Breaking News: Technology
This niche AI play is seeing business growth rates that are triple the pace of the data centers
As artificial intelligence fuels the boom in data center growth, investors are eyeing a new frontier: the companies keeping these digital powerhouses cool. nVent Electric , Vertiv and Modine Manufacturing have seen their stocks soar in 2024, buoyed by partnerships with tech giants investing billions in AI infrastructure. Despite the gains, Wall Street believes these […]
Read More
Cerebras IPO has ‘too much hair’ as AI chipmaker tries to sell Wall Street on Nvidia alternative
Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Collision conference in Toronto on June 20, 2024. Ramsey Cardy | Sportsfile | Collision | Getty Images AI chipmaker Cerebras is trying to be the first major venture-backed tech company to go public in the U.S. since April and to capitalize on investors’ insatiable […]
Read More
Nvidia-backed CoreWeave gets $650 million credit line from top Wall Street banks
In this photo illustration, a Core Weave logo is displayed on a smartphone with stock market percentages on the background. Omar Marques | SOPA Images | Lightrocket | Getty Images CoreWeave, an Nvidia-backed artificial intelligence startup that rents out chips to other companies, announced Friday that it has a new $650 million credit line to […]
Read More
Tesla shares drop 5.5% in premarket after Cybercab robotaxi reveal fails to impress
Tesla unveils its “Cybercab” on October 10, 2024 in Burbank, California. Shares of electric vehicle maker Tesla sank after the company’s long-awaited robotaxi event — where CEO Elon Musk unveiled the firm’s Cybercab self-driving concept car — failed to impress investors. Tesla stock was down 5.5% as of 4:55 a.m. ET in premarket trading on Friday. Musk […]
Read More
Salesforce’s UK chief urges government not to regulate all AI companies in the same way
Zahra Bahrololoumi, CEO of U.K. and Ireland at Salesforce, speaking during the company’s annual Dreamforce conference in San Francisco, California, on Sept. 17, 2024. David Paul Morris | Bloomberg | Getty Images LONDON — The UK chief executive of Salesforce wants the Labor government to regulate artificial intelligence — but says it’s important that policymakers […]
Read More
Elon Musk hypes $30,000 Tesla self-driving Cybercab and larger Robovan at robotaxi event
Tesla unveils its “Cybercab” on October 10, 2024 in Burbank, California. After a decade of unfulfilled promises about driverless vehicles, Tesla CEO Elon Musk hyped the company’s Cybercab concept on Thursday night, showing off a low, silver two-seater with no steering wheels or pedals. Rolling up to the stage in a Cybercab almost an hour […]
Read More
Microsoft will let people buy games through Xbox app on Android in November after Google antitrust ruling
Phil Spencer, CEO of Microsoft Gaming, speaks at the Gamescom conference in Cologne, Germany, on Aug. 23, 2023. Franziska Krug | German Select | Getty Images Microsoft will allow people to buy and play video games through its Xbox app for Android starting in November, the company said on Thursday. The move is an immediate […]
Read More
Grab CEO Anthony Tan gives his no. 1 piece of advice for aspiring entrepreneurs
Anthony Tan is the co-founder and CEO of Grab. Courtesy of From the outside, it looks like Anthony Tan’s got it all — the family, the wealthy upbringing and the success. Today, he is the head honcho of one of Southeast Asia’s biggest tech companies, Grab — but he’ll be the first to say that […]
Read More
How to play AI in a cheaper way without owning stocks like Nvidia, according to a fund manager
Buying shares of Nvidia or other semiconductor and Big Tech stocks is just one way to play the artificial intelligence theme. There’s a cheaper way to play it, Sean Peche of Ranmore Fund Management told CNBC Pro Talks last week. “Most investors over the last couple of years have thought that the only way to […]
Read More
AMD launches AI chip to rival Nvidia’s Blackwell
AMD launched a new artificial-intelligence chip on Thursday that is taking direct aim at Nvidia’s data center graphics processors, known as GPUs. The Instinct MI325X, as the chip is called, will start production before the end of 2024, AMD said Thursday during an event announcing the new product. If AMD’s AI chips are seen by […]
Read More