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.

OpenAI Launches ChatGPT for Teens With Content Limits and Parental Controls

OpenAI released ChatGPT for Teens on Tuesday, adding content restrictions, parental controls and homework support for users aged 13 to 17.

Alibaba to Raise $10 Billion in New Shares for AI Buildout

Alibaba said on Sunday it will issue HK$80 billion (about $10.2 billion) in new Hong Kong shares, directing all proceeds to AI infrastructure.

Nvidia Warns Customers of AI Server Price Hikes Above 15%

Nvidia has told major customers that servers containing its AI chips could rise more than 15% in price, driven by soaring memory costs, Bloomberg reported.

Treasury’s Doubled Bond Buybacks Push Bitcoin Toward $80,000 as ETF Flows Reverse

Bitcoin surged toward $80,000 after the U.S. Treasury said it would double bond buybacks, reversing ETF outflows and weakening the dollar.

Broadcom Seeks Up to $80 Billion in Debt for AI Chip Financing Deal

Broadcom is in talks to raise as much as $80 billion in debt to finance a custom chip deal tied to the AI infrastructure boom, reports said Friday.

Bitcoin Tops $79,000 in Best Week Since 2023 as Short Squeeze Fuels Rally

Bitcoin climbed above $79,000, its strongest week in over two years, driven by a short squeeze, rising ETF inflows and new CFTC rule-making.

Unitree Soars Over 600% in Debut as First Humanoid Robot Firm on Mainland

Unitree Robotics shares surged as much as 620% on their Wednesday debut, the first humanoid robot firm to list on a mainland Chinese exchange.

Amazon Expands Drone Delivery to Nearly 500 US Cities This Year

Amazon announced Thursday it will extend drone delivery to nearly 500 US cities this year, carrying 5-pound packages in as fast as 30 minutes.

Bitcoin Jumps 11% in Two Days as Trump Pushes Clarity Act

Bitcoin surged 11% over two days to its highest level since June as Trump and crypto executives pressed Congress to pass the Clarity Act.

Stripe to Buy AI Model Gateway OpenRouter in Fintech’s Deeper AI Push

Stripe said on August 19 it agreed to acquire OpenRouter, an AI model gateway for developers, extending the payments firm's reach into the AI market.

Marvell Signs Google Chip Deal With $12.2 Billion Stock Option

Marvell shares surge after striking a custom chip deal with Google that includes an option to buy about $12.2 billion in stock, as Broadcom shares fall.

Roblox Commits to Safety Overhaul After Australia Finds Adults Contacting Children

Roblox has signed a legal agreement with Australia's eSafety regulator to overhaul privacy settings after tests found adults could contact children.

CFTC Seeks Public Comment on Computing Power Derivatives as AI Demand Surges

The U.S. CFTC has opened a public consultation on derivatives tied to computing power as demand for AI infrastructure drives interest in the resource as a

Analog Devices Rallies as Data Center and Industrial Chip Sales Beat Views

Analog Devices shares rallied after quarterly results topped expectations, driven by strong data center and industrial chip sales amid an AI-fueled recover

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