Tag Archives: CNBC

Nvidia addresses AI chip smuggling, says bootleg datacenters are a ‘losing proposition’

Last week, Nvidia CEO Jensen Huang said it would soon resume selling its H20 chips to China after a breakthrough with the Trump administration on regulations.

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Commerce Sec. Lutnick says TikTok will go dark if China won’t agree to U.S. control of the social media app

President Donald Trump extended the deadline for Chinese divestiture for a third time, giving ByteDance until Sept. 17.

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Amazon venture fund backs startup developing fix for return fraud

Cambridge Terahertz’s package screening technology could help reduce fraudulent returns, a problem that’s plagued Amazon.

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Tesla shares drop 6% in premarket trading after auto sales plunge again

Tesla is facing stiffer competition globally from electric vehicle players, especially low-cost competitors from China.

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No ‘woke AI’ in Washington, Trump says as he launches American AI action plan

Trump has vowed to push back against “woke” AI models and to turn the U.S. into an “AI export powerhouse,” signing three AI-focused executive orders Wednesday. 

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Estonia’s tech elite are getting behind a European challenger to Robinhood

A host of Estonia’s top tech entrepreneurs — including ride-hailing unicorn Bolt’s CEO Markus Villig — are investing in European trading app Lightyear.

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Google’s $85 billion capital spend spurred by cloud, AI demand

Executives said the spend will be on tech infrastructure needed to power cloud services.

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Nvidia supplier SK Hynix second-quarter profit and revenue hit record highs, topping estimates

Revenue rose about 35% in the June quarter compared with the same period a year earlier, while operating profit rose 68%, year on year.

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IBM shares drop despite earnings beat

IBM delivered stronger results than expected and raised its forecast for full-year free cash flow.

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ServiceNow lifts guidance on AI growth

“Every business process in every industry is being refactored for agentic AI,” said ServiceNow chairman and CEO Bill McDermott in a release.

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