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Amazon CEO Andy Jassy's AI-Led Job Cuts Warning Sparks Backlash As Employee Reportedly Says 'It's Clearly Part Of The Plan'
Wednesday, June 18, 2025 - 5:18am | 482Amazon.com Inc. (NASDAQ:AMZN) CEO Andy Jassy announced Tuesday that artificial intelligence will reduce the company’s corporate workforce due to efficiency gains, prompting immediate criticism from employees across internal communication channels. What Happened: Jassy told employees that AI...
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US-China Trade Truce Offers No Relief For Defense Supply Chains As China Links Rare Earths To Chip Export Curbs: Report
Monday, June 16, 2025 - 4:51am | 566The renewed US-China trade truce reached in London left critical military-use rare earth export restrictions unresolved, threatening comprehensive deal prospects as global supply chain disruptions continue. What Happened: Beijing has not committed to granting export clearance for specialized rare-...
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Singapore Investigates Potential Fraud In Nvidia AI Chip Shipments: 'The Question Is Whether Malaysia Was A Final Destination'
Monday, March 3, 2025 - 9:58am | 645Singapore authorities have initiated an investigation into potential fraudulent activities related to the shipment of Nvidia Corp. (NASDAQ:NVDA) chips. The chips, which are banned in China, were reportedly shipped to Malaysia via servers from Dell Technologies Inc. (NYSE:DELL)...
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Nvidia's Lead Expands, Analyst Says: 'AI Demand Remains Very Strong'
Friday, January 10, 2025 - 1:34pm | 346NVIDIA Corp (NASDAQ:NVDA) has grown to being among the largest companies in the world due to its AI chip dominance. One analyst sees the Santa Clara, California-based company’s lead expanding. The Nvidia Analyst: In a note published Thursday, Bank of America analyst Vivek Arya reiterated a...
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Nvidia Rival AMD's CEO Says 'There's No One Size Fits All' As AI Chip Race Heats Up
Thursday, September 19, 2024 - 5:19am | 571AMD (NASDAQ:AMD) CEO Lisa Su emphasized the importance of diverse computing solutions in the face of competition with Nvidia (NASDAQ:NVDA) led by her cousin Jensen Huang. What Happened: Su stated on Wednesday that there is “no one size fits all in computing.” “There's no, you...
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Nvidia's Chip Supply To Saudi Arabia Boosts Regional Sentiment, Says Expert: 'I Think Regionally It's Great'
Friday, September 13, 2024 - 4:58am | 545In a recent development, Nvidia Corp. (NASDAQ:NVDA) has begun supplying its advanced chips to Saudi Arabia, a move that has positively influenced market sentiment in the Middle East and Asia. What Happened: On Thursday, Brett McGonegal, chairman and CEO at Capital Link, discussed the impact of...
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Masayoshi Son's Plans To Rival Nvidia With SoftBank's Own AI Chip Production Hit A Roadblock As Intel Talks Reportedly Fall Through (UPDATED)
Thursday, August 15, 2024 - 3:29am | 570In a recent development, SoftBank Group Corp. (OTC:SFTBY) has hit a snag in its plans to produce an artificial intelligence (AI) chip that could rival Nvidia Corp. (NASDAQ:NVDA). The Japanese conglomerate’s negotiations with Intel Corp. (NASDAQ:INTC) have reportedly collapsed due to Intel...
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Nvidia Upcoming Chip Launch Faces Delay Due To Design Flaws — Setback Expected To Impact Meta, Microsoft And Google: Report (UPDATED)
Monday, August 5, 2024 - 12:08am | 701Editor’s Note: The story has been updated to include a response from a Nvidia spokesperson Nvidia Corporation (NASDAQ:NVDA) has reportedly encountered delays in the production of its upcoming AI chips due to design issues. This setback is expected to impact major clients including ...
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Nvidia Reportedly Developing A New Version Of Its Flagship AI Chip For Chinese Market Amid US Export Restrictions (UPDATED)
Monday, July 29, 2024 - 2:53am | 609Editor’s note: The article has been updated with Nvidia’s response. Nvidia Corp. (NASDAQ:NVDA) is reportedly in the process of creating a new AI chip, designed to comply with U.S. export controls, specifically for the Chinese market. What Happened: According to anonymous sources, Jensen...
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Intel Shares Rise In Pre-Market As Nvidia, AMD Crack After CPU Maker Announces New AI Chip To Take On Rivals
Tuesday, June 4, 2024 - 6:34am | 596Intel Corp. (NASDAQ:INTC) saw a 2.34% rise in pre-market trading on Tuesday, after announcing its new Lunar Lake chips with advanced AI processors. What Happened: At the ongoing Computex technology trade show in Taiwan, Intel CEO Pat Gelsinger revealed the company’s updated AI strategy, which...
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AMD Shares Rise Pre-Market After Semiconductor Giant Unveils New AI Chips To Challenge Jensen Huang's $2.7 Trillion Nvidia Empire
Monday, June 3, 2024 - 4:40am | 583Advanced Micro Devices (NASDAQ:AMD) saw a 1.26% increase in pre-market trading on Monday after revealing its latest AI processors. What Happened: At the Computex technology trade show in Taipei, AMD CEO Lisa Su introduced the MI325X accelerator, which is expected to be available in the fourth...
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Nvidia For The First Time Identifies China's Huawei As Significant Rival In AI Chip Arena
Friday, February 23, 2024 - 3:33am | 550For the first time, Nvidia Corporation (NASDAQ:NVDA) has named Huawei Technologies as a major rival in the artificial intelligence (AI) chip market. What Happened: Nvidia, in a filing with the Securities and Exchange Commission on Wednesday, recognized Huawei as a top competitor in various...
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Altman's Billion-dollar Vision: OpenAI's CEO Aims For AI Chip Dominance
Saturday, January 20, 2024 - 2:51pm | 498Sam Altman, the CEO of OpenAI, is reportedly in talks with global investors to secure funds for a network of semiconductor factories. Altman aims to address chip shortages for AI applications, planning a global network of fabs, Bloomberg reported, citing several people with knowledge of...
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Nvidia And Intel's Leap Into AI Chips: What It Means For Your Investments
Wednesday, January 10, 2024 - 11:35am | 503As we usher in a new era of technological innovation in 2024, Benzinga is at the forefront, hosting the much-anticipated virtual event, AI Revolution: 2024 Portfolio Building, on Thursday, January 11, at 11 AM EST. This event is a golden opportunity for investors to delve into how artificial...
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Intel Takes On Qualcomm And Nvidia With Its Foray Into AI-Equipped Automotive Chips
Wednesday, January 10, 2024 - 9:27am | 660On Tuesday, Intel Corporation (NASDAQ:INTC) announced its entry into the automotive semiconductor market with the launch of AI-equipped chips for cars. The move will see the tech giant competing with the likes of Qualcomm Inc (NASDAQ:QCOM) and Nvidia Corp (NASDAQ:NVDA). What Happened: Intel plans...