It appears that Intel's stock surge saw a more personal reaction than usual on Wall Street after the company made its earnings forecast. The occasion had special significance for someone who has followed the world's largest semiconductor company through some of its most tumultuous years. The company's optimism, largely fueled by winning support from AI …
Meta is making a major step toward a new paradigm for consumer AI with a significant update to its AI assistant, Meta AI, that empowers the chatbot to handle things more autonomously. This is a major milestone in the company's AI strategy, transforming its Q&A service into a more intelligent and proactive virtual assistant that …
As the AI industry hits a fork in the road, some of the world's most powerful tech giants have united to push for open-source AI models. Last week, Nvidia, Microsoft, and more than two dozen other Big Tech companies told lawmakers that the future of artificial intelligence should be open and free, not closed and …
A project that Jeff Bezos personally leads is likely to be noticed by the industry. The founder and executive chairman of Amazon is said to be focusing on the streaming service Prime Video, and looking to redesign it completely to include artificial intelligence at its core. This will not just be a cosmetic update—the fact …
Now, it was confirmed that the cryptocurrency trading platform BitMEX is to be closed down permanently, and the termination will be effective from September 23. Founded in 2014, the exchange has played an important role in the digital asset derivatives market, and the announcement was made in a post on X by its owner and …
Amazon has implemented a new round of job cuts within its artificial general intelligence division, marking the latest in a series of strategic workforce adjustments as the technology giant refines its approach to next-generation AI development. The reductions, confirmed on Wednesday, affect employees across multiple teams within the AGI organization, though the company has not …
President Donald Trump is poised to announce an expansion of his administration's Ratepayer Protection Pledge this Thursday, a move designed to shield American households from the escalating electricity costs driven by the artificial intelligence boom. The White House event will feature Energy Secretary Chris Wright, Environmental Protection Agency Administrator Lee Zeldin, and several state governors …
In a move that could have major repercussions in the world of technology, Chinese officials are actively exploring the possibility of stricter exports of AI systems and semiconductor technology. The Financial Times on Tuesday reported that this was an indication of Beijing's increasing resolve to use advanced artificial intelligence tools as a national resource—like the …
One number will be a key focus as Wall Street awaits Tesla's earnings Wednesday, and it is free cash flow. The electric vehicle leader is now in negative free cash flow for the first time in more than two years, and the timing is critical that it is now, given what has transpired over the …
Google is working on a new chip for serving its AI models that are optimized to deliver high performance on Google's Gemini AI models, which could change the economics of AI deployments. The custom silicon, known as "Frozen v2," marks a shift from traditional silicon-based hardware approaches to AI, by integrating the underlying architecture of …
PayPal is one of the most revolutionary companies in the digital payment space ever, but it now finds itself in an unfortunate situation, as the company is being taken over by the bid it did not want. Five years ago, the company was a Wall Street darling and the stock had been rising rapidly, while …
Samsung Electronics has announced a major restructuring of its American consumer electronics business, which will include hundreds of job cuts, mostly in New Jersey and Texas, as the company moves its headquarters from the East Coast to the Lone Star State. The South Korean tech firm said it had lost 739 jobs in Englewood Cliffs, …
Apple has now started preliminary talks with the U.S. Department of Justice on a potential settlement in the antitrust lawsuit it is facing in 2024 against tech giant Apple, Bloomberg News reports. The talks, which are still in their infancy, are a major step in the continuing court case between the iPhone maker and federal …
With the world's greatest leader on social media, timing is everything. The window of opportunity for Wall Street to watch the financial markets can be in the blink of an eye – just milliseconds. This is not lost on Trump Media & Technology Group, as it is reported to be making financial institution contact in …
