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IBM beats fourth-quarter revenue estimates as AI clamor boosts software demandBusinesses have doubled down on upgrading their software suites to develop data-intensive artificial intelligence technology, helping sales...- Nvidia's strong forecast calms AI bubble jitters - for nowThe results calmed - at least temporarily - investor nerves frayed over concerns that an AI boom has outrun fundamentals. Global markets ha...
- Intel in talks to acquire AI chip startup SambaNova, Bloomberg News reportsIntel is reportedly in early talks to acquire AI chipmaker SambaNova, a move that could bolster its competitive stance against rivals like ...
- Nvidia will build AI supercomputers for US Energy Department, wants to get back into ChinaNvidia CEO Jensen Huang announced the company will build seven AI supercomputers for the U.S. Department of Energy, aiding nuclear arsenal ...
- Intel Earnings: Chipmaker to cut jobs as Q3 loss forecast deepensIntel plans to reduce its workforce to 75,000 by year-end, a significant decrease from 99,500 in 2024, causing shares to jump despite a pro...
- Nvidia earnings to reveal hit from US export curbs on ChinaNvidia investors await clarity on the financial impact of US chip export curbs to China as the company prepares to report earnings. The res...
- Trump administration to rescind and replace Biden-era global AI chip export curbsThe Trump administration plans to revise a Biden-era regulation on AI chip exports, deeming it overly complex and a hindrance to American i...
- Alphabet shares fall 9% as Apple looks to add AI search to Safari in potential blow for Google: ReportApple is exploring AI search options for Safari. This could challenge Google's search dominance. Google currently pays Apple billions to be...
- GameStop's crypto pivot boosts shares of one-time retail investor favoriteGameStop's update to its investment policy on Tuesday to add bitcoin as a treasury reserve asset mirrors the strategy of exchange operator ...
- AMD to cut 4% of global workforce as it focuses on AI chip developmentRevenue in AMD's data center segment, which houses its AI graphics processors, jumped more than two-fold in the September quarter. On the o...
- IBM releases new AI models for businesses as genAI competition heats up"Granite 3.0" models will be made open-source, similar to other versions in IBM's Granite family of AI models. This approach differs from r...
- OpenAI introduces new tools to fast-track building of AI voice assistantsOpenAI introduces new tools to streamline AI app development, including a real-time voice application tool and fine-tuning features for mod...
- NXP Semiconductors to invest more than $1 bln in India as it boosts R&D effortsNXP Semiconductors will invest over $1 billion in India to double its research and development efforts. The company, which has four semicon...
- Chip stocks tumble on fears of tighter China curbs, Trump's Taiwan commentsU.S. chip stocks fell more than 4% on Wednesday after Republican presidential nominee Donald Trump sounded lukewarm about defending Taiwan ...
- U.S. electric vehicle maker Fisker files for bankruptcyThe bankruptcy filing by U.S. electric vehicle maker Fisker comes after failed deal talks with a major automaker, resulting in the company ...
- Dell shares slump 18% as heavy AI investments expected to dent marginDell's stock is projected to lose over $21 billion in market value, despite having experienced a remarkable 80% surge earlier this year. Th...
- Workday shares sink over 13% as slower hiring hits payroll services demandWorkday shares dropped on Friday due to a lowered annual subscription revenue forecast amidst economic uncertainty and slower hiring impact...
- Disney, Fox, Warner Bros Discovery to create joint sports streaming platformThe CEOs have been discussing a collaboration for some time, according to two people with knowledge of the situation. The partners view thi...
- Amazon in talks to invest in Diamond Sports: ReportAmazon is in talks to invest in regional-sports programmer Diamond Sports, a move that would advance the e-commerce giant's push into sport...
- Hewlett Packard Enterprise beats quarterly profit estimates but forecast faltersHPE expects revenue in the first quarter of fiscal 2024 to be in the range of $6.90 billion to $7.30 billion, the mid point of which is bel...
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