News list for " tens of billions of dollars"

DeepSeek hits US stocks, Silicon Valley boss's net worth evaporates tens of billions of dollars

On January 28th, according to Forbes, Chinese generative artificial intelligence startup DeepSeek hit US stocks, Nvidia's stock price plummeted 16%, the market value evaporated more than 500 billion US dollars, and its CEO Huang Renxun's net worth shrank by 19.80 billion US dollars as of 1:45 Beijing time, the total wealth fell from 124.40 billion US dollars to 104.60 billion US dollars, and fell to 17th in the 10th place of Forbes' real-time billionaire list. The steeper shrinkage was Oracle Ch...

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2025-01-27 19:01:32
1. It is reported that OpenAI will raise tens of billions of dollars to build AI infrastructure in the United States. 2. OpenAI launched the GPT Next program this year: AI...

1. It is reported that OpenAI will raise tens of billions of dollars to build AI infrastructure in the United States. 2. OpenAI launched the GPT Next program this year: AI performance jumped 100 times, Orion is expected to take over GPT-4. 3. Google upgraded the Gemini 1.5 Flash model, and the AI chat response speed increased by up to 50%. 4. Meta announced the download data of the Llama AI model family: the world's super 350 million and 3.1-405 B models are the most popular. 5. How was the firs...

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2024-09-04 04:05:51
The protagonist of the Big Bang of the Century was found guilty of causing Wall Street to lose billions of dollars in blood

On July 11, Bill Hwang, founder of Archegos Asset Management, was criminally charged for his company's 2021 bankruptcy. A two-month trial ended on Wednesday with the guilty verdicts of Bill Hwang and co-defendant Patrick Halligan, the chief financial officer. Bill Hwang, 60, pleaded not guilty to one count of conspiracy to defraud, three counts of fraud and seven counts of market manipulation, but was convicted on 10 of the 11 counts. Now, each conviction carries a maximum sentence of 20 years i...

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2024-07-10 21:01:06
Bloomberg: The bitcoin halving could have a $10 billion impact on cryptocurrency miners

According to a Bloomberg article, the next "halving" of Bitcoin is expected to take place around April 20, which will reduce the amount of Bitcoin that miners can earn by verifying transactions by half. The "halving" of Bitcoin may cause about 10 billion dollars of impact on cryptocurrency miners. In addition, the increasing competition of artificial intelligence companies for preferential electricity bills will also lead to a decline in the revenue of bitcoin mining companies after the cost sur...

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2024-04-15 16:47:09