Saudi Arabia’s $930 billion sovereign wealth fund made the move for the kingdom to become a major host of AI data centers at the kingdom’s annual FII summit. © 2016 Bloomberg Finance LP Saudi Arabia has over the past decade used its massive oil wealth to become an important backer of technology companies. Now at … Read more
Decade after decade of widely available computing power has caused significant industry disruption and an unprecedented technology boom—and transformed the global economy in the process. High-frequency trading firm Citadel Securities, for example, began to incorporate advanced computing capabilities into its core strategy in the early 2000s, and in turn was able to harness endless processing … Read more
Artificial intelligence is transforming financial markets at breakneck speed, but this is technological … [+] the revolution may contain hidden systemic risks. Adobe Stock The current AI euphoria in the stock market, fueled by companies like NVIDIA developing powerful machine learning processors, may be masking a more troubling reality. While artificial intelligence promises to revolutionize … Read more