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Norway to recognise Palestinian state, NRK and Aftenposten report May 22, 2024 01:21AM

OSLO (Reuters) -Norway's government will announce on Wednesday that the Nordic country recognises an independent Palestinian state, public broadcaster NRK and daily Aftenposten reported, citing unnamed sources.

Norway's foreign ministry did not immediately respond to a request for comment.

The Irish government will also announce on Wednesday the recognition of a Palestinian state, a source familiar with the matter said on Tuesday.

... (continue reading...)
iFlytek enters China's AI language model price war May 22, 2024 01:07AM

By Eduardo Baptista

BEIJING (Reuters) - Artificial intelligence (AI) firm iFlytek on Wednesday entered a brewing price war between some of China's biggest tech companies, after it made some versions of its "Spark" large-language model (LLM) free or five times cheaper than similar products from competitors.

The move comes a day after Chinese tech giants Alibaba and Baidu slashed prices of their LLMs used to power generative AI products,... (continue reading...)


Analysis-Europe stock pickers go old-school to ride the next wave in AI May 22, 2024 01:03AM

By Lucy Raitano

LONDON (Reuters) - European stock pickers are turning to more established sectors like utilities, professional data providers and even copper miners to tap into the next wave of the AI boom, a year after AI chipmaker Nvidia's emergence as a driving force.

Enthusiasm for artificial intelligence helped drive a rally across equity markets in 2023, propelling Nvidia and Dutch semiconductor equipment supplier ASML into the... (continue reading...)


Analysis-Earnings from AI-heavyweight Nvidia to test US stocks’ record run May 22, 2024 01:01AM

By Lewis Krauskopf

NEW YORK (Reuters) - Earnings from semiconductor bellwether Nvidia on Wednesday are set to provide the latest test for a U.S. stock market rally that has taken indexes to record highs this year.

A 90% run in Nvidia’s shares this year has made it the third-biggest U.S. company by market value, trailing only Microsoft and Apple.

Its influence on broader markets has also grown. Because Nvidia’s chips... (continue reading...)


Morning Bid: Nvidia vigil almost over May 22, 2024 12:32AM

A look at the day ahead in European and global markets from Kevin Buckland

Two of the biggest events of this week are almost upon us, as Wednesday brings an end to the drawn-out two-day news vacuum that has seen markets drift along with little clear direction.

The headliner surely is the long-awaited earnings report and accompanying commentary from AI darling Nvidia, which undoubtedly will determine whether the Nasdaq bursts through the... (continue reading...)


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