Alphabet shares closed 1.51% higher on Monday after The Information reported the company is developing a new server chip, internally dubbed “Frozen v2,” designed to run Gemini models more efficiently. The chip would permanently embed parts of Gemini’s architecture directly into the silicon, reducing the number of calculations and amount of data movement required to…
Archer Aviation CEO Adam Goldstein said the company is laser-focused on getting its air taxis certified and flying by the 2028 Olympics in Los Angeles. “It’s always been an ambitious goal,” he told CNBC’s Phil LeBeau on Monday at the Farnborough Air Show in the U.K. “It’s still an ambitious goal, but we’re certainly going…
After a decade-long comeback, chip giant Advanced Micro Devices is preparing to ship its first rack-scale system for artificial intelligence, called Helios, to a growing list of customers that now includes Microsoft. It’s the first rival to Nvidia‘s wildly popular Grace Blackwell and Vera Rubin systems, and is aiming to give the world’s most valuable…
Wendell Huang, chief financial officer of Taiwan Semiconductor Manufacturing Co. (TSMC), during a news conference in Taipei, Taiwan, on Thursday, July 16, 2026. Bloomberg | Bloomberg | Getty Images TSMC is racing to accelerate capacity at its Arizona factory as the company continues to see a “multi-year demand mega trend” from its customers, Chief Financial…
A charging port is seen on a Mercedes Benz EQC 400 4Matic electric vehicle at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2019. Mark Blinch | Reuters The automotive industry’s increasing use of over-the-air technology to update vehicle systems makes it more susceptible to cyberattacks, analysts say, urging more intervention in the…
A Zoox autonomous robotaxi in San Francisco, California, US, on Wednesday, Dec. 4, 2024. David Paul Morris | Bloomberg | Getty Images Amazon-owned Zoox recalled software in 105 of its robotaxis over concerns its vehicles failed to detect heavy smoke and drove into it. Zoox notified the National Highway Traffic Safety Administration of the recall…
The AI trade dominated the market once again this week, upstaging an impressive start to the second-quarter earnings season. Cooler-than-expected June reports on consumer and producer prices offered encouraging signs that inflation continued to ease, while earnings from the nation’s largest banks reinforced the strength of capital markets. At the same time, investors kept one…
President Donald Trump points his finger as he signs an executive order on AI next to Senate Commerce Committee Chairman Ted Cruz, R-Texas, left, and Commerce Secretary Howard Lutnick, in the Oval Office at the White House in Washington, Dec. 11, 2025. Al Drago | Reuters The Trump administration has taken new steps to assert…
Nvidia Corp CEO Jensen Huang speaks at the COMPUTEX forum in Taipei, Taiwan May 29, 2023. Ann Wang | Reuters Nvidia CEO Jensen Huang is rarely seen without his leather jacket. It’s his signature look. He’s been wearing them for nearly 20 years. At product launches, company events, and trade shows, Huang is nearly always…
Apple and Nvidia battled it out on Friday for the title of world’s most valuable company, with the iPhone maker briefly topping the long-time leader in market value. Shares of Nvidia briefly dropped about 3% and its market value dipped to $4.84 trillion in early morning trading, while Apple hovered near a $4.88 trillion market…
