OneRail, a last-mile delivery company, has launched OmniStar, a new AI-powered platform developed with Nvidia to help retailers make faster and more efficient delivery decisions. The platform uses OneRail's proprietary data and Nvidia's AI technology to evaluate delivery options in real-time, significantly reducing decision time from 20 minutes to about 2.5 minutes. This innovation aims to help smaller retailers compete with giants like Amazon and Walmart by improving delivery speed, efficiency, and cost-effectiveness. OmniStar has already been deployed with some customers, showing substantial savings and is expected to handle over $6 billion in gross merchandise volume by the fourth quarter.
Nvidia has invested $3.5 billion in convertible bonds issued by MediaTek as part of a new partnership to integrate Nvidia technology with MediaTek's custom AI chip business. This collaboration aims to expand MediaTek's presence in the data center mar...
JPMorgan introduced two new ETFs, ROCY and ROCQ, designed to reduce the tax burden on income for investors holding shares in taxable accounts. Unlike JEPI, which generates mostly ordinary income taxable annually, these new funds focus on return-of-ca...
Vanguard's VGT ETF, though appearing diversified with 324 holdings, is heavily concentrated in semiconductor stocks, especially those tied to AI chips like NVIDIA, which alone makes up about 17% of the fund. This concentration means the fund's future...
August saw notable market volatility amid ongoing Middle East tensions and record diesel crack spreads. Strong earnings growth in the S&P 500 was led by AI chipmakers like NVIDIA, though concerns about vendor financing and credit risk are rising. Fed...
Nvidia announced a program to earn revenue twice on each chip sold—once at sale and again through sharing cloud profits with smaller cloud providers. The plan aimed to create recurring revenue by financing hardware purchases and sharing cloud usage p...
