Nvidia CEO Jensen Huang stated that AI automation does not lead to job losses but instead creates new jobs and opportunities, particularly in the U.S. He emphasized that automating specific tasks doesn't eliminate entire jobs and criticized fear-driven narratives about AI dominating humanity or the economy. Huang called AI the best chance for the U.S. to re-industrialize and urged people to engage positively with AI technology. This comes amid recent AI-related layoffs, but experts suggest AI will transform jobs rather than permanently reduce employment, requiring workers to adapt and retrain.
The Technology Select Sector SPDR Fund (XLK) offers low headline fees but carries significant hidden risks due to heavy concentration in just a few tech giants like NVIDIA, Apple, and Microsoft, which together make up 40% of the fund. Investors who a...
A low-cost AI model from China, Moonshot AI's Kimi K3, has sparked renewed discussion about spending on memory and compute power. Despite concerns that cheaper AI could reduce demand for expensive hardware, analysts suggest that U.S. chip makers like...
Jim Cramer warns that the AI stock trade has become too unpredictable and suggests investors should temporarily move their money into high-quality companies outside the technology sector, such as Goldman Sachs, Wells Fargo, FedEx, Honeywell, and Boei...
The KraneShares Public-Private AI & Technology ETF (AGIX) provides diversified exposure across AI hardware, infrastructure, and applications, including both public and private companies like Anthropic. It is positioned to benefit from the shift towar...
Infinity, an AI infrastructure startup, raised $15 million at a $100 million valuation to develop software that enables AI models to run efficiently on various chips beyond Nvidia's GPUs. Their technology aims to create a CUDA-like universal inferenc...
