Individual investors are savoring their win over hedge-fund investors of GameStop, AMC Entertainment, BlackBerry and other companies perceived to be failing. As stocks go through the roof, individual investors gather on Reddit, Discord, Facebook and Twitter to encourage each other and brag, while investors lose the money they bet on short-selling stocks of troubled companies. Treasury Secretary Janet Yellen and her economic team are monitoring the situation. The SEC revealed it was “evaluating the extreme price volatility of certain stocks’ trading prices over the past several days” and would “review actions taken by regulated entities that may disadvantage investors or otherwise unduly inhibit their ability to trade certain securities.” Continue reading Government Monitoring Trade Activity of AMC and GameStop

Microsoft will begin providing customers of its Azure cloud platform with chips made by U.K. startup Graphcore, with the goal of speeding up the computations for artificial intelligence projects. Graphcore, founded in Bristol in 2016, has attracted several hundred million dollars in investment and the attention of many AI researchers. Microsoft invested in Graphcore last December, with the hope of making its cloud services more compelling. Graphcore’s chips have not previously been available publicly. Continue reading Microsoft Pairs Azure Cloud Platform, Graphcore AI Chips

Google is now offering Preemptible Virtual Machines (or VMs), a new class of computing resources that can be rented for a steep discount and shut down at any time. The only caveat is that customers must be willing to yield the computing resource on short notice. The solution is ideal for universities and companies that can’t or don’t want to buy their own expensive supercomputers. By offering this service, Google is entering an area dominated, up until now at least, by Amazon Web Services’ short-term use program, Spot Instances. Continue reading Google Enters Budding On-Demand Supercomputing Business