Nvidia shares fall and its Chinese rivals soar after Beijing urges AI companies to look elsewhere for chips
Nvidia’s share price has taken a knock, and its Chinese chipmaking rivals have soared, after Beijing reportedly discouraged Chinese AI…
Tesla factory boss defends knocking on workers’ doors when they’re off sick at home
A Tesla factory boss defended the decision to knock on workers’ doors when they’re out sick. André Thierig denied the…
Big US oil companies reveal massive payments to foreign governments
The three largest US energy exploration companies paid more than $42 billion to foreign governments last year, about eight times…
Boeing suppliers fear long-term jobs hit from strike
Boeing’s two-week-old strike has forced aerospace supplier Pathfinder Manufacturing to furlough 14 out of the company’s 54 employees, and CEO…
Intel motherboard partners begin to roll out Raptor Lake microcode updates to banish Vmin Shift Instabilities
Intel motherboard partners have started to roll out the first batch of microcode updates to address the issue known as…
Stocks Are In and Bonds Are Out: Top Trades for the Rest of the Year
US stocks will outperform the nation’s government and corporate bonds for the rest of this year as the Federal Reserve…
OpenAI sees $5 billion loss in 2024 and soaring sales as big ChatGPT fee hikes planned
Artificial intelligence startup OpenAI expects massive losses this year, but revenue over the next five years will continue to be…
Huawei guns for Nvidia market share in China — Ascend 910C GPU customer sampling begins
Huawei is sampling its latest GPU for AI to customers in China according to reporting by the South China Morning…
Boeing strike costs top $1.4 billion as pressure on company mounts
Two weeks after 33,000 Boeing machinists went on strike, the company is bracing for financial impact. The airplane maker has…
Sam Altman is setting himself up for a massive $10 billion payday as more OpenAI executives head for the exit
OpenAI is in the process of transitioning from a nonprofit business to a for-profit one—and Sam Altman, the company’s CEO…