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Nvidia Surge Powers Nasdaq to Record High as Fed Minutes Signal Rate Cuts

Wall Street closed higher on Wednesday, with Nvidia leading the way to $4 trillion and tech giants earning strong gains. The Federal Reserve's June meeting minutes indicated that rate cuts could be on the way later this year, despite inflation related to tariffs.
Jul 10, 2025
By Anshul Panda
Singapore

Nvidia Hits $4 Trillion value, Surpasses Apple and Microsoft as CEO Jensen Huang's Wealth Soars with AI Boom

Nvidia created history by surpassing $4 million in value on Wednesday. The company left behind both Apple and Microsoft as the most valued company ever.Shares in the California-based chipmaker have rocketed by almost 1,460% over the last five years, including an 18% advance in 2025 alone. Its CEO Jensen Huang's net worth also increased by $1 billion in a single day
Jul 10, 2025
By Anshul Panda
Sam Altman

What Is OpenAI's Scaling Team? Tesla, xAI, Meta Engineers Join Their Ranks as AI Hiring Competition Heats Up

OpenAI has hired four senior engineers from rival companies—Tesla, xAI, and Meta—strengthening its backend scaling team that powers its AI infrastructure. The new recruits will support major initiatives like Stargate, OpenAI's high-performance compute project. As competition intensifies in the AI sector, this move signals OpenAI's push to stay ahead in the race for artificial general intelligence.
Jul 9, 2025
By Anshul Panda
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Poverty Porn: West's Selective Obsession and India's Economic Realities

Poverty Porn: West's Selective Obsession and India's Economic Realities

By IBTimes SG Desk
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