Tech Archives - Page 38 of 1385

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Former Meta Engineer Accuses Company Of Bias In Handling Gaza Content, Files Lawsuit For Wrongful Termination

June 5, 3:44 AM

A former Meta engineer, Ferras Hamad, has filed a lawsuit against the company, alleging wrongful termination after attempting to fix content suppression issues related to Palestinian posts about the Gaza conflict.

Elon Musk Reveals How Tesla May Split $10B AI Budget: Nvidia To Get Billions, But In-House Efforts Take Center Stage

By Anan Ashraf

June 5, 3:15 AM

Within the company, Tesla will spend on AI inference computers, the sensors present in its cars, and its Dojo supercomputer, Musk said.

NVDA

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Apple’s Upcoming Back To School Promotion Reportedly Features Gift Cards For Mac Buyers

By Ananya Gairola

June 5, 1:12 AM

Apple is expected to launch its annual Back to School promotion for university students in the U.S. and Canada soon, offering discounts and gift cards up to $200 with Mac purchases, according to social media ads.

AAPL

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‘Tesla Had No Place To Send The Nvidia Chips,’ Says Elon Musk After Report Suggests He Diverted Thousands Of AI Chips Reserved For EV Giant To X And xAI: ‘They Would Have Just Sat In A Warehouse’

By Ananya Gairola

June 4, 9:53 PM

Tesla CEO Elon Musk redirected thousands of Nvidia chips initially reserved for Tesla to X and xAI, explaining that Tesla had no facilities to utilize the chips immediately, while the Giga Texas extension for FSD training nears completion.

NVDA

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Microsoft To Fund Startup That Enhances AI Deployment

By Shivani Kumaresan

June 4, 7:16 PM

Touchcast Inc., a startup focused on caching generative AI queries, is set to raise $100 million from venture backers, including Microsoft Corp. The New York-based company aims to reduce computational and energy requirements for models like OpenAI's GPT-4. CEO Edo Segal expects the new funding to push Touchcast's valuation to at least $350 million.

ACN

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Intel Stock Pops After The Bell: What’s Going On?

By Adam Eckert

June 4, 4:44 PM

Intel said it entered into a definitive agreement under which Apollo-managed funds and affiliates will lead an investment of $11 billion to acquire a 49% equity interest from Intel in a joint venture entity related to the company's Fab 34.

INTC

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CrowdStrike Q1 Earnings: Revenue Beat, EPS Beat, Raised Guidance On Positive Momentum, ‘Exceptional Strength’

By Adam Eckert

June 4, 4:34 PM

CrowdStrike's first-quarter revenue increased 33% year-over-year to $921 million, beating the consensus estimate of $904.66 million. The cybersecurity company reported adjusted earnings of 93 cents per share, beating analyst estimates of 89 cents per share.

CRWD

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Hewlett Packard Shares Climb On Better-Than-Expected Q2 Results

By Erica Kollmann

June 4, 4:30 PM

Hewlett Packard Enterprise reported better-than-expected second-quarter financial results after the bell Tuesday. Here's a look at the highlights from the report.

HPE

2 minute read

STMicroelectronics Stock Gains After EV Deal With Geely Auto – What’s Going On?

By Anusuya Lahiri

June 4, 4:05 PM

STMicroelectronics & Geely signed SiC supply deal for electric vehicles, also collaborating on solutions for automotive electronics & new energy vehicles.

CLIA

1 minute read

Nvidia, AMD Chips To Get Dearer as Taiwan Semi Eyes AI Chip Price Hike

By Anusuya Lahiri

June 4, 4:01 PM

Chip stocks, including NVDA, AMD, QCOM, ARM, and Big Tech stocks like MSFT, META, GOOGL, AAPL, and AMZN, are trading lower due to TSMC's plans to raise AI chip production prices.

AAPL