Intel’s Arc graphics card line is one of the most exciting developments in a GPU

Bitcoin’s price has crashed dramatically, amid what seems to be a broader worry in the financial markets. The world’s biggest cryptocurrency has fallen more than 7 per cent over the last 24 hours, and almost 12 per cent in the last week. Other large digital currencies saw similar falls, though not as stark. Ethereum, the second biggest cryptocurrency by market cap, has lost around 10 per cent of its value in the last week. The troubles mean that the crypto market as a whole is down 5.7 per cent over the last 24 hours, according to tracking website Coinmarketcap. Trading volumes increased sharply, too, and were up almost 80 per cent over the last 24 hours. Thursday’s drop in the price of the cryptocurrency was the biggest one day fall since November 2022. That happened when large exchange FTX collapsed, sending shockwaves through the crypto markets and leading to widespread fears. This time around, there was no obvious connection to events in the cryptocurrency market. Instead, investors seemed concern about the economy more generally, and more traditional assets were also hit by falls in recent days. Wall Street’s main indexes fell on Friday, extending declines to the fourth session on a drag from megacap growth stocks, as evidence of a resilient U.S. economy fanned fears of interest rates staying higher for longer. The three main US stock indexes are on track for sharp weekly losses as a spate of strong economic data, including a fall in weekly jobless claims, caused investors to dial back expectations of rate cuts and drove up government bond yields. The yield on the 10-year Treasury note hit a ten-month high of 4.328 per cent in the previous session and came within a whisker of its highest level since 2007. “The drivers really have been of late the rising Treasury yields and that is signaling a more risk-off investor sentiment,” said Art Hogan, chief market strategist at B Riley Wealth. “Investors are looking at (better-than-expected economic data) and saying the Fed likely isn’t restrictive enough yet.” Traders see a nearly 91% chance of the Fed holding rates at current levels at its September meeting, according to the CME Group’s FedWatch tool. On Friday, rate-sensitive big technology and growth stocks such as Apple, Microsoft, Tesla and Nvidia slipped between 0.7% and 2.8% even as Treasury yields took a breather. The communication services and technology sectors housing major growth stocks fell 1.6% and 1.0% respectively. The tech-heavy Nasdaq hit an over two-month low and is set to post the biggest weekly declines of the three major indices, down 3 per cent so far. The CBOE volatility index hit its highest in nearly three months, reflecting rising investor anxiety. Additional reporting by Reuters

The world’s leading fossil fuel financier has come up with a new way to assess how well it’s

SEOUL, South Korea--(BUSINESS WIRE)--Jun 29, 2023--

Vladimir Putin has unveiled what he calls Russia’s new strategy to counter Western dominance of the field of artifical intelligence, claiming that new AI models “cancel Russian culture”. The president addressed an AI conference in Moscow on Friday where he said Russian investment in AI development was being increased across all sectors. Citing the example of Gazprom Neft, Mr Putin said one of Russia’s largest oil producers was using AI to slash the cost of oil well development and to address complicated logistics safety issues. “I hope we will be more active in this area. When I say ‘we,’ I am referring not only to the government but also to the regions and industries, and individual plants,” Mr Putin said. The Russian leader said the country would intensify its research into the domains of generative AI and large language models which currently lag behind the leading Western-developed tools like OpenAI’s ChatGPT and Google’s Bard chatbots. Speaking about such AI models, he said their full potential had only started to emerge in the past year, while he criticsed “Western search engines” and generative AI models, calling them “very selective and biased”. “They do not take into account and sometimes simply ignore and cancel Russian culture. In simple terms, the machine is given some creative assignment and performs it using only the English language database,” he said. “Thus, the algorithm may tell the machine that Russia, our culture, science, music and literature simply do not exist. They are cancelled in the digital space, as it were,” the Russian president said at the conference. AI created according to “Western standards”, he said, may emerge as a “kind of xenophobe”, he said. “Our domestic models of artificial intelligence must reflect the entire wealth and diversity of world culture, the heritage, knowledge, and wisdom of all civilisations,” he said. English speaking countries currently dominate AI development, with Stanford’s Institute for Human-Centered Artificial Intelligence (HAI) claiming the US and UK were further ahead in the technology than the rest of the world. The Russian president said that the “monopolistic dominance” of the technology was “unacceptable, dangerous and inadmissible”. “Our innovations should rest on our traditional values, the wealth and beauty of the Russian language and languages of other peoples in Russia,” Mr Putin added. To achieve such development, he called for the scaling up pf Russia’s supercomputing power and to improve its top-level AI education. Read More AI breakthrough could help us build solar panels out of ‘miracle material’ OpenAI co-founder Sam Altman ousted as CEO YouTube reveals bizarre AI music experiments AI-generated faces are starting to look more real than actual ones Breakthrough ‘safe’ liquid fuel cannot start accidental fires, scientists claim Meta sued over ‘open secret’ of ‘pursuing,’ signing up millions of underage users

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Faraday Future Intelligent Electric on Thursday said it has recently observed a series of "suspicious activities" which the

By John Irish PARIS (Reuters) -France's foreign minister said on Tuesday that France had prevented a hybrid digital attack on

BRENTWOOD, Tenn.--(BUSINESS WIRE)--Jun 15, 2023--

Though their contributions were immense, many aren’t well-known outside of their nations’ borders.

It's probably easy to forget that Magic Leap still exists, but its 5-year-old, first-gen product

BOSTON--(BUSINESS WIRE)--Aug 15, 2023--