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AWS’ custom chip strategy is showing results, and cutting into Nvidia’s AI dominance
Amazon Web Services is set to announce an update to its Graviton4 chip that includes 600 gigabytes per second of network bandwidth, what the company calls the highest offering in the public cloud. Ali Saidi, a distinguished engineer at AWS, likened the speed to a machine reading 100 music CDs a second. Graviton4, a central […]
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Stocks making the biggest moves premarket: Sunrun, Verve Therapeutics, T-Mobile and more
Check out the companies making headlines before the bell. Solar stocks — Companies in the space got battered as the Senate’s version of President Trump’s tax bill would phase out renewable energy incentives . Shares of Enphase Energy dropped 20%, while First Solar and Sunrun slid 16% and 36%, respectively. SolarEdge Technologies pulled back 30%. […]
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Tencent bets its China WeChat and gaming expertise will help it win cloud business in Europe
Chinese tech company Tencent is a gaming giant and the parent company of WeChat, the ubiquitous social messaging app in China. Cheng Xin | Getty Images News | Getty Images Tencent has spent years evolving into a gaming and social media giant in China and in the process, has built up its cloud computing capabilities. […]
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OpenAI wins $200 million U.S. defense contract
OpenAI CEO Sam Altman speaks during the Snowflake Summit in San Francisco on June 2, 2025. Justin Sullivan | Getty Images News | Getty Images OpenAI has been awarded a $200 million contract to provide the U.S. Defense Department with artificial intelligence tools. The department announced the one-year contract on Monday, months after OpenAI said […]
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Google, Scale AI’s largest customer, plans split after Meta deal, sources say
Alexandr Wang, CEO of Scale AI, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 23rd, 2025. CNBC Alphabet’s Google, the largest customer of Scale AI, plans to cut ties with Scale after news broke that rival Meta is taking a 49% stake in the AI data-labeling startup, five sources […]
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Israel-Iran attacks and the 2 other things that drove the stock market this week
What was shaping up to be a relatively calm week quickly got volatile on Friday, following Israel’s overnight strike on Iran. Here is a closer look at the three biggest themes that defined the market this week. 1. Geopolitics: The attack on Iranian nuclear infrastructure rippled through financial markets on Friday. U.S. stocks sold off […]
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Oracle’s stock on pace for best week since 2001 on cloud momentum
Oracle CEO Safra Catz speaks at the FII PRIORITY Summit in Miami Beach, Florida, on Feb. 20, 2025. Joe Raedle | Getty Images Oracle shares are on pace for their best week since 2001 as Wall Street cheers a strong earnings report and bullish comments on the company’s prospects in cloud computing. The stock is […]
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Scale AI’s Alexandr Wang confirms departure for Meta as part of $14.3 billion deal
Alexandr Wang, CEO of ScaleAI speaks on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 23, 2025. Gerry Miller | CNBC Scale AI founder Alexandr Wang told employees in a memo on Thursday that he’s leaving for Meta, confirming reports from earlier in the week about his departure and a large […]
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Scale AI plans to promote strategy chief Droege to CEO as founder Wang heads for Meta
FILE PHOTO: Jason Droege speaks at the WSJTECH live conference in Laguna Beach, California, U.S. October 22, 2019. Mike Blake | Reuters Scale AI plans to promote Chief Strategy Officer Jason Droege to serve as its new CEO, with founder Alexandr Wang heading to Meta as part of a multibillion-dollar deal with the company, CNBC […]
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AMD reveals next-generation AI chips with OpenAI CEO Sam Altman
Lisa Su, CEO of Advanced Micro Devices, testifies during the Senate Commerce, Science and Transportation Committee hearing titled “Winning the AI Race: Strengthening U.S. Capabilities in Computing and Innovation,” in Hart building on Thursday, May 8, 2025. Tom Williams | CQ-Roll Call, Inc. | Getty Images Advanced Micro Devices on Thursday unveiled new details about […]
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