Nvidia’s new China-focused AI chip set to be sold at similar price to Huawei product
January 31, 2024 – 11:57 PM PST REUTERS/Mike Blake BEIJING/SHANGHAI (Reuters) – Nvidia (NVDA.O) has started taking pre-orders for a new China-specific artificial intelligence (AI) chip from distributors who are pricing it on par with a rival product from Huawei, sources familiar with the matter said. Advertisement The graphics card, the H20, is the most powerful of […]
Qualcomm forecasts quarterly profit above estimates, shares rise
January 31, 2024 – 1:10 PM PST (Reuters) – Qualcomm (QCOM.O) on Wednesday forecast fiscal second-quarter profit slightly above Wall Street estimates and sales in line with market expectations, as a new line of AI-enabled chips helps power it out of last year’s smartphone slump. Advertisement Qualcomm predicted sales and adjusted profit with a midpoint of $9.30 […]
What happens to Musk’s Tesla pay after $56 billion package thrown out? It is complicated
January 31, 2024 – 1:04 PM PST (Reuters) – After a Delaware court threw out Elon Musk’s $56 billion pay package on Tuesday, the Tesla chief executive and a board seen as captive to him must find a way to negotiate a replacement contract. It will not be easy. Advertisement The ruling is spurring on […]
Investors punish Microsoft, Alphabet as AI returns fall short of lofty expectations
January 31, 2024 – 9:16 AM PST (Reuters) – Tech giants on Tuesday talked up how customers are lapping up their generative AI-powered products, but mounting costs of developing the cutting-edge features irked investors hoping for a big boost to sales from the new technology. Advertisement Shares of Alphabet (GOOGL.O) fell 6%, while those of Microsoft (MSFT.O) were down 1%, […]
Industry pain abounds as electric car demand hits slowdown
January 30, 2024 – 7:49 AM PST Visitors check a Tesla Model 3 car at a showroom of the U.S. electric vehicle (EV) maker in Beijing, China February 4, 2023. REUTERS/Florence Lo/File Photo (Reuters) – While automakers and suppliers are betting big on future demand for electric vehicles, a near-term global slowdown is causing pain, […]
Elon Musk’s Neuralink implants brain chip in first human
January 29, 2024 – 11:20 PM PST Neuralink logo and Elon Musk photo are seen in this illustration taken, December 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) – The first human patient has received an implant from brain-chip startup Neuralink on Sunday and is recovering well, the company’s billionaire founder Elon Musk said. Advertisement “Initial results […]
Microsoft set for AI-powered revenue surge as stock pulls ahead
January 29, 2024 – 6:18 AM PST (Reuters) – Microsoft (MSFT.O) is expected to report a 15.8% jump in quarterly revenue, its best growth in nearly two years, as rising adoption of its products infused with generative AI fuels demand for its cloud services. Advertisement Thanks to its early lead in artificial intelligence, Microsoft is likely to […]
Intel tumbles as chipmaker falls further behind in AI race
January 26, 2024 – 7:39 AM PST (Reuters) – Intel (INTC.O) slumped more than 12% on Friday following a bleak first-quarter revenue outlook, as the chipmaker plays catch-up in the AI race while also dealing with a weak PC market. Advertisement While AI is driving a boom in the chip sector, Intel seems to be an […]
Microsoft to lay off 1,900 Activision Blizzard, Xbox staff
January 25, 2024 – 11:13 AM PST (Reuters) – Microsoft (MSFT.O) will let go of 1,900 employees at Activision Blizzard and Xbox this week, it said on Thursday, the latest cuts in the technology sector that has extended massive layoffs over the past years into 2024. Advertisement The cuts represent about 8% of the overall Microsoft Gaming […]
Tesla set to erase $70 billion in valuation after Musk’s sales warning
January 25, 2024 – 9:14 AM PST A Tesla Model S car is seen in a showroom in Santa Monica, California, U.S., January 4, 2018. REUTERS/Lucy Nicholson/File Photo (Reuters) – Tesla (TSLA.O), tumbled nearly 11% on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts that have already hurt margins and […]