Asian tech and chip-related stocks took a hit on Thursday following the announcement of Nvidia’s second-quarter results. Companies with direct links to the U.S. tech giant, such as South Korean chipmakers SK Hynix and Samsung Electronics, experienced significant losses. SK Hynix, a manufacturer of high bandwidth memory chips used in AI applications for Nvidia, saw
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Elon Musk’s artificial intelligence startup, xAI, has come under fire for alleged environmental violations at its new data center in Memphis, Tennessee. Concerns have been raised by environmental and health advocates regarding the company’s use of natural gas burning turbines without obtaining the necessary permits. This article delves into the details of the accusations and
The increasing demand for artificial intelligence (AI) has led to a surge in the need for more powerful processors and efficient cooling systems in data centers. Sustainable Metal Cloud is pioneering the concept of “sustainable AI factories” with their innovative HyperCubes, which are equipped with servers containing Nvidia processors submerged in a synthetic oil called
Meta revealed that it had recently blocked a small cluster of WhatsApp accounts that were traced back to an Iranian hacking group known as APT42. The targets of this group included officials associated with President Joe Biden and former President Donald Trump. This comes as no surprise, as other tech companies like Google have previously
In July, a faulty software update from CrowdStrike caused chaos in the cybersecurity industry. Millions of Windows computers crashed, leading to widespread disruptions in various sectors. Airlines faced thousands of flight cancellations, logistics companies experienced delays in package deliveries, and hospitals had to reschedule medical appointments. Delta Air Lines alone reported losses of $550 million
Workday, the finance and human resources software maker, experienced a 12% surge in shares following the release of its fiscal second-quarter results. The company exceeded analysts’ expectations with an earnings per share of $1.75, higher than the expected $1.65, and revenue of $2.085 billion, surpassing the anticipated $2.071 billion. This remarkable growth was driven by
Snowflake, a data cloud analytics company, recently released its fiscal second-quarter 2025 earnings report. While the company’s revenue of $869 million exceeded analysts’ expectations, the stock price still fell by 13%. This drop was primarily due to the decelerating product revenue growth compared to previous quarters. Snowflake reported a 30% year-over-year increase in product revenue,
The Chinese government recently expressed disapproval of the European Union’s decision to lower tariffs on electric vehicle imports, including those from major automakers like Tesla. According to a Ministry of Commerce spokesperson, Beijing believes that the EU’s investigation into China’s subsidies for the electric vehicle industry has led to biased conclusions. The spokesperson also accused
OpenAI recently announced a collaboration with Condé Nast, a prominent media company, to incorporate its AI products such as ChatGPT and SearchGPT with content from various renowned outlets including Vogue, The New Yorker, GQ, and Wired. This partnership aims to provide users with faster and more accurate search results, allowing them to access reliable information
British fintech startup Revolut made waves in the financial world with its announcement of being valued at an impressive $45 billion in a recent secondary share sale with both existing and new investors. This valuation, a significant jump from the $33 billion it held just months ago, is a testament to the company’s strong financial