Business
President Donald Trump’s administration has changed the direction of US AI policy toward two oil-rich states in the Middle East. It’s paved the way for Saudi Arabia and the United Arab Emirates to buy chips from Nvidia Corp. and Advanced Micro Devices Inc. that are considered state-of-the-art when it comes to creating and running artificial…
Netflix is joining its streaming rivals in testing the amount and types of advertisements its subscribers are willing to endure for lower prices. Today, at its second annual upfront to advertisers, the streaming leader announced that it has created interactive mid-roll ads and pause ads that incorporate generative AI. Subscribers can expect to start seeing…
Nvidia (NVDA, Financials) shares rose Tuesday after the chipmaker secured a major AI hardware deal in Saudi Arabia, lifting its market valuation to $3 trillion and boosting CEO Jensen Huang’s personal wealth.Nvidia’s stock rally added to a surge that brought the company’s market capitalization to $3 trillion. Shares closed at $129.93, up 5.6%, following news…
Stephen Hemsley stepped down from his role as CEO in 2017 after more than a decade in charge. Source link
The logo for consumer lending firm Capital One Financial Corp is seen on its headquarters on January 20, 2023 in McLean, Virginia. The company has reportedly eliminated up to 1,100 technology positions this week as its digital structure matures. Win Mcnamee | Getty Images News | Getty Images New York Attorney General Letitia James sued…
Oil giant Saudi Aramco signed agreements with major US companies potentially totaling about $90 billion. Source link
Ford readies for the impact of tariffs, suspends 2025 financial guidance While Ford Motor Company said its first quarter financial picture was better than expected, Trump tariffs will likely make 2025 difficult. Straight Arrow News Ford has recalled over $273,000 SUVs due to an issue with leaking brake lines that could lead to longer braking…
Shares of AI leaders and chipmakers moved higher on Wednesday morning as easing trade tensions and new chip deals with Saudi Arabia lifted hopes for the tech sector. Here’s a look at some of the top tickers trending in premarket trading: Super Micro Computer (SMCI) stock soared more than 17% on Wednesday, adding on to…
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By Shashwat Chauhan and Pranav Kashyap (Reuters) -The S&P 500 wavered between gains and losses on Wednesday after a robust start to the week spurred by soft inflation data and the U.S.-China tariff truce, as investors watched for trade developments during Donald Trump’s tour of the Gulf states. Most megacap and growth stocks ticked up,…