costly

Liz Weston: Confusion over retirement fund minimum distributions can cause costly mistakes

Dear Liz: When my wife turned 59.5, we implemented required minimum distributions on all of her retirement funds. During the trial, the investment company representative explained that she was not required to take RMDs on these accounts as long as she was still working and making contributions to her 401(k) and 403(b) at work. With … [Read more…]

Azure Maia 100: Microsoft unveils its first custom AI chip optimized for generative AI as the company looks to reduce its costly reliance on Nvidia – Develop.com

Microsoft has developed its own custom AI chip that can train large language models and potentially avoid a costly dependency on Nvidia. Microsoft has also developed its own Arm-based processor for cloud workloads. The two custom-made silicon chips are intended to power Azure data centers and prepare the company and its enterprise customers for a … [Read more…]