Crypto News
Discover the Hidden Gems in AI Chip Business: Uncovering the Other Successful Companies Besides Nvidia
The pandemic may have brought about a storm, but it has also fostered fertile ground for innovation. The rise of AI, led by generative AI tools such as ChatGPT and Stable Diffusion, has not only aided the tech sector’s recovery but has also driven it towards unprecedented growth. As we look into the future, one thing is clear: AI is not just a part of the tech industry; it is becoming the tech industry. Markets, in general, are rebounding post-pandemic. However, the advent of AI has been a particular windfall for tech stocks, especially hardware manufacturers. The most evident recent example, of course, is NVIDIA, the company behind the leading industrial-grade graphic processing hardware and the creators of CUDA technology, without which contemporary AI developments would not be feasible. In a mere five months, NVIDIA has experienced the most significant surge to its stock price in its history. It has now recorded a 166% spike after enduring a 50% drop due to a rough combination of political conflicts between the U.S. and China, the 2022 chip crisis, and a market standstill caused by the COVID-19 pandemic. In less than half a year, the company has recuperated from these losses, and there’s no sign of it slowing down in the near term.
AI hardware manufacturers such as Advanced Micro Devices Inc. (AMD), Taiwan Semiconductor Manufacturing (TSM), and Micron Technology (MU) are also experiencing significant stock growth. In addition to this, software companies, such as Meta (META) and Microsoft (MSFT) are also profiting significantly from the AI surge, with the release of open-source contributions such as the Large Language Model LLaMA. Alphabet Inc (GOOGL) is also heavily invested in AI with the development of Tensor Processing Units (TPUs) and TensorFlow, as well as the launch of Bard and its improved PaLM2.
The surge of AI has been a major windfall for tech stocks, especially those in the hardware and software industry, with many companies experiencing significant stock growth. This trend is likely to continue in the near term, thus offering investors significant opportunities for investment. #AI #Stocks #Investment #Technology #Innovation
You can read more about this topic here: Decrypt: Not Just Nvidia: These Are the Other Big Winners in the AI Chip Biz
The post Discover the Hidden Gems in AI Chip Business: Uncovering the Other Successful Companies Besides Nvidia first appeared on Byte Syze Crypto.
Tron founder and advisor to the exchange, Justin Sun, has stated that Huobi could get a Hong Kong crypto license in six to twelve months. Specifically, Sun told Coindesk that the exchange applied to become a virtual asset service provider (VASP) last week. Additionally, Sun discussed the process of the VASP application and his belief that the crypto exchange could have an answer by the end of the year. Huobi had recently relocated to Hong Kong, aiming to launch Huobi Hong Kong by the summer. Sun was asked about embracing potential competition in the Canadian market and noted the strict regulatory standards in the country, referring to the Caribbean, Hong Kong, and Japan. There has been no verification of other cryptocurrency exchanges that have applied for a similar license, however, Coindesk reported Sun’s expectation that five to six other exchanges could make the move.
This news is good for Huobi as they are in the process of obtaining a crypto license in Hong Kong, which would allow them to operate in the region and serve customers. Other exchanges may also apply for the license, and the grace period given to the exchange could provide them with the opportunity to get approval in the next six to twelve months.
#Huobi #HongKong #CryptoLicense #VASP #JustinSun
You can read more about this topic here: Watcher Guru: Justin Sun Says Huobi Could Get Hong Kong Crypto License in 6-12 Months
The post Justin Sun Predicts Huobi Crypto Exchange to Secure Hong Kong License in Under a Year first appeared on Byte Syze Crypto.
#CryptoSafety #RugPulls #DefiExploits #ProtectInvestors
You can read more about this topic here: Watcher Guru: Crypto Rug Pulls Outvalued Defi Attacks in May, $45 Million Lost
The post Crypto Rug Pulls: How $45 Million In Defi Attacks Were Lost In May first appeared on Byte Syze Crypto.
The Commodity Futures Trading Commission (CFTC) has proposed a re-modelled rule-set for risk management as part of its effort to respond to the U.S. banking crisis. Commissioner Christy Goldsmith Romero highlighted the need for such regulations due to the risks posed by the emergence of technologies like crypto, AI, and cloud services. The CFTC’s advance notice of proposed rulemaking will be open for public comments for 60 days. The final version will then be voted upon. #CFTC #RiskManagement #Crypto #Regulations
You can read more about this topic here: Watcher Guru: Crypto: U.S. CFTC Looking to Change Risk Rules
The post CFTC Set to Revamp Risk Regulations: How it Impacts the Crypto Industry first appeared on Byte Syze Crypto.
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