Cerebras Systems Inc. signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, US, on Thursday, May 14, 2026. Michael Nagle | Bloomberg | Getty Images Cerebras Systems‘ shares sank 10% on Friday after the company completed the largest IPO by a U.S. tech firm in years. The semiconductor firm…
Cisco CEO Chuck Robbins told CNBC on Thursday that skyrocketing demand for artificial intelligence tools and equipment is powering the industry toward a “networking supercycle.” Shares jumped 14% and headed for their best day in more than two decades after Cisco blew past its AI infrastructure and hyperscaler guidance orders for the fiscal year and lifted…
Maskot | Digitalvision | Getty Images Since the debut of OpenAI’s ChatGPT in 2022, and the subsequent AI revolution, workers across industries have been hit by sweeping layoffs. A new report published by IBM last week, however, shows that AI is also reshaping boardrooms and how CEOs make decisions. The report says 76% of the…
Data centers are gobbling up land, driving up electric bills, and becoming a lightning rod for public discontent over big tech’s power in society. Maine’s legislature recently passed a data center ban in the state (but failed to override the governor’s veto). According to the National Conference of State Legislatures, 14 states spanning the political…
With companies spending more than ever on artificial intelligence, they are also tracking how employees use AI in unprecedented detail. Yet many CEOs hope, but still can’t tell, if it’s making workers more productive. More than two-thirds of enterprises still rely on estimates, like time saved or projected cost reductions, rather than measured financial results…
A major data center company has paused investment in AI infrastructure projects and data centers in the Middle East amid the Iran war, its CEO has told CNBC. As oil prices have skyrocketed and supply chains have been heavily disrupted by conflict in the region, the future of huge digital infrastructure plans in the Middle…
At a time when Hollywood is torn between fear of artificial intelligence stealing jobs and the pressure to cut costs, a new kind of hybrid production studio is launching with the latest AI tools. Innovative Dreams is a new production services company, backed by Amazon Web Services and Luma, a generative AI startup, that combines…
Intel’s latest earnings report showed big demand for central processing units, or CPUs, as companies rush to build out their artificial intelligence capabilities, sending its stock surging. The numbers led investors to scoop up shares of another major chipmaker: Advanced Micro Devices. AMD shares soared more than 12% on Friday as Wall Street analysts were…
A yearslong legal brawl between Elon Musk, the world’s richest man, and OpenAI CEO Sam Altman heads to court in Northern California on Monday in a dramatic showdown between two of the most high-profile names in the tech industry. In his $134 billion lawsuit, Musk claimed that OpenAI, Altman and the company’s president, Greg Brockman,…
A data center owned by Amazon Web Services, front right, is under construction next to the Susquehanna nuclear power plant in Berwick, Pennsylvania, Jan. 14, 2025. Ted Shaffrey | AP The AI-driven data center boom in Pennsylvania — which includes a $20 billion investment from Amazon — is leading to political angst in districts in…
