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A gauge of global chip stocks and AI bellwether Nvidia Corp. have fallen together into a technical correction, showing moderation in the global equity market’s most conspicuous driver over the past year and a half.

Taiwan Semiconductor Manufacturing Company on Thursday beat revenue and profit expectations in the first quarter, thanks to continued strong demand for advanced chips, particularly those used in AI applications.

Since GPUs are scarce and very expensive, the Indian government has two options: let businesses and industry solve its own GPU problem or spend public money to make GPUs more accessible to startups, research bodies and key industries, just as it has done with the Production-linked Incentives (PLI) scheme to promote key industries for its Make in India mission. In the first case, India will remain a laggard in AI and other emerging technologies; in the second, it can emerge as a new-age tech hub. Large domestic computing capacity also ensures a country's data sovereignty. The government has realised the importance of GPUs for India and is working to find a solution. It may strike a deal with Nvidia, the world's biggest GPU producer, to source graphics processing units (GPUs) from it, and offer them to local startups, researchers, academic institutions and other users at a subsidised rate under its Rs 10,000 crore Artificial Intelligence Mission, ET has reported based on information form sources.

ASML, the largest supplier of equipment to computer chip makers, reported weaker than expected first-quarter new bookings on Wednesday, although sales to China held up despite U.S.-led restrictions. Shares in Europe's biggest tech firm, which had risen 34% this year, were down 4.5% to 873.40 euros at 0741 GMT

These chips are expected to be available in platforms from HP and Lenovo starting in the second quarter of 2024, AMD said in a press release.

India may strike a deal with Nvidia to source graphics processing units (GPUs) from the US manufacturer, and offer them to local startups, researchers, academic institutions and other users at a subsidised rate under its ₹10,000 crore Artificial Intelligence Mission, people in the know of the matter said. The plan is at a «very early stage» and a decision is likely to be made after the elections, an official said.

profit on Thursday thanks to strong demand. The world's largest contract chipmaker, whose customers include Apple and Nvidia, has benefited from a surge towards AI that has helped it weather the tapering off of pandemic-led electronics demand and pushed TSMC's stock to a record high.

Also Read: Apple's M4 chip overhaul to revive Mac sales, AI push lifts stock 4.3% Amazon share price rose 1.7% to close at $189.05, surpassing its previous closing high of $186.57 set in July 2021. Amazon is the last of the five biggest US tech firms to reach an all-time high in the rebound from the post-pandemic selloff. It was the only company of the five biggest US tech firms that failed to enter record territory in recent months, Bloomberg News reported.

Interest rate outlook worries hang over the first-quarter earnings season, with the expected timeline for Federal Reserve rate cuts being pushed back as the economy remains robust.

Fermi Paradox have stated that the contradiction between the high probability of alien life existing and the complete lack of evidence for it, may have been tied to the AI development among human on Earth. According to a report published by Michael Garrett, it is suggested that AI's evolution into Artificial Super Intelligence (ASI) could be the ‘Great Filter’, keeping alien evidence away. The Great Filter theory says that a hurdle that intelligent life must overcome to become advanced and interstellar.

US economy is on track for a soft landing, but there are plenty of risks that could change the trajectory. “We like taking profits on technology and moving toward other sectors," the official told Bloomberg in an interview. In the tech industry, “the risk-reward profile is skewed to the downside," she added.

Also Read: Tesla CEO Elon Musk predicts AI will surpass human intelligence by 2026 Booming demand for AI services has sent tech companies scrambling for these so-called accelerator chips, but Nvidia has seen most of the benefit. Earlier versions of Gaudi failed to achieve the market share gains that Intel had been hoping for, Chief Executive Officer Pat Gelsinger has said. He expects the new model to have a bigger impact.

Specifications of HP Laptop 15, 13th Gen: Processor:Intel Core i5 processor RAM:8 GB Operating system: Windows 11 Home Graphics:Intel Iris Xe graphics Backlit keyboard: Yes The Dell G15-5530 laptop is built for speed and style. With its 15.6-inch full HD display and smooth 120Hz refresh rate, you'll enjoy crisp visuals. Powered by an Intel Core i7 processor and 16GB RAM, it handles multitasking effortlessly.

Google on Tuesday revealed the details of a new version of its data center artificial intelligence chips and announced an Arm-based based central processor. Why it's important

Musk discussed various topics, including the constraints faced by AI due to electricity availability. During the interview with Nicolai Tangen, CEO of Norway's wealth fund, Musk shared insights into the progress of Grok, an AI chatbot developed by his xAI startup. He mentioned that the next version of Grok is anticipated to be trained by May but highlighted the challenges due to a shortage of advanced chips.

Tesla CEO Elon Musk on Monday predicted development of artificial intelligence that was smarter than the smartest human probably by next year, or by 2026. In a wide-ranging interview on X spaces that suffered multiple technology glitches, Musk also told Norway wealth fund CEO Nicolai Tangen that AI was constrained by the availability of electricity and that the next version of Grok, the AI chatbot from his xAI startup, was expected to be trained by May.

There are going to be a lot of happy faces when investors open their upcoming quarterly investment statements because global markets have had an excellent start to the year.

Specifications of Apple MacBook Air Laptop Reasons to buyReasons to avoid The HP Pavilion 14 features a 12th Gen Intel Core i5-1235U processor with Intel Iris Xe graphics, making it a top performer for various tasks. Its 14-inch Full HD display paired with 16GB DDR4 RAM and a 512GB SSD promise smooth multitasking and enough storage for all your needs. Bonus features include a fingerprint reader, backlit keyboard, and B&O-tuned audio.

BENGALURU : Andrew Feldman, co-founder and CEO of US-based Cerebras Systems, which last month released what it touts as the world's largest and fastest artificial intelligence (AI) ‘chip’ with 4 trillion transistors, insists that while AI is not a silver bullet, it can certainly solve many of the world’s problems. In a video interview from his US office, Feldman spoke about areas where his company’s third-generation wafer-scale AI accelerator—the CS-3—scores over Nvidia's graphics processing units (GPUs). He also shared his thoughts on how India can leverage AI and Generative AI (GenAI) tools, and whether GenAI is being oversold, among other things.

At a time when the global euphoria about AI has propelled a three-fold surge in Nvidia Corp. and a 50% jump in a key US index for semiconductor manufacturers in less than a year, investors are pointing toward emerging markets for better value and a bigger pool of options.