Tag: Business
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Trading Day: Tech jitters smother inflation relief
ORLANDO, Florida, June 24 : U.S. bond yields tumbled on Wednesday as oil’s slide to a four-month low eased inflation fears, although the relief wasn’t felt as much in equity markets and persistent worries over tech valuations pushed the S&P 500 and Nasdaq lower.In my column today, I look at why the dollar’s s
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Qualcomm says Microsoft, Meta will use its new AI chips
June 24 : Qualcomm said on Wednesday that Microsoft and Meta Platforms will use its new AI chips and that it will make custom chips for two other unnamed “hyperscalers.”The San Diego-based company, which is the industry leader in smartphone chips, held an investor presentation to showcase its move into suppl
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Scientists seek clues to longevity from three Brazilian sisters over 100
RIO DE JANEIRO, June 24 : What is the secret to a long life? Three Brazilian sisters with a combined age of 316, who were named by Guinness this month as the oldest living trio of siblings in the world, may help researchers find out. The DNA Longevo Project, a study led by scientist Mayana…
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Micron forecasts strong quarterly results on soaring memory chip demand
June 24 : Micron Technology forecast quarterly earnings above Wall Street estimates on Wednesday, signaling that heavy investments in AI-related infrastructure will drive strong demand for memory chips, sending its shares up more than 9 per cent in extended trading.The company expects fourth-quarter revenue o
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Anthropic says Alibaba illicitly extracted Claude AI model capabilities
June 24 : Anthropic accused Alibaba, the Chinese technology and e-commerce giant, of illicitly extracting its Claude AI model capabilities, calling it the largest known distillation attack on the company to date, according to a letter seen by Reuters.
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Micron stock jumps 16% as soaring prices from memory crunch lead to quadrupling of revenue
Micron’s quarterly earnings report follows a 700% surge in the memory maker’s stock price over the past year.
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US NTSB to investigate fatal Texas Tesla crash
June 24 : The National Transportation Safety Board said Wednesday it will investigate last week’s crash of a Tesla Model 3 that struck a home at high speed in Katy, Texas, fatally injuring a 76-year-old resident.The NTSB has investigated numerous Tesla crashes where its driver assistance systems were in use.
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Qualcomm announces AI data center CPU, signs Meta as first major customer
Qualcomm’s primary business has been smartphones, which accounted for two-thirds of the company’s product revenue in it’s most recent quarter.
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Tesla sued over fatal Texas crash linked to Autopilot
June 24 : Tesla has been sued by the family of a 76-year-old Texas grandmother killed last week when a driver using his Model 3’s automated driving assistance system crashed into her suburban Houston home, the family’s lawyers said.According to a complaint filed on Tuesday, Elon Musk’s electric vehicle maker
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Qualcomm bets on AI chips to break smartphone reliance, but faces crowded race
June 24 : Qualcomm is expected to use its investor day on Wednesday to lay out a push beyond its core smartphone business into the fast-growing, but highly competitive, market for AI data center chips.Analysts expect the San Diego-based company to name new customers for its AI chips as it tries to gain a foot
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