The US labor market showed signs of strain in June as the labor force shrank due to a declining participation rate, which lowered the unemployment rate but raised concerns for July. Job creation has slowed while labor shortages persist, creating stagflationary pressures. Although consensus expects job growth to improve in July with 91,000 new jobs, this is likely a temporary rebound rather than a sustained recovery. This situation highlights ongoing challenges in the US labor market that could impact economic stability going forward.
Trust Carbon Infrastructure unveiled its HXS compute-efficiency layer, which reduces energy consumption by up to 50.5% and increases server throughput by 167% on NVIDIA H100 GPUs without changing AI model outputs. Tested on models from Alibaba, Meta,...
On August 1, SUI tokens worth approximately $9.9 million were unlocked, adding 13.72 million tokens to circulation. Despite a recent 5% price drop amid broader crypto market weakness, a prominent trader sees the current $0.50-$0.70 range as a strong ...
The S&P 500 gained 1% over the week, driven mainly by a rebound in tech stocks, especially the Magnificent Seven. This recovery came despite a midweek selloff triggered by Federal Reserve actions. Consumer discretionary stocks also surged, hinting at...
Nextech3D.AI is moving to acquire the remaining ownership of ARway, a company it already partially owns, to unify operations under one platform and streamline its business. The acquisition adds about $1.5 million in annual revenue and profit, enhanci...
Uber has significantly increased its involvement in autonomous vehicle (AV) technology by partnering with and investing in over 30 AV companies worldwide since 2023. After selling its own AV division in 2020, Uber shifted focus back to AVs through st...
