President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
Chipmakers focused on artificial intelligence are in a race to get their hardware out the door, a theme that's on full display this week at a major industry event in Southern California.
Wave is showcasing a motherboard sitting inside a glass case, but one key component is missing: a processor. The chip itself will be ready "very soon," Lee Flanagin, Wave's senior vice president and chief business officer, told CNBC.
Graphcore, a European AI start-up, similarly has space on the floor but doesn't have a chip to show. In fact, the company is even without a board at the conference. Graphcore said in July that its chips would become available to early customers before the end of the year, but the timing has since slipped to "the start of 2018."
A well-funded start-up called Cerebras is among other industry newbies with representatives floating around the sold-out NIPS conference.
There's an expected gold rush coming to AI as engineers demand more advanced processors to handle a flurry of new and sophisticated workloads — like learning to recognize people in video feeds or translating speech into different languages — while also saving power.
Many researchers rely on graphics cards from the likes of Nvidia to implement a popular type of AI called deep learning, but new AI chip companies are luring venture capital investments with the promise of serving the next generation of computing.
Start-ups are facing stiff competition. Google has come up with chips that can work in place of Nvidia's graphics cards for deep learning. Those chips aren't yet available for rent on Google's cloud. Google is expected to talk about the performance of its chips later this week.
And there's Intel, which has a big booth near the entrance to the NIPS exhibition hall. Intel recently announced plans to make discrete graphics cards and paid over $400 million to acquire AI chip start-up Nervana.
In October, Intel said it would ship its first Nervana products before the end of 2017. On Tuesday, at Intel's NIPS party, the rapper Flo Rida performed — and the company used the occasion to show off its first processor, a spokesperson told CNBC in an email. The chip is now available, and Intel is working with a set of close partners on it, the spokesperson said.
Intel CEO Brian Krzanich said on the company's most recent earnings call that investors will start to see Nervana chips reflected in the company's financials "towards the back end probably of 2018."
Intel rival AMD was nowhere to be seen on the NIPS exhibition floor.