Tag: Business
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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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RBI proposes guidelines for banks to manage AI risks
MUMBAI, June 24 : India’s central bank has proposed rules requiring banks to strengthen oversight of risks tied to AI and machine-learning models, mandating board-approved policies, stronger controls and model inventories. The Reserve Bank of India said banks must put in place a board-approved risk management
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OpenAI unveils first chip as part of Broadcom deal in effort to ‘build the full stack’
Eight months after announcing a custom chip deal, OpenAI and Broadcom are revealing their first joint project: Jalapeño.
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The global chip rout, Cerebras earnings, the PGA Tour’s next chapter and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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Take-Two prices ‘Grand Theft Auto VI’ at $79.99, sticks to November 19 launch
June 24 : Take-Two Interactive Software on Wednesday priced “Grand Theft Auto VI” at $79.99 and stuck to its previously announced November 19 release date, bringing the industry’s most anticipated title closer to launch after multiple delays.The price makes “GTA VI” one of the most expensive base versions of
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