During Microsoft’s Ignite Spotlight event in Seoul, South Korea, on November 15, 2022, Satya Nadella, the CEO of Microsoft Corp., highlighted the importance of graphics processing units (GPUs) for the company’s rapidly growing cloud business. In their annual report released recently, Microsoft acknowledged the significance of GPUs as a critical component, including them in the …
Intel reported stronger-than-expected results for the second quarter on Thursday evening, surpassing expectations both in terms of revenue and earnings. This positive outcome comes as a relief to analysts and investors who witnessed Intel’s struggles in the previous quarters, where inventory clearance and retooling for AI-focused, GPU-heavy corporate investments presented challenges. Following the announcement, Intel’s …
Apple CEO Tim Cook made a low-key entrance at the State Dinner in honor of India’s Prime Minister Narendra Modi, which is in stark contrast to the buzz surrounding artificial intelligence (AI) generated by other tech giants. Companies like Alphabet, Microsoft, and Meta are constantly talking about AI and its potential, mentioning the term “AI” …
TSMC, the leading producer of advanced processors used in Apple devices, is set to invest approximately $2.87 billion in a state-of-the-art chip packaging plant in Taiwan. This move comes as chipmakers worldwide aim to capitalize on the growing demand for artificial intelligence (AI) technology. In response to this demand, TSMC plans to expand its advanced …
Traders work on the floor of the New York Stock Exchange during afternoon trading on July 18, 2023 in New York City. Michael M. Santiago | Getty Images News | 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 …
Amazon delivery package seen in front of a door. Sopa Images | Lightrocket | Getty Images Discover the latest developments in the stock market during midday trading. Alphabet — The parent company of Google has gained 4.4% after introducing Bard AI, its advanced language model, which is now available in Brazil and the European Union. …
A man wearing a mask walks past a Nvidia logo in Taipei, Taiwan. Sopa Images | Lightrocket | Getty Images Chip manufacturer Nvidia is set to invest $50 million in Recursion Pharmaceuticals to accelerate the development of the biotech firm’s cutting-edge artificial intelligence models for drug discovery. The joint announcement by both companies on Wednesday …
Investors may benefit from sticking with current market trends. Experts in the field of Exchange-Traded Funds (ETFs), Todd Sohn and Dave Nadig from VettaFi, predict a prosperous second half for technology and artificial intelligence investments. Sohn, a strategist specializing in ETFs and technical analysis at Strategas, expresses enthusiasm for Roundhill Generative AI and Technology ETF …
The Carnival Radiance cruise ship at the Avalon, California, harbor on May 19, 2023. Aaronp/bauer-griffin | Gc Images | Getty Images The NASDAQ experienced some losses in late June, but it quickly rebounded and finished the month with a 30% increase for the year so far. However, the gains can be attributed to only a …
Amazon CEO Andy Jassy posits that Amazon is still very much in the artificial intelligence race, dispelling the notion that it has fallen behind Microsoft and Google, and comparing the current stage to the “hype cycle” before the “substance cycle.” “I think most people are focused on the applications, you know, things like ChatGPT brought …