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 […]
For Cameron Pappas, owner of Norton’s Florist in Birmingham, Alabama, the booming world of artificial intelligence feels far removed from his daily challenges. While tech giants like Nvidia, Alphabet, and Broadcom continue to drive Wall Street to record highs and lift the nation’s GDP, many small and midsize businesses are fighting just to stay afloat. […]
Xiaomi shares fell more than 5% on Monday, their steepest decline since April, after reports emerged of a fatal crash involving the company’s SU7 electric vehicle in Chengdu, China. The incident, which killed a 31-year-old male driver suspected of drunk driving, sparked a wave of safety concerns after video footage showed bystanders unsuccessfully trying to […]
Google will pour $15 billion into developing a massive artificial intelligence and data center hub in southern India, marking the company’s largest such investment outside the United States, according to Google Cloud CEO Thomas Kurian. The mega-project, set to unfold over the next five years, underscores India’s growing importance in the global cloud and AI […]
In a rare and extraordinary move, the Dutch government has taken control of Nexperia, a Netherlands-based semiconductor company owned by China’s Wingtech Technology, to safeguard Europe’s access to critical chip supplies amid escalating global trade tensions. Nexperia is a key producer of high-volume semiconductors used across the automotive, consumer electronics, and industrial sectors, making it […]
Campus, the fast-growing college startup backed by Sam Altman and NBA legend Shaquille O’Neal, has appointed Jerome Pesenti, Meta’s former Vice President of Artificial Intelligence, as its new Chief Technology Officer. As part of the deal, Campus will acquire Sizzle AI, Pesenti’s personalized learning platform, for an undisclosed amount. Sizzle AI already serves more than […]
Govini, a defense technology software startup competing with Palantir, has surpassed $100 million in annual recurring revenue (ARR), marking a major milestone in its rapid growth. “We’ve been scaling at a compound annual growth rate above 100% over the past three years, and we expect to continue on that trajectory,” said CEO Tara Murphy Dougherty. […]
Meta has announced new safety measures on Instagram that restrict what teenage users can view, aligning content guidelines with PG-13 movie standards. Under the updated rules, Instagram will limit exposure to accounts that share sexualized material or content related to drugs and alcohol. Posts containing explicit language will no longer appear in recommendations for teens, […]
Charlie Javice, the 33-year-old founder of fintech startup Frank, has been sentenced to just over seven years in federal prison after being convicted of defrauding JPMorgan Chase in its $175 million acquisition of her company. In March, a jury found Javice and her former chief growth officer, Olivier Amar, guilty on three counts of fraud […]
Electronic Arts (EA) announced Monday that it will be taken private in a massive $55 billion all-cash acquisition led by Saudi Arabia’s Public Investment Fund (PIF), Silver Lake, and Affinity Partners. Under the agreement, EA shareholders will receive $210 per share in cash, marking one of the largest leveraged buyouts in Wall Street history. The […]