Nvidia on Monday announced its new Project GR00T AI software for powering human-like robots.
Nvidia (NVDA) is making waves at its developers conference known as GTC. The chip giant announced its newest AI platform, dubbed "Blackwell." In the press release, Nvidia says Blackwell allows organizations to "build and run real-time generative AI on trillion-parameter large language models at up to 25x less cost and energy consumption than its predecessor." The company says it expects tech companies such as Google (GOOGL, GOOG), Amazon Web Services (AMZN), Meta (META), and Dell Technologies (DELL) to use the new platform. Nvidia says the chip has 208 billion transistors and that the platform will allow large language models to scale up to 10 trillion parameters. Yahoo Finance's Madison Mills and Josh Lipton discuss the breaking announcement in the video above. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Stephanie Mikulich.
The Federal Open Market Committee (FOMC) will meet this Wednesday. While news from the Federal Reserve has impacted markets in the past, so far US Equities (^GSPC, ^DJI, ^IXIC) have remained steady and in the green on Monday. Citi US Equity Strategist & Managing Director Scott Chronert joins Yahoo Finance to discuss the upcoming FOMC meeting and its impact on the broader market Chronert weighs in on the factors holding the most sway over the market this week: "I think the Fed expectations are pretty well anchored. I don't know that we'll see too much as a distinct surprise. Although your point on the recent direction of 10-year nominal yields up to 4.30[%] now is pretty relevant because, all other things equal, that should begin to take some of the valuation wind out of the Mag Seven sales." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino