Nvidia’s 10% Plunge Wrecks Chip Stocks to Worst Day Since 2020
Nvidia plunged 9.5% on Tuesday, wiping nearly $300 billion off the chipmaker’s market cap and pulling chip stocks down with it. Intel fell almost 8%, Marvell slid 8.2%, and Broadcom lost about 6%. AMD dropped 7.8%, and Qualcomm fell nearly 7%. The VanEck Semiconductor ETF (SMH), an index that tracks
Amazon Checkout Stuck in Limbo During Labor Day Sale Frenzy
Amazon’s checkout function encountered technical issues on Friday, keeping customers from completing purchases. The e-commerce site displayed error messages with photos of dogs during the outage as people posted about it on social media.
Nvidia partner ZutaCore helps AI data centers cut energy costs
The HyperCube utilizes advanced immersion cooling technology. Sustainable Metal Cloud, a data center company, is capitalizing on the artificial intelligence boom by operating “sustainable AI factories” in Singapore and Australia. The HyperCubes, which contain servers fitted with Nvidia processors, are submerged in a synthetic oil that draws heat away more
Hackers Linked to Iran Targeted Top US Officials’ WhatsApp
Meta said Friday that it blocked a “small cluster” of WhatsApp accounts linked to an Iranian hacking group that was targeting officials associated with President Joe Biden and former President Donald Trump. The company said in a blog post that the bogus WhatsApp accounts appeared to originate from the Iranian
OpenAI Teams with Condé Nast on AI-Powered Content
OpenAI's products, including ChatGPT and SearchGPT, will be able to display content from various Condé Nast outlets, such as Vogue, The New Yorker, and Wired.
Texas Residents Oppose Amazon’s Drone Expansion Plans
On a recent weekday morning, John Case heard a familiar buzzing outside his quiet suburban home in College Station, Texas. He recognized it immediately as one of Amazon’s Prime Air drones, whizzing by on its delivery route to unload small packages of batteries, vitamins and dog treats. Case has lived
Venezuela President Maduro Imposes 10-Day Ban on X Amid Feud with Elon Musk
Venezuela’s President Nicolas Maduro ordered a 10-day ban on social networking site X, cutting off locals’ access to the platform after a feud with Elon Musk. Maduro signed a decree ordering the Venezuelan telecommunications regulator to block X, citing the firm’s owner, Musk, for violating the rules of the social
Market Turmoil: Bitcoin Crashes 28% as Institutional Investors Scoop Up Coins
The crypto markets appear calm heading into the weekend after a volatile week that tested how institutional investors new to the crypto trade would react to the mammoth swings that are old hat for more seasoned digital currency investors. The sell-off in bitcoin and ether began earlier this week and
Tech Industry Mourns Susan Wojcicki, Former YouTube CEO at 56
Former YouTube CEO Susan Wojcicki, who was also one of the most influential early Google employees, has died at the age of 56 according to posts shared online by her husband Dennis Troper and Google CEO Sundar Pichai on Friday night. Wojcicki led YouTube for nearly ten years and was
Amazon’s Anthropic deal sparks UK merger probe inquiry launched
LONDON — E-commerce giant Amazon’s multibillion-dollar investment in the U.S. artificial intelligence firm Anthropic is formally being investigated by a U.K. competition regulator. The Competition and Markets Authority said Thursday that it has begun a “Phase 1” investigation into Amazon’s investment and partnership with Anthropic to assess whether the deal
EU Demands Elon Musk’s X Platform Tones Down Hate Speech Ahead of Trump Interview
The European Commission on Monday warned X Corp. owner Elon Musk and CEO Linda Yaccarino that the company may face penalties and restrictions in Europe if it doesn’t address the spread of illegal content, including incitements to violence and hate speech, on its social media platform. The warning comes as
