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(Reuters) -Nvidia insiders sold over $1 billion worth of company stock in the past year, with a notable uptick in recent trading activity as executives capitalize on surging investor interest in artificial intelligence, the Financial Times reported on Sunday. More than $500 million of the share sales took place this month as the California-based chip …

Nvidia insiders sold over $1 billion in stock amid market surge, FT reports Read More »

(Reuters) -Meta Platforms is hiring four more OpenAI artificial intelligence researchers, The Information reported on Saturday.  The researchers, Shengjia Zhao, Jiahui Yu, Shuchao Bi and Hongyu Ren have each agreed to join, the report said, citing a person familiar with their hiring.   Earlier this week, the Instagram parent hired Lucas Beyer, Alexander Kolesnikov and Xiaohua …

Meta hires four more OpenAI researchers, The Information reports Read More »

By Shariq Khan NEW YORK (Reuters) -California’s energy regulator on Friday recommended new rules to encourage more private investment in fuel imports and a pause on refiner profit limits, hoping to stop gasoline prices from skyrocketing in the state as it braces for the closure of two of its major refineries. The recommendations by the …

California should raise fuel imports, pause margin cap, regulator says Read More »

By Stephen Culp NEW YORK (Reuters) -Wall Street extended its rally on Friday, sending S&P 500 and Nasdaq to all-time closing highs as trade deal hopes fueled investor risk appetite and economic data helped solidify expectations for rate cuts from the U.S. Federal Reserve. Stocks pared gains after U.S. President Donald Trump terminated trade negotiations …

S&P 500, Nasdaq hit record closing highs amid trade negotiations, rate cut bets Read More »

(Reuters) -Ripple Labs will withdraw its cross appeal against the U.S. Securities and Exchange Commission in a prolonged legal battle tied to the sale of its XRP tokens, the crypto firm’s CEO said on Friday. “We’re closing this chapter once and for all,” Ripple Labs CEO Brad Garlinghouse said in a post on X, adding …

Ripple to drop cross appeal against US SEC in crypto lawsuit, CEO says Read More »

(Reuters) -OpenAI has recently begun renting Google’s artificial intelligence chips to power ChatGPT and its other products, a source close to the matter told Reuters on Friday. The ChatGPT maker is one of the largest purchasers of Nvidia’s graphics processing units (GPUs), using the AI chips to train models and also for inference computing, a …

OpenAI turns to Google’s AI chips to power its products, source says Read More »