Nvidia ETFs See Record Inflows as Investors Flock to AI Chipmaker

Amidst the AI fever, investors have been pouring money into Nvidiafocused ExchangeTraded Funds ETFs, with recordhigh inflows into a bullish fund track

Amidst the AI fever, investors have been pouring money into Nvidiafocused ExchangeTraded Funds ETFs, with recordhigh inflows into a bullish fund tracking the chip designers shares. The GraniteShares 2x Long NVDA Daily ETF saw a net daily inflow of $197 million, bringing its total managed assets to $1.41 billion from $213.75 million at the beginning of the year. These kinds of leveraged ExchangeTraded Funds ETFs, which promise to provide higher returns in shorter amounts of time, are becoming increasingly popular among investors drawn to volatile equities due to news and earnings. Buoyed by bullish expectations and increased enthusiasm surrounding AI, Nvidia, which commands a substantial chunk of the highend AI chip market, has seen its shares jump by about 82% since the beginning of the year. As Nvidia continues to dominate as a market leader, leveraged ETFs tracking its performance are experiencing substantial growth and outperforming other ETFs, indicating continued investor interest Read More..

B2B Tech News | 1 years ago    318       

Broadcom Targets $10 Billion AI Chip Revenue Despite Stock Dip

Artificial intelligence AI chips are expected to bring in $10 billion for Broadcom this year. Still, the companys fullyear prediction disappointed inv

Artificial intelligence AI chips are expected to bring in $10 billion for Broadcom this year. Still, the companys fullyear prediction disappointed investors, which caused a decline in the companys stock price. Marvell Technology, a smaller rival, also predicted lower revenue than the market anticipated, which caused its shares to drop. Both businesses are essential suppliers of networking chips needed for artificial intelligence AI computing and helping customers create bespoke chips. Hock Tan, the CEO of Broadcom, emphasised the significant income contributions from helping important clients with specialised chip design—possibly including internet behemoths like Google and Meta Platforms. Investors were underwhelmed by Broadcoms $50 billion annual sales projection, which remained unchanged despite the companys strong growth expectations. However, the businesss fiscal firstquarter statistics showed promising success, especially in AI revenue, which increased fourfold from the previou Read More..

B2B Tech News | 1 years ago    337       

Swiss Government Faces Data Breach Play Ransomware Group Targets IT Provider Xplain

In 2023, a significant breach of confidential information affected the Swiss federal government when the Play ransomware gang compromised the IT servi

In 2023, a significant breach of confidential information affected the Swiss federal government when the Play ransomware gang compromised the IT service provider Xplain, exposing login passwords and secret papers. The Federal Administration and Xplain were among the more than 65,000 documents that the National Cyber Security Centre NCSC of Switzerland discovered were available on the darknet. The data breach raised Concerns over cybersecurity procedures, which contained classified material, technical documentation, and personal information. The goal of an ongoing investigation is to evaluate the scope of the compromise and offer suggestions for upcoming security precautions. The Play ransomware organisation, thought to be based in Russia, has been connected to many hacks that have targeted critical infrastructure and businesses worldwide. Read More..

B2B Tech News | 1 years ago    350       

India Unveils Iris First AI Teacher Robot Revolutionizing Education at Kerala School

The first artificial intelligence AI teaching robot in India, dubbed "Iris," was introduced at Keralas KTCT Higher Secondary School, a significant ste

The first artificial intelligence AI teaching robot in India, dubbed "Iris," was introduced at Keralas KTCT Higher Secondary School, a significant step in revolutionising education. Iris, created under the Atal Tinkering Lab ATL initiative in association with Makerlabs Edutech, provides individualised learning opportunities through an Android app interface and an Intel chipset. With features like a builtin voice assistant and language support, Iris seeks to improve conventional teaching strategies and successfully engage pupils. This creative project demonstrates how artificial intelligence AI has the potential to revolutionise education. This idea is supported by tech titans such as Bill Gates, who anticipate that AI will play a pivotal role in enhancing student experiences and transforming pedagogical approaches. Read More..

B2B Tech News | 1 years ago    268       

Apples VisionOS 1.1 Update Enhances User Personas and Adds HandsFree Setup

Apples VisionOS 1.1 upgrade, which was launched on Thursday, brings significant improvements to user personas. The update primarily focuses on enhanci

Apples VisionOS 1.1 upgrade, which was launched on Thursday, brings significant improvements to user personas. The update primarily focuses on enhancing appearance aspects such as hair, cosmetics, neck, mouth, and eye depiction for EyeSight. Users may choose the "Handsfree Capture" option under Settings>Persona to configure their personas handsfree. Additionally, the upgrade offers business customers Mobile Device Management MDM, which makes remote wiping, app deployment, and device setup easier. According to Jeremy Butcher, global product marketing manager for corporate products, Apple is committed to supporting enterprise device management, which aligns with this. Furthermore, VisionOS 1.1 offers several userfocused features, including removing system applications, improved Mac Virtual Display connectivity, a more accurate virtual keyboard, and closed caption controls for Apple Immersive video. With over 1,000 native apps on the App Store, VisionOS continues to evolve, offering users Read More..

B2B Tech News | 1 years ago    300        Persona to configure their personas handsfree. Additionally, the upgrade offers business customers Mobile Device Management MDM, which makes remote wiping, app deployment, and device setup easier. According to Jeremy Butcher, global product marketing manager for corporate products, Apple is committed to supporting enterprise device management, which aligns with this. Furthermore, VisionOS 1.1 offers several userfocused features, including removing system applications, improved Mac Virtual Display connectivity, a more accurate virtual keyboard, and closed caption controls for Apple Immersive video. With over 1,000 native apps on the App Store, VisionOS continues to evolve, offering users a richer and more seamless experience.','UK English Male');" class="fa" type='button' value='' />

Googles "Bay View" Building Plagued by Persistent WiFi Woes

Employees at Googles muchdiscussed "Bay View" building at its Mountain View headquarters are irritated by recurrent WiFi problems, forcing them to rel

Employees at Googles muchdiscussed "Bay View" building at its Mountain View headquarters are irritated by recurrent WiFi problems, forcing them to rely on ethernet cables or personal hotspots for dependable internet access. Promotional brochures tout the latest features, such as "Googley interiors," yet the glitzy exterior conceals the internal connectivity issues. Despite the companys acknowledgement and efforts to fix the issue, the persistent problems have impeded productivity, especially for teams that depend on internet access for jobs such as artificial intelligence research. Employees struggle with fundamental internet issues in the centre of Silicon Valleys tech district. At the same time, Google rushes to develop AI technologies like Gemini. Read More..

B2B Tech News | 1 years ago    227       

South Korea Investigates Overseas Shopping Platforms Over Data Practices

In light of a sharp rise in South Koreas use of Chinese ecommerce platforms, the Personal Information Protection Commission in that country is looking

In light of a sharp rise in South Koreas use of Chinese ecommerce platforms, the Personal Information Protection Commission in that country is looking into the data practices of prominent international shopping platforms. In particular, the commission is concentrating on sites like Temu and AliExpress. Concerns about how these sites handle data were raised during a legislative audit last year, which prompted this study. To guarantee compliance with South Korean legislation, the commission assesses how the platforms handle personal information, move data abroad, and implement security measures. Furthermore, South Koreas Fair Trade Commission inspectors were recently dispatched to AliExpresss South Korean headquarters to look into the companys consumer protection policies. The rapid growth of Chinese ecommerce platforms in South Korea has raised questions about their potential impact on established players like Naver Shopping and Coupang. However, local firms advantages in shipping and r Read More..

B2B Tech News | 1 years ago    1149       

Egypt Finalizes Agreement with IMF, Increases Bailout Loan to $8 Billion

Egypt said on Wednesday that it has reached a final deal to raise its bailout credit to $8 billion from the International Monetary Fund IMF. In televi

Egypt said on Wednesday that it has reached a final deal to raise its bailout credit to $8 billion from the International Monetary Fund IMF. In televised remarks, Prime Minister Moustafa Madbouly communicated this development, emphasising that the extended agreement will make getting more loans from organisations like the World Bank easier. This declaration came soon after the Egyptian Central Bank made two significant announcements it raised its primary interest rate and allowed its currency to float. The goal of these measures, which the IMF has long demanded, is to reduce inflationary pressures and increase the nations attractiveness to international investors. Egypts economy has been facing several difficulties, including the COVID19 epidemic, years of budgetary austerity, and geopolitical pressures like the situation in Ukraine and the IsraelHamas war. Read More..

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