World

A Nvidia Corp. HGX H100 artificial intelligence supercomputing graphics processing unit (GPU) at the showroom of the company’s offices in Taipei, Taiwan, on Friday, June 2, 2023. I-Hwa Cheng | Bloomberg | Getty Images China’s artificial intelligence stocks fell Wednesday after the Wall Street Journal reported that the U.S. is …

Generative artificial intelligence is all the rage now but the A.I. boom is not just all hype, said Dan Ives from Wedbush Securities, who calls it the “fourth industrial revolution playing out.” “This is something I call a 1995 moment, parallel with the internet. I do not believe that this is …

A view of the Regeneron Pharmaceuticals headquarters in Tarrytown, New York. Lev Radin | LightRocket | Getty Images Shares of Regeneron fell nearly 9% Tuesday after the U.S. Food and Drug Administration declined to approve a higher-dose version of the company’s blockbuster eye disease treatment. The company was seeking approval …

Passengers wait at the Newark Liberty International Airport as more than 2000 flights were canceled due to the nationwide storm in New Jersey, United States on June 27, 2023.  Fatih Aktas | Anadolu Agency | Getty Images Flight disruptions mounted Tuesday as severe storms and staffing issues kicked off a …

Everything that makes up your personhood — your values, experiences and culture — directly affects your spending habits more than you might think.   “Financial psychology is about the humanness of money: how people think, feel, behave about their money [and] their relationship with money in the past, present and …

Major central banks will have to keep interest rates high for much longer than some investors expect, Gita Gopinath, first deputy managing director of the International Monetary Fund, told CNBC Tuesday. “We also have to recognize that central banks have done quite a bit … But that said, we do …

Hong Kong observation wheel, and the Hong Kong and Shanghai Bank, HSBC building, Victoria harbor, Hong Kong, China. Ucg | Universal Images Group | Getty Images The U.S. will enter a downturn in the fourth quarter, followed by a “year of contraction and a European recession in 2024,” according to …

Chinese technology giant Baidu has launched its own ChatGPT rival, Ernie bot. CFOTO | Future Publishing | Getty Images Baidu said Tuesday the artificial intelligence model underpinning its chatbot outperformed OpenAI’s ChatGPT in several key areas. The Chinese search engine has been publicly testing the Ernie Bot in China since …

Malaysia’s sovereign wealth fund Khazanah Nasional is rebalancing its investment portfolio for greater resilience against market volatility, according to its managing director. Khazanah’s net asset value declined 5% to 81 billion ringgit ($17.4 billion) in 2022 from a year ago, hit by global market downtrends, the fund said in March. …

Alphabet CEO Sundar Pichai delivers the keynote address at the Google I/O developers conference at Shoreline Amphitheatre in Mountain View, California, May 10, 2023. Justin Sullivan | Getty Images News | Getty Images Google users have long been able to append their search queries with the term “Reddit” to find …