To The Moon

$D-Wave Quantum$ CEO Alan Baratz says $Nvidia$ CEO Jensen Huang is an authority on many areas of computing, but not all areas and not on quantum computing. Huang is “dead wrong” with his comments on the usefulness of quantum applications being years away, argues Baratz, who says that his company is “commercial today” and its services are being used by companies like Mastercard today, “not 30 years from now, today.”

— President Joe Biden’s administration plans one additional round of restrictions on the export of artificial intelligence chips from the likes of Nvidia Corp. just days before leaving office, a final push in his effort to keep advanced technologies out of the hands of China and Russia.Nvidia objected to the proposal in a statement. “A last-minute rule restricting exports to most of the world would be a major shift in policy that would not reduce the risk of misuse but would threaten economic growth and US leadership,” Nvidia said.Earlier: US Discusses Capping Nvidia AI Chip Sales to Some Countries. The measures build on years of curbs that already limited the ability of American chipmakers like Nvidia and Advanced Micro Devices Inc. to sell advanced processors in China and Russia. The US also has sought to prevent adversary nations from accessing cutting-edge US technology through intermediaries in places like the Middle East and Southeast Asia. Data centers are strategically crucial

Nvidia shares had run up in advance of the event, but CEO Jensen Huang didn't mention Rubin, the company's next chip familyNvidia Corp. shares made a run higher in the days leading up to Chief Executi

SoFi Technologies Inc : Kbw Cuts to Underperform From Market Perform; Raises Target Price to $8 From

We recently published a list of 10 Worst ARK Stocks To Buy According to Short Sellers. In this article, we are going to take a look at where SoFi Technologies, Inc. stands against other worst ARK stocks to buy according to short sellers.Cathie Wood ofARK Investmentis one of Wall Street’s most well-known hedge fund bosses. In a hedge fund industry dominated by players that focus on quantitative trading, value stocks, and balanced portfolios, Wood stands out from the pack by focusing on disruptive innovation and firms that she and her firm believe will change the world.At the heart of Ark Invest’s trading strategy is the fund’s flagship ARK Innovation ETF fund. Over the past five years, this fund has gained a modest 23% which is substantially lower than the flagship S&P index’s 93.5%. Zooming into its 2024 performance, this fund has gained 20.5% while the index is up by 28.3%.

The U.S. Department of Justice has aggressively pursued Google as a monopolist in recent years, going back to the first Trump administration. And it's gotten a federal judge to rule in its favor.But the DOJ's full intentions weren't fully clear until late last night when the department filed specific remedies that it would like to see the U.S. District judge impose. The DOJ is out for a pound of flesh.An end to search payments: The payments that Google makes to be the default on mobile devices were at the heart of the DOJ's case. Most prominent among these are Google's payouts to Apple, which were pegged at $20 billion in 2022 during the trail. That number represented 16% of Google's cost-of-revenue. But they're also material to Apple, comprising 5% of its 2022 revenue. Assuming that stream of payments all falls to the bottom line, it would have been roughly 21% of Apple's net income that year.The ban goes beyond third-party payments. The DOJ has said it wants to stop Google from using

Google faces an anxious wait on Wednesday, with the Biden administration expected to ask a judge to consider breaking up the Big Tech company.Having climbed 1.6% the previous session as part of a broader tech rally, shares in parent company Alphabet gave up those gains early Tuesday, slipping 2.2% to $174.21. The benchmark S&P 500 slipped 0.8%.Alphabet’s decline was in line with that of its Big Tech peers. Nvidia fell 2.1%, Amazon was also 1.9% down and Microsoft stock slipped 1.6%.In a court fi

-- Top Justice Department antitrust officials have decided to ask a judge to force Alphabet Inc.’s Google to sell off its Chrome browser in what would be a historic crackdown on one of the biggest tech companies in the world.The department will ask the judge, who ruled in August that Google illegally monopolized the search market, to require measures related to artificial intelligence and its Android smartphone operating system, according to people familiar with the plans.Antitrust officials, along with states that have joined the case, also plan to recommend Wednesday that federal judge Amit Mehta impose data licensing requirements, said the people, who asked not to be named discussing a confidential matter.If Mehta accepts the proposals, they have the potential to reshape the online search market and the burgeoning AI industry. The case was filed under the first Trump administration and continued under President Joe Biden. It marks the most aggressive effort to rein in a technology