Nvidia’s most cutting-edge AI chip developed for the Chinese market has encountered a sluggish start, with ample supply driving its pricing below that of a competing chip from Chinese tech giant Huawei, sources familiar with the situation revealed. This downward trend in prices highlights the hurdles facing Nvidia’s business in China amid U.S. sanctions on …
Lenovo Group (0992.HK) of China reported a 9% increase in fourth-quarter revenue to $13.8 billion on Thursday. As the leading global producer of personal computers (PCs), Lenovo emerged from a demand slump following the COVID-19 pandemic. The fourth-quarter revenue surpassed analysts’ estimates, marking a second consecutive quarter of growth after enduring five quarters of declines …
Lenovo, a Chinese tech company, Continues Revenue Growth Trend, Surpasses Expectations Read More »
ASML (ASML.AS) and Eindhoven University of Technology have announced an investment of 180 million euros ($195 million) to support semiconductor research over the next decade. ASML, a major supplier of equipment for manufacturing computer chips, is evaluating its expansion options and assessing whether the local workforce and infrastructure in the Eindhoven area of the Netherlands …
ASML and Eindhoven Tech University to Invest $195 Million in Collaboration Read More »
On Wednesday, the U.S. House of Representatives passed legislation designed to establish a new regulatory framework for digital currencies, despite warnings from the U.S. Securities and Exchange Commission (SEC) about potential financial risks. The Financial Innovation and Technology for the 21st Century Act, sponsored by Republicans, was approved with bipartisan support in a 279-136 vote. …
US House Approves Crypto Bill Despite SEC Warnings Read More »
OpenAI, led by Sam Altman, has signed an agreement to access content from major news publications owned by media conglomerate News Corp (NWSA.O), the companies announced on Wednesday. This deal follows a recent agreement by the Microsoft-backed (MSFT.O) AI giant to license content from the Financial Times for AI model development. Having access to extensive …
OpenAI, led by Sam Altman, Enters Content Agreement with News Corp Read More »
On Thursday, South Korea revealed a 26 trillion won ($19 billion) support package for its crucial semiconductor industry, according to the presidential office. President Yoon Suk Yeol announced that the government plans to provide approximately 17 trillion won in financial support through the state-run Korea Development Bank to facilitate large-scale investments by semiconductor companies. Additionally, …
South Korea Unveils $19 Billion Support Package for Chip Industry Read More »
Microsoft President Brad Smith disclosed in a Reuters interview that the company’s high-profile agreement with UAE-based AI firm G42 could lead to the transfer of advanced chips and technological tools. A senior Republican congressman has raised concerns that this could pose national security risks. Smith explained that the agreement, details of which are being reported …
On Wednesday, earnings from semiconductor leader Nvidia (NVDA.O) are poised to challenge the ongoing rally in the U.S. stock market, which has seen indices reach all-time highs this year. Nvidia’s stock has surged 90% this year, positioning it as the third largest U.S. company by market capitalization, behind only Microsoft (MSFT.O) and Apple (AAPL.O). Nvidia’s …
Nvidia’s AI-Driven Earnings Set to Challenge the Record Streak of US Stocks Read More »
Shares of Chinese electric vehicle producer Xpeng (9868.HK) climbed over 10% on Wednesday, propelled by increased revenue from research and development services to Volkswagen and positive statements regarding its self-driving technology prospects. After deepening its partnership with VW in April to collaborate on EV architecture, Xpeng reported that these R&D services largely accounted for its …
Xpeng Shares Soar Due to Tech Service Revenue and Positive Self-Driving Tech Outlook Read More »
Google announced it will begin testing search and shopping ads within its AI-generated answers in the U.S. The Alphabet-owned company revealed this on Tuesday, shortly after the widespread rollout of the AI Overviews feature at its annual I/O conference. According to a blog post from Google, ads will be displayed in a ‘sponsored’ section within …
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