TECHNOLOGY

Since the beginning of the digital age, most of the world's internet data has flowed through massive data centers in Northern Virginia. The area is known as "Data Center Alley" because it's home to the world's largest concentration of data centers. Some call the area 'spy country' because of the number of data centers used by the Central Intelligence Agency and other intelligence agencies. 

The proliferation of AI data centers across Virginia's (more…)

Authored by James Rickards via Daily Reckoning,

As you know, artificial intelligence (AI) is all the rage these days. From a market perspective, it’s certainly taken on bubble dynamics.

And I believe leading AI chipmaker Nvidia is about to get hammered, which could trigger a much broader market crash beginning tomorrow afternoon, shortly after 4 p.m.

But from a broader AI perspective, the news is full of stories about how machines with vast computing power and (more…)

Update:

Bloomberg now reports that Nvidia has discussed investing in Microsoft-backed OpenAI through a new funding round. This comes one hour after WSJ reported that Apple was also discussing investing in Sam Altman's chatbot startup. 

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Less than one day after the Wall Street Journal reported that venture capital firm Thrive Capital would invest at least a billion dollars in Microsoft-backed OpenAI at (or around) $100 billion valuation, new reports indicate (more…)