ago

Nvidia is currently prioritizing the certification of Samsung’s advanced AI memory chips as it seeks to enhance its offerings in artificial intelligence and machine learning applications. The company aims to integrate these cutting-edge memory technologies into its already extensive portfolio of graphics processing units (GPUs) to meet the growing demands of its customer base.

ARM Holdings Sees a Stunning 90% Surge, Sparking Debate on Valuation in a Low-Growth Era

5 months ago

ARM Holdings, a pivotal player in the semiconductor industry, has experienced an impressive stock rally, surging approximately 90% since its recent market debut. This dramatic increase is raising questions among investors and analysts alike regarding the sustainability of such high valuation multiples, particularly in the context of a market characterized by low growth expectations.

OpenAI Secures Massive $4 Billion Credit Line, Following $6.6 Billion Fundraising Breakthrough

6 months ago

With its undisputed pioneering research and applications of AI, it has just secured an additional $4 billion line of credit. This came right after their recent successful fund-raising rounded up a record-shattering $6.6 billion in funding. The step is an indication of serious reinforcement of financial positions by the company for further investment in AI technologies.

SK Hynix Shares Surge as it Begins Advanced AI Chip Production

6 months ago

Shares of South Korean semiconductor manufacturer SK Hynix Inc. surged after the company announced it had started producing state-of-the-art artificial intelligence chips. The stock gained as much as 8.3% in Seoul on the latest news on September 26, among its largest intraday gain in six months, reflecting investor sentiment over the company's foray into the AI technology space.