Key Points Nvidia plans to invest heavily in developing open-source AI models over the next five years. The company developed the CUDA platform, a library of software tools designed to optimize the performance of its GPUs. Nvidia could employ a similar strategy with open-source models. This could help pave the road for Nvidia's future success by creating models tuned to its hardware. 10 stocks we ...
Key Points Nvidia plans to invest heavily in developing open-source AI models over the next five years. The company developed the CUDA platform, a library of software tools designed to optimize the performance of its GPUs. Nvidia could employ a similar strategy with open-source models. This could help pave the road for Nvidia's future success by creating models tuned to its hardware. 10 stocks we like better than Nvidia › For many investors, when the discussion turns to artificial intelligence (AI), Nvidia (NASDAQ: NVDA) is the first topic of conversation. The company pioneered the graphics processing units (GPUs) that revolutionized gaming with the introduction of parallel computing. This groundbreaking approach divided large computational tasks across multiple processors (or cores), dramatically reducing the time needed to complete the task. It turned out that parallel processing worked equally well on the large datasets necessary to facilitate AI. Nvidia has ridden the AI revolution to new heights, helping it become the world's most valuable publicly traded company, with a market cap of $4.5 trillion. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Management is looking ahead, and Nvidia is planning a big bet on the future of AI. A $26 billion bet Over the next five years, Nvidia plans to invest $26 billion to develop open-source AI models, according to a report that first appeared in Wired and later confirmed by Nvidia executives. By delving further into the software side of AI, Nvidia would be better positioned to develop, test, and scale next-generation AI models and systems aligned with its industry-leading AI chips. The attraction of open-source models is simple: they are free and available to anyone who wants to use them, and give researchers, data scientists, and start-ups a jumping-off ...
Business Brief (March 12): China Calls for Human Control Over Military AI Applications 00:00 00:00 /00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x HOT TOPICS IEA to release 400 million barrels of strategic oil reserves Members of the International Energy Agency have agreed to release 400 million barrels of strategic petroleum reserves to handle the risk of global energy supply disruptions caus...
Business Brief (March 12): China Calls for Human Control Over Military AI Applications 00:00 00:00 /00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x HOT TOPICS IEA to release 400 million barrels of strategic oil reserves Members of the International Energy Agency have agreed to release 400 million barrels of strategic petroleum reserves to handle the risk of global energy supply disruptions caused by the war in the Middle East, according to state broadcaster CCTV. The agency’s chief stated the move aims to stabilize global energy markets and cushion the impact of the escalating regional situation on oil supplies and prices. Register to read this article for free. Register Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations. Subscribe to both Caixin Global and The Wall Street Journal — for the price of one. Disclaimer This is an AI-generated English rendering of original reporting or commentary published by Caixin Media. In the event of any discrepancies, the Chinese version shall prevail. Share now and your friends will read it for free!
Welcome to the Thursday issue of India Edition; I’m Menaka Doshi . Each week, I bring you a ringside view of the billionaires, businesses and policy decisions behind India’s rise as an emerging economic powerhouse. You can subscribe here , and share feedback with me here . This week: Why India hasn’t been able to duplicate its oil strategy with gas, travel cancellations and lessons from the past. ...
Welcome to the Thursday issue of India Edition; I’m Menaka Doshi . Each week, I bring you a ringside view of the billionaires, businesses and policy decisions behind India’s rise as an emerging economic powerhouse. You can subscribe here , and share feedback with me here . This week: Why India hasn’t been able to duplicate its oil strategy with gas, travel cancellations and lessons from the past. Running on Empty In the early days of the war on Iran, an Indian oil company executive advised my colleague Rakesh Sharma to buy an induction cooker. Sharma, Bloomberg’s Asia oil trading reporter, didn’t yield to panic. I hope he doesn’t come to regret it — because India is fast running out of gas. The impassable Strait of Hormuz has created shortages that are shuttering a variety of commercial establishments, from fertilizer plants to tile factories to even restaurants across the country. Tushar Dhadam, who runs a small restaurant in one of Mumbai’s commercial hubs, told Bloomberg he’s willing to pay twice as much for a gas cylinder “but there’s none available.” Rationalize menus, optimize fryer usage, try electric cookers and stay open for fewer hours, the National Restaurant Association of India has advised its over 500,000 members. Even the dead haven’t been spared this crisis — local media reports some crematoriums have shut gas-fueled furnaces. Prime Minister Narendra Modi’s government has prioritized supply to households , so home kitchens remain largely unaffected so far. It has also directed Indian refiners to step up gas production. But panic and lack of clear data on remaining stocks have in some places fueled a buying frenzy of gas cylinders, induction cookers and even firewood. How did it get to this, I asked Sharma. Surely this war didn’t come as a complete surprise to Modi. In fact, he was in Israel until two days before the first missile hit. He knew of the build-up of US defenses in the region. There were also warnings from last year’s attack on Iran, flail...
TLDRs; Oracle shares climb nearly 10% as multicloud revenue soars to record highs this quarter. Cloud infrastructure growth surges 84%, boosting investor confidence in AI expansion plans. Oracle’s contracted revenue backlog jumps 325%, signaling strong future revenue potential. AI deals with upfront payments ease capital spending pressures for Oracle in 2026. 💥 Find the Next KnockoutStock! Get liv...
TLDRs; Oracle shares climb nearly 10% as multicloud revenue soars to record highs this quarter. Cloud infrastructure growth surges 84%, boosting investor confidence in AI expansion plans. Oracle’s contracted revenue backlog jumps 325%, signaling strong future revenue potential. AI deals with upfront payments ease capital spending pressures for Oracle in 2026. 💥 Find the Next KnockoutStock! Get live prices, charts, and KO Scores from KnockoutStocks.com , the data-driven platform ranking every stock by quality and breakout potential. Oracle (NASDAQ: ORCL) saw its stock surge nearly 10% on Wednesday after the tech giant reported exceptional cloud and multicloud performance, alongside an ambitious fiscal 2027 revenue target of $90 billion. Shares peaked at $171.60 before settling at $163.83, marking a 9.7% increase, reflecting renewed investor optimism over the company’s AI and cloud initiatives. Oracle Corporation, ORCL Cloud Revenue Drives Major Gains Oracle’s latest quarterly report showed revenue rising 22% to $17.19 billion, led by a 44% jump in cloud revenue. Oracle Cloud Infrastructure (OCI), the company’s flagship cloud platform, posted an 84% increase, while multicloud database services skyrocketed 531%. This robust growth positions Oracle as a formidable competitor to industry leaders like AWS and Microsoft Azure. Analysts highlighted that the strong cloud performance demonstrates Oracle’s ability to capitalize on AI-driven enterprise demand. AI Deals and Strong Backlog Drive Growth Oracle continues to expand aggressively into AI while managing capital requirements efficiently. Many of the company’s recent AI contracts involve customers either paying upfront or supplying their own graphics processing units, which significantly reduces Oracle’s initial spending burden. Despite earlier concerns that Oracle might need up to $50 billion in financing for its AI expansion, the firm has already secured $30 billion. Capital spending for fiscal 2026 remains at $50 bill...
The outbreak of war in the Persian Gulf has shaken confidence in traditional safe-haven assets and prompted investors to seek refuge in the U.S. dollar. Gold and silver initially surged after the U.S. and Israel launched military strikes on Iran on Feb. 28, but the rally quickly unraveled as profit-taking and liquidity pressures led to violent price swings.
The outbreak of war in the Persian Gulf has shaken confidence in traditional safe-haven assets and prompted investors to seek refuge in the U.S. dollar. Gold and silver initially surged after the U.S. and Israel launched military strikes on Iran on Feb. 28, but the rally quickly unraveled as profit-taking and liquidity pressures led to violent price swings.
Construction of the Lynas rare earth plant in Malaysia. Photo: VCG Australian miner Lynas Rare Earths Ltd. will reserve 75% of its heavy rare earth oxide production for Japan under a new supply agreement, a move that comes as Tokyo scrambles to secure supplies of the critical minerals amid escalating export controls from China. In an announcement earlier this week, the world’s largest rare earths ...
Construction of the Lynas rare earth plant in Malaysia. Photo: VCG Australian miner Lynas Rare Earths Ltd. will reserve 75% of its heavy rare earth oxide production for Japan under a new supply agreement, a move that comes as Tokyo scrambles to secure supplies of the critical minerals amid escalating export controls from China. In an announcement earlier this week, the world’s largest rare earths producer outside of China said it signed the deal with Japan Australia Rare Earths B.V. (JARE), a joint venture between state-backed Japan Organization for Metals and Energy Security (JOGMEC) and trading house Sojitz Corp.