Fed Chair Powell Says No Digital Dollar Under His Watch
In a startling revelation, the chairman of the Federal Reserve System, Jerome Powell, testified before the Senate Banking Committee and voiced his concerns about a Central Bank Digital Currency (CBDC) in the United States of America. During the hearing, Senator Bernie Moreno of Ohio asked Powell directly, “Something that concerns me a lot is the…
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Google Scraps its Diversity-Based Hiring Project
In January, the owner company of the biggest social media platforms in the world, Meta, announced that it would be ending its DEI programs, including the ones for hiring, training and picking suppliers. They announced an internal memo. After this move by Meta, Alphabet’s Google was quick to follow suit and announced that it would…
Nvidia’s Future in Jeopardy, China takes Center Stage
Shares of the chipmaking giant Nvidia plunged on Monday following an announcement by a Chinese firm. This marked the worst day for chipmaker’s shares after the global market sell-off in 2020 due to the pandemic. The plunge is the direct result of the advances claimed by a Chinese startup and a global share sell-0f over…
NVIDIA Introduces New Llama Nemotron Models
At CES 2025, NVIDIA CEO Jensen Huang introduced the latest Nemotron models, including the Llama Nemotron large language models (LLMs) and Cosmos Nemotron vision language models (VLMs), designed to enhance agentic AI capabilities and drive enterprise productivity. The Llama Nemotron models, based on the Llama foundation models, empower developers to build AI agents for applications…
US-China Tensions to Impact Nvidia’s Global Chip Sales
Nvidia, the biggest chipmaker in the world, once held the crown of the most valuable company in the world, is in a bit of a shackle right now. Nvidia has worked for years to make an ecosystem where the whole world can buy AI or normal chips from them. However, that ecosystem is now in…
Intel CEO Pat Gelsinger Forced Out Effective Immediately
The long-time Intel employee and the company’s CEO for four years has been forced out due to the board losing confidence in his turnaround plans. The board has handed control to two lieutenants as the faltering American chipmaking giant searches for the right choice for the position. Gelsinger, who left on Dec 1, after a…