UK Regulator Approves BlackRock’s Crypto Registration In a significant development for the cryptocurrency industry, the UK Financial Conduct Authority (FCA) has granted registration to BlackRock, one of the world’s largest asset managers. This approval places BlackRock in an elite category, as only 14% of crypto-related applications have received the green light from the FCA. BlackRock’s […]
Celestial AI aims to rival Nvidia with innovative photonic technology
Celestial AI: Disrupting the AI Chip Market with Photonic Innovation In the fast-paced realm of artificial intelligence, innovation is the name of the game. Silicon Valley, known as the epicenter of technological advancement, is once again at the forefront of a groundbreaking development. A daring startup, Celestial AI, has set its sights on challenging the […]
Olaplex Sales Slide 9.8%, Specialty Retail Recovers
Olaplex Sales Slide 9.8% in Q4 as Specialty Retail Sector Recovers The biotechnology hair care company, Olaplex, recently reported a 9.8% decrease in sales, amounting to $100.7 million in its fourth-quarter earnings. This decline was primarily driven by a significant drop in professional sales. However, amidst this setback, there is a silver lining as the […]
STMicroelectronics unveils new AI chip for data centres
STMicroelectronics Unveils New AI Chip for Data Centres STMicroelectronics, a global leader in semiconductor solutions, has recently made waves in the tech industry with the unveiling of their groundbreaking AI chip designed specifically for data centers. This innovative development is set to revolutionize AI infrastructure with its cutting-edge photonics chip, promising significant advancements in processing […]
AI chip firm Groq lands $1.5 billion Saudi investment
AI Chip Firm Groq Secures $1.5 Billion Investment from Saudi Arabia Groq, a leading AI chip firm, has recently made headlines with the announcement of a substantial $1.5 billion investment from Saudi Arabia. This significant financial commitment is set to fuel Groq’s expansion plans, particularly in enhancing its AI chip delivery and data center capabilities […]
AI startup Blaize targets IPO amid growing investor interest
AI Startup Blaize Targets IPO Amid Growing Investor Interest Blaize, a California-based AI chipmaker specializing in edge computing solutions, is making waves in the tech industry as it gears up to go public. The company’s decision to pursue an initial public offering (IPO) through a Special Purpose Acquisition Company (SPAC) deal comes at a time […]
Samsung Reshuffles Leadership in AI Chip Push
In a strategic move to enhance its AI capabilities, Samsung Electronics has recently reshuffled its leadership team within its semiconductor division. This decision underscores the company’s commitment to strengthening its position in the competitive landscape of artificial intelligence (AI) chip development. As global demand for AI technology surges, industry leaders are racing to innovate and […]