Nvidia has invested more than $900 million to bring in Enfabrica CEO Rochan Sankar along with several key employees, while also securing a license for the startup’s cutting-edge technology. The deal, completed last week, combines cash and stock compensation, according to people familiar with the matter. This move mirrors similar AI talent acquisitions made recently […]
On June 12, 2025, Google Cloud experienced a significant global outage that disrupted over 70 services, including Gmail, Google Meet, Google Drive, and third-party platforms such as Spotify, OpenAI, and Shopify. The disruption began around 1:50 p.m. ET and was identified within 10 minutes by Google’s Site Reliability Engineering team. However, full recovery took several […]
Microsoft announced Wednesday that it will lay off around 9,000 employees, impacting fewer than 4% of its global workforce. The reductions will span across various teams, locations, and experience levels, according to a source familiar with the matter. The move aligns with the start of Microsoft’s 2026 fiscal year, a time when the tech giant […]
U.S. Commerce Secretary Howard Lutnick issued a stark warning on Thursday, stating that TikTok will be blocked in the United States unless its Chinese parent company, ByteDance, agrees to transfer control to American entities. “You can’t have something controlled by China living on 100 million American phones,” Lutnick said during an appearance on a financial […]
Coinbase CEO Brian Armstrong joined fellow crypto leaders on Capitol Hill this week in a heated policy battle with the banking industry — a fight that could impact trillions of dollars in deposits. Banking advocacy groups are lobbying lawmakers to ban crypto exchanges from offering stablecoin rewards, arguing that such perks mimic traditional bank interest […]
Citigroup is preparing to roll out its long-awaited crypto custody service by 2026, marking another step in Wall Street’s expanding embrace of digital assets. According to Biswarup Chatterjee, Citi’s global head of partnerships and innovation, the bank has been working on the custody solution for over two years and is now moving closer to market […]
Apple Inc. has officially begun shipping its first batch of American-made AI servers from a newly established facility in Houston, Texas, signaling a major step forward in its commitment to boost U.S.-based manufacturing and innovation. These advanced servers form a key part of Apple’s $600 billion investment initiative aimed at expanding local production, strengthening supplier […]
Beijing — China’s tech giant Baidu has achieved a major milestone in autonomous mobility, with its driverless car unit Apollo Go surpassing 250,000 fully autonomous rides per week as of October 31, a company spokesperson confirmed. This puts Baidu’s robotaxi operations on par with U.S. competitor Waymo, which reported similar weekly ride figures earlier this […]
Advanced Micro Devices (AMD) announced on Tuesday that it will soon restart shipments of its MI308 artificial intelligence chips to China, sending its stock up more than 6% following the announcement. The company stated that the U.S. Department of Commerce has begun reviewing license applications again, allowing AMD to move forward with exports once approval […]
Advanced Micro Devices (AMD) shares surged nearly 8% on Friday after reports revealed that IBM successfully used AMD’s chips to run a quantum computing error correction algorithm — a major step forward in the development of scalable quantum systems. IBM’s stock also jumped around 8%, marking its best single-day performance since January, as excitement around […]