TAIPEI, Oct 30 (Reuters) – Foxconn, the world’s biggest contract electronics manufacturer, on Friday flagged that a collaboration with leading US artificial intelligence developer OpenAI was in the works, though details were scant. Foxconn Chairman Young Liu told reporters at the company’s…
TAIPEI, Oct 30 (Reuters) – Demand growth for AI will continue “for sure” although the rate may vary, said Rick Tsai, CEO of Taiwan’s largest chip designer MediaTek, on Friday. Here are some details from the company’s third quarter earnings call: • Tsai…
They’ve pledged most of their equity to philanthropy. That could transform the funding landscape for the AI doomer movement—and its political ambitions. Anthropic’s upcoming IPO is going to make its founders very, very rich. And unfortunately for freedom-loving Americans,…
SINGAPORE, Oct 30 (Reuters) – Tech shares slumped in Asia on Friday, the yen rose and bonds surged toward their biggest monthly gain in nearly three years as investors scurried to safety against worries that huge and rising AI spending may not…
Oct 29 (Reuters) – Nvidia is in talks to offer AI cloud provider Nscale billions of dollars in credit guarantees to support debt funding for a data center earmarked for Anthropic, The Information reported on Thursday, citing people with knowledge of the…
Further downside is certainly possible, but selling now won't erase the losses we've taken.
NEW YORK, Oct 29 (Reuters) – Chip stocks took another hit after Thursday’s weak quarterly earnings report from Intel, which could make for interesting dynamics when trading reopens on Friday. The semiconductor index sold off in post-close trading on Thursday after chipmaker…
ORLANDO, Florida, Oct 29 (Reuters) – The big three US stock indices fell on Thursday, despite weaker oil prices, lower bond yields and upbeat economic growth data, as a record fall in Alphabet’s shares following the company’s latest earnings pummeled communication services…
Amazon’s cloud-computing revenue grew 39% year-over-year to $46 billion in the third quarter of 2026, but overall earnings fell short of Wall Street’s total revenue and earnings per share estimates, sending the stock down 6% in after hours trading. Amazon Web Services revenue beat…
Oct 29 (Reuters) – Nvidia CEO Jensen Huang defended the company’s business with Singapore-based Megaspeed International, calling it “normal and not unusual,” Bloomberg News reported on Thursday. Huang’s comments followed a New York Times report that said a former Megaspeed executive was…
The AI makers as businesses: OpenAI, Anthropic, Nvidia and their rivals, the IPOs and valuations, the chip makers and the money pouring into AI.
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