Investors are left in a tough situation after an illuminating press conference where Fed Chair Jerome Powell poured cold water on optimists.
There has been intense focus on artificial intelligence (AI) in 2023, with a race among companies -- big and small -- and countries to rapidly deploy and develop applications based on this technology. Goldman Sachs, for instance, predicts that AI could boost the world's economy by $7 trillion over the next decade, driving a 15% increment in productivity. With a H100 processor reportedly costing $40,000 and up, analysts are anticipating the company's revenue to at least double in the current fiscal year to $54.6 billion.
(Bloomberg) -- John Giannandrea, a former top Google executive who decamped to Apple Inc. to head its artificial intelligence business, pointed out a quiet change in the latest iPhone software update that allows users to select a search engine other than Google’s when browsing the internet in private mode.Most Read from BloombergChina’s Ultra-Rich Gen Zs Flock Home as Global Tensions RiseTreasuries Halt Fed-Fueled Rout as Stocks Struggle: Markets WrapRaw Meat-Eating Liver King And Other Health I