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The Trump administration seems intent on controlling Intel’s ability to make key business decisions around its floundering foundry business unit. According to reporting from the Financial Times, at a Deutsche Bank conference on Thursday, Intel’s CFO David Zinsner shared new details about the company’s recent deal with the Trump administration, which gave the U.S. government…
Nvidia, the world’s most valuable company, reported another quarter of sustained sales growth in its earnings statement Wednesday, with $46.7 billion in revenue, a 56% increase compared to the same period last year. That growth was largely fueled by AI-dominated data center business, which saw a 56% year-over-year increase in revenue. Nvidia also saw its net…
Protesters stormed Microsoft’s Redmond headquarters on Monday and made it into president Brad Smith’s office in Building 34, forcing a temporary lockdown. The “No Azure for Apartheid” group livestreamed their sit-in on Twitch, hoisting banners, chanting ‘Brad Smith, you can’t hide, you’re supporting genocide!’ and posting a mock legal summons charging Smith with “crimes against…
Beijing may have thrown a wrench into Nvidia’s plans on making a comeback in China’s AI market. Nvidia has instructed its component suppliers to stop production related to its H20 AI chip, according to The Information. The production halt comes after Beijing reportedly warned Chinese companies against using these chips because of potential security issues…
The U.S. government plans to take a 10% stake in Intel, President Donald Trump told reporters Friday. Bloomberg was first to report the news, which pushed the semiconductor chip company’s stock up more than 7%. Trump said Intel has agreed to the proposal. Intel declined to comment. The news comes during a pivotal — and…
As AI technology makes its way into the enterprise, Apple is rolling out new tools that will give businesses more granular control over where and how their employees can tap into artificial intelligence. With the release of Apple’s software updates arriving in September, the tech giant is adding another option for enterprise customers: the ability…
It’s hard to find programmers these days who aren’t using AI coding assistants in some capacity, especially to write the repetitive, mundane bits. But those who refused to try the tools when Coinbase bought enterprise licenses for GitHub Copilot and Cursor got promptly fired, CEO Brian Armstrong said this week on John Collison’s podcast “Cheeky…
When Meta selected a site in Louisiana for its largest data center to date, it signed a deal with Entergy to power the site with three massive natural gas power plants. Yesterday evening, a state regulator approved Entergy’s plans. The power plants are expected to come online in 2028 and 2029, and at full strength,…
A Florida judge on Tuesday dismissed a lawsuit filed against embattled HR and payroll provider Deel. And while Deel described this as a “Rippling-aligned” and “Rippling-supported” lawsuit, this is not the infamous lawsuit filed by its rival earlier this year that involved an alleged corporate spy. Rippling CEO Parker Conrad even went so far as…
Databricks is in the process of closing a fresh round at a $100 billion valuation, sources confirmed to TechCrunch. The round was originally reported by the Wall Street Journal. A source familiar with the deal tells TechCrunch exclusively the new round is about $1 billion, and was wildly oversubscribed. Databricks, best known for its data analytics…