Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
Companies can use AI to build recommendation systems, help diagnose diseases and add self-driving capability to cars, according to Petuum co-founder, CEO and chief scientist Eric Xing, a computer science professor now on sabbatical from Carnegie Mellon University.
Now the start-up has raised $93 million in a new round of venture funding from SoftBank to develop and popularize this technology, Xing told CNBC.
Most organizations that want to use AI don't have access to a deep bench of technical talent. Nor do they have the computing infrastructure to run AI workloads at scale. AI involves training systems on massive amounts of data, which can stress general-purpose computers.
Petuum has created an operating system and software that make it easy to train and deploy artificial neural networks on the servers or other types of computers that they already use.
The software lets users choose from a variety of neural network architectures and then monitor the utilization of available computing resources. But the PetuumOS operating system and Poseidon AI framework are still in beta testing.
Many venture-backed AI software companies are developing systems that serve one niche, like computer vision for self-driving cars, or ad-buying algorithms for agencies and brands.
Petuum is taking a "horizontal" approach, Xing said. Its technologies are meant to be applied to any industry. Google and Microsoft also offer cloud services that can be used for a wide variety of AI applications.
Petuum sometimes serves as a consultancy that develops and maintains new AI and machine learning solutions for other businesses. But it also plans to sell or license software that can be used on a "self-serve" basis.