Qualcomm Inc (NASDAQ:QCOM) is harnessing the capabilities of advanced artificial intelligence (AI) to amplify its presence in the automotive chip sector, presenting fresh and imaginative possibilities to automakers. Known for its cutting-edge chips and modems found in Android phones, the company has been actively promoting its Snapdragon Digital Chassis, a fusion of hardware chips, sensors,…
(Reuters) – United States Commerce Secretary Gina Raimondo has said U.S. companies have raised concerns that China has become “uninvestible”, pointing to fines, raids and other actions that have made it too risky to do business in the world’s second-largest economy. Major global firms ranging from banks to chipmakers are taking a largely cautious stance…
By Aditya Soni (Reuters) -Salesforce rallied over 5% on Thursday after its strong earnings report showed that cost cuts were working and demand was holding up better than expectations in a turbulent economy. The business software firm behind workplace-messaging tool Slack and data analytics tool Tableau was set to add around $10 billion to its…
The Biden Administration’s Pause: Nvidia’s Microchip Sales Affected In a strategic move with global implications, the Biden administration has halted Nvidia Corp.’s (NASDAQ: NVDA) microchip sales to the Middle East. The concern at hand is the potential re-export of these chips to China, a bold geopolitical maneuver recently highlighted by the Telegraph’s James Titcomb. National…
By Sybille de La Hamaide and Dominique Vidalon PARIS (Reuters) -French miner Eramet, which on Wednesday suffered heavy stockmarket losses after it suspended operations in Gabon in response to an ongoing coup, said manganese mining in the country would resume on Thursday. “In view of the information available this evening on today’s events in Gabon,…
Artificial intelligence has swiftly entered the common vocabulary of most investors, a trend that hasn’t escaped the attention of Cathie Wood, the visionary behind Ark Invest. Wood’s involvement with Nvidia Corp (NASDAQ:NVDA) dates back to at least 2016, and according to her, the AI trade still holds great promise. In fact, she believes that AI…
With the rapid advancements in artificial intelligence technology, an increasing number of companies are actively exploring ways to incorporate this potentially transformative tool into their operations. Among these companies is Uber Eats. Uber Eats is gearing up to introduce an AI-driven chatbot, aimed at assisting users in making decisions about their upcoming meals, as reported…
(Reuters) -The U.S. Federal Trade Commission (FTC) has suspended its challenge of Amgen’s $27.8 billion purchase of Horizon Therapeutics, allowing the FTC to consider whether the agency should settle the case, a filing late on Friday showed. The pause is effective until Sept. 18. Amgen said the company was aware of the move and is…
In a significant development that underscores the evolving landscape of international relations, the coalition of BRICS countries – comprising Brazil, Russia, India, China, and South Africa – has come to a consensus to expand its membership. This comes amid growing interest from several nations eager to be part of this influential group. The Backdrop:…
In the labyrinth of geopolitical maneuverings and high-stakes power plays, Russia often stands as a behemoth with stories that often read like chapters from a dramatic thriller. The recent plane crash, leading to the purported demise of Yevgeny Prigozhin, the chief of Wagner and a once-close Kremlin confidante, is one such tale that’s stirring…