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Groq Adapts Meta’s Chatbot for Its Own Chips in Race Against Nvidia

Groq, a Silicon Valley chip startup founded by a former Alphabet Inc engineer, said on Thursday it has adapted technology similar to the underpinnings of the wildly popular ChatGPT to run on its chips. Groq modified LLaMA, a large language model released last month by Facebook parent Meta Platforms Inc that can be used to […]

China to Set up New Financial Regulator in Sweeping Reform

China will form a new national financial regulatory body, consolidating oversight and replacing its banking and insurance watchdog as part of a wider government overhaul announced on Tuesday that includes plans for a national data bureau. The financial regulation proposal, presented to China’s parliament during its annual meeting, would bring supervision of the industry, excluding […]

Family Office of Nintendo Heirs Says Patience Is a Super Power

The investment firm managing nearly $1.5 billion of assets for members of Nintendo’s founding family is willing to play a long game when it comes to portfolio companies and can wait more than a decade to see a turnaround, a top executive said. That timeline helps explain why Yamauchi-No.10 Family Office shows no sign of […]

At China Political Meeting, Internet Bosses Are out, Chip Execs Are In

Tencent Holdings founder Pony Ma and others from China’s crackdown-hit internet sector will be absent from this year’s parliamentary sessions, as Beijing boosts representation from the tech hardware sector, delegate lists show. Nearly 3,000 members of the National People’s Congress (NPC) will gather in Beijing on Sunday for its first meeting since Xi Jinping secured […]

AI Boost Lifts Broadcom Forecast amid Lingering Enterprise Weakness

Broadcom Inc forecast second-quarter revenue above estimates on Thursday, as increased investments in artificial intelligence spur demand for its chips used in data centers. In a deteriorating economy, where both consumer and enterprise spending is on a decline, AI has emerged as a bright spot for chip firms such as Nvidia Corp and Broadcom, due […]

ChatGPT in the Metaverse: Better Call the Exterminator

Living in the digital era means living life with the expectation that someday the other shoe will drop, and we are in for a ride. Since the launch of OpenAI’s ChatGPT, AI-based chatbots have taken the world by storm, effectively dividing the population between those who believe it will revolutionize every sector and those who […]

Meta Builds A-Team Focused On AI Products

Meta Platforms Inc is creating a new top-level product group focused on generative artificial intelligence (AI), Chief Executive Mark Zuckerberg said on Monday, as the AI race among Big Tech firms heats up. AI has emerged as a bright spot for investments in the tech industry, which has been struggling with slowing growth, and has […]