Artificial intelligence
Here’s why surging oil prices may not derail the consumer trade
ETF Edge Here’s why surging oil prices may not derail the consumer trade Published Thu, Apr 30 20267:01 AM EDTUpdated 21 Min Ago Josh Romero@in/joshdromero/ Stephanie Landsman@stephlandsman WATCH LIVE Source
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NXP Semiconductors soars 26%, paces for its best day ever after earnings beat
A view shows a logo at NXP semiconductors computer chip fabrication plant in Nijmegen, Netherlands March 14, 2024. Piroschka Van De Wouw | Reuters NXP Semiconductors shares rose 26% Wednesday, on track for its best day ever since the company went public in 2010. The semiconductor manufacturer reported first-quarter earnings Tuesday that blew away Wall […]
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Major data center company pauses investment decisions in Middle East amid Iran war, CEO tells CNBC
A major data center company has paused investment in AI infrastructure projects and data centers in the Middle East amid the Iran war, its CEO has told CNBC. As oil prices have skyrocketed and supply chains have been heavily disrupted by conflict in the region, the future of huge digital infrastructure plans in the Middle […]
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Qualcomm jumps 12% on report it’s partnering with OpenAI on smartphone AI chip
Qualcomm is one of the biggest semiconductor companies making chipsets. Nurphoto | Nurphoto | Getty Images Qualcomm shares rose in premarket trading Monday following reports that it’s partnering with OpenAI to create smartphone processing chips to advance the AI firm’s hardware ambitions. The U.S. smartphone chipmaker is set to work alongside Taiwanese semiconductor firm MediaTek […]
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We tried out xAI’s Grok chatbot while driving a Tesla in NYC. Here’s what happened.
Tesla owner Mike Nelson has been using the AI chatbot Grok in his vehicle for several months now. He finds it is useful, nearly irresistible, and dangerous. Nelson, a lawyer with a background in auto insurance, showed CNBC how he uses Grok on a drive around the New York metro area. Nelson said that while […]
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How a new Amazon-backed Hollywood production startup deploys AI for speed and cost-cutting
At a time when Hollywood is torn between fear of artificial intelligence stealing jobs and the pressure to cut costs, a new kind of hybrid production studio is launching with the latest AI tools. Innovative Dreams is a new production services company, backed by Amazon Web Services and Luma, a generative AI startup, that combines […]
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AMD shares soar 12% on no company news. Here’s what has investors so excited
Intel’s latest earnings report showed big demand for central processing units, or CPUs, as companies rush to build out their artificial intelligence capabilities, sending its stock surging. The numbers led investors to scoop up shares of another major chipmaker: Advanced Micro Devices. AMD shares soared more than 12% on Friday as Wall Street analysts were […]
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Musk v. Altman heads to court next week. Here’s what’s at stake
A yearslong legal brawl between Elon Musk, the world’s richest man, and OpenAI CEO Sam Altman heads to court in Northern California on Monday in a dramatic showdown between two of the most high-profile names in the tech industry. In his $134 billion lawsuit, Musk claimed that OpenAI, Altman and the company’s president, Greg Brockman, […]
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Meta will adopt hundreds of thousands of AWS Graviton chips in latest AI infrastructure grab
Around 3.6 billion people use Meta’s applications every day, and the social networking company will be operating 32 data centers to handle the load with the completion of a new one in Oklahoma. But that’s not enough. Amazon’s cloud unit said Friday that Meta has agreed to use Amazon’s general-purpose Graviton chips in a deal […]
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AI data center backlash threatens Pennsylvania GOP incumbents in 2026 election
A data center owned by Amazon Web Services, front right, is under construction next to the Susquehanna nuclear power plant in Berwick, Pennsylvania, Jan. 14, 2025. Ted Shaffrey | AP The AI-driven data center boom in Pennsylvania — which includes a $20 billion investment from Amazon — is leading to political angst in districts in […]
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