Tag: Business
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Google required to open up to AI, search engine rivals under EU-mandated changes
BRUSSELS, July 16 : Alphabet’s Google will have to help OpenAI and other AI rivals as well as online search engine competitors access its services to comply with EU rules curbing the power of Big Tech, EU regulators said as they set out the details of the requirements.The move by the European Commission, whic
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Micron signs deals with Qualcomm, others for AI-powered automobile chip components
July 16 : Micron Technology on Thursday signed long-term agreements with automotive suppliers, including chip designer Qualcomm and audio products maker Harman, to secure memory and storage components that powers AI-enabled vehicles.The agreements come as the industry races to expand manufacturing capacity to
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Nvidia-backed Fireworks hits $17.5 billion valuation as companies pursue cheaper AI models
Fireworks once relied heavily on revenue from coding startup Cursor, but has diversified in the past year as more companies reach for lower-cost AI models.
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Grocery sales, United earnings, Anthropic’s IPO prep and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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India’s Tech Mahindra tops quarterly revenue views on manufacturing segment growth
BENGALURU, July 16 : Indian software services provider Tech Mahindra’s first-quarter revenue beat expectations on Thursday, with growth in the firm’s manufacturing segment and a weak rupee helping the topline.Revenue at India’s fifth-largest IT firm rose 17.7 per cent year-on-year to 157.12 billion rupees ($1
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US probes Samsung for alleged infringement of Netlist’s memory-chip patents
July 16 : U.S. trade regulators have launched a probe into Samsung Electronics’ memory chips and products sold by Google, Nvidia, Broadcom and Super Micro Computer that use them following a complaint by Netlist alleging infringement of its patents.California-based Netlist has accused Samsung and its U.S. unit
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CXMT’S Shanghai IPO more than 200 times oversubscribed by retail investors
BEIJING, July 16 : Chinese chipmaker CXMT’s Shanghai STAR Market IPO was more than 200 times oversubscribed by retail investors, according to an exchange filing on the share offering.The final lot-winning rate in the so-called “online tranche” of the offering – mainly for retail investors – was 0.47141739 per
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Snowflake unveils $448 million pay plan for CEO tied to ambitious stock targets
July 16 : Snowflake on Thursday unveiled a compensation package worth up to roughly $448 million for CEO Sridhar Ramaswamy, hinging on the cloud-based data analytics platform’s market value almost doubling to $184 billion in seven years.Ramaswamy’s award, totaling 1 million shares, is structured into five tra
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Stocks making the biggest moves premarket: UnitedHealth, TSMC, GE Aerospace, J.B. Hunt & more
These are the stocks posting the largest moves in the premarket.
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Nvidia unveils new AI model and expands Japan’s physical AI ecosystem
Nvidia announces new AI model, Cosmos 3 Edge, and expansion of its physical AI ecosystems in Japan.
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