Explore

AMD takes on Nvidia with aggressive $8.2 billion bet on AI’s next era

AMD takes on Nvidia with aggressive $8.2 billion bet on AI’s next era

The AI systems that matter most a decade from now may not be the ones that can just read text and generate language.

Is Nvidia a good long-term buy? Why its massive size may not matter

Is Nvidia a good long-term buy? Why its massive size may not matter

Prime Capital Financial’s Will McGough wants investors to look past NVDA’s market cap and focus on its earnings, valuation, and its role in the artificial intelligence buildout.

Volantis raises $88 million for tech to connect AI, memory chips

Volantis raises $88 million for tech to connect AI, memory chips

By Stephen Nellis SAN FRANCISCO, Oct 1 (Reuters) - San Francisco-based semiconductor startup Volantis on Thursday said it has raised $88 million in venture capital in an effort to solve a key challenge for AI chips by tapping a technology that is already sitting in hundreds of millions of iPhones.

Tech stocks support Wall Street as pressure from rising bond yields rattles markets worldwide

Tech stocks support Wall Street as pressure from rising bond yields rattles markets worldwide

U.S. stocks are holding firmer after a strong profit report from Micron Technology boosted expectations for the AI industry

Wall St futures gain as AI, consulting stocks offset bond-market jitters

Wall St futures gain as AI, consulting stocks offset bond-market jitters

By Johann M Cherian and Tharuniyaa Lakshmi Oct 1 (Reuters) - U.S. stock index futures rose on Thursday, buoyed by gains in chip and consulting stocks, even as inflation and mounting government debt concerns pushed Treasury yields to more than two-decade highs.

AMD to buy Fei-Fei Li's World Labs in $8.2 billion bet on 'physical AI'

AMD to buy Fei-Fei Li's World Labs in $8.2 billion bet on 'physical AI'

Sept 28 (Reuters) - Advanced Micro Devices said on Monday it would acquire Fei-Fei Li's AI startup, World Labs, in an all-stock deal valued at $8.2 billion, a move that would give the chipmaker a foothold in research on physical AI systems that can understand and simulate the world.

AMD acquires World Labs in $8.2 billion deal to bolster AI systems strategy

AMD acquires World Labs in $8.2 billion deal to bolster AI systems strategy

Sept 28 (Reuters) - Advanced Micro Devices said on Monday it would acquire Fei-Fei Li's AI startup World Labs in an all-stock deal valued at $8.2 billion, giving the chipmaker deeper access to research on AI systems that can understand and simulate the physical world.

Anthropic Plans $518 Billion AI Infrastructure Buildout with Non-Cancelable Deals

Anthropic Plans $518 Billion AI Infrastructure Buildout with Non-Cancelable Deals

Anthropic Plans $518 Billion AI Infrastructure Buildout with Non-Cancelable Deals

Elon Musk just handed Nvidia investors another big win

Elon Musk just handed Nvidia investors another big win

One X post on Sept. 25 gave Nvidia bulls a number they had not seen before.

Stocks wobble as bonds slump to monthly loss

Stocks wobble as bonds slump to monthly loss

By Tom Westbrook SINGAPORE, Sept 29 (Reuters) - Oil prices and bond yields were higher in an uncomfortable combination for Asian equities on Tuesday, as investors braced for an interest rate hike in Australia and an era where short term borrowing costs settle at their highest for years.

Australia's Megaport rallies after bagging $687-million AI contracts

Australia's Megaport rallies after bagging $687-million AI contracts

By Jasmeen Ara Islam Shaikh and Rajasik Mukherjee Sept 29 (Reuters) - Australian network and cloud services provider Megaport said on Tuesday it won three AI infrastructure contracts worth about A$978.6 million ($686.88 million) and raised its annual earnings forecast, sending its shares nearly 21%

Nvidia sets biggest-ever buyback plan as AI chip competition weighs on stock performance

Nvidia sets biggest-ever buyback plan as AI chip competition weighs on stock performance

By Anhata Rooprai Sept 28 (Reuters) - Nvidia boosted its share buyback authorization by a record $150 billion, eclipsing Apple's $110 billion approval in 2024, making a big bet on its own stock as intensifying AI-chip competition weighs on its performance relative to peers.