Amazon launches its new Trainium3 AI chip to rival Nvidia and Google, and says it’s more “cost effective” than Nvidia’s. The Trainium3 chip has up to 4.4× higher performance and 4× more memory bandwidth.

JUST IN: Amazon launches its new Trainium3 AI chip to rival Nvidia and Google, and says it’s more "cost effective" than Nvidia's. The Trainium3 chip has up to 4.4× higher performance and 4× more memory bandwidth. byu/TonyLiberty inFluentInFinance Amazon stock surged after the tech giant unveiled its new in-house AI chip, Trainium3. The company claims …

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US borrowing to soon rival that of Italy & Greece

US debt crisis is reaching historic levels — and for the first time in a century, America’s debt burden is on track to surpass Italy and Greece, according to the International Monetary Fund (IMF). The warning comes as the United States faces record spending, surging interest payments, and widening deficits that show no signs of …

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BRICS currency issue: There are many obstacles to forming a common currency to rival the dollar.

China’s currency is not freely convertible, no common monetary authority, no large and liquid bond market and lack of legal agreements, US Dollar reserves are still nearly 60% of total with euro the next closest. More than 80% of global transactions take place in dollars due to the large, liquid US treasury market. BRICS currency …

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Boeing rival Airbus shares fall 11% as company cuts 2024 guidance on targets, deliveries and cash flow

Shares of Airbus fell Tuesday after the company said it was cutting its financial targets for 2024. Airbus said it was now expecting lower earnings before interest and taxes and fewer commercial aircraft to be delivered this year. The company cited supply chain issues and additional costs in its space systems division as reasons for …

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Rumors are circulating that Elon Musk is about to release an UNWOKE search engine to rival Google

Rumors are circulating that Elon Musk is about to release a UNWOKE search engine to rival Google. Will you use it instead? pic.twitter.com/yu2NG4D37s — Matt Wallace (@MattWallace888) February 22, 2024 Elon has gone full blown rogue – calling out Big Tech Censorship on the left, Jeffrey Epstein case & the woke mind virus. Just a …

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China’s EV rush into Western markets risks ending in a ‘bloodbath’ for the industry, warns founder of Tesla rival Xpeng

The Chinese EV industry may have little choice but to square off in a potential fight to the death, according to the billionaire co-founder of Xpeng. No matter who wins, though, their Western peers stand to lose. As China’s carmakers pursued profitable growth in the West, the country took Japan’s crown as the largest automotive …

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Is This Why The OpenAI Board Fired CEO/Co-Founder Altman? …Altman sought billions for an AI-Chip venture to rival NVDA…

As (completely unfounded) rumors swirl over the OpenAI board’s sudden shock firing of CEO and co-founder Sam Altman, Bloomberg reports, citing people familiar with the matter, that in recent weeks, Altman was actively working to raise billions from some of the world’s largest investors for a new chip venture to reportedly rival NVDA’s. The project …

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