Nvidia’s total revenue rose 265% from a year ago, based on strong sales for AI chips for servers.
Category: Technology
India IT ministry fears losing out to China, Vietnam in smartphone exports race
Reuters was first to report using confidential government documents that India fears losing out to China and Vietnam as it seeks to become a major smartphone export hub and wants to “act fast” to lure global companies with lower tariffs which it considers amongst the highest in the world. Smartphone manufacturing is a key plank...
Elon Musk says first Neuralink patient can control a computer mouse through thinking
A patient implanted with Neuralink’s brain technology can now control a computer mouse just by thinking, the company’s founder Elon Musk said.
Nvidia faces stiff test on Wall Street this week after ‘parabolic’ stock rally
Even if Nvidia shows incredible growth, it could still come up short of elevated expectations given the stock’s fivefold increase since the end of 2022.
Adobe launches AI assistant that can search and summarize PDFs
Adobe launched an artificial intelligence assistant that can produce summaries of and answer questions about PDF documents.
India’s Zee Entertainment pops 10% on report that $10 billion merger with Sony is being revived
Sony first proposed to combine its India entertainment business with Zee in December 2021. Those negotiations collapsed after more than two years.
Alibaba bets on overseas e-commerce unit amid sluggish growth in China
One bright spot in Alibaba’s quarterly earnings was its international e-commerce arm which posted revenue of 28.5 billion Chinese yuan, up 44% from a year ago.
Singapore’s AI ambitions get a boost with $740 million investment plan
Singapore will invest more than 1 billion Singapore dollars (about $743 million) over the next five years for AI, said Finance Minister Lawrence Wong on Friday.
Nintendo shares fall nearly 6% after report that the Switch 2 will be delayed until 2025
Nintendo shares fell nearly 6% after a report said the launch of the Switch 2, the next version of its flagship gaming console, would be delayed until 2025.
Xpeng plans to hire 4,000 people, invest in AI as CEO warns intense EV rivalry may end in ‘bloodbath’
Xpeng plans to hire 4,000 new people and invest 3.5 billion Chinese yuan ($486.2 million) in artificial intelligence technology, according to the company’s CEO.