Intel has invested more than $20 billion in the new factory, which will churn out its chips in the US for the first time in nearly a decade.
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OpenAI will put the chips to work in data centers that’ll power the staggering compute ChatGPT needs to remain everyone’s favorite therapist.
In a speech in Rhode Island, Jerome Powell reminded Wall Street and the world that The Fed remains in a “challenging situation.”
And yet, last week, Tesla scored a couple key brownie points from Wall Street analysts. So why the optimism?
Unfortunately for Intel, the deal does not provide a direct lifeline to its floundering chipmaking foundry business.
In a note last week, JPMorgan’s Andrew Tyler wrote that macro conditions could turn a widely-expected rate cut into a “sell the news” event.
Through August, Wall Street began rotating into small cap companies and sectors outside the bounds of the AI trade.
Nvidia reported zero Q2 sales of the H20 chip to China. It’s the latest sign of China’s decreasing dependence on the company.
In May, revenue at Nvidia’s automotive and robotics businesses, which are reported together, posted $567 million in sales.
Part of the investor pullback comes after an MIT report that checked in on the billions that companies have spent on generative AI.
The deal comes as the US government explores a deal to take as much as a 10% ownership stake in the Santa Clara, California, firm.
Seven months after DeepSeek’s debut, it appears the company needs some American rocket power to get its AI Sputnik off the ground.
Nvidia has announced a host of new models, libraries and infrastructure for robotics developers.
Some companies may be digging themselves into a hole that they’re not able to get out of.
It’s not just AMD. Investors have generally been hard to please for most chipmakers so far this earnings season.
AI is moving into jobs in food services and retail traditionally best left to humans. Can the imperfect tech give customers what they want?