Technology

Apr 04, 2024

Nvidia to Benefit from SK Hynix’s New $3.9B Indiana Facility Focused on High-Bandwidth Memory Chips

South Korea’s SK Hynix announced plans to invest $3.9 billion in an advanced chip-packaging facility in West Lafayette, Indiana, marking a significant development for the Midwestern states in the American semiconductor industry. This new facility, focusing on mass-producing high-bandwidth memory (HBM) crucial for powering Nvidia Corp (NASDAQ:NVDA) GPUs…

Apr 03, 2024

Tesla Plans Site Scouting In India For New EV Plant: Report

American EV giant Tesla Inc (NASDAQ:TSLA) will reportedly send a team to India in late April to identify possible locations for a proposed EV plant. What Happened: The Indian states in focus include those with existing automotive manufacturing such as…

Apr 01, 2024

Netflix Co-Founder Says The Best Reason To Work On A Startup ‘Isn’t To Make Money’

The co-founder and first CEO of Netflix Inc. Marc Randolph has shared his thoughts on the primary motivation for working in a startup. What Happened: On Monday, Randolph took to X, formerly Twitter, and expressed views on the most compelling…

Apr 01, 2024

Happy 48, Apple: If You Invested $1000 In Apple When It Went Public, Here’s How Much You’d Have

On this day, 48 years ago, Steve Jobs, Steve Wozniak and Ronald Wayne incorporated Apple Inc. (NASDAQ:AAPL), a company that would go on to revolutionize several industries over the next few decades. From personal computing to software design, smartphones, and…

Apr 01, 2024

Nvidia Leads, Tesla Lags Among Magnificent Seven Stocks: Q1 Market Shake-Up

Among the so-called Magnificent Seven technology companies, Nvidia Corp (NASDAQ:NVDA) and Tesla Inc (NASDAQ:TSLA) have emerged as standout performers, albeit in contrasting directions. What Happened: Apple Inc (NASDAQ:AAPL) and Tesla suffered double-digit declines in the first three months of the…

Jul 18, 2023

Teladoc expands Microsoft tie-up to document patient visits with AI

(Reuters) - Teladoc Health is expanding a partnership with Microsoft to use the tech giant's artificial intelligence services to automate clinical documentation on the telehealth platform, lifting its shares 6% in premarket trade. The integration of AI including Microsoft's services…

Jul 18, 2023

Race towards ‘autonomous’ AI agents grips Silicon Valley

By Anna Tong and Jeffrey Dastin Around a decade after virtual assistants like Siri and Alexa burst onto the scene, a new wave of AI helpers with greater autonomy is raising the stakes, powered by the latest version of the…

Jul 17, 2023

Ford slashes prices of F-150 Lightning trucks as EV wars heat up

By Nathan Gomes (Reuters) -Ford deepened a price war in the electric-vehicle industry on Monday by slashing the prices of its F-150 Lightning trucks, including a 17% cut for the base model, as it aims to boost its share of…

Jul 14, 2023

Founder of crypto lender Celsius Network pleads not guilty to fraud charges

By Luc Cohen and Hannah Lang NEW YORK (Reuters) - Alex Mashinsky, founder and former CEO of bankrupt cryptocurrency lender Celsius Network, pleaded not guilty Thursday to U.S. fraud charges that he misled customers and artificially inflated the value of…

Jul 13, 2023

US FTC opens investigation into OpenAI over misleading statements – document

(Reuters) -The U.S. Federal Trade Commission has opened an investigation into OpenAI on claims it has run afoul of consumer protection laws by putting personal reputations and data at risk, the strongest regulatory threat to the Microsoft-backed startup yet. The…

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