Wall Street climbs, lifted by Uber, Lyft and Nvidia
February 14, 2024 – 11:31 AM PST (Reuters) – Wall Street rose on Wednesday as ride-hailing platforms Lyft and Uber rallied, while Nvidia briefly displaced Alphabet as the U.S. stock market’s third most valuable company. Advertisement Nvidia (NVDA.O) overtook Alphabet’s (GOOGL.O) market capitalization ahead of the dominant AI chipmaker’s quarterly results next week. Nvidia’s shares were up 1.3% while the […]
AI frenzy puts Nvidia briefly ahead of Amazon in market value
February 12, 2024 – 7:17 AM PST A NVIDIA logo is shown at SIGGRAPH 2017 in Los Angeles, California, U.S. July 31, 2017. REUTERS/Mike Blake (Reuters) – Nvidia (NVDA.O) briefly surpassed Amazon.com Inc (AMZN.O) in market capitalization on Monday, as the euphoria around artificial intelligence catapulted the chipmaker to the fourth most valuable U.S. company. Advertisement At a record […]
Nvidia chases $30 billion custom chip market with new unit -sources
February 9, 2024 – 4:45 AM PST Nvidia’s Grace Hopper superchips are displayed at Gigabyte during COMPUTEX Taipei, one of the world’s largest computer and technology trade shows, in Taipei, Taiwan May 30, 2023. REUTERS/Ann Wang/File Photo SAN FRANCISCO (Reuters) – Nvidia (NVDA.O) is building a new business unit focused on designing bespoke chips for cloud computing […]
Google rebrands Bard chatbot as Gemini, rolls out paid subscription
February 8, 2024 – 6:46 AM PST SAN FRANCISCO (Reuters) – Google (GOOGL.O) on Thursday renamed its Bard chatbot after the new artificial intelligence that is powering it, called Gemini, and said consumers can pay for better reasoning capabilities as it vies with Microsoft (MSFT.O) to win subscriptions. Advertisement U.S. customers can subscribe for $19.99 a month to […]
Tesla asks which jobs are critical, stoking layoff fears – Bloomberg News
February 7, 2024 – 7:16 AM PST (Reuters) – Tesla (TSLA.O) managers have been asked whether each of their employees’ positions were critical, stoking layoff fears in the company, Bloomberg News reported on Wednesday. Advertisement Tesla sent out a single-line query for each job after canceling some employees’ biannual performance reviews, some of the people familiar with […]
Apple is developing foldable clamshell iPhones – The Information
February 7, 2024 – 6:12 AM PST (Reuters) – Apple (AAPL.O) is building prototypes of at least two iPhones that fold widthwise like a clamshell, The Information reported on Wednesday, citing a person with direct knowledge of the situation. Advertisement The foldable iPhones are in early development and are not on the company’s mass production plans for […]
Meta to start labeling AI-generated images from companies like OpenAI, Google
February 6, 2024 – 5:13 AM PST People walk behind a logo of Meta Platforms company, during a conference in Mumbai, India, September 20, 2023. REUTERS/Francis Mascarenhas/File Photo NEW YORK (Reuters) – Meta Platforms (META.O) will begin detecting and labeling images generated by other companies’ artificial intelligence services in the coming months, using a set of invisible […]
When Amazon’s new AI tool answers shoppers’ queries, who benefits?
February 5, 2024 – 8:06 AM PST (Reuters) – Amazon.com (AMZN.O) has begun rolling out a new artificial intelligence assistant that is meant to address shoppers’ product questions, but the feature raises as many questions as it answers. Advertisement Rufus, as the software is known, will help users, according to Amazon, by guiding them to the toaster […]
Tesla falls after report of SAP snub, Piper Sandler price target cut
February 5, 2024 – 9:19 AM PST (Reuters) – Shares of Tesla fell nearly 6% on Monday after a report said German software firm SAP (SAPG.DE) will no longer procure electric cars from the U.S. automaker, and Piper Sandler cut its stock price target on lower delivery expectations this year. Advertisement Shares of the Elon Musk-led company […]
US auto safety agency upgrades probe into Tesla power steering loss
February 2, 2024 – 7:44 AM PST WASHINGTON, Feb 2 (Reuters) – U.S. safety regulators have upgraded their probe into Tesla (TSLA.O) vehicles over power steering loss to an engineering analysis – a required step before the agency could demand a potential recall. Advertisement The National Highway Traffic Safety Administration (NHTSA) on Friday said the investigation covers […]