Companies are fighting for a piece of the AI chip market, which could reach $400 billion in annual revenue within five years.
Category: Technology
Nvidia announces new AI chips months after latest launch as market competition heats up
Nvidia CEO Jensen Huang announced the new AI chip architecture, dubbed “Rubin,” ahead of the COMPUTEX tech conference in Taipei.
Software stocks got pummeled this week after a cluster of troubling earnings reports
Weak guidance was a major theme in software company earnings reports this week, leading investors to rush for the exits.
Shares of Dell fall 18% as AI servers are sold at ‘near-zero margins’
Dell’s stock tumbled Friday, despite a beat on top and bottom lines on Thursday.
Warren Buffett is worried about potential for ‘huge losses’ in booming, but still tiny insurance market
Warren Buffett recently warned that cybersecurity insurance risks are getting overlooked as agents rush to sign up clients and ‘huge losses’ could be ahead.
Binance’s ex-CEO begins prison sentence in California
Binance’s billionaire founder Changpeng Zhao has reported to a low-security federal prison in Lompoc, California.
Dell shares fall despite growing AI server business
Dell reported first-quarter earnings on Thursday that beat analysts’ estimates for earnings and sales.
MongoDB shares sink 23% after management trims guidance
CEO Dev Ittycheria cited slower-than-expected cloud database consumption growth during the quarter, which led MongoDB to lower its fiscal 2025 guidance.
Amazon to expand drone delivery service after clearing FAA hurdle
The FAA has allowed Amazon to fly drones out of sight of a ground spotter, enabling it to fly farther distances.
Twitch terminates all members of its Safety Advisory Council
Twitch on Friday ended the contracts of its safety council members, which consulted on trust and safety issues related to children on Twitch, nudity and more.