Data: S&P Capital IQ Pro; Chart: Erin Davis/Axios Visuals Nvidia made billions selling AI's essential ingredient: chips. - Now it's plowing those riches straight back into the AI ecosystem, betting on a buildout that craves ever more compute. Why it matters: Nvidia has become the AI industry's supplier, banker and kingmaker, feeding a self-reinforcing cycle in which chip profits finance the next wave of chip demand. State of play: Already the world's most valuable company, Nvidia is now worth more than five of the 11 sectors that make up the S&P 500. - The chipmaker reported nearly $60 billion in quarterly profit Wednesday, prompting The Kobeissi Letter to call the results "the most impressive earnings in history." - Nvidia believes…
Europe's landmark AI law has moved from an idea to enforcement. Why it matters: Brussels will soon learn whether it can turn its sweeping AI rulebook into regulation that companies can actually follow—and if it can become a global benchmark for AI standards. Driving the news: A major enforcement deadline arrived Aug. 2 . - Most notably, new transparency and disclosure requirements are in effect for chatbots and AI-generated content. - Europe's AI Office has not gone after any companies covered under the law for misconduct yet, but it can now request information from companies or ask for access to models. What they're saying: "This is a messy piece of legislation," Patrick Van Eecke, a partner at Cooley in Brussels who advises…
By Noel S. Williams Canada must immediately cease and desist from charging tolls on the use of any canals and locks it operates that are connected to Lake America.
By Jack Hellner Those not caught in the media’s web of deceit understand that the real “affordability crisis” happened on Biden’s watch, and Trump is fixing it.
By Silvio Canto, Jr. Canada may have its pride, but sometimes pride leads people to cut off their noses to spite their faces, and that seems to be its current trajectory with Trump.
TUPAC TRIAL LIVE: Watch Day 10 of the trial of Duane “Keefe D” Davis, who is accused of orchestrating the 1996 drive-by shooting of Tupac Shakur, live from Las Vegas court. Davis is charged with murder with the use of a deadly weapon with intent to promote, further or assist a criminal gang. The trial is expected to last about a month. Prosecutors accuse Davis of ordering the fatal shooting as retaliation for a brawl that broke out on a casino floor shortly before Shakur was killed. Authorities have also pointed to comments Davis made in several media interviews as evidence of his alleged involvement in the killing. Among the 200 potential witnesses in the case are some notable names, including: Marion "Suge" Knight - Former Death Row…
