Intel Faces Its Worst Year Amid AI Boom, While Broadcom Reaches Record Heights
Prime Highlights: In 2024, Intel registered the highest loss in its market in the past 53 years ago as it lost 61% of its value simply because it had refused…
Apple Launches Holiday Discounts in China Amid Growing Competition from Huawei
Prime Highlights: Apple will offer a discount on the iPhone series in China before Chinese New Year. The company will provide discount on iPhone 16 Pro series up to 500…
Microsoft-Backed Startup d-Matrix Launches Innovative AI Processor to Revolutionize Inference Without GPUs
A Santa Clara-based startup announces a new Corsair processor, which it says will revolutionize AI inference, not requiring traditional GPUs or pricey high-bandwidth memory. Microsoft supports this startup, providing the…
Microsoft Works to Diversify AI Models in 365 Copilot to Cut Costs and Enhance Efficiency
Microsoft will reduce its dependence on OpenAI as it adds its internal AI models, besides those developed by third parties, into its product, Microsoft 365 Copilot. This is an attempt…
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Alphabet Shares Rise 6% After Google Unveils Breakthrough Quantum Chip Willow
Alphabet's shares rose by 6% on Tuesday following Google's major breakthrough announcement on quantum computing. Alphabet shared its latest quantum computing chip, "Willow," with the world, which, it claims, dramatically…
Amazon Launches Buy with AWS Button to Simplify Cloud Software Purchases
This will also feature a new product known as Buy with AWS, designed to facilitate streamlined purchase from customers for the cloud software vendors making use of the AWS infrastructure.…
Salesforce Shares Surged 9% After the Company Exceeded Forecasts and Raised its Revenue Guidance
Salesforce shares surged 9% after the fiscal third-quarter earnings report of the company was way better than Wall Street's expectations, as both revenue and guidance for the next quarter. The…
OpenAI Secures $1.5 Billion Investment from SoftBank, Enables Employee Share Sales
OpenAI has bagged a $1.5 billion investment from SoftBank, a tender offer that will let the company's employees sell shares. The new funding is part of a larger effort to…
Reddit Expands Focus on International Markets for Ad Growth and Enhances Search Features
Reddit is doubling down on efforts to bring users outside the United States, particularly in rapidly growing markets such as India and Brazil, according to Jen Wong, the company's Chief…
Nvidia Increases Blackwell Chip Sales Forecast on Strong Demand, Production Ramp-up
Nvidia provided guidance on Wednesday that its next-generation Blackwell AI chip rollout is on track and it is ramping production faster than anticipated. In a conference call with analysts, CEO…
