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Nvidia's surge to new peaks has propelled it to become the world's most valuable company with a market capitalization of $3.22 trillion, surpassing Microsoft. The company's success is attributed to its focus on AI technology and continuous innovation in GPU technology. Other chip stocks like Qualcomm, Arm Holdings, and Micron have also seen significant gains, with Micron hitting a record high.
The Nasdaq closed at a record high for the seventh consecutive day, driven by the strong performance of chip stocks despite losses in other tech giants like Alphabet, Amazon, and Meta Platforms. Market optimism for AI-related companies, expectations of multiple rate cuts by the Federal Reserve, and robust earnings from tech firms have contributed to the recent bullish trend in equities. Citigroup raised the year-end target for the S&P 500 to 5,600 points from 5,100.
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Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
How to level up your teaching with AI. Discover how to use clones and GPTs in your classroom—personalized AI teaching is the future.
Trump's Third Term? AI already knows how this can be done. A study shows how OpenAI, Grok, DeepSeek & Google outline ways to dismantle U.S. democracy.
Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
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