Gina Raimondo, US Secretary of Commerce, Antony Blinken, U.S. Secretary of State, and Katherine Tai, US Trade Representative, engaged in a discussion during the US-EU Trade and Technology Council meeting in College Park, Maryland, on December 5, 2022. Ting Shen | Bloomberg | Getty Images Shares of Nvidia dipped by 3.7% and AMD fell by …
Boxes of General Mills Lucky Charms cereal are displayed on a shelf at a Safeway store April 18, 2022 in San Anselmo, California. Justin Sullivan | Getty Images Discover the latest premarket trading highlights. General Mills — Shares experienced a 3.9% decline in response to mixed fiscal fourth-quarter results. The owner of popular brands like …
Samsung, renowned for being the world’s largest producer of memory chips, has unveiled its ambitious plans to expand its chip manufacturing business. With a particular focus on cutting-edge semiconductors, Samsung aims to close the gap on industry leader TSMC. Though Samsung is widely recognized for its smartphones, it possesses a vast semiconductor business that serves …
China’s artificial intelligence stocks experienced a decline on Wednesday following the news report by the Wall Street Journal stating that the U.S. plans to impose restrictions on the export of AI chips to China. The Journal highlighted that prominent U.S. chip makers like Nvidia may be affected, and these restrictions could be implemented as early …
The adoption of artificial intelligence (AI) has experienced a massive surge following the viral success of the ChatGPT chatbot, which amazed both researchers and the general public with its ability to generate humanlike responses. According to Dan Ives from Wedbush Securities, this AI boom is not just hype, but rather the unfolding of the “fourth …
A shopper stands in front of a Tesla Motors showroom at a retail shopping mall in Hong Kong. Sebastian Ng | Sopa Images | Lightrocket | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, …
A Tesla Inc. store in Beijing, China, on Wednesday, May 31, 2023. Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. …
A robot showcasing its piano skills at the Apsara Conference, a prominent event focused on cloud computing and artificial intelligence in China, on October 19, 2021, indicates the growing momentum of AI development. While China is redefining its regulations for the tech industry, the European Union is also working on its own regulatory framework to …
Amazon’s cloud unit is dedicating $100 million to establish a center aimed at assisting companies in leveraging generative artificial intelligence (AI). This move comes following the success of OpenAI’s ChatGPT chatbot, which has gained significant traction in recent months. While the investment may seem modest for a company with $64 billion in cash and substantial …
Intel CEO Pat Gelsinger delivered a speech at the Nasdaq MarketSite in New York for the Mobileye Global Inc. initial public offering, which took place on October 26, 2022. Michael Nagle | Bloomberg | Getty Images Intel‘s stock experienced a 6% drop on Wednesday following the release of an update on the company’s turnaround plan. …