Technology

HPE Raises Annual Forecasts as AI Server Demand Lifts Quarterly Revenue

Hewlett Packard Enterprise raised its annual profit and revenue forecasts after AI server and networking demand drove a quarterly earnings beat.

NBA Suspends Clippers Owner Ballmer, Strips Five Draft Picks Over Kawhi Deal

The NBA suspended Clippers owner Steve Ballmer for one year, stripped five first-round draft picks and fined the team $30 million over the Kawhi Leonard ca

New York City Bans AI for Students Through 8th Grade for One Year

New York City announced a one-year ban on AI tools for students through eighth grade, with new literacy classes and screen-time caps for older students.

Two Killed and Suspect Dead in Downtown Minneapolis High-Rise Shooting

Two people were killed and seven wounded, including three police officers, in a shooting at a downtown Minneapolis high-rise Wednesday. The suspect is dead

HPE Raises Annual Forecasts as AI Server Demand Lifts Quarterly Revenue

Hewlett Packard Enterprise raised its annual profit and revenue forecasts after AI server and networking demand drove a quarterly earnings beat.

CXMT Posts 874% Revenue Surge in First Earnings Since Shanghai Listing

ChangXin Memory Technologies reported first-half revenue of 150.31 billion yuan, up 873.64%, in its first financial results as a listed company.

Nvidia Earnings Beat Fails to Lift Broader Chip Sector This Week

Nvidia posted blockbuster results on August 28, but the wider chip sector closed mixed across the US, Europe and Asia, exposing a narrowing AI trade.

UK Demands Meta Extend US Teen Safety Rules to British Users

Britain expects Meta to roll out the same child safety defaults it agreed to in a US settlement worth up to $18bn, adding fresh regulatory pressure.

Anthropic Unveils Model Hardware Standard Letting AI Agents Operate Machines

Anthropic launched the Model Hardware Standard on August 27, a research-preview framework letting AI agents operate physical devices, with open sourcing pl

SK Hynix Breaks Ground on $4 Billion Indiana AI Chip Plant, Output From 2029

SK Hynix held a groundbreaking ceremony Wednesday for its first U.S. facility, a $4 billion Indiana AI memory packaging plant, with output from 2029.

CrowdStrike Jumps 11% on Record Quarter as AI Fears Drive Cyber Demand

CrowdStrike shares rose about 11% on August 26 after a record quarter, with rising AI threats driving demand for advanced cybersecurity tools.

Nvidia Revenue Doubles to $96.2 Billion as AI Chip Demand Surges

Nvidia reported Q2 revenue of $96.22 billion, more than double a year earlier, as AI chip demand beat Wall Street forecasts. Shares slipped in after-hours

Salesforce Stock Jumps 14% on AI Growth, Deeper Anthropic Ties

Salesforce shares surged as much as 14% on August 26 after beating quarterly forecasts and expanding its Anthropic AI partnership.

Apple Sets Sept. 9 iPhone Event, First Under CEO John Ternus

Apple will hold its next iPhone launch event on September 9, its first under new CEO John Ternus, with a folding phone expected to debut.

Anthropic Signs $45 Billion Cloud Deal With Nscale for AI Compute

Anthropic will pay Nscale $45 billion to rent about 460 megawatts of AI compute at a West Virginia data center, according to a report published August 26.

MiniMax Revenue Surges 283% to $116.6 Million on Enterprise Demand

Chinese AI firm MiniMax posted a 283% jump in first-half revenue to US$116.6 million, led by a 700% rise in enterprise sales, but trailed annual forecasts.

Bill Gates Urges ‘Human Reserved’ Jobs to Shield Up to 40% From AI

Bill Gates called in an August 26 essay for legally protecting certain jobs from AI, with reports citing up to 40% of roles reserved for humans.

Options Traders Bet on Nvidia’s Calmest Earnings Reaction Since AI Boom

Options traders are pricing the smallest post-earnings move for Nvidia in years, a shift some AI bulls view as an opportunity ahead of the chipmaker's repo

Pony.ai Plans to Deploy Over 4,000 Robotaxis Abroad

China's Pony.ai says its overseas robotaxi pipeline has grown to more than 4,000 vehicles, expanding across Europe and the Middle East through global partn

- A word from our sponsors -

spot_img

Follow us

HomeBusinessTechnology