Tesla CEO Elon Musk arrives for a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Check out the companies making headlines in midday trading. Tesla — The stock of Tesla, the leading electric vehicle company, rose 1.5% during …
Brad Gerstner, Altimeter Founder and CEO, speaks at the Delivering Alpha conference in NYC, Sept. 28, 2023. Adam Jeffery | CNBC Altimeter Capital Chair and CEO Brad Gerstner is extremely bullish on artificial intelligence (AI), stating that its power surpasses even that of the internet. “AI is poised to outpace the internet, mobile, and cloud …
Lisa Su, CEO of AMD. Scott Mlyn | CNBC Shares of AMD rose almost 5% Thursday, a day after Microsoft’s technology chief said the chipmaker is bolstering its position in artificial intelligence, where Nvidia dominates. So far this year, Nvidia shares have almost tripled while AMD is up about 60%. Since the launch in late …
Microsoft’s chief technology officer, Kevin Scott, revealed on Wednesday that the company is experiencing greater accessibility to Nvidia’s chips for artificial intelligence workloads compared to a few months ago. Speaking at Vox Media’s Code Conference, Scott explained that the market for Nvidia’s graphics processing units (GPUs) is starting to open up. The demand for these …
Kneron, a U.S.-based semiconductor startup, announced on Tuesday that it has secured fresh funding to accelerate the commercialization of its artificial intelligence (AI) chips. These chips are poised to rival Nvidia’s offerings in the market. The company successfully raised an additional $49 million in funding, bringing its total funding round to a substantial $97 million. …
Microsoft made several exciting announcements during its recent event in New York, including the unveiling of new Surface computers and the details on the release of Windows 11. The company introduced the Surface Laptop Studio 2 and the Surface Laptop Go 3, along with enterprise availability for Microsoft 365 Copilot, an AI tool for productivity …
Ali Ghodsi, co-founder and CEO of Databricks. Databricks While some high-valued tech startups are turning to the IPO market for funding, Databricks has chosen to stay private, at least for now, and has managed to secure more investment. Databricks, a data analytics software provider, announced on Thursday that it has raised over $500 million at …
Arm Holdings CEO Rene Haas rings the Nasdaq opening bell at the Nasdaq MarketSite on September 14, 2023 in New York City. Michael M. Santiago | Getty Images Arm, the chip design firm that supplies core technology to companies including Apple and Nvidia, priced its initial public offering at $51 a share. Arm’s fully diluted …
You can watch David Faber’s interview with Arm CEO Rene Haas and SoftBank CEO Masayoshi Son on CNBC Pro. In an interview with CNBC, Arm Holdings CEO Rene Haas stated that despite the geopolitical challenges in the past few years, Arm’s China subsidiary is performing well and has great potential in data center and automotive …
Arm CEO Rene Haas and executives cheer as Softbank’s Arm, a chip design firm, holds an initial public offering at the Nasdaq MarketSite in New York, Sept. 14, 2023. Brendan Mcdermid | Reuters Arm Holdings, the chip design company controlled by SoftBank, surged by approximately 25% on its first day of trading, following its initial …