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xAI Brings Colossus Online

xAI Brings Colossus Online

Elon Musk's artificial intelligence company, xAI, has unveiled Colossus, a massive AI training system boasting 100,000 Nvidia H100 GPUs. Built in just 122 days, Colossus is being hailed as the world's most powerful AI training cluster. It is designed to advance xAI's...

Citadel’s NVIDIA Share Sale (1 min read)

Citadel’s NVIDIA Share Sale (1 min read)

The hedge fund Citadel reduced its NVIDIA holdings from $60 million at the end of March to $19 million at the end of June. This significant reduction occurred during the second quarter of 2024, with Citadel offloading approximately 500,000 shares of the AI chip giant....

The Global Stock Rout (2 min read)

The Global Stock Rout (2 min read)

As reported by Reuters and Bloomberg, global stock markets experienced a significant sell-off on August 5, 2024. Investors fled to the safety of bonds amid growing concerns about a potential U.S. recession and the Federal Reserve's policy stance. Key Factors of...