“A trillion dollars of installed global data center infrastructure will transition from general purpose to accelerated computing as companies race to apply generative Al into every product, service and business process.”

U.S. markets ended in the red on Wednesday as the debt ceiling stand-off continued without any resolution.

Fitch Ratings has placed the United States ‘AAA’ long-term foreign-currency issuer default rating on Rating Watch Negative. The agency said it reflects increased political partisanship that is hindering reaching a resolution to raise or…

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BofA analyst Justin Post notes that Microsoft (MSFT) announced that ChatGPT will be enabled with a Bing plugin that will be available to Plus subscribers right away and come to free users “soon.” While stating that Bing integration in ChatGPT “may close Google’s data advantage,” the firm argues that Google’s “three pillars are still upright” as… Read more

AMD announced the AMD Radeon RX 7600 graphics card, optimized to provide next-generation, high-performance 1080p gaming, streaming and content creation with stunning visual fidelity. The AMD Radeon RX 7600 graphics card is built on the groundbreaking AMD RDNA 3 architecture, featuring redesigned compute units with unified raytracing and… Read more

As of 12:05pm today 

McCarthy says he doesn’t believe that there will be a default

House Speaker Kevin McCarthy was asked if Republicans should take the blame if the US defaults on its debts due to no deal being made. He said, “First of all, I don’t think there will be a default.”

On who deserves blame, McCarthy said that should not land with the…

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