Adnan Rasheed
Elon Musk’s artificial intelligence startup, xAI, has reportedly raised $15 billion in new funding, according to a CNBC report citing sources familiar with the matter. The infusion, which allegedly boosts the company’s valuation to $200 billion, underscores the accelerating race for capital in the AI sector. However, Musk quickly disputed the report. In a post … Read more
MONTERREY, Mexico — Nvidia Corp. denied plans to invest $1 billion in the northern Mexican state of Nuevo Leon, hours after Governor Samuel Garcia announced the technology giant would build a green data center there. The clarification comes amid confusion over the scope of the project and the role of Nvidia in local technological development. … Read more
Artificial intelligence company Anthropic on Wednesday announced a $50 billion investment in computing infrastructure that includes new data centers in Texas and New York, marking one of the largest single capital pushes in the company’s history. The same day, Microsoft revealed a new AI data center under construction in Atlanta, Georgia, describing it as part … Read more
WASHINGTON — The US House of Representatives voted Wednesday night to reopen the federal government after a record 43 day shutdown, bringing relief to hundreds of thousands of furloughed federal workers and signaling an end to weeks of political gridlock. The bill, which cleared the House 222 to 209, now heads to President Donald Trump’s … Read more
NEW YORK — Advanced Micro Devices Inc. (AMD) shares rose nearly five percent in premarket trading Wednesday following the company’s announcement of aggressive long term growth targets aimed at capturing a larger slice of the artificial intelligence chip market from market leader Nvidia. The Santa Clara, California based semiconductor company on Tuesday unveiled plans to … Read more
NEW YORK — Google has filed a lawsuit against what it alleges is a sprawling international network of text message scammers, signaling a major escalation in the tech industry’s battle against digital fraud. The lawsuit, filed Wednesday in the US District Court for the Southern District of New York, targets a group Google calls “Lighthouse,” … Read more
MOSCOW — The Kremlin said Wednesday that contact between Britain’s national security adviser and a senior Russian foreign policy aide failed to develop into meaningful dialogue, underscoring the deep chill between Moscow and Western capitals over the war in Ukraine. Kremlin spokesman Dmitry Peskov confirmed that talks took place between Jonathan Powell, Britain’s national security … Read more
BEIJING — China is intensifying efforts to protect its technology industry from the growing impact of US chip restrictions, as the country faces worsening shortages of advanced semiconductors vital for artificial intelligence and high performance computing. According to people familiar with the matter, Beijing has started directing how the output of Semiconductor Manufacturing International Corp. … Read more
NEW YORK — Advanced Micro Devices Inc. (AMD) forecast Tuesday that its profit will more than triple by 2030, as the company expects explosive growth in the global data center chip market, projected to reach $1 trillion within the decade. At its first analyst day in three years, held in New York, AMD said it … Read more
NEW YORK — The Dow Jones Industrial Average surged more than 500 points Tuesday to close at a record high, buoyed by growing optimism that Washington is nearing an end to the record breaking government shutdown. But the broader US market showed mixed results, as a sell off in technology shares led by Nvidia dragged … Read more
