/ Artificial Intelligence


AI Responsible for 4.8% of US Job Cuts in May: Report
/ Markets

AI Responsible for 4.8% of US Job Cuts in May: Report

In total, US-based employers laid off 80,089 employees in May 2023, around 3,900 of which were due to AI.

June 02, 2023
Singapore’s Central Bank Partners With Google to Explore AI for Internal Use

Singapore’s Central Bank Partners With Google to Explore AI for Internal Use

The MAS's collaboration with Google comes in the wake of the latest AI boom triggered by ChatGPT's success.

May 31, 2023
Ten Companies Account for 35% of the S&P 500 Market Cap

Ten Companies Account for 35% of the S&P 500 Market Cap

Most of the S&P 500 quarterly gains came from the biggest ten firms in it.

May 31, 2023
AI Firms Scramble for Power as Chip Demand Outpaces Supply

AI Firms Scramble for Power as Chip Demand Outpaces Supply

AI companies are seeking additional computing power amid a new chip shortage.

May 29, 2023
How the AI Boom Could Be Nvidia’s “iPhone Moment”

How the AI Boom Could Be Nvidia’s “iPhone Moment”

Nvidia has projected $11 billion in sales for the current quarter, far above Wall Street estimates of around $7.2 billion.

May 25, 2023