Tag: AI boom

Global economy in tug-of-war between oil shock and AI boom: IMF chief

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Global economy in tug-of-war between oil shock and AI boom: IMF chief

President of the International Monetary Fund Kristalina Georgieva waves after a meeting with Uruguay’s President Yamandu Orsi in Montevideo, Uruguay. File | Photo Credit: AP The global economy has weathered the oil shock caused by the closure of the Strait of Hormuz “better than feared” due to various factors, including an investment boom in artificial…

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Business

Will AI Bubble Burst? All The Buzz Around The Hottest Tech Trend

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Will AI Bubble Burst? All The Buzz Around The Hottest Tech Trend

The demand for AI-related hardware, especially GPUs, has far outstripped supply. Artificial intelligence (AI) is widely regarded as a revolutionary technology, fuelling growth in various sectors and creating a surge in demand for specialised hardware, particularly from companies like Nvidia. According to Forbes, Nvidia’s stock price has more than tripled in a year. Other tech…

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World

Amazon Set To Join Big Tech’s Spending Surge As AI Race Heats Up

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Amazon Set To Join Big Tech’s Spending Surge As AI Race Heats Up

Amazon’s total revenue is expected to have grown 10.6% to $148.56 billion, slowest rise in five quarters Amazon.com is expected to join Google and Microsoft on Thursday in reporting a surge in capital spending on artificial intelligence as Big Tech companies rush to capitalize on the booming technology. The e-commerce giant’s capital investments – mostly…

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World