The Artificial Super Intelligence (ASI) Alliance said ASI:Cloud has begun processing live workloads, marking a significant step in its push to provide decentralized, enterprise-grade AI infrastructure to developers and researchers. The platform offers permissionless access to GPU compute and AI inference services, positioning itself as an alternative to centralized cloud providers at a time of
Shares of Oracle fell sharply on Wednesday after a report raised fresh questions about financing for one of the company’s flagship artificial intelligence infrastructure projects. Oracle stock dropped more than 1% in premarket trading after the Financial Times reported that Blue Owl Capital would not back a proposed $10 billion data centre deal. Losses deepened
UK unemployment rose in the three months through October as a softening labour market added to the Bank of England’s policy dilemma ahead of its final interest rate decision of the year. The headline jobless rate edged up to 5.1% in the August-to-October period, from 5.0% in the three months through September, according to figures
Binance’s native coin, BNB, has overtaken Ripple’s XRP and is now the fourth-largest cryptocurrency by market cap. With a market cap of $118 billion, BNB is now ahead of XRP’s $113 billion. However, the flip comes as BNB, XRP, Bitcoin, and other leading cryptocurrencies underperform. BNB briefly dropped below the $850 mark on Monday as
Dow futures retreated Tuesday as market participants braced for November’s employment report. The employment data, which is delayed due to the government shutdown, is a key economic indicator that could influence Federal Reserve policy decisions. The Dow Jones Industrial Average futures fell 72 points, or 0.2%, while S&P 500 futures declined 0.3% and Nasdaq 100
Brent oil prices fell below $60 per barrel on Tuesday, slipping more than 1.5% as hopes for a Russia-Ukraine peace deal strengthened. Brent crude oil prices dropped under $60 per barrel this morning, marking the first such occurrence in over seven months. Furthermore, the West Texas Intermediate price concluded Monday’s trading at its lowest point
The ARKK ETF stock has done well this year, and is beating other funds like those tracking the Nasdaq 100 and S&P 500 indices. Its total return this year was ~40%, much higher than QQQ and VOO’s 20% and 17.7%. However, the fund remains much lower than its all-time high of $157.98. Its five-year performance
Chinese clean energy hardware maker EcoFlow Technology Inc. is exploring a potential initial public offering in the US, according to people familiar with the matter. If it moves ahead, the listing would stand out at a time when few Chinese companies of comparable size have tested US capital markets. The plans, as reported by Bloomberg,
Two of Wall Street’s most influential technology analysts have laid out aggressive bull-case scenarios for Alphabet and Microsoft. They argued that accelerating artificial intelligence adoption could propel each company toward a $5 trillion market valuation by 2026. While both tech giants are already dominant mega-caps, these analysts contend that the market is still underestimating the
Oil prices plunged with Brent falling below $60 per barrel on Tuesday for the first time in seven months. Prices were under pressure as hopes of a peace deal between Russia and Ukraine dented sentiments. Meanwhile, gold prices were steady after spending most of the day in the red, following the release of the US