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NVIDIA's Jensen Huang: Will Cut Off Chip Supply If Customers Develop Unsafe AI Software, But Downplays AI Safety Concerns and Bubble Talk
NVIDIA CEO Jensen Huang stated that he would stop supplying chips to customers who develop unsafe AI software, but also emphasized that current market concerns about AI safety risks are overblown, as is the notion of an AI bubble.
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Next: Jensen Huang reiterated that the AI infrastructure shortage will last for several years, and chip stocks such as NVIDIA plummeted on Wednesday.
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Morocco's phosphate giant OCP SA seeks foreign investors as war-induced supply disruptions hit profits
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Goldman Sachs: Brazil's First-Round Election Results Trigger "Busiest Week Ever," Foreign Investors Bet on Bolsonaro Victory
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Nikkei 225 rose 0.3%, as investors may be adjusting positions ahead of the release of US CPI data.
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Autonomous driving software maker Applied Intuition is seeking to raise funds at a valuation of at least $30 billion, double its June valuation.
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South Korean stocks opened higher on Wednesday, with the KOSPI index rising 0.44% at the open and climbing 1.83% to 6,146.01 points as of 9:15 AM, after plunging 5.46% the previous day due to AI concerns.
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Singapore's Q3 GDP grew by 5.4%, lower than the previous quarter's four-year high but above expectations.
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Microsoft added over $130 billion in data center leases in a single quarter, planning to more than double its computing capacity by 2032.
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BofA Securities expects Credo Technology (CRDO)'s optical business to exceed $600 million in total scale by FY27, with its FY28 6.4T scale-up NPO products seeing increased volume. The market may be underestimating its scale-up optical opportunities.
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Binance Will Add 4 bStocks Tokenized Securities as Collateral Asset
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Hong Kong's interbank cash reserves are near historic lows, and the HKD exchange rate is approaching the weak end of its trading band. Strategists are concerned that the Hong Kong Monetary Authority's actions to defend the HKD could increase the volatility risk of borrowing costs.
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