Tag: Business
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Nvidia’s Huang calls black market data centers made of smuggled parts a ‘dead end’
Washington regulators and the Trump administration are increasingly wary of China getting ahold of advanced AI software and hardware.
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German authorities carry out raids over alleged Russian gas sabotage
An investigation is looking into the sale of Gazprom’s Berlin-based subsidiary Gazprom Germania, which took place around a month after Russia launched its full-scale invasion of Ukraine in February 2022. #EuropeNews
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Argentina to return two rare maned wolves to the wild
BUENOS AIRES, June 24 : Conservationists will return two maned wolves, rescued after the death of their mother, to the wild next month in Argentina, where the long-legged wild canine is endangered.The conservation nonprofit Temaiken Foundation said it received the male-female siblings named Sun and Moon in Se
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Qualcomm to buy startup Modular for $4 billion in AI software push
June 24 : Qualcomm said on Wednesday it would buy AI startup Modular in an all-stock deal valued at nearly $4 billion, gaining access to software that runs AI models across chips without having to write code for each processor. Buying Modular pits Qualcomm against CUDA, the software platform t
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Microsoft’s quantum computing technology called into question, again
SAN FRANCISCO, June 24 : A new critique in the scientific journal Nature is raising fresh questions about Microsoft’s claimed quantum computing breakthrough last year, which underpinned the company’s announcement this month that it will have a working quantum system by 2029.Quantum computers could solve scien
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Cerebras CEO says margin forecast was ‘misunderstood’ as stock plummets after earnings
AI chipmaker Cerebras has a staggered lock-up expiration that includes some shares becoming available for trading this week.
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Toyota is gaining on General Motors in U.S. sales, according to new forecast
Toyota has notably leaned into hybrid vehicles while GM and others bet on all-electric vehicles, which saw lower-than-expected adoption from consumers.
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US online spending hits $8.3 billion as Amazon Prime Day kicks off, Adobe says
June 24 : Online spending among shoppers on the first day of Amazon’s Prime Day rose 5.3 per cent from a year earlier to $8.3 billion across U.S. retailers, Adobe Analytics said on Wednesday. The four-day shopping event, which started on Tuesday and is being held earlier than usual this year, will be a litmus
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Analysis:Apple-Intel chip deal makes strategic sense but production is years away
June 24 : Apple turning to Intel for chips, as Washington announced last week, has the neat logic of necessity meeting ambition. But it is not that simple, as analysts say any advanced Intel chip will take two to three years to make and even longer to translate into gains due to the long and…
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Qualcomm to buy AI startup Modular for $4 billion in AI software push
June 24 : Qualcomm said on Wednesday it would buy AI startup Modular in an all-stock deal valued at nearly $4 billion, gaining access to software that runs AI models across chips without having to write code for each processor. Buying Modular pits Qualcomm against CUDA, the software platform t
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