Microsoft Corp
Nvidia must show Blackwell chip can drive growth in earnings report
Despite rising competition, Nvidia holds 80% of the fast-growing market for artificial intelligence chips as the tech industry’s graphics processing unit, or GPU, of choice for making and deploying generative AI software. What investors will want to see when Nvidia reports its third-quarter earnings on Wednesday is whether it can continue to grow at a […]
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European tech funding declines for third consecutive year — but the sector is finally stabilizing
On Monday, British tech lobby group Startup Coalition warned in a blog post that there was a risk Reeves’ tax plans could result in a tech “brain drain.”. (Photo by Oli Scarff/Getty Images) Oli Scarff | Getty Images Venture capital investment in European technology startups is projected to decline for a third straight year, according […]
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Canva hires former Zoom CFO Kelly Steckelberg to run finance ahead of expected IPO
Kelly Steckelberg attends as the John Ritter Foundation for Aortic Health hosts an Evening from the Heart LA 2022 Gala at Valley Relics Museum on May 05, 2022 in Van Nuys, California. Araya Doheny | Getty Images Canva, a high-valued design software startup that competes with Adobe, said Monday that it hired Kelly Steckelberg as […]
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Tencent challenges Amazon and Microsoft’s cloud dominance by tapping into its WeChat ecosystem
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 SINGAPORE — Chinese tech giant Tencent is increasingly leveraging its WeChat super-app ecosystem to set itself apart from dominant global cloud service players, Tencent Cloud […]
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Trump taps Brendan Carr to chair Federal Communications Commission
Brendan Carr speaks during a House Committee on Energy and Commerce Subcommittee on Communications and Technology Hearing titled Connecting America. The Washington Post | The Washington Post | Getty Images President-elect Donald Trump will tap Brendan Carr, a critic of the Biden administration’s telecom policies and Big Tech, as chairman of the Federal Communications Commission, he said […]
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Three Mile Island restart could mark a turning point for nuclear energy as Big Tech influence on power industry grows
Cooling towers at the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024. Danielle DeVries | CNBC MIDDLETOWN, Pa. — The owner of the Three Mile Island nuclear power plant is embarking on an ambitious plan to restart operations before the end of the decade, marking the latest chapter in the history […]
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Here’s a look inside the Three Mile Island nuclear power plant
Operations at Three Mile Island are poised to restart in four years, the latest sign that the nuclear power industry is undergoing a major turnaround after a wave of plant closures. The Unit 1 reactor at Three Mile Island, which entered service in 1974, was permanently shut down in 2019 due to economic pressure as […]
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Ron Baron sees Tesla worth $5 trillion in 10 years, says Musk eyeing $30 trillion value one day
Billionaire investor Ron Baron, a longtime Tesla bull and shareholder, believes the electric vehicle company could hit a $5 trillion market capitalization in a decade, saying CEO Elon Musk has an even higher number in mind longer term. “Tesla, I think, is going to be worth $3 or $4 trillion — $5 trillion in 10 […]
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Alibaba shares rise 3% in premarket after Chinese tech giant posts 58% jump in profit
Alibaba Offices In Beijing Bloomberg | Bloomberg | Getty Images Chinese e-commerce behemoth Alibaba on Friday beat profit expectations in its September quarter, citing an acceleration in growth in its cloud business unit. Net income came in 43.9 billion Chinese yuan ($6.07 billion), compared with a LSEG outlook of 25.83 billion yuan. Revenue reached 236.5 […]
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Citi says this Korean stock is a ‘unique’ beneficiary of Nvidia’s new AI chip, giving it 40% upside
Citi has identified South Korean firm Doosan Corporation as a significant beneficiary of Nvidia ‘s next generation of AI chips and expects its stock to rise by more than 40% in the next 12 months. The Wall Street bank initiated coverage of Doosan with a “Buy/High Risk” rating, setting a target price of 330,000 Korean […]
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