The US Securities and Exchange Commission (SEC) surprised skeptics this week by approving all eight pending spot Ether exchange-traded fund (ETF) applications on Thursday (May 23).
Elsewhere, lawmakers came together to pass the first piece of crypto legislation through the House of Representatives, moving it along for a Senate vote, and a probe into Waymo’s robotaxis uncovered additional incidents.
Stay informed on the latest developments in the tech world with the Investing News Network’s round-up.
The company’s net income climbed 19 percent quarter-on-quarter and 462 percent year-on-year to hit US$15.24 billion; its earnings per share rose 19 percent to US$6.12, marking a 461 percent year-on-year surge.
Following the announcement, NVIDIA shares initially rose to US$992.57 in after-hours trading before dipping to US$967.01. The rally continued into Thursday, and the company’s share price opened above the US$1,000 mark at US$1,020.50. NVIDIA closed the week at US$1,064.69.
The PCs are also equipped with small language models (SLMs) that are optimized to run efficiently on local hardware. The integration of SLMs and LLMs give them an edge over other devices that rely on cloud resources or are limited to local AI processing power. On-device features include a host of AI-powered creative systems: Recall, the system’s ability to remember and use past information for relevant actions or responses, and Copilot, Microsoft’s AI agent.
The investigation focuses on Waymo’s autonomous vehicle software’s ability to avoid collisions with stationary objects, as several of the additional nine incidents involve reports of Waymo robotaxis hitting gates, parked cars and utility poles. The agency will also look into how the software detects traffic safety control devices.
According to a letter from the NHTSA to Waymo, several of the additional incidents “involved collisions with clearly visible objects that a competent driver would be expected to avoid.” The company has until June 11 to respond to a series of questions posed by the agency and to provide video footage of all the incidents under investigation.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
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