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Arm Holdings IPO: UK-based chip designer valued at £43.6bn ahead of eagerly awaited return to the stock market | Business News
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UK-based chip designer Arm Holdings has secured a $54.5bn (£43.6bn) value ahead of its eagerly anticipated return to the stock market later on Thursday. Shares in the firm, majority-owned by Japan’s SoftBank Group, are scheduled to start trading today on the Nasdaq in New York. High demand from investors meant it was able to sell…
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Tech shares race ahead as Nvidia delights with AI-driven doubling of revenue | Business News
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The US tech firm that dominates the market for chips used in artificial intelligence (AI) has delighted investors with a doubling in quarterly revenue, promising more of the same in future. Nvidia shares gained almost 10% in after-hours trading in New York on Wednesday night when it revealed a string of numbers that beat analysts’…
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Artificial Intelligence a ‘threat to democracy’ says government expert ahead of 2024 elections | UK News
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Artificial intelligence will threaten our democracy ahead of upcoming elections in the United Kingdom and the United States, according to one of the world’s leading computer scientists. Speaking on Beth Rigby Interviews… Dame Wendy Hall says AI’s ability to damage democracy should be more of an immediate concern than any existential threat posed by the…
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SpaceX tests most powerful ever rocket ahead of trips to moon | Science & Tech News
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SpaceX has tested its most powerful ever rocket system ahead of planned civilian trips to the moon. Yesterday Elon Musk‘s company fired up the engines on its towering Super Heavy booster, which makes up one half of the ambitious Starship craft targeting its first orbital flight in the coming weeks. The stationary test did not…
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CES 2023: How ‘virtual twins’ are helping doctors perform surgery ahead of time | Science & Tech News
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Away from novelties like a smart bird feeder and camera-equipped oven, one corner of the world’s biggest technology event is inviting attendees to meet their virtual twin. Set up in the Las Vegas Convention Center at the Consumer Electronics Show (CES), the ambitious “living heart” and “living brain” initiatives are the work of French software…