Razorpay Launches Vulcan, India's First AI Payments Foundation Model, Fueled by NVIDIA and AWS - Re-architecting Payments for a $350 Bn E-Comm Future by 2030
Press Releases·- Razorpay has launched Vulcan, India's first transformer-based AI payments foundation model built with NVIDIA and AWS technology. - Trained on nearly 3 trillion data points across 4 billion payments, the model aims to enhance digital payment reliability, safety, and predictability as India's e-commerce market approaches a projected $350 billion by 2030. - Early implementations have already delivered an 8-10% improvement in payment success rates and significantly increased international card fraud detection.Fabrinet Shares Tumble As Nvidia Datacom Weakness Overshadows Telecom Strength
benzinga_article·- Fabrinet shares declined significantly following its fiscal fourth-quarter results despite reporting revenue of $1.32 billion and beating expectations by 4%. - Strong performance in Telecom, Auto, and Industrial segments was offset by sequential contractions in Datacom revenue due to lower sales to Nvidia. - Management issued strong revenue guidance of $1.4 billion for the first quarter of fiscal 2027, driven by broadening customer engagements and capacity expansion.Fabrinet, IQIYI, Hesai Group And Other Big Stocks Moving Lower In Tuesday’s Pre-Market Session
benzinga_article·- U.S. stock futures declined in Tuesday's pre-market session, with Nasdaq 100 futures falling around 1 %. - Fabrinet shares dropped 9.1 % to $544.06 after issuing a first-quarter GAAP EPS outlook of $3.39 to $3.54, which missed market estimates, despite beating fourth-quarter earnings and sales expectations. - Several other stocks, including IQIYI, Hesai Group, and AXT, also moved lower following recent financial results or previous session gains.AI market correction is coming, ECB blog predicts
MSN·- A European Central Bank blog post warns that a market correction to U.S. tech stock exuberance is likely due to investor bets on AI. - This correction could have far-reaching consequences because of limited fiscal and monetary policy buffers available to blunt the potential economic hit. - Investors have heavily piled into technology stocks driven by expectations that artificial intelligence will fundamentally alter the global economy.