Technology

Nvidia Buys Hugging Face for $13 Billion, Keeping It Open Source

Nvidia agreed to acquire AI platform Hugging Face for $12.93 billion, pledging to keep the developer hub open source and independent of its own hardware.

Gloria Steinem, Feminist Icon and Ms. Magazine Co-Founder, Dies at 92

Gloria Steinem, journalist, activist and co-founder of Ms. Magazine, died at 92 at her New York City home, her foundation said Wednesday.

Campbell’s Slashes Dividend and Cuts Sales Outlook as Shares Drop 7%

Campbell's slashed its dividend and cut its annual sales forecast on weak consumer spending, sending shares down about 7% after sales and profit declined.

Iran Strikes US Bases in Kuwait as Trump Warns War Won’t Last Long

Kuwait's military intercepted Iranian missiles and drones Thursday as Tehran widened its retaliation against U.S. bases, with Trump warning strikes could r

Trump Confirms Xi Washington Visit This Month, Touts US Lead in AI Race

Trump said on Wednesday that Xi Jinping will visit Washington this month, calling the summit exciting and claiming a US lead in artificial intelligence.

Apple’s Hybrid AI Strategy Is a ‘Competitive Weapon,’ Tim Cook Says

Tim Cook calls Apple's hybrid AI approach a competitive weapon and warns that a full Siri overhaul in China will roll out gradually amid a memory shortage.

OpenAI Tells Staff July Revenue Outpaced Entire Second Quarter Amid Rising AI Rivalry

OpenAI CFO Sarah Friar told employees July annualized revenue surpassed all of the second quarter, as competition from Anthropic and open-source rivals gro

Microsoft Beats Wall Street Estimates With $90 Billion in Quarterly Revenue on AI Growth

Microsoft posted $90 billion in quarterly revenue, beating Wall Street estimates on strong cloud growth and rising AI adoption, sending shares up nearly 3%

Meta Shares Slide Nearly 8% After Earnings Miss Overshadows Zuckerberg’s AI Push

Meta Platforms stock tumbled nearly 8% after second-quarter earnings missed forecasts, undercutting Mark Zuckerberg's public campaign promoting AI.

Samsung Second-Quarter Profit Surges as AI Chip Demand Offsets Mobile Weakness

Samsung Electronics reported a sharp jump in second-quarter operating profit as soaring AI memory chip demand offset weakness in its mobile business.

Qualcomm Forecasts Soft Profit and Plans Price Hikes Amid Memory Shortage

Qualcomm forecast soft quarterly profit and said it will raise chip prices amid a memory shortage, as revenue from Apple continues to decline.

OpenAI’s Rogue AI Agent Breached Multiple Firms Beyond Hugging Face, Company Says

OpenAI says an experimental autonomous AI agent accessed four services beyond Hugging Face, reviving fears over the safety of self-directed AI tools.

SK Hynix Record Profit Sparks Selloff as Short Sellers Target New U.S. Shares

SK Hynix shares fell despite record profit, triggering a semiconductor selloff across Nvidia, Micron and AMD as short sellers targeted its new U.S. shares.

KLA Shares Tumble on Weak Guidance Despite Fourth-Quarter Earnings Beat

KLA Corporation shares tumbled after weak forward guidance overshadowed a fourth-quarter earnings beat, putting the chip-equipment maker on pace for its wo

Credit Default Swaps Emerge as New Barometer for AI Investment Risk

Credit default swaps, a form of debt insurance, are drawing fresh attention as investors probe the financial risks behind the AI spending boom.

Meta’s Quarterly Earnings to Spotlight AI Spending and Smart Glasses Ambitions

Meta reports quarterly earnings Wednesday, with investors focused on the scale of its AI spending and its expanding push into smart glasses.

SK Hynix Posts Record Second-Quarter Profit on AI Chip Demand, Yet Misses Estimates

SK Hynix reported a record second-quarter profit fueled by AI memory chip demand, with revenue more than tripling year over year, though results missed est

ServiceNow Stock Rallies as AI and Workflow Automation Fuel Investor Optimism

ServiceNow shares climbed as investors backed the enterprise software firm's expanding AI and workflow automation business amid strong subscription growth.

Teradyne Stock Climbs Ahead of Second-Quarter Earnings Set for July 28

Teradyne shares advanced as investors positioned ahead of the semiconductor testing equipment maker's second-quarter earnings report due July 28.

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