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Paramount CEO David Ellison and California AG Rob Bonta will discuss concessions Monday as California seeks structural remedies to clear the $110 billion Warner Bros. Discovery merger.
Taiwan prosecutors said on Monday they indicted nine people, including employees of Nvidia and Super Micro, accused of illegal export of artificial intelligence servers to China. Semiconductor powerhouse Taiwan is the world's largest producer of advanced chips used in AI applications. Prosecutors this year investigated the suspected illegal export of servers equipped with Nvidia chips subject to U.S. export controls.
Chinese smartphone maker Xiaomi on Monday unveiled a new version of its in-house Xring handset processor, betting that deeper control over key components will help strengthen its supply chain and reduce reliance on external chip suppliers. The introduction of Xring O3 comes a year after Xiaomi launched its first proprietary smartphone processor, the Xring O1, marking the latest step in the world's third-largest smartphone vendor's push to join rivals such as Apple, Samsung Electronics and Huawei in developing its own chips. TSMC will manufacture the new chip using its 3-nanometre production technology, two people familiar with the matter said.
Chinese smartphone maker Xiaomi on Monday unveiled a new version of its in-house Xring handset processor, betting that deeper control over key components will help strengthen its supply chain and reduce reliance on external chip suppliers. The introduction of Xring O3 comes a year after Xiaomi launched its first proprietary smartphone processor, the Xring O1, marking the latest step in the world's third-largest smartphone vendor's push to join rivals such as Apple, Samsung Electronics and Huawei in developing its own chips. TSMC will manufacture the new chip using its 3-nanometre production technology, two people familiar with the matter said.
By Andrew Silver SHANGHAI, Aug 24 (Reuters) - Weight-loss drugmakers, vying to tighten the belts of Chinese consumers, are promoting obesity awareness in metro stations, exercise studios and soccer
Stocks have priced in this week's Fed speech, but analysts are split on whether Bitcoin will react the same way.
Chinese technology stocks came under renewed pressure on Monday, reflecting supply concerns over the fundraising plans of Alibaba Group Holding Ltd. and Yangtze Memory Technologies Co.
Chinese technology stocks came under renewed pressure on Monday, reflecting supply concerns over the fundraising plans of Alibaba Group Holding Ltd. and Yangtze Memory Technologies Co.
Shell has drawn interest from potential bidders including ExxonMobil and LyondellBasell for its multibillion-dollar US chemicals assets, as the...
Nvidia reports earnings Wednesday with $92 billion in sales on the line, and Wall Street is split on whether the AI trade can hold.
Financial technology platform Intuit (NASDAQ:INTU) will be announcing earnings results this Tuesday after the bell. Here’s what investors should know.
U.S. Treasury Secretary Scott Bessent said in a post on X that ‘an economic D-Day’ was about to dawn on Iran on Monday, when Washington is expected to announce fresh sanctions against the Middle Eastern country.
Microsoft, Google and Oracle, which operate massive data centers powered by Nvidia chips, have also notified their customers of the forthcoming increases.
Nvidia is in talks to invest in Perplexity as part of an equity funding round that would value the AI startup at more than $30 billion, The Information reported on Sunday, citing people with knowledge of the discussion. The funding round would increase Perplexity's valuation by more than 50% from its previous financing a year ago, according to the report. Perplexity's annualized revenue has risen to more than $750 million from less than $250 million at the start of the year, the report said.
Liquid Death's Mike Cessario won't confirm an IPO timeline, even after hiring Goldman Sachs and a Pepsi-veteran CFO.
Elon Musk just reignited a fight with one of America’s biggest airlines and the timing is hard to ignore.
JPMorgan adjusted its Walmart stock price target after the retailers quarterly update.
This AI lab just hired the person who built Google’s most guarded hardware program. That is not a coincidence.
Members of the United Auto Workers voted down an offer from Deere to extend its contract with the union by two years, setting up what will likely be a contentious negotiation for a new contract next year. UAW President Shawn Fain derided the unprecedented offer, calling it an effort to avoid the regular collective bargaining process. Deere officials didn’t immediately respond to a request for comment about the vote results.
Hedge funds are ramping up bearish dollar bets as they await more details on Treasury Secretary Scott Bessent’s new fiscal plan to address the highest borrowing costs in years.
Hong Kong-listed shares of Alibaba are set to open 8% lower on Monday after the Chinese e-commerce and cloud computing giant launched a $10.2 billion share placement to fund AI development. Alibaba said on Monday said it has priced its HK$80 billion ($10.21 billion) share placement at HK$112.70 apiece, in an offering aimed at funding artificial intelligence-related development.
The Chinese company has been spending heavily on the technology as it jostles with rivals for dominance in the rapidly growing AI sector.
Sept. 3 in Austin is the easy part. What Tesla is missing is harder to fix.
Chip makers are fighting to assure investors that the artificial-intelligence boom is racing forward. Wall Street might not believe it until Nvidia’s Jensen Huang says so. When Huang steps up to the mic for his company’s earnings call Wednesday, he will have the world’s attention.
By Wayne Cole SYDNEY, Aug 24 (Reuters) - Share markets were flat in Asia on Monday and oil prices eased as investors awaited details of threatened U.S. sanctions on Iran due later in the session,
Nvidia Corp.'s biggest customers have been told that the prices of servers containing its artificial intelligence chips are going up more than 15% in many cases with memory chip costs soaring. Bloomberg's Anthony Stephens breaks down what we know so far.
Shares of Samsung Electronics fell more than 5% in early trade on Monday, after the South Korean chipmaker said last week its shareholder returns this year could reach up to 110 trillion won ($79.38 billion). The shares were down 5.2% by 0013 GMT, while peer chipmaker SK Hynix was up 2.4%. The benchmark KOSPI index fell 0.7%.
California Attorney General Rob Bonta also wants Paramount to commit to keeping its movie studio separate from Warner Bros.
The company is the first to charge for rides in its autonomous vehicle without a steering wheel, dashboard or pedals.
Analysts reveal what could happen to Nvidia shares next, and set expectations for the Q2 report.
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