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News
Applied Digital beats quarterly revenue estimates on surging AI infrastructure demand
2+ hour, 59+ min ago (255+ words) July 27 – Applied Digital beat Wall Street estimates for fourth-quarter revenue on Monday, riding on robust demand for its data centers from an expanding roster of AI clients. Shares of the company, which counts CoreWeave as a client, rose 5.4% in extended…...
US core capital goods orders rise, shipments post largest gain in 4-1/2 years amid AI investment boom
13+ hour, 40+ min ago (851+ words) WASHINGTON, July 27 (Reuters) – New orders for key U.S.-manufactured capital goods increased strongly in June while shipments surged by the most in 4-1/2 years as businesses ramped up spending on artificial intelligence, suggesting the economy maintained a fairly strong pace of…...
Government engagement with AI creates more uncertainty for investors, Bridgewater CIOs warn
10+ hour, 59+ min ago (257+ words) July 27 (Reuters) – The engagement of government with AI could potentially slow the adoption and progress of the technology and create more uncertainty for investors, Bridgewater’s co-chief investment officers said in a note to clients on Monday. Here are some more…...
South Korea’s Naver jumps 10% on Nvidia’s $1 billion investment plan
1+ day, 2+ hour ago (377+ words) SEOUL, July 27 (Reuters) – Shares of South Korean internet and cloud service giant Naver jumped more than 10% on Monday after it said Nvidia would acquire $1 billion of its new shares to finance a project to expand an AI data centre. The…...
Nvidia, Microsoft and other tech giants back open-source AI models
3+ day, 2+ hour ago (328+ words) SAN FRANCISCO, July 24 (Reuters) – Nvidia, Microsoft and other tech heavyweights made a public case to lawmakers on Friday in favor of open-source AI models, wading into a debate roiling the business and policy worlds over who controls the powerful technology....
South Korea’s SK Hynix, Samsung Elec sign $950 billion partnership with US big tech
2+ day, 18+ hour ago (115+ words) WDEZ South Korea’s SK Hynix, Samsung Elec sign $950 billion partnership with US big tech SEOUL, July 25 (Reuters) – South Korea’s Samsung Electronics and SK Hynix will pursue memory chip supply partnership with U.S. big tech companies including Nvidia worth $950 billion…...
Aerospace fights for young recruits as AI drains talent pool
3+ day, 2+ hour ago (589+ words) By Joanna Plucinska and Shivansh Tiwary FARNBOROUGH, England, July 24 (Reuters) – For Hassan Butt, a 17-year-old British student volunteering at the Farnborough airshow this week, there was nothing cooler than watching the planes and thinking about the physics that kept them…...
Intel rises as strong forecasts signal AI boost for turnaround
3+ day, 10+ hour ago (314+ words) July 24 (Reuters) – Intel’s shares rose 6% in premarket trading on Friday after bullish forecasts signaled the AI boom was propelling the chipmaker’s long-awaited turnaround. The company forecast third-quarter revenue above Wall Street expectations and raised this year’s capital expenditure estimate to…...
India’s HCLTech to invest $1.48 billion in AI data center, open 5,000-seat tech hub
3+ day, 18+ hour ago (322+ words) July 24 (Reuters) – India’s HCLTech said on Friday it would invest 142.57 billion rupees ($1.48 billion) to set up its first AI data center in the eastern state of Odisha in partnership with homegrown startup Sarvam AI. India’s IT services firms are entering…...
Anthropic mulls mandatory employee stock trading plans after IPO, The Information reports
4+ day, 10+ hour ago (243+ words) July 23 (Reuters) – Anthropic is considering requiring rank-and-file employees to sell stock through preset trading plans after it goes public to avoid insider-trading concerns, The Information reported on Thursday, citing people familiar with the matter. The Claude code creator and rival…...