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J.P. Morgan raised its S&P 500 year-end target to 8,000, citing stronger corporate earnings and growing confidence in AI investments. The brokerage also raised its 2026 and 2027 earnings forecasts, while maintaining a 20-times valuation multiple amid risks from higher rates and geopolitical uncertainty.
Trump administration officials say OpenAI jeopardised its White House standing by hiring Dean Ball as head of strategic futures. Officials dispute Ball’s claim that he was the primary drafter of America’s AI Action Plan, calling him a mid-level analyst without clearance. The row escalated after Ball’s post on Chinese open-source model Kimi K3 drew fire…
Singapore raised its 2026 economic growth forecast to 4.5%-5.5% from 2.0%-4.0%, supported by stronger-than-expected AI investment and a milder impact from the Middle East conflict. The economy grew 5.9% year-on-year in Q2, while robust AI-related demand is expected to support growth in the second half of the year.
Nvidia CEO Jensen Huang said AI compute is emerging as a new investable asset class as the chipmaker partners with six major financial firms to establish financing platforms. The initiative aims to mobilise over $500 billion in third-party capital for AI infrastructure, as Nvidia seeks to position compute capacity as productive, long-term infrastructure.
Nvidia has joined forces with six prominent financial institutions to enhance AI infrastructure funding. The collaboration will see these firms create platforms aimed at financing companies that purchase Nvidia hardware. The goal is to harness over $500 billion in external capital, positioning AI chips as a fresh asset class that encourages the growth of AI…
Rescue teams are actively searching the Shivagange Hills for Advait Upadhyay, a missing cybersecurity expert. Drones have spotted a potential body hidden in the thick greenery close to Shantala Drop. Continuous rainfall and rugged landscapes complicate the ongoing rescue operations to confirm the find. Advait, an IIT alumnus, vanished on Friday during a solo trekking…
Daughter vs father legal fight over Rs 8.13 lakh PPF amount: In her complaint, she claimed that there were matrimonial disputes between her mother and father and she was living with her mother. The daughter alleged that her father has taken away all her funds, only to pressurise the mother by putting them under financial…
RBA leaves rates steady at 4.35%; warns of more hikes amid high inflation
4 good reasons to give when asked why you’re leaving your job (and 5 to avoid)
Planning an international trip? A ‘zero forex markup’ credit card promises savings, but hidden charges and fluctuating exchange rates can still impact your costs. Discover what this popular travel perk truly means, when it saves you money, and if a prepaid forex card might be the smarter choice for your next adventure.