Nvidia's stock has dropped 18% since August 19, with the majority of the damage coming after a 9.5% plunge on Tuesday. The U.S. Department of Justice has ramped up its antitrust probe against the company, sending a subpoena to Nvidia and other involved companies. The subpoena is a legally binding request that obliges recipients to provide information.
AINVIDIA | Rating: 62 | 2024-09-04 11:37:44 PM |
Nvidia's stock fell by $279 billion in market cap, the biggest ever drop for an American company in a single day, after a market sell-off. Despite the plunge, Nvidia's stock is still up 115% year-to-date. Analysts advise investors not to expect shares to rise, which closed at $106 on Wednesday.
AINVIDIA | Rating: 62 | 2024-09-04 09:37:48 PM |
Aaron LaBerge, the new chief technology officer at Penn Entertainment, has been appointed to lead the company's tech efforts in integrating betting with ESPN and connecting physical and digital properties. The sports betting industry is growing rapidly since the 2018 Supreme Court ruling that struck down a 1992 law banning commercial sports betting in most states. The NFL season kicks off this Thursday, coinciding with LaBerge's new role.
BusinessPenn | Rating: 51 | 2024-09-04 07:37:55 PM |
Nvidia's share price fell 9.5% in a single day, wiping a record $279 billion from its market capitalization. The company's share price is now nearly 16% lower since its earnings report last week, which revealed year-on-year revenue growth of 122%. Nvidia's stock is still up by nearly 120% this year, but the wider AI sector, on which it depends, still needs to prove its worth.
AINVIDIA | Rating: 60 | 2024-09-04 05:38:00 PM |
AI is transforming the job hunting and recruitment process, making it easier for job-seekers to apply for positions quickly using chatbots to create resumes and cover letters. However, this has led to recruiters being overwhelmed with thousands of applicants for a single job, making the traditional recruiting process more challenging.
AIAI | Rating: 56 | 2024-09-04 04:37:50 PM |
Anna Monaco, a 22-year-old product engineer, designer, and recent University of Pennsylvania graduate, aimed to automate tedious work in spreadsheets using AI agents. She completed internships at Google and Microsoft, and had a passion for AI. Monaco planned to use large language models (LLMs) to automate tasks, which she believed could be a game-changer.
AIAI | Rating: 47 | 2024-09-04 03:37:39 PM |
According to a report from Salesforce, one in five workers are 'underground' AI users who secretly use the technology, while 30% are 'maximalists' who openly use and promote AI. The report also found that 19% of workers refuse to use AI, 16% are 'superfans' who are enthusiastic but not yet making the most of it, and 16% are 'observers' who are cautious about adopting the technology.
AISalesforce | Rating: 57 | 2024-09-04 01:37:40 PM |
Nvidia's CEO Jensen Huang lost $9.8 billion in a day due to the company's $279 billion drop in market cap, making it the biggest single-day plunge in a stock ever recorded. This loss occurred on Tuesday, which was the worst day for the broader equity market since August 5, and was compared to 1987's Black Monday crash.
AINVIDIA | Duplicated with: 1 | Rating: 57 | 2024-09-04 01:37:40 PM |
Wharton Professor Ethan Mollick discussed the potential of generative AI in an NPR interview, highlighting the need for improvement in its infallibility. The technology has the potential to automate, augment, and reinvent various aspects of daily life and business, but its full value creation potential has yet to be realized.
AIAI | Rating: 47 | 2024-09-04 01:37:40 PM |
In Q2 2024, venture capitalists invested $1.2 billion in insurtechs, a sector that became sexy again to investors in the late 2010s. The article does not mention specific organizations, persons, products, or locations.
InsurtechInsurtechs | Rating: 46 | 2024-09-04 11:37:49 AM |