Rivian (RIVN) stock soared on Friday, a day after the company’s Autonomy & AI day, where CEO RJ Scaringe agreed that an inflection point on self-driving was near. The company said software advancements from its new Autonomy platform and Large Driving Model (LDM), an autonomous model trained similarly to a large language model (LLM), will […]
(Bloomberg) — Intel Corp. (INTC) is in advanced talks to acquire artificial intelligence chip startup SambaNova Systems Inc. for about $1.6 billion including debt, according to people familiar with the matter. A deal for Palo Alto, California-based SambaNova (SANS.PVT) could come together as soon as next month, said the people, who asked not to be […]
(Bloomberg) — Broadcom Inc., a chip company vying with Nvidia Corp. for AI computing revenue, suffered a stock slide after its sales outlook for the red-hot market failed to meet investors’ lofty expectations. The shares fell about 5% after hours on Thursday, reversing earlier gains, following unsettling commentary from Chief Executive Officer Hock Tan on […]
Oracle might have an OpenAI problem. Oracle (ORCL) stock has tumbled nearly 40% from its September peak, erasing more than $360 billion from its market capitalization. Nearly $67 billion of that decline occurred on Thursday alone, as Oracle’s second quarter results failed to assuage a key concern for investors — that the company is too […]
SINGAPORE, Dec 11 (Reuters) – Cryptocurrencies tumbled on Thursday and bitcoin (BTC-USD) fell back below the $90,000 threshold in a renewed signal of market jitters as fresh concerns about artificial intelligence profits weighed on technology stocks. Risk sentiment turned sour after U.S. cloud firm Oracle’s profit and revenue outlook missed forecasts and executives flagged higher […]
Google just made a major move in the AI infrastructure arms race, elevating Amin Vahdat to chief technologist for AI infrastructure, a newly created position reporting directly to CEO Sundar Pichai, according to a memo first reported by Semafor and later confirmed by TechCrunch. It’s a signal of just how critical this work has become […]
Naveen Rao, the former head of AI at Databricks, has raised $475 million in seed capital at a $4.5 billion valuation for his new startup, Unconventional AI. The round was led by Andreessen Horowitz and Lightspeed Ventures, with participation from Lux Capital and DCVC. The funding is a first installment toward the goal of up […]
Oracle (ORCL) is set to report quarterly earnings after the bell on Wednesday. Wall Street is closely watching the cloud firm’s results for any signs of cracks in the AI bubble. The fast-growing AI player is expected to report earnings per share of $1.64 for its fiscal second quarter, according to consensus estimates of analysts […]
Nvidia (NASDAQ: NVDA) recently held its GTC conference in Washington, D.C., and CEO Jensen Huang made several big announcements. The chipmaker is seeing significant demand for its most advanced graphics processing units (GPUs), and it’s going to be working with the U.S. Department of Energy. Both announcements bode well for the future of Nvidia and […]
(Bloomberg) — President Donald Trump is weighing whether to allow Nvidia Corp. to sell advanced artificial intelligence chips to China and will be the one to make a final decision on the matter, US Commerce Secretary Howard Lutnick said. The president is hearing from “lots of different advisers” in deciding on the potential exports, Lutnick […]
For months, the Trump administration has been thundering about America’s artificial Intelligence (AI) revival. But now, the spotlight is swiveling to a new space – robotics. The shift did not come with fanfare, just a steady drumbeat of meetings between Commerce Secretary Howard Lutnick and the country’s biggest robotics founders. Those conversations, insiders say, are […]
US stock futures rose Monday morning as Wall Street heads into a pivotal week dominated by the Federal Reserve’s final policy meeting of 2025. Futures tied to the Dow Jones Industrial Average (YM=F) hovered above the flatline, while contracts tied to the S&P 500 (ES=F) inched up 0.2% and Nasdaq 100 futures (NQ=F) rose 0.3%. […]
