KGWV · U.S. MARKET INTELLIGENCE
Major AI chipmakers are moving away from using GPUs for every task and toward heterogeneous chip architectures. On Aug. 6, AMD (AMD) announced that it would acquire Taalas, a startup developing inference chips. AMD plans to add Taalas’ technology to its full-s…
Jasjeet Sekhon, chief strategy officer at Google DeepMind, recently said recursive self-improvement, or RSI, is becoming the core investment rationale for AI capital spending. He acknowledged that the revenue generated by AI so far is “not yet enough to suppor…
Berkshire Hathaway reported second-quarter operating profit of $12.983 billion, up 16% from a year earlier, while net income attributable to shareholders reached $25.667 billion, an increase of more than 107%. The company released its latest financial results…
Elon Musk said on X on Aug. 8 that some of his statements are speculative or idealized, while others are not. He said the V3 satellites, which are expected to be launched on Starship, will have capabilities an order of magnitude greater than those of the curre…
Iranian Foreign Minister Abbas Araghchi said on Aug. 8 that Iran and Oman were “close” to reaching an agreement on navigation through the Strait of Hormuz, but that this would not mean the strait would immediately reopen. Reopening also depends on other condit…
SpaceX is nominally a rocket company, but these days it feels more like a roller coaster. Last week, CEO Elon Musk watched the company’s stock plunge nearly 14% in a single day—and that still was not SpaceX’s worst performance since its IPO. By Friday, the sto…
U.S. stocks ended lower across the board on Aug. 6, with the S&P 500 down 0.18% at 7,709.96, the Dow Jones Industrial Average down 0.85% at 53,885.10, and the Nasdaq down 0.06% at 26,348.35. The 10-year U.S. Treasury yield was 4.69%, while the two-year yield,…
On Aug. 8, Apple’s website said Apple Intelligence can work with Alibaba’s Qwen model. The related features are limited to mainland China. If users choose to allow Apple Intelligence to use Alibaba’s Qwen, they can perform the following tasks: • Get more answe…
Berkshire Hathaway released its latest financial report on Aug. 8. Following Warren Buffett’s handoff of the chief executive role, the company made a rare large-scale move into stocks. At 64, Chief Executive Officer Greg Abel is beginning to deploy the record…
U.S. stocks opened higher across the three major indexes. The Dow Jones Industrial Average rose 0.14%, the S&P 500 gained 0.34%, and the Nasdaq Composite advanced 0.78%. Optical communications stocks strengthened, with Lumentum up 4% and Corning higher by more…