Author: nripn

Metaplatforms (META, Financial) announced the start of construction on a colossal data center in Richland Parish, Louisiana, confirming that it would devote $10 billion to its development. The hyperscale facility will integrate large AI and digital infrastructure operations, and construction is expected to take place from December 2024 to 2030. The data center is designed to be energy intensive. To achieve its goal of being renewable, it will partner with Entergy Corporation, which provides energy to several states, including Louisiana. Meta’s expansion aligns with its broader sustainability goals: envisioning 1 to 4 GW of nuclear power by the early 2030s…

(Bloomberg) — Paytm’s revenue fell sharply for the second straight quarter, reflecting the Indian fintech company’s struggles to revitalize its bottom line after a regulatory crackdown on some of its most important businesses. Most read on Bloomberg The stock fell 7.8% on Tuesday after the company reported a 34% drop in sales to 16.6 billion rupees ($197 million). It also reported its first-ever net profit, although much of it came from a Rs 13.5 billion gain from the sale of its events ticketing business to internet peer Zomato Ltd . A profitable quarter doesn’t help ease Paytm’s long-term challenges. The…

Nvidia (NASDAQ: NVDA) is one of the largest companies in the world. Its market capitalization stands at $3.3 trillion as of this writing, including $3 trillion in value added in the last two years alone. Nvidia’s graphics processing units (GPUs) for data centers set the benchmark for developing artificial intelligence (AI) models, and they are the primary driver of the company’s incredible growth. Over the past year, CEO Jensen Huang has shared some of Nvidia’s good fortune by investing in other AI stocks. Start your mornings smarter! Wake up with Breakfast News in your mailbox every market day. Image source:…

The Indian startup ecosystem saw a dramatic rebound in funding this week (from December 2 to 7, 2024)a sign of growing investor confidence and the maturation of the ecosystem. According to Kredible data, 30 startups raised a cumulative total of $333.05 million, an extraordinary 500% jump from the $54 million raised the previous week. In the same way, INC42 data reported $249.6 million raised across 18 deals, a 72% increase from the previous week’s $144.8 million. These figures highlight a strong resurgence in investment in startups, with deals and funding amounts seeing significant weekly growth. ALSO READ | Is funding…

It seems Nvidia (NASDAQ:NVDA) is a victim of its own success. After another incredible quarter in which it doubled its earnings per share (EPS) year over year, shares of the chipmaker fell in the days following the release of third-quarter numbers. The fact is that expectations could hardly be higher. It’s a good thing the business still seems to be operating at full capacity. This isn’t the first time something like this has happened, and it probably won’t be the last. Nvidia saw its stock fall nearly 20% in the weeks following its latest release, only to gain nearly 35%…

Up about 60% in the previous year and more than 85% in the last six months, Robinhood Markets (Hood) was among the best performers of the year. This development reflects a combination of strategic decisions and excellent market conditions. Among those moves is Robinhood’s $300 million acquisition of TradePMR, intended to enter the registered investment advisor (RIA) industry and challenge established firms such as Schwab and Fidelity. The company declared plans to provide artificial intelligence-driven financial advice at its December 2024 investor day, enhancing its wealth management offerings. Its recently opened Singapore headquarters also highlights the importance of Asia-Pacific markets.…

WASHINGTON, December 5, 2024 /PRNewswire/ — Shield AI, the defense technology company building autonomy for the world, announced that it is expanding its collaboration with Palantir Technologies Inc. (NASDAQ: PLTR), a leading systems provider of AI, to develop and provide command and control of unmanned autonomous systems, including operations in environments where GPS and communications are denied. With Warp Speed, Palantir’s manufacturing operating system for American reindustrialization, Shield AI is doubling down on its commitment to providing scalable AI-powered solutions to protect military personnel and civilians. Ryan Tseng, CEO of Shield AI, signs a strategic partnership agreement as Palantir Chief…

AI SoundHound (NASDAQ:SON) The stock is up sharply in Thursday trading. Conversational artificial intelligence (AI) the company’s stock price was up 30.1% as of 1 p.m. ET. At the time of writing these lines, the S&P500 the index was flat and the Nasdaq Composite the index was up 0.2%. SoundHound AI’s valuation increases today following the announcement of the company’s AI ordering and customer service technologies at Torchy’s Tacos. The stock is now up 157% over the past month. Missing the morning scoop? Wake up with Breakfast News in your mailbox every market day. Register for free » SoundHound issued…

We recently compiled a list of 20 Fintech Stocks Riding the Rising AI Wave. In this article, we’ll take a look at where PayPal Holdings, Inc. (NASDAQ:PYPL) stacks up to other fintech stocks. Artificial intelligence (AI) is redefining how financial services works, bringing new waves of innovation while improving efficiency and decision-making across the industry. From automating mundane processes to personalizing the customer experience, AI has firmly established itself as a revolutionary player, and nowhere is this more evident than in the fintech space. In recent years, the rise of generative AI (GenAI) models, such as OpenAI’s GPT, has accelerated…

We recently compiled a list of 13 Most Promising Fintech Stocks to Buy. In this article we will take a look at where Nu Holdings Ltd. (NYSE:NU) stacks up against other promising fintech stocks. According to a report by Expert Market Research, the global fintech market was valued at $226.71 billion in 2023 and is expected to reach $917.17 billion by 2032, growing at a compound annual growth rate of 16. 8% between 2024 and 2032. CNBC unveiled a full report. fintech industry breakdown by category. Payments accounts for 20%, alternative finance 16%, neo-banking 14%, wealth management technology 12%, business…