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The chief executive of Norway's gigantic sovereign wealth fund on Tuesday said there is "clearly a lot of froth" in the tech sector, suggesting that whether there is too much of it could depend on this week's tech earnings bonanza.
SEOUL/TAIPEI/TOKYO -- Chip shares across Asia opened sharply lower Monday morning, following a steep fall in Nvidia's share price in the U.S. market over the weekend, reflecting concerns over the durability of the artificial intelligence boom.
Japanese tech conglomerate SoftBank is looking to develop a "world-class" Japanese-language-specific generative artificial intelligence model, and plans to invest $960 million in the next two years to bolster its computing facilities, according to a Nikkei report.
Stock futures pushed higher Monday as Wall Street looks to find its footing following a steep sell off for tech companies.
Blocked from operating and expanding in China, leading American computing and software companies have shifted their focus to Japan, reinforcing a longstanding partnership that is accelerating the recovery of Japan’s technological competitiveness.
Chinese universities and research institutes recently obtained high-end Nvidia artificial intelligence chips through resellers, despite the U.S. widening a ban last year on the sale of such technology to China.
U.S. stock futures were little changed on Monday night after the S&P 500 snapped a six-day losing streak, buoyed by a rebound in tech stocks. Wall Street also looked ahead to key earnings and economic data later this week.
TOKYO -- Japan's Sakura Internet has secured around 20 billion yen worth ($130 million) of Nvidia's next-generation B200 chips as part of its investment to strengthen domestic artificial intelligence computing power, the company said on Friday.