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Europe expands AI computing network with €390 million order from France's BullThe European Union's supercomputing body EuroHPC selected Bull to build LUMI-AI, the sixth machine ordered under its AI Factories programme...
Meta’s Sandhya Devanathan to join OpenAI; IT stocks rallyMeta’s India and South East Asia head Sandhya Devanathan is departing after 10 years to join OpenAI. This and more in today’s ETtech Top 5.
Semiconductor GCCs set to add 10,000 jobs in IndiaAbout 80% of the expected headcount growth will come from existing GCCs and 20% from new centres, said Pareekh Jain, chief executive of EII...
Nvidia earnings: Chipmaker forecasts Q3 revenue at $108 billion, above analysts' estimates as Q2 profit, revenue double YoYNvidia earnings: Nvidia forecasts strong third quarter revenue, exceeding analyst expectations significantly. The company sees a trillion-d...
US stocks today: US stocks close higher on tech rebound as Nvidia earnings gain focusUS stocks closed higher as technology and semiconductor shares recovered ahead of Nvidia's earnings. Lower oil prices and Treasury yields o...
Hyderabad’s AI wealth is finding its way into luxury homesIn Hyderabad, the luxury real estate arena is seeing a surge as tech employees leverage their stock market gains to purchase elite homes, p...
Nvidia faces growth test as Rubin debut meets AI financing scrutinyThe chipmaker has been the biggest beneficiary of the race to build AI infrastructure. Recently, though, its stock has come under pressure ...
AMD looks to raise $4 billion to $5 billion in debt offering, source saysAdvanced Micro Devices is looking to raise between $4 billion and $5 billion in a debt offering, a source familiar with the matter said...
Intel raises $20 billion from upsized share saleOnce a dominant force in the global chip industry, Intel is investing heavily in new facilities and advanced packaging capabilities as it s...
Intel plans $15 billion share sale as turnaround rally lifts stockIntel is gearing up for a monumental fifteen billion dollar share sale aimed at boosting its chip manufacturing capabilities. This strategi...
Scientists use AI to create viruses that don’t exist in nature for the first timeScientists have designed and created new viruses using artificial intelligence. These AI-designed bacteriophages successfully replicated an...
AMD deepens AI inference bet with Taalas deal as chip race heats upToronto-based Taalas develops specialized silicon designed to reduce computing and memory bottlenecks in AI inference, the process of run...
Why US markets are up: S&P 500, Nasdaq edge higher as broad gains offset tech sell-off; Middle East peace hopes in focusUS stocks saw mixed trading as the S&P 500 and Nasdaq reversed early losses. Technology shares faced pressure after disappointing investor ...
Why AMD's solid quarterly earnings failed to impress investorsAMD beat earnings estimates and issued strong guidance, but its shares fell as investors sought bigger AI gains, higher margins and stronge...
AMD shares fall 6% as investors demand bigger AI payoffAdvanced Micro Devices shares declined significantly after its revenue forecast fell short. Investors sought clearer proof the company can ...
Anthropic to build in-house chip design team for Claude, hire engineersAnthropic is developing an internal team to design custom chips for its Claude AI models. This move addresses the current shortage of essen...
What lies ahead for AMD shares after its record-breaking earnings?AMD reported record quarterly revenue and earnings, driven by booming AI chip demand, but shares fell after results as lofty expectations t...
AMD forecasts strong revenue growth on AI chip demand, but investors seek bigger gainsAMD Earnings Report: AMD beat quarterly revenue and earnings estimates while forecasting stronger-than-expected Q3 sales, driven by AI chip...
AMD's AI-powered revenue forecast fails to wow investorsYet, its shares fell nearly 9% in extended trading, suggesting that investors were looking for an even stronger outlook after the stock mor...
Chip stock rout deepens: SOX in bear mode as Nvidia, Micron, SK Hynix lead lossesSemiconductor stocks have seen a significant market capitalization drop recently. Investors fear an artificial intelligence bubble and Chin...