NEW YORK — Wikipedia founder Jimmy Wales voiced skepticism about Elon Musk’s latest artificial intelligence venture, “Grokipedia,” a self described rival to the online encyclopedia, calling it “unlikely to create anything very useful right now.” Speaking Tuesday at the CNBC Technology Executive Council Summit in New York City, Wales questioned the reliability of large language … Read more
Skyworks Solutions Inc. and Qorvo Inc., two leading suppliers of radio frequency components used in Apple devices and other smartphones, announced Tuesday that they have agreed to merge in a stock and cash transaction valued at roughly $22 billion. The deal marks one of the largest consolidations in the US semiconductor sector this year, as … Read more
Microsoft Corp. has taken a $135 billion stake in OpenAI, giving the tech giant roughly 27 percent ownership in the artificial intelligence company. The move, formalized through a new agreement between the two firms, underscores Microsoft’s long term bet on artificial intelligence and signals a deepened alignment between two of the most influential players in … Read more
LONDON — British actress Prunella Scales, best known for her unforgettable portrayal of Sybil Fawlty in the acclaimed 1970s sitcom “Fawlty Towers,” died Monday at her home in London. She was 93. Her sons confirmed her death Tuesday in a statement to Reuters, saying, “Our darling mother Prunella Scales died peacefully at home in London … Read more
SAN JOSE, Calif. — PayPal Holdings Inc. reported third quarter results that surpassed Wall Street expectations, sending its stock soaring nearly 15 percent in after hours trading. The digital payments giant posted revenue of $8.42 billion for the quarter ended September 30, a 7.3 percent increase from the same period last year. Non GAAP earnings … Read more
Qualcomm Inc. (NASDAQ/QCOM) announced its entry into the artificial intelligence (AI) data center market on Monday, unveiling two new AI chips AI200 and AI250 designed to compete with industry leaders Nvidia and Advanced Micro Devices (AMD). The announcement led to a significant surge in Qualcomm’s stock price, reflecting investor optimism about the company’s expansion into … Read more
Tesla Inc. shareholders are facing a high stakes vote on CEO Elon Musk’s proposed $1 trillion compensation package, as the company’s board chair warns that failing to approve the plan could jeopardize Musk’s leadership and the electric vehicle maker’s future ambitions. Robyn Denholm, Tesla’s board chair, issued a letter to investors Monday, urging support for … Read more
OpenAI’s recent surge in infrastructure spending is shifting attention to how major technology companies manage and report their capital expenditures, or capex. Microsoft, Alphabet, Meta and Amazon are all expected to release quarterly earnings this week, and investors are paying close attention to one key question how much are these companies investing in AI driven … Read more
WASHINGTON — Huntington Bancshares announced Monday that it will acquire smaller rival Cadence Bank in an all stock transaction valued at $7.4 billion, marking one of the year’s most significant regional bank mergers. The move reflects a growing trend among mid sized US lenders to build scale, diversify geographically, and strengthen financial resilience amid rising … Read more
US stock futures advanced Monday morning as investors positioned themselves for a pivotal week filled with market moving events including a Federal Reserve policy meeting, quarterly results from Big Tech giants, and an anticipated summit between former President Donald Trump and Chinese President Xi Jinping. Futures tied to the Dow Jones Industrial Average gained roughly … Read more