A premarket tech stock selloff extended into the cryptocurrency market on Monday (January 27) ahead of a data-packed week that includes interest rate announcements from the US Federal Reserve and Bank of Canada.
The tech-heavy Nasdaq composite closed down nearly 3% on Monday, with shares of AI-focused chipmaker Nvidia plunging 17% and shaving nearly $590 billion from the company’s market cap.
Key Fed decision: The central bank’s expected decision today is the first following Trump’s return to office, which has been marked by a flurry of executive orders as the US president seeks to impose his agenda on Washington.
ChatGPT is an artificial intelligence chatbot based on OpenAI's foundational GPT-4 large language model. It parses the user's natural-language prompts or multimedia input and gene
The semiconductor company's share price was down 7% as of 3:45 p.m. ET amid the backdrop of a 1.8% decline for the S&P 500 (SNPINDEX: ^GSPC) and a 3.5% decline for the Nasdaq Composite (NASDAQINDEX: ^IXIC).
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XRP (CRYPTO: XRP) is falling in Monday's trading. XRP and other cryptocurrencies are seeing sell-offs in today's trading due to a combination of bearish catalysts. In addition to concerns about a new artificial intelligence (AI) model launched by a Chinese company,
U.S. chip stocks were a mixed bunch with several joining Nvidia in the red. Cirrus Logic was down 2.2% while ARM Holdings' U.S. shares fell 2.1% and Broadcom lost 1.8%. On the other side of the fence Coherent Corp was up 3.6% and Advanced Micro Devices rose 2.6%. ASML's U.S. shares were last up 4.4%.
While investors fret about what the arrival of DeepSeek means for their all-in bet on American artificial intelligence dominance, they’re ignoring even bigger questions.
OpenAI — the company behind ChatGPT and a big part of Stargate — is partnering with the U.S. National Laboratories. NPR's Mary Louise Kelly spoke with OpenAI's Chris LeHane, here are the highlights.
NPR's Mary Louise Kelly talks with Chris Lehane, chief global affairs officer of OpenAI, about Stargate, DeepSeek and the future of AI development.
Trump throws a Fed-fed temper tantrum; SoftBank bets big on OpenAI; Michael Dell’s merchant bank bets big on OpenAI’s banker; Dan Loeb wants to fire Soho House’s manager; and more!