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
Hotel Guests Ditch Plastic Keys for Mobile Wallets
Many hotel chains are racing to replace the plastic room key with digital options, including Apple Wallet and Google Wallet apps. Plastic hotel key cards have had a rough few years, with touchless trends accelerating during the pandemic and cybersecurity concerns mounting around hotel key technology. Researchers found a vulnerability
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
AWS Launches New Infrastructure Region in Malaysia
AWS launches a new infrastructure region in Malaysia, boosting local digital innovation and supporting economic growth through 2038.
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.
Cryptocurrency scams crippling US household finances
More and more Americans are losing thousands of dollars to a scheme that takes fraudsters weeks or months to pull off. The strategy, known as “pig butchering,” has amassed billions in stolen funds—particularly in the form of cryptocurrencies. Losses from investment scams soared 38% to a new record high in
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
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
Rebooting Japan: Reviving Semiconductor Sector
Japan’s semiconductor industry was once the dominant player in the global market, but it has since eroded as other countries like Taiwan and South Korea have taken the lead. Taiwan’s TSMC, the world’s largest and most advanced semiconductor manufacturer, has become the go-to player for chip production. The US is
TIME and OpenAI Announce Strategic Multi-Year Partnership
TIME and OpenAI have partnered to integrate over a century of TIME's journalism into OpenAI's AI tools, including ChatGPT.
AWS to Launch New Taiwan Region by 2025, Invest Billions
AWS plans to open a new infrastructure region in Taiwan by 2025, investing billions over 15 years to meet rising cloud service demand.