Technology Weekly News: The Tech market is full of fluctuations, and AI events are stirring up technology enthusiasts
The U.S. equity market has outpaced other major regions since the global financial crisis, taking its share of the global equity market to 50%, Goldman strategists led by Peter Oppenheimer said in a note on Monday. The strategists pointed to Japan as offering the best diversification among other developed markets. In emerging markets, the strategists cited India and China, with the latter country seen as a "value opportunity." The rising prominence of tech in the U.S. and markets in Asia, in particular, reflects earnings growth for the sector.
The tech sector's dominance is not unprecedented, Goldman said, noting it is about the same weight as the energy sector was during the 1950s, according to the note. While overweight tech in all regions, the strategists said there were good opportunities to hedge the tech dominance. That included a preference for the healthcare sector in most regions, as an area that is "relatively cheap but also has high prospective growth."
The California chip maker Nvidia is the latest tech company to so far have a blockbuster year as it surpassed expectations and flexed a market cap of more than $2 trillion by the end of February. That makes Nvidia one of the three largest companies by market cap, behind Microsoft and Apple. Advancements in artificial intelligence have fields beyond tech — such as healthcare and finance — racing to figure out how to implement the technology.
To do so, you need chips known as graphics processing units, or GPUs, to power the AI tech. And Nvidia has the goods. But chips aren't the only point of focus. Nvidia is looking elsewhere to take advantage of its current leverage in the recent AI craze. The company has been expanding its venture-capital footprint and throwing money at startups applying AI to a wide range of industries.
The United States is considering imposing sanctions on several Chinese tech companies, including chipmaker ChangXin Memory Technologies, as part of efforts to limit China's advancement in semiconductor technology. The Commerce Department's Bureau of Industry and Security is reportedly contemplating adding ChangXin to the entity list, which restricts access to U.S. technology, along with five other Chinese firms. Both the department and the bureau have yet to respond to requests for comment.
ChangXin Memory Technologies, specialising in commodity DRAM memory chips for everyday consumer products, asserts its compliance with U.S. export regulations. However, these efforts have already disrupted shipments of chipmaking materials and parts from at least one supplier, Entegris. The move underscores the U.S.'s assertive stance in curbing China's access to advanced AI chips, aiming to prevent the transfer of cutting-edge technologies that could enhance China's military capabilities.
China has introduced its first AI-generated cartoon series, "Qianqiu Shisong," comprising 26 episodes and utilising generative artificial intelligence (GenAI) services. Broadcasted by state-owned China Media Group (CMG), the series leverages CMG Media GPT and AI technology from Shanghai Artificial Intelligence Laboratory (SAIL), integrating GenAI throughout its production process, from art design to post-production. SAIL highlighted CMG Media GPT's role in offering animation producers a cost-effective and efficient tool for character and scene design.
Shen Haixiong, head of China Media, expressed a commitment to embracing technological innovation and AI to propel a new era of international mainstream media. This initiative aligns with China's push for AI development among central state-owned enterprises.
领英推荐
Oracle opens new tab said on Monday it is set to make a joint announcement with chip-giant Nvidia (NVDA.O), opens new tab, and it beat estimates for quarterly profit, riding on the generative AI demand boom, sending shares up nearly 14% in extended trading. The late-day rally in Oracle's shares added more than $40 billion to its stock market value. The 46-year-old database giant has been trying to reinvent itself as a cloud-computing provider by offering services cheaper than those of rivals such as Amazon.com .
It has tried to drum up demand for its subscription plans through partnerships with rival Microsoft opens new tab and AI chip leader Nvidia, which makes chips that power supercomputers and can be used by customers of Oracle's cloud service. For the current quarter, Oracle forecast revenue growth to be in the range of 4%-6%, which was below analysts' average estimate of about 6.5%, according to LSEG data.
The UK’s financial regulator will allow some bitcoin-linked securities to be listed on the stock market, in a softening of its tough stance on digital assets as investors around the world snap up funds investing directly in cryptocurrencies. The Financial Conduct Authority said on Monday it would “not object” to the creation of bitcoin and ethereum-backed exchange traded notes for professional investors. Issuers can apply to list notes that are linked to the bitcoin and ethereum coins on the London Stock Exchange from April. ETNs are debt securities that track an underlying asset but are traded and settled through a central market entity like a stock exchange and securities depository.
The news helped push bitcoin and ethereum higher. Bitcoin, the world’s largest cryptocurrency, hit $72,000 for the first time while ethereum touched $4,000 for the first time since December 2021. The UK had become one of the last major markets to hold out against the trading of crypto-related securities, even though the government has been championing the country as a potential centre for digital asset markets.
A Hong Kong-based research centre under the Chinese Academy of Sciences (CAS) has launched a new artificial intelligence (AI) tool to assist in complex brain surgery, even as the healthcare industry deals with an inadequate number of specialised databases for this procedure. The Centre for Artificial Intelligence and Robotics (CAIR), the Hong Kong branch of mainland China’s national research institute, on Monday unveiled the CARES Copilot 1.0 AI model to help neurosurgeons provide “more efficient clinical diagnosis and to make better medical judgments based on sufficient references”, said Liu Hongbin, the centre’s executive director, in an interview with the South China Morning Post.
CARES Copilot 1.0, which was based on Meta Platforms’ Llama 2 large language model (LLM), was trained on various multimodality databases – including text, images, magnetic resonance imaging (MRI), computed tomography (CT) scans and ultrasound imaging – tailored for the medical field. LLMs are the technology used to train ChatGPT and similar generative AI services.
A Hong Kong-based research centre under the Chinese Academy of Sciences (CAS) has launched a new artificial intelligence (AI) tool to assist in complex brain surgery, even as the healthcare industry deals with an inadequate number of specialised databases for this procedure. The Centre for Artificial Intelligence and Robotics (CAIR), the Hong Kong branch of mainland China’s national research institute, on Monday unveiled the CARES Copilot 1.0 AI model to help neurosurgeons provide “more efficient clinical diagnosis and to make better medical judgments based on sufficient references”, said Liu Hongbin, the centre’s executive director, in an interview with the South China Morning Post. CARES Copilot 1.0, which was based on Meta Platforms’ Llama 2 large language model (LLM), was trained on various multimodality databases – including text, images, magnetic resonance imaging (MRI), computed tomography (CT) scans and ultrasound imaging – tailored for the medical field. LLMs are the technology used to train ChatGPT and similar generative AI services.
C-levels Branding & Assistant to DCEO | Interested in Tech, E-commerce, Software Development, AI
8 个月Very up-to-date!