Key Points The chip is specifically for inferencing rather than training but Alibaba will still use semiconductors from other vendors like Nvidia. Alibaba said it would invest at least 380 billion Chinese yuan ($53.1 billion) in AI over the next three years. Chinese technology firms have focused on developing homegrown chips over the last few…
Eric Trump and Donald Trump Jr during the Bitcoin 2025 conference in Las Vegas, Nevada, US, on Wednesday, May 28, 2025. Bloomberg | Bloomberg | Getty Images Eric Trump said Friday he is certain bitcoin will eventually hit a $1 million valuation as he spoke at a Hong Kong conference, marking the first of a…
Max Levchin, co-founder of PayPal and chief executive officer of financial technology company Affirm, arrives at the Sun Valley Resort for the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho. Drew Angerer | Getty Images Affirm shares rose 15% in extended trading on Thursday after the provider of buy now, pay later…
Elon Musk reacts during a press event with U.S. President Donald Trump (not pictured), at the White House in Washington, D.C., U.S., May 30, 2025. Nathan Howard | Reuters Elon Musk’s fervent promotion of Tesla‘s self-driving technology isn’t doing much to win over prospective buyers. According to a new survey, more U.S. consumers say that…
A Dell Technologies sign is seen in Round Rock, Texas, on June 2, 2023. Brandon Bell | Getty Images Despite beating on its top and bottom lines, shares of Dell Technologies fell more than 5% Thursday in extended trading after giving third-quarter earnings per share guidance that below Wall Street’s expectations. Here’s how the systems…
Intel CFO David Zinser said that the semiconductor giant received $5.7 billion from the U.S. government on Wednesday evening. Zinsner acknowledged the investment on Thursday during an investor conference. The investment is part of the White House’s decision last Friday to take a 10% stake in the beleaguered computer chip company. Zinser also signaled the…
Jensen Huang, CEO of Nvidia, speaks during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, on June 11, 2025. Gonzalo Fuentes | Reuters Nvidia stock turned positive on Thursday after the chipmaker reported better-than-expected earnings and revenue for the fiscal second quarter. Shares of the…
A Standford study has found evidence that the widespread adoption of generative AI is impacting the job prospects of early career workers. Vertigo3d | E+ | Getty Images There is growing evidence that the widespread adoption of generative AI is impacting the job prospects of America’s workers, according to a paper released on Tuesday by…
Elon Musk, during a news conference with President Donald Trump, inside the Oval Office at the White House in Washington on May 30, 2025. Tom Brenner | The Washington Post | Getty Images Sales of Tesla cars in Europe plunged in July, in the company’s seventh consecutive month of declines, while Chinese rival BYD saw…
A news ticker outside Fox News headquarters reads: Grand jury votes to indict former President Donald Trump, at the News Corporation building in New York City, U.S., March 31, 2023. Brendan Mcdermid | Reuters In less than three days, college football will be showcasing one of its most-highly anticipated week one matchups ever, with top-ranked…
