Nvidia is playing a leading role in the global chip industry, and it is expected to be at the forefront of the artificial intelligence gold rush after its latest earnings release. Nvidia's market capitalization jumped by almost USD 200 billion on 25th May 26, 2023. The shares of Nvidia have soared this week, taking the company's valuation to nearly the trillion-dollar mark. It has dominated the market for chips used in artificial intelligence (AI) systems.

California-based Nvidia hardware underpins most AI applications today. It has almost 95 percent of the GPU market for machine learning. The AI chips Nvidia also sells in systems designed for data centers cost around USD 10,000 each.

Earlier, the company used to make graphics better for…

Central banks are expecting to settle for the inflation that’s higher than the 2 percent targets as per ta majority of fixed-income investors in the Bank of America Corp. survey.

According to the reports, two-thirds of the respondents in a survey conducted in April said that policymakers will also accept price growth of 2 percent to 3 percent. All these if it means to avoid recession when compared to 42 per cent in poll of March. The are also supposed to stomach even higher inflation of 3 percent to 4 percent.

The reports also find out that the bond investors are re-evaluating the path for markets after the recent turmoil in the sector of banking. The strategists are of the view that the investors are showing concern that inflation cannot…

The world has witnessed magnificent advancements in the field of the computing field. From the invention of the first computer to the development of supercomputers, each innovation has pushed the boundaries of what is possible. The evolution of computers has wholly revolutionized human life beyond the imagination and continues to play an essential role in every aspect. Classical computers shaped the 20th century, and at the beginning of the 21st century, people realized that classical computers come with certain limitations. The limitations of classical computers pushed scientists to develop a new type of computing called quantum computing.

Quantum computing is a multidisciplinary field encompassing aspects of computer science, physics…

Life expectancy has increased all around the world and the gap between highly developed countries and rest of the world is gradually diminishing day by day. There are multiple factors leading to the global progress with good access to sanitation, healthcare, education and the fight against hunger. Fertility rates and the trend of nuclear families are also declining, and the rise of life expectancies globally is the main driver behind the ongoing transition.

According to the reports from the United Nations Population Division, global life expectancy at birth has risen up to 71.7 years in 2022 from 46.5 years in 1950 for both the sexes. It is further expected to rise to 77.3 years by 2050. To catch up the speed with North America and Europe…

Walt Disney is supposed to lay off thousands of more workers this week as it wants to slash 7000 jobs by the summer 2023. This marks second round of job cuts after a first round that began in March 2023.

The United States economy adds up jobs quicker in March 2023. With this, the unemployment rate goes down to 3.5 percent. This signs persistent labor market closeness, which would witness the Federal Reserve raising interest rates again in May 2023.

According to the reports given by the Labor Department, the nonfarm payrolls increased by 2,36,000 jobs. March. The data shows that for February, up to 3,26,000 jobs were added in place of 3,11,000, as reported. Also, the slow hiring process reflected the faded boost from unseasonably mild weather in January and February.

As per the polls done, economists forecast payrolls to rise to 2,39,000. Also, the estimates ranged from 1,50,000 to 3,42,000. The reports further reveal the economy needs to…

With rising market on the newly launched ChatGPT, there has been some rumours that Google has copied Microsoft-owned OpenAI’s ChatGPT to train its AI chatbot called Bard. However, Google denied the reports of doing anything like this kind.

According to the report, claims are that OpenAI’s success has already forced the two AI research teams within Google’s parent company that is Alphabet, to overcome the intense rivalry to work together.

It is internally known as Gemini, the joint efforts also began in the recent weeks…

The most advanced graphic cards Nvidia’s are selling more than $40,000 on eBay, as demand rises for chips to train and deploy the artificial intelligence software. In March 2023, the company has announced several initiatives to broaden it reach in artificial intelligence (AI) including partnerships and new products as well.

According to the reports, Nvidia’s H100 processors noted by 3D gaming pioneer and former Meta consulting the technology chief John Carmack tweeted on Twitter. Reports reveal, at least eight H100s listed that eBay at prices ranging from $39,995 to just under $46,000 and retailers offered in the past for around $36,000.

The data by the company says, H100 is Nvidia’s latest flagship AI chip succeeding by the A100 around…

The global microchip industry is split between several geographical regions, according to the data from the semiconductor industry association shows. The design of the components is carried out mainly in the United States and South Korea, and the manufacturing and packaging are done in Taiwan and China. The semiconductor industry is mainly divided into several distinct stages – design, manufacture, and assembly of components.

Some companies that can do all the required steps in the semiconductor industry are called embedded device manufacturers (IDMs), like Samsung and Intel. The companies which do not have manufacturing facilities and design only electronic chips are known as fabless companies. Semiconductor revenue totaled USD 599.6…

China has become the largest car exporter and has overtaken Japan in the first three months of 2023. China has exported 1.07 million vehicles in this period, which is up 58 percent as compared to the first quarter of 2022, as per the official figures released in May. Japan's vehicle export has also risen 6 percent from 2022.

The demand for electric cars and sales to Russia has boosted China's exports. In 2022, China overtook Germany to become the world's second-largest car exporter. China exported almost 3.2 million vehicles in 2022 compared to Germany's 2.6 million vehicle exports, per the data given by China's General Administration of Customs.

According to BBC, the shift from fossil fuels in China has helped China's motor industry to…

The European central bank is focusing on scrutinizing lenders' liquidity reserves and may lay down strict guidelines for individual firms by the end of 2023. The bank's annual review of the risks faced by the banks will pay mindful attention to the management of liquid funds, including the potential for higher standards on critical metrics like the liquidity coverage ratio.

The collapse of Credit Suisse in March 2023 and Silicon Valley Bank in the United States has raised questions on how truly prepared banks are to take the strain on deposits; the effectiveness of the metrics investor and using regulators to measure their capacity to withstand a crisis.

Liquidity is a part of banking supervision; therefore, watchdogs are more focused on…

Tesla is leading the market with its electric vehicles. The EV giant witnessed a share price drop of up to 6 percent in overnight trading.

Tesla recently published its first quarter results. After the price cuts by the company of as much as 20 percent, Tesla's CEO strategy of investing in the long-term market shares over a short-term profit has led to a point y-o-y drop in the gross profit margin in the first quarter. It is three points more than expected by the analysts and the lowest since the fourth quarter of 2020.

The company's entire focus is now firmly on volume. According to the reports, the company also reported a quarterly delivery record of 422,875 vehicles which is 36 percent more than the first quarter of 2022. Even after…

Economic condition of every country is changing with new initiatives in the field of business. The world of business economy a new law of startups has been started to be an independent entrepreneur yet contributing towards the growing economy.

According to the reports, some 170,000 people have been surveyed across 49 countries and territories based on number of people who felt it is good for the entrepreneurs to correlate with the ones who would go and give an entrepreneurial idea a shot. As per the recently released reports, the Global Entrepreneurship Monitor shows that some nations have fearless entrepreneurs who would not be dissuade while there are also places having more timid populations to cite the fear of failure as the main…

India’s biggest trading partner on account of increasing economic ties in between two countries is the United States.

The United States emerged as the emerged as the biggest trading partner in 2022-2023. As per the reports, the provisional data of the commerce ministry the bilateral trade between the United States and India has been increased by 7.65 percent to $128.55 billion in 2022-2023. It was $119.5 billion in 2021-2022. And in 2020-2021, it was $80.51 billion.

In 2022-2023, exports to the US rose by 2.81 percent to $78.31 billion. It was $76.18 billion in 2021-2022. According to the reports, the imports grew by 16 percent to $50.24 billion. In 2022-2023, India’s commerce with China decreased by about 1.5 percent to $113.83 billion…