Intel announced a 15% workforce reduction, around 17,500 jobs, and will suspend dividends starting Q4 to focus on manufacturing.It also projects Q3 revenue below estimates due…
Browsing: Technology
Disappointing Microsoft results wiped $340 billion in value from AI competitors, while Nvidia rallied after AMD’s results.Chipmaker gains and customer losses highlight an AI landscape divide;…
Meta Platforms will pay $1.4 billion to Texas, settling a lawsuit over unauthorized facial-recognition biometric data collection.Disclosed Tuesday, the settlement terms mark Texas’s largest accord ever,…
Video game voice actors and motion-capture performers have called for a walkout due to failed labor contract discussions. This latest Hollywood work stoppage centers around demands…
Nvidia is developing China-compatible AI chips adhering to U.S. export controls, according to three informed sources.The AI chip company introduced its “Blackwell” chip family in March,…
Nokia reported a 32% drop in Q2 operating profit due to sluggish 5G equipment demand, yet expects improvement later.Operating profit dropped to 423 million euros ($462.38…
Apple’s stock hit a record high as Morgan Stanley’s increased price target and “top pick” status highlighted AI’s potential sales impact.To compete with Google and OpenAI,…
Microsoft relinquished its board observer seat at OpenAI, citing improved governance and addressing regulatory scrutiny concerns.Apple will not join OpenAI’s board, despite expectations, after announcing ChatGPT…
Samsung Electronics estimated Friday a 15-fold rise in Q2 operating profit due to rebounding semiconductor prices from the AI boom.Samsung, the top memory chip, smartphone, and…
Brazil’s National Data Protection Authority (ANPD) immediately suspended Meta’s new privacy policy for using personal data to train AI systems.Published in Brazil’s official gazette, ANPD’s measure…