December 19, 2024

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Latest December 19, 2024

US Investigates Nvidia Chip Smuggling to China Amid Export Controls

Key Points U.S. Department of Commerce urged Nvidia to investigate AI chip sales in China. Smugglers evaded detection by duplicating and altering server serial numbers. Nvidia chips, used in Super Micro and Dell servers, reached Chinese institutions. Nvidia emphasizes strict adherence to export restrictions. Biden administration expanded chip bans to 140 entities this year. U.S.-China...

Accenture Beats Revenue Estimates with AI Demand Driving Growth

Key Points Accenture reported Q1 revenue of $17.7 billion, exceeding estimates of $17.12 billion. Shares rose 4.72% in premarket trading due to strong AI-driven demand. Annual revenue growth is forecasted at 4%-7%, up from the previous 3%-6% range. Q2 revenue guidance of $16.2-$16.8 billion is slightly below market expectations. Accenture surpassed Wall Street expectations for...

Machine Learning Unveiling the Future through Data Insights

Machine Learning (ML) is a subfield of artificial intelligence that has emerged as a transformative force shaping how we perceive and interact with technology. It's a technology that mimics the human brain's ability to learn and adapt, enabling computers to identify patterns, analyze digital data, and make decisions without explicit programming. As it continues to...